Common use of Commitments to Lend; Notes Clause in Contracts

Commitments to Lend; Notes. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a loan to Borrower in an amount equal to such Lender’s Commitment (each, a “Loan”). Any amount borrowed under this Section 2.1 and subsequently repaid or prepaid may not be reborrowed. The obligation of Borrower to repay to each Lender the aggregate amount of all Loans made by such Lender, together with interest accruing in connection therewith, shall be evidenced by a single promissory note (herein called such Lender’s “Note”) made by Borrower payable to the order of such Lender in the form of Exhibit A with appropriate insertions. The amount of principal owing on any Lender’s Note at any given time shall be the aggregate amount of all Loans theretofore made by such Lender minus all payments of principal theretofore received by such Lender on such Note. Interest on each Note shall accrue and be due and payable as provided herein. Each Note shall be due and payable as provided herein, and shall be due and payable in full on the Maturity Date.

Commitments to Lend; Notes. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, make a single term loan to Borrower upon Borrower's request prior to December 31, 2003, provided that: (a) all Lenders are requested to make Loans of the same Type in an accordance with their respective Percentage Shares, and (b) the aggregate amount equal to of such Lender’s Commitment (each, a “Loan”). Any amount borrowed under this Section 2.1 and subsequently repaid or prepaid may Loans shall not be reborrowedexceed $25,000,000. The obligation of Borrower to repay to each Lender the aggregate amount of all Loans Loan made by such Lender, together with interest accruing in connection therewith, shall be evidenced by a single promissory note (herein called such Lender’s “'s "Note”") made by Borrower payable to the order of such Lender in the form of Exhibit A with appropriate insertions. The amount of principal owing on any Lender’s 's Note at any given time shall be the aggregate amount of all Loans theretofore the Loan made by such Lender minus all payments of principal theretofore received by such Lender on such Note. Interest on each Note shall accrue and be due and payable as provided hereinherein and therein. Each Note shall be due and payable as provided hereinherein and therein, and shall be due and payable in full on the Maturity Date. Borrower may borrow and repay, but may not reborrow hereunder.