Common use of Lenders’ Commitments Clause in Contracts

Lenders’ Commitments. (a) Subject to the terms and conditions of this Agreement, the Lenders agree to extend credit to the Borrower under the Facility from time to time provided that the aggregate principal amount of credit extended by each Lender under the Facility shall not at any time exceed the Individual Commitment of such Lender and further provided that the aggregate principal amount of credit outstanding under the Facility shall not at any time exceed the amount of the Credit Limit.

Appears in 4 contracts

Samples: Revolving Credit Facility (Gatos Silver, Inc.), Credit Agreement (Gatos Silver, Inc.), Credit Agreement (Gatos Silver, Inc.)

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