Common use of Term Loan Advances Clause in Contracts

Term Loan Advances. Each of the Lenders, relying upon each of the representations and warranties set out in Section 2, hereby agrees with the Borrower that, subject to and upon the terms of this Agreement, it will on the Term Loan Drawdown Dates, make the Term Loan Advances available to the Borrower in an aggregate amount not to exceed, on a pro rata basis, its Commitment for its respective portion of the Term Loan, provided, however, that (a) the Term Loan may only be drawn down in a single Advance and (b) to the extent that any portion of the Term Loan remains undrawn as of 12:00 noon (New York time) on October 31, 1996, each Lender's commitment to advance such undrawn portion of its Commitment thereunder shall expire.

Term Loan Advances. Each of the Lenders, relying upon each of the representations and warranties set out in Section 2, hereby agrees with the Borrower that, subject to and upon the terms of this Agreement, it will on the Term Loan Drawdown Dates, make the Term Loan Advances available to the Borrower in an aggregate amount not to exceed, on a pro rata basis, its Commitment for its respective portion of the Term Loan, provided, however, that (a) the Term Loan may only be drawn down in a single Advance and (b) to the extent that any portion of the Term Loan remains undrawn as of 12:00 noon (New York time) on October 31June 25, 19961998, each Lender's commitment to advance such undrawn portion of its Commitment thereunder shall expire.