COMMITMENT OF NOTEHOLDERS; THE NOTES Clause Samples

COMMITMENT OF NOTEHOLDERS; THE NOTES. Commitment of Initial Noteholders. Subject to the terms and conditions of this Loan Agreement and in reliance upon the representations, warranties and covenants set forth herein, each of the Initial Noteholders severally agrees to make a loan to the Issuer (a "Loan") on the Closing Date in an amount equal to the lesser of (i) twenty-five million Dollars ($25,000,000) and (ii) its Pro Rata share of the Asset Base as of the Closing Date.