Common use of Commitment to Make Loans Clause in Contracts

Commitment to Make Loans. (a) Subject to the terms and conditions and relying upon the representations and warranties herein set forth, each Lender agrees, severally and not jointly, to make Loans to the Borrower, at any time and from time to time during the Availability Period, in an aggregate principal amount at any one time outstanding not to exceed an amount equal to the excess, if any, of (i) such Lender's Commitment set forth opposite its name on Schedule 2.02 (as the same may be reduced from time to time pursuant to Section 2.10 or changed from time to time pursuant to an assignment in accordance with Section 9.04) over (ii) the sum of (A) such Lender's Commitment Percentage of the aggregate outstanding and unpaid Loans at such time, and (B) such Lender's Letter of Credit Exposure at such time. It is understood and agreed that the total amount of outstanding Loans plus the total aggregate Letter of Credit Exposure at any time shall not exceed, at any time, the aggregate Commitments of all Lenders then in effect at such time. (b) The Borrower may borrow, pay or prepay and reborrow Loans during the Availability Period, within the limits set forth in Section 2.02(a) and upon the other terms and subject to the other conditions and limitations set forth herein.