Lessor's Commitment Sample Clauses

The Lessor's Commitment clause defines the obligations and promises made by the lessor to the lessee under a lease agreement. Typically, this clause outlines the lessor's duty to provide the leased property in a specified condition, ensure its availability on the agreed date, and maintain certain standards throughout the lease term. For example, the lessor may be required to make necessary repairs or ensure compliance with legal requirements. The core function of this clause is to clearly establish the lessor's responsibilities, thereby protecting the lessee's interests and minimizing disputes regarding the condition or availability of the leased property.
Lessor's Commitment. The Lessor is firmly committed to the provision of a safe and healthy environment for its employees, clients, service delivery partners, contractors and the general public. The Lessor recognises that this commitment will only be achieved with positive leadership, the provision of necessary resources, and continued pursuit of best practice in occupational health and safety.
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Lessor's Commitment. Subject to the conditions and terms hereof, at the request of the Construction Agent from time to time during the Commitment Period on any Funding Date, (i) the Lessor shall make available to the Construction Agent an amount (in each case, an "EQUITY AMOUNT") in immediately available funds equal to the Lessor's Commitment Percentage of the amount of the Advance being funded on such Funding Date. Notwithstanding any other provision hereof, the Lessor shall have no obligation to make available any Equity Amount if, after giving effect to the proposed Equity Amount, the aggregate outstanding amount of Equity Amounts would exceed the Lessor's Commitment. On the terms and subject to the conditions hereof, amounts paid or prepaid with respect to any Equity Amounts prior to the end of the Commitment Period may be readvanced during the Commitment Period.
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Lessor's Commitment. Subject to the conditions and terms hereof, the Lessor shall make available to the Lessee on the Closing Date an amount (the “Lessor Amount”) in immediately available funds equal to the Lessor Percentage of the amount of the Advance being funded on the Closing Date.
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Lessor's Commitment. Subject to the conditions and terms hereof, the Lessor shall make available to the Lessee at the request of the Lessee from time to time during the Commitment Period on any Funding Date an amount (together with any amounts advanced by the Lessor pursuant to Section 3.1(e), each a "Lessor Amount") in immediately available funds equal to the Lessor Percentage of the amount of the Advance being funded on such Funding Date. Notwithstanding any other provision hereof, the Lessor shall not be obligated to make available any Lessor Amount if after giving effect to the making of the proposed Lessor Amount, the aggregate outstanding Lessor Amounts of the Lessor would exceed the Lessor's Commitment.
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Lessor's Commitment. The Lessor shall have made available ------------------- to the Construction Agent, (i) the Lessor Land Commitment, as set forth in Schedule I for the purpose of financing the Land Costs, (ii) the Lessor ---------- Improvement Commitment for the purpose of financing Construction Costs and (iii) subject to the conditions and terms hereof, the Lessor shall authorize the Construction Agent to request from the Administrative Agent, and the Administrative Agent shall make available to the Construction Agent, from time to time during the Commitment Period on any Funding Date, an amount in immediately available funds, equal to the amount of the Advance being requested on such Funding Date multiplied by the relevant Lessor Commitment Percentage in an aggregate principal amount not to exceed the amount of the applicable Lessor Commitment. The Lessor Land Advance Percentage shall apply to that portion of an Advance which relates to the Land Costs and the Lessor Improvement Advance Percentage shall apply to that portion of an Advance which relates to the Construction Costs. The aggregate principal amount made available under this Section 3.2 shall be the lessor amount (collectively, the "Lessor Amount"). ----------- -------------
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Lessor's Commitment. Subject to the conditions and terms hereof, the Lessor shall make the Lessor Commitment available to the Lessees by making available at the request of the Company, as agent for the Lessees, from time to time on each Acquisition Date prior to the Commitment Termination Date an amount (each, a "Lessor Amount") in immediately available funds equal to the Lessor's Funding Percentage of the Advance being made on such Acquisition Date. Notwithstanding any other provision hereof, the Lessor shall not be obligated to make available any Lessor Amount if, after giving effect to the proposed Lessor Amount, the aggregate outstanding amount of the Lessor Amounts would exceed the Lessor's Commitment. No amounts paid or prepaid with respect to the Lessor Amount may be readvanced.
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Lessor's Commitment. Subject to the terms and conditions of this Participation Agreement and the other Operative Documents, the Lessor, at the request of the Lessee, agrees to make investments of its own funds in the Properties from time to time during the Commitment Period on a Funding Date in amounts (each a "Lessor Investment Amount") equal to the amount of the applicable Advance requested in the applicable Funding Request to be funded by a Lessor Investment Amount; provided that, the aggregate amount of the Lessor Investment Amounts funded shall at all times equal or exceed the Lessor's Commitment Percentage of the total outstanding Advances. Notwithstanding any other provision hereof, the Lessor shall not be obligated to make available any Lessor Investment Amount if, after giving effect to the requested Lessor Investment Amount, the aggregate amount of Lessor Investment Amounts funded would exceed the Lessor's Commitment.
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Related to Lessor's Commitment

  • Purchase of Defaulting Lender’s Commitment During any period that a Lender is a Defaulting Lender, the Borrower may, by the Borrower giving written notice thereof to the Administrative Agent, such Defaulting Lender and the other Lenders, demand that such Defaulting Lender assign its Commitment and Loans to an Eligible Assignee subject to and in accordance with the provisions of Section 13.6(b). No party hereto shall have any obligation whatsoever to initiate any such replacement or to assist in finding an Eligible Assignee. In addition, any Lender who is not a Defaulting Lender may, but shall not be obligated to, in its sole discretion, acquire the face amount of all or a portion of such Defaulting Lender’s Commitment and Loans via an assignment subject to and in accordance with the provisions of Section 13.6(b). In connection with any such assignment, such Defaulting Lender shall promptly execute all documents reasonably requested to effect such assignment, including an appropriate Assignment and Assumption and, notwithstanding Section 13.6(b), shall pay to the Administrative Agent an assignment fee in the amount of $7,500. The exercise by the Borrower of its rights under this Section shall be at the Borrower’s sole cost and expense and at no cost or expense to the Administrative Agent or any of the Lenders.

  • Service Commitment If Services subject to a Service Commitment are terminated by Customer pursuant to the clause entitled Customer Termination for Convenience or by Verizon pursuant to the clause entitled Termination for Cause or Insolvency, on or after the: (a) Commencement Date but before the Activation Date, Customer shall pay the Cancellation of Order Charges specified in the Service Attachment (if any) together with any third party termination charges related to such termination as notified by Verizon; or (b) Activation Date but prior to the expiration of the Service Commitment, Customer shall pay an Early Termination Charge equal to 75% (or other percentage detailed elsewhere in the Agreement) of the Recurring Charges that would have been payable for those Services for the remaining unexpired part of the Service Commitment.

  • Revolving Commitment Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrowers from time to time from the Effective Date until the Termination Date, or such earlier date as the Revolving Commitments shall have been terminated as provided herein for the purposes hereinafter set forth (provided, that, all Revolving Loans made prior to the Effective Time (as defined in the Merger Agreement) shall be made to Speedway Funding); provided, however, that (x) the sum of the aggregate principal amount of outstanding Revolving Loans at any time shall not exceed the Revolving Committed Amount and (y) the sum of the aggregate principal amount of outstanding Revolving Loans on the Effective Date shall not exceed $20,000,000 (which outstanding amount shall result only from borrowings of Revolving Loans the proceeds of which are used to finance the Offer (as defined in the Merger Agreement) and for fees and expenses related to the Merger); provided, further, (i) with regard to each Revolving Lender individually, such Lender’s share of outstanding Revolving Obligations shall not exceed such Lender’s Revolving Commitment Percentage of the Revolving Committed Amount and (ii) with regard to the Revolving Lenders collectively, the aggregate principal amount of outstanding Revolving Obligations shall not exceed ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such aggregate maximum amount may from time to time be increased pursuant to Section 2.6 or reduced as provided in Section 3.3). Revolving Loans may consist of Base Rate Loans or Eurodollar Loans, or a combination thereof, as the Borrowers may request and may be repaid and reborrowed in accordance with the provisions hereof; provided, however, that no more than six Eurodollar Loans shall be outstanding hereunder at any time with respect to Revolving Loans. For purposes hereof, Eurodollar Loans with different Interest Periods shall be considered as separate Eurodollar Loans, even if they begin on the same date and have the same duration, although borrowings, extensions and conversions may, in accordance with the provisions hereof, be combined at the end of existing Interest Periods to constitute a new Eurodollar Loan with a single Interest Period.

  • The Commitment Subject to the terms and conditions of this Agreement, Lender agrees to make term loans to Borrower from time to time from the Closing Date and to, but not including, the Termination Date in an aggregate principal amount not exceeding the Commitment. The Commitment is not a revolving credit commitment, and Borrower does not have the right to repay and reborrow hereunder. Each Loan requested by Borrower to be made on a single Business Day shall be for a minimum principal amount set forth in the Supplement, except to the extent the remaining Commitment is a lesser amount.

  • Loan Commitment Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $209,900,000 in the aggregate (the "Loan") consisting of $104,950,000 of 7-year Tranche advances and $104,950,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."