Common use of Commitment Term Clause in Contracts

Commitment Term. Subject to the terms and conditions hereof ---------------- and of the Participation Agreement, each Lender severally agrees to make term loans to Borrower ("Loans") on each Advance Date and, during a Construction ----- Period, on any Payment Date on which interest shall be capitalized, in an aggregate principal amount not to exceed, for all dates on which Loans are made, the amount of such Lender's Commitment. LIBO Rate Loans shall be made by each Lender at its LIBOR Office. The term of this Loan Agreement shall expire on the Final Maturity Date.