Example ContractsClausesCommitment Amount
Commitment Amount
Commitment Amount contract clause examples

The following amounts shall count toward Nielsen’s fulfillment of the MCA and the ACA:

The MCA and the ACA shall each be reduced if (each of the following conditions to be applied separately, recognizing more than one condition may be applicable to the same event, however the same dollar impact shall only be counted once):

Amount. Each Advance under the Term RFR Option shall be in integral multiples of the Dollar Equivalent of $500,000.00 and not less than the Dollar Equivalent of $1,000,000.00.

Commitment Amount. The maximum aggregate principal amount of the Loan (the “Commitment Amount”) shall be EIGHT MILLION AND NO/100 DOLLARS ($8,000,000.00).

Commitment Amount. The maximum aggregate principal amount of the Loan (the “Commitment Amount”) shall be EIGHT MILLION AND NO/100 DOLLARS ($8,000,000.00).

Ownership Limitation; Commitment Amount. In no event shall the number of Shares issuable to the Investor pursuant to an Advance cause the aggregate number of shares of Common Stock beneficially owned (as calculated pursuant to Section 13(d) of the Exchange Act) by the Investor and its affiliates to exceed 9.99% of the then outstanding Common Stock (the “Ownership Limitation”). In connection with each Advance Notice delivered by the Company, any portion of an Adjusted Advance Amount that would # cause the Investor to exceed the Ownership Limitation or # cause the aggregate amount of Advances (that is, the aggregate amount of prior Advances made to the Company plus such Adjusted Advance Amount) to exceed the Commitment Amount shall automatically be withdrawn with no further action required by the Company, and such Advance Notice shall be deemed automatically modified to reduce the Adjusted Advance Amount by an amount equal to such withdrawn portion. The Investor shall notify the Company promptly of any reduction of the Adjusted Advance Amount due to the Ownership Limitation, but failure to provide such notice shall have no effect on the operation or implementation of the other provisions of this [Section 2.01(d)(i)].

Amount. Contemporaneously with the execution of this Lease, Tenant shall deliver to Landlord an irrevocable letter of credit (the “Letter of Credit”) that shall # be in the initial amount of $1,260,412.44; # be issued on the Approved Issuer’s form approved by Landlord; # name Landlord as its beneficiary; # be drawn on an FDIC insured financial institution reasonably satisfactory to Landlord (“Approved Issuer”) that both # has an office in the continental United States that will accept presentation of, and payment against, the Letter of Credit by either fax or overnight delivery, and # satisfies both the Minimum Rating Agency Threshold and the Minimum Capital Threshold (as those terms are defined below). The “Minimum Rating Agency Threshold” shall mean that the issuing bank has outstanding unsecured, uninsured and unguaranteed senior long-term indebtedness that is then rated (without regard to qualification of such rating by symbols such as “+” or “-” or numerical notation) “Baa” or better by Moody’s Investors Service, Inc. and/or “BBB” or better by Standard & Poor’s Rating Services, or a comparable rating by a comparable national rating agency designated by Landlord in its discretion. The “Minimum Capital Threshold” shall mean that the issuing bank has combined capital, surplus and undivided profits of not less than $10,000,000,000. Notwithstanding the foregoing, Landlord hereby agrees that, as of the Execution Date, Silicon Valley Bank is an Approved Issuer. The Letter of Credit (and any renewals or replacements thereof) shall be for a term of not less than one (1) year. The Approved Issuer shall be required to give notice of its election not to renew such Letter of Credit for any additional period at least forty-five (45) days prior to the then applicable expiration date, and Tenant shall be required to deliver a substitute Letter of Credit satisfying the conditions hereof at least twenty (20) days prior to the expiration of the term of such Letter of Credit. If the issuer of the Letter of Credit fails to satisfy either or both of the Minimum Rating Agency Threshold or the Minimum Capital Threshold, Tenant shall be required to deliver a substitute letter of credit from another issuer reasonably satisfactory to the Landlord and that satisfies both the Minimum Rating Agency Threshold and the Minimum Capital Threshold not later than thirty (30) days after Landlord notifies Tenant of such failure. Tenant agrees that it shall from time to time, as necessary, whether as a result of a draw on the Letter of Credit by Landlord pursuant to the terms hereof or as a result of the expiration of the Letter of Credit then in effect, renew or replace the original and any subsequent Letter of Credit so that a Letter of Credit, in the amount required hereunder, is in effect until a date which is at least sixty (60) days after the Expiration Date. If Tenant fails to furnish such renewal or replacement at least twenty (20) days prior to the stated expiration date of the Letter of Credit then held by Landlord, Landlord may draw upon such Letter of Credit and hold the proceeds thereof (and such proceeds need not be segregated) as a Security Deposit pursuant to the terms of this Article 7. Any renewal or replacement of the original or any subsequent Letter of Credit shall meet the requirements for the original Letter of Credit as set forth above, except that such replacement or renewal shall be issued by an Approved Issuer.

Commitment Amount. Each of the undersigned acknowledges and agrees that, as of the date of this Agreement, the total Commitments of all Lenders is $100,000,000 and the Commitment of each Lender is as set forth in [Schedule 2.01] attached hereto as [Annex B].

Amount. If a Participant dies while employed by Employer or during a period of Disability, Employer shall pay a survivor benefit to the Participant’s Beneficiary equal to four (4) times the Participant’s Final Annual Salary.

Commitment Amount. The Loan Agreement shall be amended and modified to increase the Commitment from TCF from $31,542,500.00 to $40,782,500.00 and [Schedule 2.1] attached to the Loan Agreement is hereby deleted in its entirety and replaced with the attached Replacement [Schedule 2.1]. Any and all references in the Loan Documents to the maximum principal amount of the Loan shall be and mean $40,782,500.00.

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