Commitment to Lend Loan Sample Clauses

Commitment to Lend Loan. Subject to and upon the terms and conditions of this Agreement, Lender agrees to make, and Borrower agrees to accept, loans to Borrower in one or more Advances (collectively the "Loan") in the maximum principal amount of Twenty Five Million and No/100 Dollars ($25,000,000.00) (the "Committed Sum"). The parties contemplate that the full Committed Sum shall be Advanced in a single Advance on or about the date of execution of the Agreement. Notwithstanding this expectation, Lender has retained the flexibility in this Agreement to make one or more subsequent Advances hereunder should Lender withhold a portion of the Loan proceeds pending the satisfaction of some condition, circumstance or other matter that Borrower was to have satisfied prior to execution of the Agreement. Lender shall have no obligation to make any Advance on a non-Business Day. Borrower's obligations and Lender's rights under the Loan Documents shall continue in full force and effect until the Obligations are paid and performed in full, in accordance with the terms and provisions of the Loan Documents.