Margin Loan Commitment. Subject to the terms and conditions of this Agreement, during the period from and including the Effective Date and ending on and excluding the Maturity Date (unless terminated earlier), the Bank agrees to make from time to time margin loans (each a “Margin Loan” and, together, the “Margin Loans”) to the Borrower in U.S. Dollars in the amounts specified by the Borrower in the applicable Borrowing Notice; provided that after giving effect to the making of any Margin Loan the Aggregate Outstanding Amount does not exceed the lesser of the Margin Loan Commitment Amount in effect at such time and the Aggregate Collateral Value.
Margin Loan Commitment. (a) Subject to the terms and conditions of this Agreement, during the period from and including the Effective Date and ending on and excluding the Maturity Date (unless terminated earlier), the Bank agrees to make from time to time margin loans (each a “Margin Loan” and, together, the “Margin Loans”) to the Borrower in U.S. Dollars in the amounts specified by the Borrower in the applicable Borrowing Notice; provided that after giving effect to the making of any Margin Loan the Aggregate Outstanding Amount does not exceed the lesser of the Margin Loan Commitment Amount in effect at such time and the Aggregate Collateral Value.
(b) The Borrower may, on any Business Day, no more than sixty (60) days but no less than thirty (30) days prior to the Maturity Date, execute and deliver to the Bank a proposed Extension Amendment substantially in the form attached hereto as Exhibit A with a New Maturity Date (as defined in the Extension Amendment) not later than 364 days from the date of execution by the Bank of the Extension Amendment. If the Bank in its sole discretion accepts any proposed Extension Amendment, the Bank shall promptly execute such proposed Extension Amendment and deliver a copy of such executed Extension Amendment to the Borrower. If the Bank does not accept any proposed Extension Amendment, the Bank shall promptly notify the Borrower. Any Extension Amendment executed by the Borrower and the Bank shall have the effect set forth therein and in this Agreement.
