First Loan Commitment Clause Samples

First Loan Commitment. The Participating Lenders have committed to purchase, on the terms and subject to the conditions set forth herein, the respective portions of the initial $2,000,000 of Notes being issued hereunder for cash (the “First Loan Amount”), as set forth opposite their respective names on Schedule 1.2 (the “First Loan Commitment Amounts”). For the avoidance of doubt, the Notes issued in respect of the Advance Interest Amount shall be in addition to the First Loan Amount.