Common use of Initial Revolving Loans Clause in Contracts

Initial Revolving Loans. Subject to the terms and conditions set forth herein, each Initial Revolving Lender severally agrees to make Initial Revolving Loans to the Revolving Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount that will not result in such Initial Revolving Lender’s Initial Revolving Exposure exceeding such Initial Revolving Lender’s Initial Revolving Commitment or the Aggregate Initial Revolving Exposure exceeding the Aggregate Initial Revolving Commitment. Each borrowing of Initial Revolving Loans shall consist of Initial Revolving Loans made simultaneously by the Initial Revolving Lenders on the applicable borrowing date in accordance with their respective Percentage. The Initial Revolving Loans: (x) shall be denominated in Dollars and (y) shall bear interest in accordance with Section 2.06. Within the foregoing limits and subject to the terms and conditions set forth herein, the Revolving Borrowers may borrow, prepay and reborrow Initial Revolving Loans.