Subsequent Loan Commitments Clause Samples

Subsequent Loan Commitments. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make Loans (each a “Subsequent Loan”) to Company in an aggregate amount up to but not exceeding such Lender’s Commitment; provided, that after giving effect to the making of any Subsequent Loans in no event shall the aggregate Loan Exposure of all Lenders exceed the aggregate Commitments of all Lenders. Amounts borrowed pursuant to this Section 2.2(a) and subsequently repaid or prepaid may not be reborrowed. Each Lender’s Commitment shall expire on the Commitment Termination Date.