Common use of The Loan Commitment Clause in Contracts

The Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof), each Bank, by its acceptance hereof, severally agrees to make a one-time loan (individually a “Loan” and collectively “Loans”) to the Borrower on the date hereof in U.S. Dollars in an aggregate outstanding amount equal to its commitment set forth opposite the name of such Bank on Schedule 2.1 hereto (such amount, its “Commitment” and, cumulatively for all the Banks, the “Commitments”). As provided in Section 2.5(a) hereof, the Borrower may elect that each Borrowing of Loans be either Base Rate Loans or Eurodollar Loans. Loans may not be reborrowed once repaid. Unless an earlier maturity is provided for hereunder, all Loans shall mature and be due and payable on the Termination Date.

The Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof6.2), each Bank, by its acceptance hereof, severally agrees to make a one-time loan (individually a “Loan” and collectively “Loans”) to the Borrower on the date hereof in U.S. Dollars in an aggregate outstanding amount equal to its commitment set forth opposite the name of such Bank on Schedule 2.1 hereto (such amount, its “Commitment” and, cumulatively for all the Banks, the “Commitments”). As provided in Section 2.5(a) hereof, the Borrower may elect that each Borrowing of Loans be either Base Rate Loans or Eurodollar Loans. Loans may not be reborrowed once repaid. Unless an earlier maturity is provided for hereunder, all Loans shall mature and be due and payable on the Termination Date.

The Loan Commitment. Subject to the terms and conditions hereof (including Sections 6.1 and 6.2 hereof6.2), each Bank, by its acceptance hereof, severally agrees to make a one-time loan (individually a “Loan” and collectively “Loans”) to the Borrower on the date hereof in U.S. Dollars in an aggregate outstanding amount equal to its commitment set forth opposite the name of such Bank on Schedule 2.1 hereto (such amount, its “Commitment” and, cumulatively for all the Banks, the “Commitments”). As provided in Section 2.5(a) hereof, the Borrower may elect that each Borrowing of Loans be either Base Rate Loans or Eurodollar Loans. Loans may not be reborrowed once repaid. Unless an earlier maturity is provided for hereunder, all Loans shall mature and be due and payable on the Termination Date.