Common use of Commitment to Make Term Loan Clause in Contracts

Commitment to Make Term Loan. (1) Subject to satisfaction of all conditions precedent by on or prior to the date of this Agreement, the Borrower shall borrow from the Term Lender and the Term Lender shall lend to the Borrower the sum of $7,500,000.00 (the "TERM LOAN"), repayable with interest as provided herein. (2) The proceeds of the Term Loan shall be used to provide working capital support for E-Commerce and for general working capital purposes.

Commitment to Make Term Loan. (1) Subject to satisfaction of all conditions precedent by on or prior to the date of this Agreement, the Borrower shall borrow from the Term Lender and the Term Lender shall lend to the Borrower the sum of $7,500,000.00 12,500,000.00 (the "TERM LOAN"), repayable with interest as provided herein. (2) The proceeds of the Term Loan shall be used to provide working capital support for E-Commerce and for general working capital purposes.