Common use of Commitment of the Lender Clause in Contracts

Commitment of the Lender. The Lender agrees, subject to the terms and conditions of this Agreement, to make Loans to the Company and to issue Letter of Credit Advances to Account Parties pursuant to Section 2.4, from time to time, from and including the Effective Date, to but excluding the Termination Date, in an aggregate amount not to exceed the amount of its Commitment, provided, however, that the aggregate amount of Letter of Credit Advances outstanding at any time shall not exceed $5,000,000.

Appears in 2 contracts

Sources: Credit Agreement (First Mercury Financial Corp), Credit Agreement (First Mercury Financial Corp)

Commitment of the Lender. The Lender agrees, subject to the terms and conditions of this Agreement, to make Loans to the Company and to issue Letter of Credit Advances to Account Parties pursuant to Section 2.4, from time to time, from and including the Effective Date, to but excluding the Termination Date, in an aggregate amount not to exceed the amount of its Commitment, provided, however, that the aggregate amount of Letter of Credit Advances outstanding at any time shall not exceed $5,000,000.

Appears in 1 contract

Sources: Credit Agreement (First Mercury Financial Corp)