Primary Commitment definition

Primary Commitment means, for each Lender, the obligation of such Lender to make Loans not exceeding the amount set forth as its "Primary Commitment" (which equals its Commitment minus its Swingline Commitment, if any) on Schedule "1" attached hereto or as set forth in any Notice of Assignment relating to any assignment that has become effective pursuant to Section 12.3.2, as such amount may be modified from time to time pursuant to the terms hereof.
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Primary Commitment means, with respect to each Lender, its commitment to make Primary Loans to the Borrower pursuant to Section 2.1(a), in an aggregate amount not to exceed at any time the amount set forth opposite such Lender's name under the heading "Primary Commitment" on or in (i) Schedule 1.1A hereto, (ii) any applicable Assignment and Acceptance to which it may be a party, and/or (iii) any agreement delivered pursuant to Section 2.24(d), as the case may be, as such Lender's Primary Commitment may be permanently terminated or reduced from time to time pursuant to Section 2.12 or 2.24 or Article 7 or changed pursuant to Section 9.3. The Primary Commitments shall automatically and permanently terminate on the earlier of (a) the Maturity Date or (b) the date of termination in whole pursuant to Section 2.12 or Article 7.
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Primary Commitment means, with respect to any Primary Lender, the amount set opposite such Primary Lender’s name on Schedule 1.1(a) as its Primary Commitment, or if such Primary Lender has entered into any Assignment and Acceptance, the amount set forth for such Primary Lender as its Primary Commitment in the Register maintained by the US Administrative Agent pursuant to Section 9.6(d), as such amount may be reduced or reallocated pursuant to Section 2.4 or increased pursuant to Section 2.15.
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Examples of Primary Commitment in a sentence

  • On the Business Day following any such increase, all outstanding Fed Funds Advances and Alternate Base Rate Advances shall be reallocated among the Lenders (including any newly added Lenders) in accordance with the Lenders' respective revised Primary Commitment Percentages.

  • Upon any reduction of the Aggregate Commitment, upon the election of any Swingline Lender, the reduction in such Lender's Commitment may be allocated either solely to such Lender's Primary Commitment or in part to its Primary Commitment and in part to its Swingline Commitment on a pro rata basis.

  • Each Binding Primary Commitment for ------------------- delivery after June 30, 1998 and thereafter must satisfy the conditions of Section 2.4(a), 2.4(b) and 2.4(c) below.

  • As between GWI and Supplier, GWI shall be -------------------- responsible to include in its Binding Primary Commitment quantities of Primary Products needed for Replenishment Production, based on the information contained in the reports received from Supplier pursuant to Section 3.2(a) such that if GWI's failure to do so results in a need to prioritize orders as provided in Section 4.3(c) below, such failure shall be deemed within the primary control of GWI for purposes of such Section.

  • GWI shall deliver to Supplier purchase orders --------------- ("POs") for that portion of the Binding Primary Commitment to be shipped to other sites and for quantities to be shipped from Primary Inventory.

  • Supplier shall promptly notify GWI of the acceptance or rejection of any portions of a PO considered by Supplier to be not consistent with the Binding Primary Commitment portion of a forecast or Supplier's obligations under Sections 2.3, 2.4 or 2.5 below.

  • With respect to each Binding Primary Commitment, GWI shall specify what volumes are to be purchased pursuant to POs delivered during the period covered thereby (the "Specified Volumes") and what volumes are to be transferred into Primary Inventory.

  • As of the Effective Time, GWI shall have placed orders for or transferred under the Purchase Agreement Materials to the extent necessary, taking into account lead times, to enable Supplier to meet the initial Binding Primary Commitment.

  • Exhibit A --------------------------------------------- --------- attached hereto and incorporated herein by reference sets forth (i) the Binding Primary Commitment for the period commencing on the date hereof and ending January 31, 1998, and (ii) the forecasts required under Section 2.2(a) above and Section 2.2(b) above.

  • Notwithstanding the foregoing, the parties acknowledge and agree that the Town is a political subdivision of the state of Florida, and as such, this Agreement is subject to budgeting and appropriation by the Town of funds sufficient to pay the costs associated herewith in any fiscal year of the Town.


More Definitions of Primary Commitment

Primary Commitment means, with respect to any Backstop Commitment Party, the commitment of such Backstop Commitment Party, subject to the terms and conditions set forth in this Agreement, to fully exercise its Required Rights pursuant to, and on the terms set forth in, Section 1.2 hereof.
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Primary Commitment means, subject to Sections 2.5 and ------------------ --- 2.6, $225,000,000; provided that availability of credit --- -------- thereunder in excess of $150,000,000 is subject to satisfaction of the further conditions precedent set forth in Section 8.1A;" ---- and
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Primary Commitment means, with respect to each Limited Partner, (i) with respect to Class A, the Class A Primary Commitment which such Limited Partner has agreed to make as set forth on Schedule I; (ii) with respect to Class B, the Class B Primary Commitment which such Limited Partner has agreed to make as set forth on Schedule II; (iii) with respect to Class C, the Class C Primary Commitment which such Limited Partner has agreed to make as set forth on Schedule III; (iv) with respect to Class E, the Class E Primary Commitment which such Limited Partner has agreed to make as set forth on Schedule V; and (v) with respect to Class F, the Class F Primary Commitment which such Limited Partner has agreed to make as set forth on Schedule VI.
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Related to Primary Commitment

  • Ancillary Commitment means, in relation to an Ancillary Lender and an Ancillary Facility, the maximum Base Currency Amount which that Ancillary Lender has agreed (whether or not subject to satisfaction of conditions precedent) to make available from time to time under an Ancillary Facility and which has been authorised as such under Clause 7 (Ancillary Facilities), to the extent that amount is not cancelled or reduced under this Agreement or the Ancillary Documents relating to that Ancillary Facility.

  • Undrawn Commitment means, with respect to any Revolving Lender at any time, an amount (which may not be less than zero) equal to (i) such Lender’s Revolving Commitment at such time minus (ii) the aggregate outstanding principal amount of Revolving Loans held by such Revolving Lender at such time.

  • Facility A Commitment means, with respect to each Facility A Lender, the commitment, if any, of such Lender to make Facility A Revolving Loans and to acquire participations in Facility A Letters of Credit, Facility A Protective Advances and Facility A Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility A Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility A Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility A Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility A Commitments is $1,000,000,000.

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

  • U.S. Commitment means, with respect to each U.S. Lender, the commitment, if any, of such U.S. Lender to make U.S. Revolving Loans and to acquire participations in U.S. Letters of Credit, U.S. Overadvances and U.S. Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such U.S. Lender’s U.S. Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such U.S. Lender pursuant to Section 9.04. The initial amount of each U.S. Lender’s U.S. Commitment is set forth on the Revolving Commitment Schedule, or in the Assignment and Assumption pursuant to which such U.S. Lender shall have assumed its U.S. Commitment, as applicable. The U.S. Commitment is a sub-facility of the Revolving Commitment and is not in addition to the Revolving Commitment.