Base Facility Commitment Clause Samples

Base Facility Commitment. Subject to the terms, conditions and limitations set forth in this Article, the Lender agrees to make Base Facility Advances to the Borrower from time to time during the Base Facility Availability Period. The aggregate original principal of the Base Facility Advances shall not exceed the Base Facility Commitment. The borrowing of a Base Facility Advance shall permanently reduce the Base Facility Commitment by the original principal amount of the Base Facility Advance. The Borrower may not re-borrow any part of the Base Facility Advance which it has previously borrowed and repaid.

Base Facility Commitment. 21 ------------------------ SECTION

Base Facility Commitment. 31 SECTION 3.3 Requests for Base Facility Advances...........................................31 SECTION 3.4 Maturity Date of Base Facility Advances; Amortization Period..................31 SECTION 3.5 Interest on Base Facility Advances............................................31 SECTION 3.6 Coupon Rates for Base Facility Advances.......................................32 SECTION 3.7 Base Facility Notes...........................................................32 SECTION 3.8 Limitations on Right to Convert...............................................32 SECTION 3.9 Conditions Precedent to Conversion/Rollover...................................32 SECTION 3.10 Rollover of Maturing Base Facility Advances...................................33 SECTION 3.11 Repayment of Base Facility Advances Upon Rating Downgrade.....................33 ARTICLE IV RATE SETTING FOR THE ADVANCES..........................................................33 SECTION 4.1 Rate Setting for an Advance...................................................33 SECTION 4.2 Advance Confirmation Instrument for Revolving Advances........................35 SECTION 4.3 Breakage and other Costs......................................................35

Base Facility Commitment. Subject to the terms, conditions and limitations set forth in this Article III, the Lender agrees to make Base Facility Advances to the Borrower from time to time during the Base Facility Availability Period. The aggregate original principal of the Base Facility Advances shall not exceed the Base Facility Commitment. Except as permitted pursuant to Section 3.10, the repayment of a Base Facility Advance shall permanently reduce the Base Facility Commitment by the amount of such payment. Except as permitted pursuant to Section 3.10, the Borrower may not re-borrow any part of the Base Facility Advance which it has previously borrowed and repaid.