Common use of Banks’ Commitment Clause in Contracts

Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the lesser of $60,000,000 or the Maximum Loan Limit as defined herein. (b) Unless terminated as provided in paragraph 1.5 hereof, the term of the Bank's commitment hereunder shall automatically be extended for a like term of three (3) years, each such extension being evidenced by the execution and delivery by the Trust and acceptance by the Bank of a Promissory Note described in paragraph 1.4(b) below. Each such extension shall extend the term of the Bank's commitment hereunder to a date three (3) years subsequent to the maturity date of the Promissory Note delivered pursuant to paragraph 1.4(b). (c) Unless the context indicates otherwise, a reference herein to "the Note" shall mean that Note held by the Bank at the time in question.

Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the lesser of $60,000,000 35,000,000 or the Maximum Loan Limit as defined herein. (b) Unless terminated as provided in paragraph 1.5 hereof, the term of the Bank's ’s commitment hereunder shall automatically be extended for a like term of three (3) years, each such extension being evidenced by the execution and delivery by the Trust and acceptance by the Bank of a Promissory Note described in paragraph 1.4(b) below. Each such extension shall extend the term of the Bank's ’s commitment hereunder to a date three (3) years subsequent to the maturity date of the Promissory Note delivered pursuant to paragraph 1.4(b). (c) Unless the context indicates otherwise, a reference herein to "“the Note" ” shall mean that Note held by the Bank at the time in question.

Banks’ Commitment. (a) Upon the terms and conditions stated herein and relying upon the representations and warranties set forth herein, Bank agrees to make loans to the Trust, at any time or from time to time during the term hereof, in an aggregate principal amount not exceeding at any one time outstanding the lesser of $60,000,000 49,000,000 or the Maximum Loan Limit as defined herein. (b) Unless terminated as provided in paragraph 1.5 hereof, the term of the Bank's commitment hereunder shall automatically be extended for a like term of three (3) years, each such extension being evidenced by the execution and delivery by the Trust and acceptance by the Bank of a Promissory Note described in paragraph 1.4(b) below. Each such extension shall extend the term of the Bank's commitment hereunder to a date three (3) years subsequent to the maturity date of the Promissory Note delivered pursuant to paragraph 1.4(b). (c) Unless the context indicates otherwise, a reference herein to "the Note" shall mean that Note held by the Bank at the time in question.