Common use of Loan Commitment Clause in Contracts

Loan Commitment. (a) Subject to the terms and conditions set forth herein, the Lender agrees to make revolving loans (each, a “Loan” and, collectively, the “Loans”) to each Borrower during the Availability Period in an aggregate principal amount at any time outstanding not to exceed the Loan Commitment, provided that the aggregate principal amount of Loans at any time outstanding to a Borrower shall not exceed the Borrower Sublimit of such Borrower. (b) During the Availability Period, each Borrower shall be entitled to borrow, prepay or repay, and reborrow the Loans in accordance with the provisions hereof.

Appears in 5 contracts

Samples: Revolving Loan Agreement (Seadrill Partners LLC), Revolving Loan Agreement, Revolving Loan Agreement (Seadrill Partners LLC)

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Loan Commitment. (a) Subject to the terms and conditions set forth herein, the Lender each Xxxxxx agrees to make revolving loans (each, a “Loan” and, collectively, the “Loans”) to each the Borrower during the Availability Period in an aggregate principal amount at any time outstanding not to exceed its Pro Rata Share of the Loan Commitment, provided that . The Pro Rata share of the aggregate principal amount Loan of Loans any Lender shall not at any time outstanding to a Borrower exceed its separate Loan Commitment. The obligations of each Lender hereunder shall be several and not exceed the Borrower Sublimit of such Borrowerjoint. (b) During the Availability Period, each The Borrower shall be entitled to borrow, prepay or repay, and reborrow the Loans in accordance with the provisions hereof.

Appears in 2 contracts

Samples: Unsecured Revolving Credit Agreement (Advanced Flower Capital Inc.), Unsecured Revolving Credit Agreement (Sunrise Realty Trust, Inc.)

Loan Commitment. (a) Subject to the terms and conditions set forth herein, the each Lender agrees to make revolving loans (each, a “Loan” and, collectively, the “Loans”) to each the Borrower during the Availability Period in an aggregate principal amount at any time outstanding not to exceed its Pro Rata Share of the Loan Commitment, provided that . The Pro Rata Share of the aggregate principal amount Loan of Loans any Lender shall not at any time outstanding to a Borrower exceed its separate Loan Commitment. The obligations of each Lender hereunder shall be several and not exceed the Borrower Sublimit of such Borrowerjoint. (b) During the Availability Period, each The Borrower shall be entitled to borrow, prepay or repay, and reborrow the Loans in accordance with the provisions hereof.

Appears in 1 contract

Samples: Unsecured Revolving Credit Agreement (AFC BDC Inc.)

Loan Commitment. (a) Subject to the terms and conditions set forth herein, the Lender each Lxxxxx agrees to make revolving loans (each, a “Loan” and, collectively, the “Loans”) to each the Borrower during the Availability Period in an aggregate principal amount at any time outstanding not to exceed its Pro Rata Share of the Loan Commitment, provided that . The Pro Rata share of the aggregate principal amount Loan of Loans any Lender shall not at any time outstanding to a Borrower exceed its separate Loan Commitment. The obligations of each Lender hereunder shall be several and not exceed the Borrower Sublimit of such Borrowerjoint. (b) During the Availability Period, each The Borrower shall be entitled to borrow, prepay or repay, and reborrow the Loans in accordance with the provisions hereof.

Appears in 1 contract

Samples: Unsecured Revolving Credit Agreement (Sunrise Realty Trust, Inc.)

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Loan Commitment. (a) Subject to the terms and conditions set forth herein, the each Lender agrees to make revolving loans (each, a “Loan” and, collectively, the “Loans”) to each the Borrower during the Availability Period in an aggregate principal amount at any time outstanding not to exceed its Pro Rata Share of the Loan Commitment, provided that . The Pro Rata share of the aggregate principal amount Loan of Loans any Lender shall not at any time outstanding to a Borrower exceed its separate Loan Commitment. The obligations of each Lender hereunder shall be several and not exceed the Borrower Sublimit of such Borrowerjoint. (b) During the Availability Period, each The Borrower shall be entitled to borrow, prepay or repay, and reborrow the Loans in accordance with the provisions hereof.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (AFC Gamma, Inc.)

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