Commitment of the Bank. The Bank shall, subject to and upon the terms and conditions herein set forth, make available to the Company until the second annual anniversary of the date of this Agreement (the "Conversion Date") loans (each a "Loan" and collectively the "Loans"). The Loans made available to the Company pursuant to this revolving loan facility are to finance the development and construction of new restaurants and to provide working capital for the Company's operations. The aggregate principal amount of the Loans, at any time outstanding, shall not exceed $28,000,000 (the "Commitment"). Subject to the foregoing, until the Conversion Date, the Company may borrow, repay and reborrow the Loans to the limit of the Commitment.
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Commitment of the Bank. The Bank shall, subject to and upon the terms and conditions herein set forth, make available to the Company until the second annual anniversary of the date of this Agreement (the "Conversion Date") loans (each a "Loan" and collectively the "Loans"). The Loans made available to the Company pursuant to this revolving loan facility are to finance the development and construction of new restaurants and to provide working capital for the Company's operations. The aggregate principal amount of the Loansloans, at any time outstanding, shall not exceed $28,000,000 27,500,000 (the "Commitment"). Subject to the foregoing, until the Conversion Date, the Company may borrow, repay and reborrow the Loans to the limit of the Commitment.
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Commitment of the Bank. The Bank shall, subject to and upon the terms and conditions herein set forth, make available to the Company until the second annual anniversary of the date of this Agreement (the "Conversion Date") loans (each a "Revolving Loan" and collectively the "Revolving Loans"). The Revolving Loans made available to the Company pursuant to this revolving loan facility are to finance the development and construction of new restaurants and to provide working capital for the Company's operations. The aggregate principal amount of the Revolving Loans, at any time outstanding, shall not exceed $28,000,000 (the "Commitment"). Subject to the foregoing, until the Conversion Date, the Company may borrow, repay and reborrow the Loans to the limit of the Commitment.".
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