Common use of The Commitment Clause in Contracts

The Commitment. Subject to the terms and conditions herein set out, the Banks severally agree and commit to make loan Advances to the Borrower from time to time, from the Effective Date until the Loan Termination Date, ratably in proportion to their respective Facility Commitments and in such amount that, the aggregate principal amount of the Loan at any one time outstanding shall not exceed the lesser of (i) One Hundred Twenty-Five Million Dollars ($125,000,000.00) or (ii) the Borrowing Base. On the Effective Date the Banks will make adjustments among themselves so that the outstanding principal balances of the Loan indebtedness shall be held by them in proportion to their respective Facility Commitments.

The Commitment. Subject to the terms and conditions herein set out, the Banks severally agree and commit to make loan Advances to the Borrower from time to time, from the Effective Date until the Loan Termination Date, ratably in proportion to their respective Facility Commitments and in such amount that, the aggregate principal amount of the Loan at any one time outstanding shall not exceed the lesser of (i) One Hundred Twenty-Five Sixty Million Dollars ($125,000,000.00160,000,000.00) or (ii) the Borrowing Base. On the Effective Date the Banks will make adjustments among themselves so that the outstanding principal balances of the Loan indebtedness shall be held by them in proportion to their respective Facility Commitments.

The Commitment. Subject to the terms and conditions herein set out, the Banks severally agree and commit to make loan Advances to the Borrower from time to time, from the Effective Date until the Loan Termination Date, ratably in proportion to their respective Facility Commitments and in such amount that, the aggregate principal amount of the Loan at any one time outstanding shall not exceed the lesser of (i) One Hundred Twenty-Five Eighty Million Dollars ($125,000,000.00180,000,000.00) or (ii) the Borrowing Base. On the Effective Date the Banks will make adjustments among themselves so that the outstanding principal balances of the Loan indebtedness shall be held by them in proportion to their respective Facility Commitments.

The Commitment. Subject to the terms and conditions herein set out, the Banks severally agree and commit to make loan Advances to the Borrower from time to time, from the Effective Date until the Loan Termination Date, ratably in proportion to their respective Facility Commitments and in such amount that, the aggregate principal amount of the Loan at any one time outstanding shall not exceed the lesser of (i) One Hundred Twenty-Five Ninety Million Dollars ($125,000,000.00190,000,000.00) or (ii) the Borrowing Base. On the Effective Date Date, the Banks will make adjustments among themselves so that the outstanding principal balances of the Loan indebtedness shall be held by them in proportion to their respective Facility Commitments.