Common use of The Contract Advances Clause in Contracts

The Contract Advances. (a) Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make Contract Advances to the Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date in an aggregate amount not to exceed at any time outstanding the amount set opposite such Bank's name on Schedule I, as such amount may be reduced pursuant to Section 2.06 or increased pursuant to Section 2.17 or reduced or increased by Section 8.07 (such Bank's obligation to make such Contract Advances being hereinafter referred to as such Bank's "Commitment"); provided, however, that at no time shall the aggregate outstanding principal amount of Contract Advances (other than Term Advances) and Competitive Advances exceed the aggregate amount of the Commitments. Each Contract Borrowing shall be in an aggregate amount of not less than $10,000,000 (subject to the terms of this Section 2.01(a)) or an integral multiple of $5,000,000 in excess thereof and shall consist of Contract Advances of the same Type made on the same day by the Banks ratably accordingly to their respective Commitments.

The Contract Advances. (a) Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make Contract Advances to the Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date in an aggregate amount not to exceed at any time outstanding the amount set opposite such Bank's name on Schedule I, as such amount may be reduced pursuant to Section 2.06 or increased pursuant to Section 2.17 or reduced or increased by Section 8.07 (such Bank's obligation to make such Contract Advances being hereinafter referred to as such Bank's "Commitment"); provided, however, that at no time shall the aggregate outstanding principal amount of Contract Advances (other than Term Advances) and Competitive Advances exceed the aggregate amount of the Commitments. Each Contract Borrowing shall be in an aggregate amount of not less than $10,000,000 (subject to the terms of this Section 2.01(a)) or an integral multiple of $5,000,000 1,000,000 in excess thereof and shall consist of Contract Advances of the same Type made on the same day by the Banks ratably accordingly to their respective Commitments.

The Contract Advances. (a) Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make Contract Advances to the Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date in an aggregate amount not to exceed at any time outstanding the amount set opposite such Bank's name on Schedule I, as such amount may be reduced pursuant to Section 2.06 or increased pursuant to Section 2.17 2.16 or reduced or increased by Section 8.07 (such Bank's obligation to make such Contract Advances being hereinafter referred to as such Bank's "Commitment"); provided, however, that at no time shall the aggregate outstanding principal amount of Contract Advances (other than Term Advances) and Competitive Advances exceed the aggregate amount of the Commitments. Each Contract Borrowing shall be in an aggregate amount of not less than $10,000,000 (subject to the terms of this Section 2.01(a)) or an integral multiple of $5,000,000 in excess thereof and shall consist of Contract Advances of the same Type made on the same day by the Banks ratably accordingly to their respective Commitments.