Common use of The Initial Loans Clause in Contracts

The Initial Loans. Subject to the terms and conditions set forth herein, the Lender agrees to make to the Borrower on the Closing Date loans denominated in Dollars in an aggregate amount not to exceed the amount of the Lender’s Initial Commitment. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed.

The Initial Loans. Subject to the terms and conditions set forth herein, the each Lender severally agrees to make to the Borrower on the Closing Date loans denominated in Dollars in an aggregate amount not to exceed the amount of the such Lender’s Initial Commitment. Amounts borrowed under this Section 2.01(a) 2.01 and repaid or prepaid may not be reborrowed. Initial Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.