Common use of Facility No Clause in Contracts

Facility No. 3 is not a revolving line of credit. That is, each advance obtained under Facility No. 3 shall reduce, dollar-for-dollar, the Facility No. 3 Commitment, regardless if and when such advance is made or repaid; that is, an advance made in the first year shall reduce the Facility No. 3 commitment dollar-for-dollar in such year and in all subsequent years;