Facility C Loan Commitment Sample Clauses
Facility C Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of the Borrower set forth herein and in the other Loan Documents, the Bank agrees to make a Facility C Loan equal to the Facility C Loan Commitment. The Facility C Loan shall be available to the Borrower in a single advance on the date of this Agreement for the exclusive purpose of paying in full the Existing Indebtedness. The Facility C Loan may be prepaid in whole or in part at any time without penalty, but shall be due in full on the Facility C Loan Maturity Date, unless the credit extended under the Facility C Loan is otherwise accelerated, terminated or extended as provided in this Agreement.
Facility C Loan Commitment. Provided that an Event of Default or --------------------------- any event which with notice, lapse of time or both would constitute an Event of Default does not then exist, the Lender shall extend to the Borrowers the Facility C Loan Commitment. Subject to the terms and conditions of this Agreement, from the date hereof through but not including May 1, 2010, the Lender shall from time to time make advances to the Borrowers hereunder in an aggregate amount not to exceed the lesser of (i) the Facility C Loan Commitment and (ii) the Eligible Costs. The aggregate amount available under Facility C hereunder shall not exceed the Facility C Loan Commitment. Each advance under Facility C hereunder shall be called a "Facility C Loan." The Facility C Loans shall be evidenced by the Facility C CapEx Note in the amount of the Facility C Loan Commitment. No advance under Facility C may have a maturity date later than the Facility C Maturity Date. Facility C Loans may be repaid and, subject to the terms and conditions hereof borrowed again up to, but not including, the Facility C Maturity Date unless the Facility C Loans are otherwise accelerated, terminated or extended as provided in this Agreement.