Expenditure Commitment definition

Expenditure Commitment has the meaning ascribed thereto in 4.3(b);
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Expenditure Commitment has the meaning referred to in clause 3.1.
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Expenditure Commitment has the meaning assigned to it in Section 4.8.
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Examples of Expenditure Commitment in a sentence

  • Such fee shall be payable in arrears, on the last Business Day of each calendar quarter and on the Capital Expenditure Commitment Termination Date.

  • Each Lender agrees, severally on a Pro Rata Capital Expenditure Loan basis up to its Capital Expenditure Loan Commitment, on the terms set forth herein, to make Capital Expenditure Loans to Borrowers from time to time through the Capital Expenditure Commitment Termination Date.

  • For the avoidance of doubt, such management fees shall not be included within the Expenditure Commitment.

  • Rodeo Creek shall provide notice thereof to Hecla Ventures in accordance with Section 17.1, and Hecla Ventures shall have a period of ninety (90) days in which to resolve or dispute any good faith unintended shortfall in the amount of its Annual Expenditure Commitment.

  • If the Partnership obtains a loan from a person other than Star to finance capital expenditures or acquisitions which bears a variable interest rate, then at such time as such interest rate exceeds 11% per annum the Partnership shall, at the request of the ▇▇▇▇▇ Partner, be entitled to draw upon the Capital Expenditure Commitment to the extent available to refund or refinance such loan.

  • The Auditor will be determined by the Directors nominated by Lithium X during the completion of the Expenditure Commitment.

  • During the Interim Period, the Company and the Subsidiaries shall obtain Buyer’s prior written consent(which consent shall not be unreasonably withheld or delayed) before entering into any Capital Expenditure Commitments in any calendar month, which, in the aggregate, exceed the Capital Expenditure Commitment Budget for such calendar month.

  • The CONTRACTOR shall provide to the MINISTRY full amount of irrevocable Letter of Credit, issued by any local Bank in R▇▇, or mutually acceptable Bank in correspondence with a Yemeni Bank and submitted to the MINISTRY on the signature date of the PSA and becomes valid on the Effective date, of the total Expenditure Commitment of the First Exploration Phase and shall be in the minimum amount of Eight Million Three Hundred Thousand United State Dollars (US$ 8,3).

  • In consideration of the Minimum Expenditure Commitment and Ivanhoe's agreement to participate in the Private Placement, Entree hereby grants to Ivanhoe, with effect as of the Effective Date, the Earn-in Right.

  • Subject to the terms and conditions set forth herein, each Lender severally agrees to make Capital Expenditure Loans to the Borrower from time to time during the Capital Expenditure Availability Period in an aggregate principal amount at any one time outstanding not exceeding such Lender’s Capital Expenditure Commitment.


More Definitions of Expenditure Commitment

Expenditure Commitment means the minimum sum Hecla Ventures must spend on Earn - in Expenditures (pursuant to the Expenditure Schedule that is found in Exhibit E) during each Annual Expenditure Commitment Period.
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Expenditure Commitment means the completion of a Feasibility Study and the expenditure of at least CAD$3,000,000 on exploration and Development of the Diablillos Project by Lithium X within 2 years of the Effective Date.
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Expenditure Commitment means the sum in Item 2 in Schedule 2:.
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Related to Expenditure Commitment

  • Available Commitment means a Lender’s Commitment minus:

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

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.