Amounts and Terms of the Commitment Sample Clauses
Amounts and Terms of the Commitment. Subject to the terms and conditions set forth in this Agreement, each Lender severally agrees to make term loans under the Term Facility (the “Loans”) on the Funding Date in Dollars in an aggregate principal amount equal to such Lender’s Commitment. The Loans may from time to time be Eurodollar Rate Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Section 2.02 and Section 2.03. Once repaid, Loans may not be reborrowed.
Amounts and Terms of the Commitment. Each Lender agrees, on the terms and conditions set forth herein, to lend to Borrower its Pro-Rata Share of $4,150,000 (the "Maximum Loan Amount") which shall be funded at Closing, except for $160,000 which shall be funded into the Debt Service Account within 5 days of Closing. The obligation of Borrower to repay the aggregate amount of the Loans made by Lenders, together with interest accruing thereon, shall be evidenced by the Convertible Notes. If Borrower pays or prepays any portion of the Loans under this Agreement, then such portion may not be reborrowed.