Commitments. As of the date on which the Precedent Conditions to Make the first disbursement are complied with in accordance with this Credit Line Agreement and up to but excluding the Final Maturity Date, each one of the Xxxxx that has assumed a Commitment hereby irrevocably binds itself to make one or several disbursements for a total aggregate principal amount equivalent to its respective Commitment. Each Bank’s obligation to make a disbursement is subject, in each case, to the fulfilment of each one of the Precedent Conditions to Make the Disbursements.
Commitments. As of the date on which the Precedent Conditions to Make the first disbursement are complied with in accordance with this Credit Line Agreement and up to but excluding the Final Maturity Date, each one of the Xxxxx that has assumed a Commitment hereby binds itself to issue one or several letters or credit and/or letters of guaranty for a total aggregate principal amount equivalent to its respective Commitment. The obligation of each Bank to grant an indirect credit is also subject, in each case, to the fulfilment of each one of the Precedent Conditions to Make the Disbursement.