The Loan Commitment. On the terms and conditions set forth in the MLA and this First Supplement, CoBank agrees to make a loan to the Borrowers (the "Loan"), by means of one or more advances in an amount not to exceed $40,000,000 (the "Commitment"). All of the Borrowers shall be jointly and severally liable for the Loan, however incurred. References to the Borrowers with respect to the Loan or any portion thereof shall mean each Borrower on a joint and several basis. Under the Commitment, amounts borrowed and later repaid may not be reborrowed. The Commitment shall expire at 12:00 noon Eastern time on June 29, 2002, or on such later date as CoBank may, in its sole discretion, authorize in writing (the "Termination Date").
Appears in 2 contracts
Sources: Master Loan Agreement (Knology Inc), First Supplement to the Master Loan Agreement (Knology Inc)