Common use of Lending Commitment Clause in Contracts

Lending Commitment. The Lender hereby commits to lend _________________ dollars ($_________) to the Borrower (the “Commitment”). The Lender shall disburse funds under the Commitment upon receipt of a fully executed Convertible Subordinated Secured Promissory Note in the form attached hereto as Exhibit “A” (the “Note”) and a fully executed Security Agreement in the form attached hereto as Exhibit "B" (the "Security Agreement"), each of which forms a part hereof, provided such receipt occurs on or before September 30, 2011.

Lending Commitment. The Lender hereby commits to lend _____________ dollars ($_____ dollars ($_________) to the Borrower (the “Commitment”). The Lender shall disburse funds under the Commitment upon receipt of a fully executed Convertible Subordinated Secured Promissory Note in the form attached hereto as Exhibit “A” (the “Note”) and a fully executed Security Agreement in the form attached hereto as Exhibit "B" (the "Security Agreement"), each of which forms a part hereof, provided such receipt occurs on or before September 30August 31, 20112010.