Common use of The Revolving Commitment Clause in Contracts

The Revolving Commitment. The Lender agrees, on the terms and conditions hereinafter set forth, to make loans (“Revolving Loans”) to the Borrower from time to time during the period from the date hereof to but excluding the Expiration Date in an aggregate amount not to exceed (i) the Revolving Commitment at such time less (ii) the aggregate principal amount of the outstanding Revolving Loans at such time; provided, that immediately after giving effect thereto, the Senior Debt Asset Coverage would not be less than 3.00:1.00. Within the foregoing limits, the Borrower may borrow, repay pursuant to Section 2.2 and reborrow under this Section.

The Revolving Commitment. The Lender agrees, on the terms and conditions hereinafter set forth, to make loans (“Revolving Loans”) to the Borrower from time to time during the period from the date hereof to but excluding the Expiration Date in an aggregate amount not to exceed (i) the Revolving Commitment at such time less (ii) the aggregate principal amount of the outstanding Revolving Loans at such time; provided, that immediately after giving effect thereto, the Senior Debt Asset Coverage would not be less than 3.00:1.00[ ]:[ ]. Within the foregoing limits, the Borrower may borrow, repay pursuant to Section 2.2 and reborrow under this Section.

The Revolving Commitment. The Lender agrees, on the terms and conditions hereinafter set forth, to make loans (“Revolving Loans”) to the Borrower from time to time during the period from the date hereof to but excluding the Expiration Date in an aggregate amount not to exceed (i) the Revolving Commitment at such time $10,000,000 less (ii) the aggregate principal amount of the outstanding Revolving Loans at such time; provided, that immediately after giving effect thereto, the Senior Debt Asset Coverage would not be less than 3.00:1.00. Within the foregoing limits, the Borrower may borrow, repay pursuant to Section 2.2 and reborrow under this Section.