Common use of Loan Commitment; Interest Clause in Contracts

Loan Commitment; Interest. (a) Notwithstanding anything to the contrary in paragraph 1 of Form 33R, the Lender shall make revolving credit loans to the Broker/Dealer from time to time between the effective date hereof and the Revolving Loan Borrowing Termination Date, and in such amounts as the Broker/Dealer may from time to time request, provided, however, that the aggregate principal balance of all such advances outstanding at any time shall not exceed the Loan Commitment. Revolving Loans made by the Lender may be repaid and, subject to the terms and conditions of the Loan Agreement, borrowed again up to, but not including the Revolving Loan Borrowing Termination Date, subject to the applicable provisions of this Loan Agreement. Each advance of a Revolving Loan hereunder shall have a maturity date of at least twelve months from the date of each such advance, unless prepaid pursuant to the permissive prepayment provisions of this Loan Agreement, provided that no maturity date of any advance of a Revolving Loan hereunder shall be later than the Revolving Loan Maturity Date.

Loan Commitment; Interest. (a) Notwithstanding anything to the contrary in paragraph 1 of Form 33R, the The Lender shall make revolving credit loans to the Broker/Dealer from time to time between the effective date hereof and the Revolving Loan Borrowing Termination Date, and in such amounts as the Broker/Dealer may from time to time request, provided, however, that the aggregate principal balance of all such advances outstanding at any time shall not exceed the Loan Commitment. Revolving Loans made by the Lender may be repaid and, subject to the terms and conditions of the Loan Agreement, borrowed again up to, but not including the Revolving Loan Borrowing Termination Date, subject to the applicable provisions of this Loan Agreement. Each advance of a Revolving Loan hereunder shall have a maturity date of at least twelve months from the date of each such advance, unless prepaid pursuant to the permissive prepayment provisions of this Loan Agreement, provided that no maturity date of any advance of a Revolving Loan hereunder shall be later than the Revolving Loan Maturity Date.