Common use of COMMITMENTS TO MAKE BRIDGE LOANS Clause in Contracts

COMMITMENTS TO MAKE BRIDGE LOANS. In reliance upon the representations and warranties of the Borrower set forth herein and subject to the terms and conditions herein set forth, each of the Lenders severally agrees to make a Bridge Loan to the Borrower on the Closing Date in the amount of such Lender's Commitment. The proceeds of each Bridge Loan shall be disbursed by wire transfer on the Closing Date as provided in written instructions delivered by the Borrower to the Administrative Agent on the Business Day prior to the Closing Date. The Administrative Agent shall give each Lender prompt notice by telephone or facsimile transmission of the Borrower's instructions with respect to each Bridge Loan. The Commitment of each Lender shall be reduced to zero immediately after the making of a Bridge Loan by such Lender on the Closing Date. Each Bridge Loan will mature on the Maturity Date. The unpaid principal balance of the Bridge Loans, together with all accrued and unpaid interest thereon, shall become due and payable on the Maturity Date unless the Conversion Date occurs, in which case the unpaid principal balance of the Term Loans, together with all accrued and unpaid interest thereon, shall become due and payable on the date that is ten years after the Closing Date.

COMMITMENTS TO MAKE BRIDGE LOANS. In reliance upon the representations and warranties of the Borrower and each Guarantor set forth herein and subject to the terms and conditions herein set forth, each of the Lenders severally agrees to make a Bridge Loan to the Borrower on the Closing Date in the amount of such Lender's Commitment. The proceeds of each Bridge Loan shall be disbursed by wire transfer prior to 4:00 p.m. (Sydney time) on the Closing Date as provided in written instructions delivered by the Borrower to the Administrative Agent on the three Business Day Days prior to the Closing Date. The Administrative Agent shall give each Lender prompt notice by telephone or facsimile transmission of the Borrower's instructions with respect to each Bridge Loan. The Commitment of each Lender shall be reduced to zero immediately after the making of a Bridge Loan by such Lender on the Closing Date. Each Bridge Loan will mature on the Maturity Date. The unpaid principal balance of the Bridge Loans, together with all accrued and unpaid interest thereon, shall become due and payable on the Maturity Date unless the Conversion Date occurs, in which case the unpaid principal balance of the Term Loans, together with all accrued and unpaid interest thereon, shall become due and payable on the date that is ten years after the Closing Date.