The Commitment Amount (Loan A) Clause Samples
The Commitment Amount (Loan A) clause defines the maximum principal amount that the lender agrees to make available to the borrower under Loan A. In practice, this clause specifies the total funds that can be drawn by the borrower, often setting a cap on disbursements and outlining any conditions or schedules for accessing the funds. Its core function is to establish clear financial boundaries for both parties, ensuring that the lender's exposure is limited and the borrower understands the extent of available financing.
The Commitment Amount (Loan A). Subject to the terms and conditions of this Agreement and relying upon the representations and warranties herein set forth as and when made or deemed to be made, Lender agrees to lend to Borrower prior to the Commitment Termination Date (Loan A), one Advance in an aggregate amount not to exceed the Commitment Amount (Loan A).
The Commitment Amount (Loan A). Subject to the terms and conditions of this Agreement and relying upon the representations and warranties herein set forth as and when made or deemed to be made, Horizon agrees to lend to Borrower on the Commitment Termination Date Loan A, Loan A (Horizon) in an amount equal to Commitment Amount Loan A (Horizon).