Commitment
37 definitions

Commitment
“Commitment” means: (a) in relation to an Original Lender the amount in the Base Currency set opposite its name under the heading “ Commitment” in Part II of Schedule 1 (The Original Parties) and the amount of any other Commitment transferred to it under this Agreement; and (b) in relation to any other Lender, the amount in the Base Currency of any Commitment transferred to it under this Agreement, to the extent not cancelled, reduced or transferred by it under this Agreement.
Commitment

“Commitment” means:

(A) in relation to the Original Lender the amount (in dollars) set opposite its name under the heading “Commitment” in the table set out in Schedule 2 (The Original Lender); and

(B) in relation to any other Lender, the amount of any Commitment transferred to it under this Agreement, in each case, to the extent not cancelled, reduced or transferred by it under this Agreement.

Commitment

“Commitment” means, as to each Lender, its obligation to (a) make Committed Loans (including any Canadian Commitment of any Canadian Lender to make Canadian Loans or purchase Bankers’ Acceptances) to the Borrowers pursuant to Article II and (b) purchase participations in L/C Obligations, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The Commitment for any Lender that has an Affiliate is a single value for such Lender and its Affiliate taken together.

Commitment

An administrative reservation of allotted funds, or of other funds, in anticipation of their obligation. For federal proprietary accounting, a commitment may also manifest an intent to expend assets (e.g., to provide government social insurance benefits). 

Commitment

“Commitment” means an order by a judge at the dispositional hearing which transfers a delinquent juvenile’s legal custody to the Department of Juvenile Justice. To be eligible for commitment, a juvenile must be eleven years of age or older and adjudicated delinquent or convicted of a felony offense, a Class 1 misdemeanor and a prior felony, or four Class 1 misdemeanors. The court may commit the juvenile for a determinate or an indeterminate period of time. See Virginia Code § 16.1-278.8.

Commitment

COMMITMENT: The legal action taken by the court when it has been determined that an adjudicated juvenile or convicted adult should be placed in a state juvenile or adult corrections facility operated by the Commissioner of Corrections.  In doing so, the offender's custody is transferred to the Commissioner.  M.S. §260.185 

Commitment

 1. The action of sending a person to a prison or mental institution. 2. The order directing an officer to take a person to a prison or mental institution.

Commitment

As used in the HOME Program, commitment means one of three things. The participating jurisdiction has:

  1. executed a legally binding agreement with a State recipient, subrecipient, or contractor to use a specific amount of HOME funds to produce affordable housing or provide tenant-based rental assistance; or
  2. executed a written agreement reserving a specific amount of funds for a Community Housing Development Organization; or
  3. met requirements to commit to a specific local project as defined below.

For tenant-based rental assistance, commitment means that a rental assistance contract between the participating jurisdiction (or other entity) and the tenant or owner has been executed. HUD recognizes a commitment when the project is set up in the Integrated Disbursement and Information System (IDIS).

Commitment

“Commitment” means, with respect to each Lender, its Commitment, and with respect to all Lenders, their Commitments, as the context requires, in each case, in such Dollar amounts set forth beside such Lender’s name under the applicable heading on Schedule C-1 to the Agreement or in the Assignment and Acceptance pursuant to which such Lender became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to, and in accordance with, the provisions of Sections 2.4 and 13.1 of the Agreement.

Commitment
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“Commitment” means, with respect to any Lender, the commitment of such Lender to ;

  • Make Loans under this Agreement,
  • Refund or purchase participations in Swingline Loans pursuant to Section 2.02 and
  • Purchase participations in Letters of Credit pursuant to Article III hereof, as set forth in the Commitment Appendix and as such Commitment may be reduced from time to time pursuant to Section 2.08 or Section 9.06(c) or increased from time to time pursuant to Section 9.06(c).
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About this term

Commitment has been defined 37 different ways in documents like AMENDMENT AND RESTATEMENT AGREEMENT, AMENDMENT AND RESTATEMENT, Amendment No. 2 to Credit Agreement, and 7 more.

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