Examples of Increased Commitment in a sentence
Each Increasing Bank and Added Bank (x) shall be deemed to have assumed such portion of such Committed Loans and (y) shall fund to each other Bank on the Increased Commitment Date the amount of Committed Loans assigned by it to such Bank.
For the avoidance of doubt, no Lender shall have any obligation to provide any Increased Commitment.
Each Increasing Bank and Added Bank (i) shall be deemed to have assumed such portion of such Committed Loans and (ii) shall fund to each other Bank on the Increased Commitment Date the amount of Committed Loans assigned by it to such Bank.
Each Eligible ECI will notify DCMS in writing, within 5 Business Days of becoming aware of the same, if (applying usual actuarial principles) it determines that it wishes to write a level of cover under the Scheme that, if written, will exceed its Eligible ECI Utilisation Limit (an “ Increased Commitment Notice”) (which notification will have the effect set out in Rule 9.6).
The school bus replacement fund is used to account for receipts and disbursements con- cerning the acquisition and disposal of school buses.