Material Commitments definition

Material Commitments means commitments to extend credit which, if extended, would constitute Debt of the Borrower and/or one or more of its Subsidiaries in an aggregate amount exceeding $35,000,000. For purposes of this definition, any commitment for less than $1,000,000 shall be excluded, but commitments arising from one or more related or unrelated transactions shall be aggregated if each such commitment is for $1,000,000 or more..
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Material Commitments has the meaning set forth in Section 3(k).
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Material Commitments. As defined in Section 4.8(a).
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Examples of Material Commitments in a sentence

  • Material Commitments and LiabilitiesOn July 15, 2021, the Company entered into the Loan and Security Agreement with Western Alliance Bank (“WA Loan”) to repay a loan to Silicon Valley Bank.

  • For details regarding the WA Loan, see “Management’s Discussion and Analysis – Material Commitments and Obligations.” For details regarding liquidation preferences and other rights carried by our Series B Preferred Stock, see “Description of Securities.”Using a credit card to purchase shares may impact the return on your investment as well as subject you to other risks inherent in this form of payment.

  • For details, see “Management’s Discussion & Analysis – Material Commitments and Liabilities.”DESCRIPTION OF SECURITIESGeneralThe Company is offering up to 11,261,261 shares of Series B Preferred Stock at a per share price of $2.22, plus up to an additional 1,126,126 Bonus Shares.

  • As used in this Section 10.18, the term "Material Commitments" means each Contract of TXEN which obligates TXEN to sell, license, distribute, deliver or provide products or services for a consideration in excess of $25,000 or over a period of more than one (1) month.

  • As used in this Section 2.30, the term "Material Commitments" means each Contract of Mnemonic which obligates Mnemonic to sell, license, distribute, deliver or provide products or services (including, without limitation, consulting services) for a consideration in excess of $100,000 and over a period of more than one (1) month.

  • Each Material Commitment was made on a basis calculated to produce a profit under the circumstances prevailing when it was made, and, except as disclosed on Schedule 2.30, Project List, and except for changes to the Material Commitments that may result from the transactions contemplated hereby, Welkin is not aware of any circumstances that might reasonably be expected to prevent the realization of a profit.

  • As used in this Section 2.30, the term "Material Commitments" means each Contract of Welkin which obligates Welkin to sell, license, distribute, deliver or provide products or services (including, without limitation, consulting services) for a consideration in excess of $100,000 and over a period of more than one (1) month.

  • Issuer’s Material Commitments for Capital Expenditures The Company has no current commitments for new capital expenditures.

  • Welkin is not bound by any Material Commitments for the performance of services or delivery of services or products in excess of its current ability to provide such services or deliver such products during the time available to satisfy such commitments; and all outstanding Material Commitments for the performance or delivery of services or products were made on a basis calculated to produce a profit under the circumstances prevailing when such commitments were made.

  • Issuer’s Material Commitments for Capital ExpendituresThe Company has no current commitments for new capital expenditures.


More Definitions of Material Commitments

Material Commitments. As defined in Section 4.9(a). MMT: Xxxx & Xxxxxx Mail and Messaging Company, a Delaware corporation, and its successors and permitted assigns, including any successor, whether by way of merger, acquisition, reorganization or otherwise, to its business operations.
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Related to Material Commitments

  • Group Commitment means with respect to any Purchaser Group the aggregate of the Commitments of each Purchaser within such Purchaser Group.

  • Existing Commitment shall have the meaning provided in Section 2.17.

  • Financial Commitment means the legally binding undertaking of the Operator to mobilize the financial requirements of the project, for ensuring the completion of the project;

  • Commitments means the Revolving Commitments and the Term Loan Commitments.

  • Additional Commitments means any commitments hereunder added pursuant to Section 2.22, 2.23 or 9.02(c).

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

  • Revolver Commitments means the aggregate amount of such commitments of all Lenders.

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

  • Refinancing Commitments shall have the meaning provided in Section 2.14(h).

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

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

  • Term Commitments means a Term B Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • 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.

  • Financing Commitments has the meaning set forth in Section 5.7.

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

  • Material Contracts has the meaning set forth in Section 3.09(a).

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

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

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

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Total Commitments means the aggregate of the Commitments of all the Lenders.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Canadian Commitment means the obligation of the Canadian Lender to (a) make Canadian Loans to the Canadian Borrowers and (b) issue Canadian Letters of Credit for the account of the Canadian Borrowers pursuant to Section 2.03, in an aggregate principal amount at any one time outstanding not to exceed C$15,000,000, as such amount may be adjusted from time to time in accordance with this Agreement.

  • 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.

  • 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.”

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