Loans and Borrowings Commitments Clause Samples

Loans and Borrowings Commitments. (a) Subject the terms and conditions contained in this Agreement and the DIP Orders and relying on the representations and warranties contained in this Agreement, each Lender severally agrees to make loans denominated in dollars to or for the benefit of the Borrower (the “Loans” and each, a “Loan”) during the Availability Period; provided, however, that (i) the aggregate principal amount of all Loans actually funded by such Lender shall not exceed such Lender’s Commitment and (ii) the aggregate principal amount of all Loans funded by the Lenders shall not exceed the Aggregate Commitment Amount. Amounts borrowed under this Section 2.1 and repaid or prepaid may not be reborrowed.