Lender Commitment. 9.1 Release loans to the Borrower in accordance with the contract.
9.2 Maintains the confidentiality of non-public information, except required by laws and regulations otherwise.
Lender Commitment. Upon receipt of a Loan Notice from Administrative Agent, the Lenders shall make such Loan, on a pro-rata basis, in accordance with their respective Applicable Percentage.
Lender Commitment. If for any reason any Lender fails or is otherwise unable to make payment to the Agent of any amount due under this Section 2.1(c), such Lender shall be deemed, at the option of the Agent, to have unconditionally and irrevocably purchased from PNC, without recourse or warranty, an undivided interest and participation in the applicable Swing Loan in the amount of such payment not made by such Lender and such interest and participation may be recovered from such Lender together with interest thereon at the Federal Funds Effective Rate for each day during the period commencing on the date of demand and ending on the date such amount is received. The Swing Loans shall be evidenced by the Swing Loan Note substantially in the form of Exhibit C-1 attached hereto.
Lender Commitment. On the terms and subject to the conditions set forth in this Agreement, each Lender agrees to make loans to the SPV (each, a “Loan”, and collectively, the “Loans”) on a revolving basis from time to time before the earlier to occur of the Amortization Date and the Termination Date for such Lender in such amounts as may be from time to time requested by the SPV pursuant to Section 2.2; provided that:
(a) the aggregate outstanding principal amount of the Loans for any Lender shall not at any time exceed such Lender’s Commitment;
(b) the aggregate outstanding principal amount of the Loans for all Lenders shall not at any time exceed the Facility Limit; and
(c) the aggregate outstanding principal amount of the Loans for all Lenders on any Borrowing Date, after giving effect to the Loans to be made on such Borrowing Date, shall not exceed the Borrowing Base, as shown in the Borrowing Base Certificate which is delivered by the SPV to the Facility Agent in connection with such proposed Loans. Subject to the foregoing, the SPV may borrow, prepay and reborrow the Loans hereunder.
Lender Commitment. Subject to the terms and conditions of this Agreement, the Lender agrees to make such loans (individually each a "Loan" and collectively the "Loans") to the Borrower as the Borrower may from time to time request; provided that all amounts loaned shall be used exclusively to advance Approved Purposes. Loans may take the form of funds advanced directly to the Borrower or amounts paid on the Borrower’s behalf and at the Borrower’s request to vendors, suppliers, service providers and others.
Lender Commitment. (i) Subject to the terms and conditions set forth in this Section 3, Xxxxxx agrees to make, on the date hereof, and at any time prior to the Forbearance Period Advance Maturity Date (as hereinafter defined), one or more Revolving Loans to Borrower in an aggregate amount not to exceed the $1,050,000.00 (collectively, the “Forbearance Period Advances”). “Forbearance Period Advance Maturity Date” means the earlier to occur of (A) the Termination Date and (B) a Default (as defined in Section 20 hereof).
Lender Commitment. Subject to and upon the terms and conditions set forth in this Agreement and the Participation Agreement during the Commitment Period, each Lender agrees to make multiple, non-revolving loans in accordance with Section 4.2 of the Participation Agreement, to Borrower in an aggregate principal amount up to the amount of its Lender Commitment (each such advance, a "Loan").
Lender Commitment. Seafirst Bank $29,000,000 U.S. Bank $16,000,000 ----------- Total $45,000,000
(2) TOTAL REVOLVING COMMITMENT. The reference to the amount of Thirty-five Million Dollars ($35,000,000) in the sentence that contains the definition of the Total Revolving Commitment is hereby amended to refer to the amount of Forty-five Million Dollars ($45,000,000).
Lender Commitment. Lender hereby commits to loan to the Company, on an unsecured basis, under the terms and conditions hereof, up to a total in principal amount, for all amounts so loaned, of one million dollars ($1,000,000.00), with each such loan to be evidenced by a Convertible Bridge Promissory Note (a "BRIDGE NOTE") of the Company to Lender in the form of EXHIBIT A attached hereto and incorporated herein by reference. The Initial Bridge Note, as defined in Section 2(a) hereof, as well as all Additional Bridge Notes referred to in Section 2(c) hereof, will constitute the Bridge Notes.
Lender Commitment. Subject to and upon the terms and conditions set forth in Section 3 for the benefit of Lenders, each Lender agrees to make multiple, non-revolving loans to Lessor during the Commitment Period in an aggregate principal amount up to the amount of its Lender Commitment (each such advance, a "Loan"). The aggregate of all Loans to be made by Lenders on each Funding Date shall be in an amount of at least $4,850,000 (except the last Loans funded prior to the termination of the Commitment Period, which Loans shall not be subject to a minimum) and shall be equal to 97 percent of the total Acquisition Costs funded on such date. Each party hereto agrees that, except as provided below, no Lender shall be required to make any Loan hereunder in an amount in excess of its Pro Rata Share of the Debt Components to be funded on any Funding Date. Each Lender's obligation hereunder is several, such that the failure of any Lender to make a Loan or satisfy any other obligation shall not relieve any other Lender of its obligations hereunder, and if any Lender shall fail to make a Loan hereunder each other Lender shall make an additional Loan in an amount equal to its Pro Rata Share of the Loan that was to have been made by the defaulting Lender, provided that the maximum aggregate amount of Loans that any Lender shall be obligated to make shall not exceed its Lender Commitment. Any Loan made by another Lender of a portion of a Loan to have been made by a defaulting Lender shall not relieve such defaulting Lender of its obligations hereunder. If the conditions to the obligations of any Lender specified in Section 3.2 have not been fulfilled or waived by it on or before the last day of the Commitment Period, such Lender shall be relieved of all further obligations to make new Loans under the Operative Documents after the last day of the Commitment Period. Nothing in this Section 4.2 shall operate to relieve Lessor, Lessee or Guarantor from their respective obligations under the Operative Documents or to waive any Lender's rights against Lessor, Lessee or Guarantor.
