THE LOANS Section 2.01. Commitments Clause Samples
THE LOANS
Section 2.01. Commitments. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth:
(i) [reserved];
(ii) each Initial Term Loan Lender severally agrees to make the Initial Term Loan to the Borrower on the Effective Date, in an aggregate principal amount not to exceed the amount of such Lender’s Initial Term Loan Commitment.
(b) Notwithstanding the foregoing:
(i) [reserved].
(ii) The aggregate principal amount of the Initial Term Loan made on the Effective Date shall not exceed the Initial Total Term Loan Commitment. Any principal amount of the Initial Term Loan which is repaid or prepaid may not be reborrowed.
