Letters of Commitment definition

Letters of Commitment shall have the meaning set forth in Section 9(b) hereof.
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Letters of Commitment shall have the meaning set forth in the recitals.
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Letters of Commitment means the letters of commitment between the Principal Borrower and each of the Overindebted Subsidiaries (excluding Cablecom Kabelkommunikation GmbH and Cablecom Business AG) and between Cablecom Engineering AG and Cablecom Business AG dated on or about the Restatement Amendment Effective Date pursuant to which the Principal Borrower and (in the case of Cablecom Business AG, Cablecom Engineering AG) agrees to meet the outstanding liabilities of each of the Overindebted Subsidiaries (excluding Cablecom Kabelkommunikation GmbH) as they fall due until certain conditions are met including, inter alia, the resolution of the over indebtedness of the relevant Overindebted Subsidiary in accordance with the Subsidiary Overindebtedness Solution.
Sample 1

Examples of Letters of Commitment in a sentence

  • Letters of Commitment must be provided on the Material Subcontractor’s official company letterhead, signed by an official with the authority to bind the company for the subcontracted work.

  • For the avoidance of doubt, Life Insurance Corporation of India shall have no obligation to participate in or issue any Letters of Commitment under this Agreement.

  • For the avoidance of doubt, if any Issuing Lender has issued individual Letters of Commitment under Section 12.1A, the Borrower shall pay to such Issuing Lender, LOC Commission for each LOC Commission Period at the LOC Commission Rate on the undrawn face value of all such individual Letter(s) of Commitment issued.

  • Issuance of Letter(s) of Commitment by the Issuing Bank/ Rupee Lender under this Agreement shall be subject to the fulfillment or waiver (in accordance with the Financing Documents) of the conditions precedent set out in Section 7 of this Agreement.

  • For the avoidance of doubt, the Issuing Bank, while determining the Participating Interest of each Rupee Lender shall deduct the aggregate of the face value of all individual Letters of Commitment issued by such Rupee Lender, if any, under Section 12.1A hereof from the Unutilized LOC Amount of that Rupee Lender..

  • For the avoidance of doubt, (i) the conditions set out in Section 7 of this Agreement shall not be applicable to Disbursements by way of drawing under the Letter(s) of Commitment; and (ii) the conditions set out in Section 7 of this Agreement shall be applicable to Disbursement made under Section 12.1.4 hereof.

  • Amount with respect to a Rupee Lender shall mean its LOC Amount less the sum of: (i) the sum of its Participating Interests in all the Letters of Commitment; (ii) the aggregate of the face value of all individual Letters of Commitment issued by such Rupee Lender under Section 12.1A; and (iii) any reduction in the LOC Amount due to any Disbursements in accordance with Section 12.1.4. US Dollars or US$ means the lawful currency from time to time of the United States of America.

  • The procedure specified in Section 5 of this Agreement shall not be applicable to the Disbursement under the Facility pursuant to a Letter(s) of Commitment except in the event specified in Section 12.1.4.

  • Letters of Commitment must be provided on the Material Subcontractor’s official company letterhead and signed by an official with the authority to bind the company for the subcontracted work.

  • In the event of Issuing Bank being called upon or otherwise required at any time to make payment under any Letter(s) of Commitment, then Issuing Bank shall immediately issue notice of demand (“Notice of Demand”) on the Rupee Lenders with a copy to the Borrower along with a copy of each of the Documents.

Related to Letters of Commitment

  • Letter of Commitment means a letter obtained from the MBE and WBE’s by the Bidders. The Letter of Commitment is a signed letter(s), on company letterhead, from the minority and/or women certified business. It must be produced no later than 24 hours after the bid due date and time. This letter(s) shall state and will serve as acknowledgement from the minority and/or women certified business of their level of participation in this solicitation, the dollar amount of the commitment, the scope of service or product to be provided and the anticipated dates of utilization.

  • Outstanding Letters of Credit shall have the meaning given such term in Section 2.02(j).

  • Trade Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

  • Existing Letters of Credit means the letters of credit issued and outstanding under the Existing Credit Agreement as set forth on Schedule 2.22.

  • Letters of Credit as defined in Section 3.1(a).

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Replacement Revolving Commitments shall have the meaning assigned to such term in Section 2.22.

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment.

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A-3 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $60,000,000.

  • Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.

  • Refinancing Revolving Commitments means one or more Classes of commitments in respect of Revolving Loans hereunder that result from a Refinancing Amendment.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Letters of Credit Outstanding means, at any time, the sum of, without duplication, (a) the aggregate Stated Amount of all outstanding Letters of Credit and (b) the aggregate principal amount of all Unpaid Drawings in respect of all Letters of Credit.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Other Revolving Credit Commitments means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.