Common use of Commitments for Loans Clause in Contracts

Commitments for Loans. Subject to the terms and conditions hereof, each Lender severally and not jointly agrees to make one or more loans (each a “Loan”) to the Borrower from time to time prior to the Commitment Termination Date applicable to such Lender on a revolving basis in an aggregate amount not to exceed at any time outstanding an amount equal to its Commitment, subject to any reductions thereof pursuant to the terms of this Agreement; provided, however, that no Lender shall be required to make any Loan if, after giving effect thereto, (i) the aggregate principal amount of the Loans of all Lenders would thereby exceed the Revolving Credit Commitment Amount then in effect; (ii) the aggregate outstanding principal amount of Loans of such Lender would thereby exceed its Commitment then in effect; or (iii) the incurrence of such Loans will contravene the provisions of Section 2.10 in any way. Each Borrowing of Loans shall be made ratably from the Lenders in proportion to their respective Applicable Percentages. Loans of each Lender may be repaid, in whole or in part, and all or any portion of the principal amounts thereof reborrowed, before the Commitment Termination Date applicable to such Lender, subject to the terms and conditions hereof. Funding of Loans for any Borrowing shall be in U.S. Dollars.

Commitments for Loans. Subject to the terms and conditions --------------------- hereof, each Lender severally and not jointly agrees to make one or more loans (each a “"Loan”") to the Borrower from time to time prior to before the Commitment Termination Date applicable to such Lender on a revolving basis in an aggregate amount not to exceed at any time outstanding an amount equal to its Commitment, subject to any reductions thereof pursuant to the terms of this Agreement; provided, however, that no Lender shall be permitted or required to make any Loan if, after giving effect thereto, (i) the aggregate principal amount of the Loans of all Lenders would thereby exceed the Revolving Credit Commitment Amount then in effect; or (ii) the aggregate outstanding principal amount of Loans Revolving Credit Obligations of such Lender would thereby exceed its Commitment then in effect; or (iii) the incurrence of such Loans will contravene the provisions of Section 2.10 in any way. Each Borrowing of Loans shall be made ratably from the Lenders in proportion to their respective Applicable Percentages. Loans of each Lender may be repaid, in whole or in part, and all or any portion of the principal amounts amount thereof reborrowed, before the Commitment Termination Date applicable to such LenderDate, subject to the terms and conditions hereof. Funding of all Loans for any Borrowing shall be in U.S. Dollars.