Common use of Commitment of the Lender Clause in Contracts

Commitment of the Lender. Subject to the terms and conditions of this agreement, the Lender agrees to lend to the Borrower the principal sum of Five Hundred Thousand and No/100 Dollars ($500,000).

Appears in 2 contracts

Sources: Loan Agreement (Penn Octane Corp), Loan Agreement (Penn Octane Corp)