Common use of Closing Date Term Loan Commitments Clause in Contracts

Closing Date Term Loan Commitments. Lender agrees to make a loan to Borrower (each such loan, a "Closing Date Term Loan") on the Closing Date in an amount equal to the Closing Date Term Loan Commitment. The Commitment of Lender to make Closing Date Term Loan shall terminate concurrently with the making of the Closing Date Term Loan on the Closing Date.

Closing Date Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make a loan to Borrower (each such loanmake, on the Closing Date, a "Closing Date Term Loan") on the Closing Date Loan to Borrower in an amount equal to the such Lender’s Closing Date Term Loan Commitment. The Commitment of Lender to Borrower may make Closing Date Term Loan shall terminate concurrently with the making of only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date.