Common use of Commitment of the Lender Clause in Contracts

Commitment of the Lender. The Lender grants to the Borrower a two (2)-year term loan facility in the maximum aggregate principal amount of FOURTEEN MILLION US DOLLARS (US$14,000,000.00) upon the terms and subject to the conditions hereof (“Commitment”). The Lender agrees, upon the terms and subject to the conditions hereinafter set forth, to make advances in Dollars to the Borrower within three (3) Banking days from the signing of this Agreement and, from then, from time to time, as the Borrower makes a demand on the Lender, in an aggregate principal amount up to but not in excess of their above-stated Commitment