Common use of Lender’s Commitment Clause in Contracts

Lender’s Commitment. 3.1.1 Subject to Clause 3.5 below, the Lender agrees to make available to the Borrower the Total Loan Facility under the terms of this Loan Agreement, to be drawn down as set out in the Loan Facility Terms and in accordance with Clause 3.2. 3.1.2 The Lender shall make each Tranche available up to the applicable Tranche Expiry Date, but shall not be under any commitment to advance any Tranche or any part thereof after the applicable Tranche Expiry Date or upon the earlier termination of the Loan Facility in accordance with Clause 3.4 or on any dates other than those specified in the Loan Facility Terms. [***] Certain information has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to omitted portions. 3.1.3 The unutilised portion (if any) of the Loan Facility in relation to each Tranche shall be cancelled after the expiry of the applicable Tranche Expiry Date , whereupon the Total Loan Facility shall be reduced accordingly. 3.1.4 In granting the Loan Facility the Lender is relying on the representations and warranties contained in Clause 7. 3.1.5 Each Drawdown made under the Loan Facility shall be secured by the Security Documents.

Lender’s Commitment. 3.1.1 Subject to Clause 3.5 below, the Lender shall and agrees hereby to make available to the Borrower a loan facility of up to the Total Loan Facility under the terms of this Loan Agreement, to be drawn down as set out in the Loan Facility Terms and in accordance with Clause 3.23.2 before the Expiry Date of the Loan Facility. The Borrower shall not be under any commitment or obligation to drawn down or borrow any amount of loan from the Lenders under this Loan Agreement or otherwise. 3.1.2 The Lender shall make each Tranche available up to the applicable Tranche Expiry Date, but shall not be under any commitment to advance any Tranche or any part thereof after the applicable Tranche Expiry Date or upon the earlier termination of the Loan Facility in accordance with Clause 3.4 or on any dates other than those specified in the Loan Facility Terms. [***] Certain information has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to omitted portions3.4. 3.1.3 The unutilised unutilized portion (if any) of the Loan Facility in relation to each Tranche shall be cancelled after the expiry of the applicable Tranche Expiry Date Date, whereupon the Total Loan Facility available for Drawdown shall be reduced accordingly. 3.1.4 In granting the Loan Facility the Lender is relying on the representations and warranties contained in Clause 7. 3.1.5 Each Drawdown made under the Loan Facility shall be secured by the Security Documents.