Common use of Loan Facility Clause in Contracts

Loan Facility. Upon a request by the Borrower pursuant to Section 2.02, and on the terms and subject to the conditions hereinafter set forth, each Lender shall, ratably, in accordance with its respective Commitments, severally and not jointly, make Loans to the Borrower on a revolving basis from time to time during the period from the Closing Date to the Termination Date. Under no circumstances shall any Lender be obligated to make any such Loan if, after giving effect to such Loan: (a) the Aggregate Principal would exceed the Facility Limit at such time; (b) the aggregate outstanding Principal of such Lender would exceed its Commitment; or (c) the Aggregate Principal would exceed the Borrowing Base at such time.

Loan Facility. Upon a request by the Borrower pursuant to Section 2.02, and on the terms and subject to the conditions hereinafter set forth, each Lender the Lenders shall, ratably, ratably in accordance with its their respective Commitments, severally and not jointly, make Loans to the Borrower on a revolving basis from time to time during the period from the Closing Date to the Termination Date. Under no circumstances shall any Lender be obligated to make any such Loan if, after giving effect to such Loan: (ai) the Aggregate Principal Loan Amount would exceed the Facility Limit at such time; (bii) the aggregate outstanding Principal Loan Amount of such Lender would exceed its Commitment; or (ciii) the Aggregate Principal Loan Amount would exceed the Borrowing Base at such time.. 30

Loan Facility. Upon a request by the Borrower pursuant to Section 2.02, and on the terms and subject to the conditions hereinafter set forth, each Lender the Lenders shall, ratably, ratably in accordance with its their respective Commitments, severally and not jointly, make Loans to the Borrower on a revolving basis from time to time during the period from the Closing Date to the Termination Date. Under no circumstances shall any Lender be obligated to make any such Loan if, after giving effect to such Loan: : (ai) the Aggregate Principal Loan Amount would exceed the Facility Limit at such time; ; (bii) the aggregate outstanding Principal Loan Amount of such Lender would exceed its Commitment; or or (ciii) the Aggregate Principal Loan Amount would exceed the Borrowing Base at such time.

Loan Facility. Upon a request by the Borrower pursuant to Section 2.02, and on the terms and subject to the conditions hereinafter set forth, each Lender the Lenders shall, ratably, ratably in accordance with its their respective Commitments, severally and not jointly, make Loans to the Borrower on a revolving basis from time to time during the period from the Closing Date to the Termination Date. Under no circumstances shall any Lender be obligated to make any such Loan if, after giving effect to such Loan:: 1757322001 19631658 (ai) the Aggregate Principal Loan Amount would exceed the Facility Limit at such time; (bii) the aggregate outstanding Principal Loan Amount of such Lender would exceed its Commitment; or (ciii) the Aggregate Principal Loan Amount would exceed the Borrowing Base at such time.

Loan Facility. Upon a request by the Borrower pursuant to Section 2.02, and on the terms and subject to the conditions hereinafter set forth, each Lender the Lenders shall, ratably, ratably in accordance with its their respective Commitments, severally and not jointly, make Loans to the Borrower on a revolving basis from time to time during the period from the Closing Date to (but excluding) the Termination Date. Under no circumstances shall any Lender be obligated to make any such Loan if, after giving effect to such Loanthereto: (ai) the Aggregate Principal would exceed the Facility Limit at such time; (bii) the aggregate outstanding Principal of such Lender would exceed its Commitment; or (ciii) the Aggregate Principal would exceed the Borrowing Base at such time.