Common use of Commitment Not Revolving Clause in Contracts

Commitment Not Revolving. The Lender’s commitment to lend hereunder is not revolving in nature, and any amount of the Loan repaid or prepaid may not be reborrowed.

Appears in 9 contracts

Sources: Loan Agreement (Invuity, Inc.), Loan Agreement (Invuity, Inc.), Loan Agreement (Invuity, Inc.)

Commitment Not Revolving. The Lender’s commitment to lend hereunder is not revolving in nature, and any amount of the Loan Loans repaid or prepaid may not be reborrowed.

Appears in 4 contracts

Sources: Loan Agreement (Raptor Pharmaceutical Corp), Loan Agreement (Dyax Corp), Loan Agreement (Dyax Corp)

Commitment Not Revolving. The Lender’s 's commitment to lend hereunder is not revolving in nature, and any amount of the Loan Loans repaid or prepaid may not be reborrowed.

Appears in 3 contracts

Sources: Loan Agreement (Raptor Pharmaceutical Corp), Loan Agreement (Raptor Pharmaceutical Corp), Loan Agreement (Raptor Pharmaceutical Corp)