The Borrowing Facility. Each Bank severally agrees, on the terms and conditions provided herein, to make Advances denominated in Dollars to the Borrower from time to time on any Business Day during the period from the date hereof to the Termination Date in an aggregate Dollar principal amount that will not result in (a) such Bank’s Revolving Credit Exposure exceeding such Bank’s Commitment or (b) the Aggregate Revolving Credit Exposure exceeding the Aggregate Commitments. Subject to Section 5.01, each Borrowing shall be in an aggregate amount equal to $20,000,000 (or a higher integral multiple of $5,000,000 (other than a Swingline Loan)), shall be made on the same day from the Banks ratably according to their respective Commitments and shall consist of Advances of the same Type. Within the limits of each Bank’s Commitment, the Borrower may borrow Advances under this Section 2.01, maintain Advances outstanding by continuing or Converting such Advances pursuant to Section 2.03, or prepay Advances pursuant to Section 5.12, and re-borrow Advances under this Section 2.01. The Aggregate Commitments to lend hereunder shall expire on the Termination Date.
The Borrowing Facility. Subject to the terms and conditions set forth herein, each Bank with a Commitment severally agrees, on the terms and conditions provided herein, to make Advances (each such advance, an “Advance”) denominated in Dollars to the Borrower, on any Funding Date during the Availability Period, in an aggregate Dollar principal amount for all such Borrowings of Advances, taken together, not to exceed at any time outstanding such Bank’s Commitment; provided that there shall be no more than three Funding Dates. Advances may be Base Rate Advances or Xxxx Xxxxxxxxx Advances, as provided further herein. Advances made pursuant to this Section 2.01 that are repaid or prepaid may not be reborrowed. Upon the making of any Advance by a Bank, such Bank’s Commitment shall be permanently reduced by an amount equal to such Advance and any Commitment not drawn on the third Funding Date shall terminate.
