The Term Loan 2 Commitment Sample Clauses

The Term Loan 2 Commitment. Each Lender agrees, on the terms and conditions hereinafter set forth, to make one or more loans (“Term Loan 2s”) to the Borrower during the Term Loan 2 Availability Period, in an aggregate amount not to exceed such Lender’s Term Loan 2 Commitment; provided that after giving effect to any Borrowing of Term Loan 2s, the total principal amount of all Term Loan 2s shall not exceed the lesser of (i) the total Term Loan 2 Commitment, and (ii) one hundred percent (100%) of the invoice amount of equipment purchased (including soft costs (i.e., freights, taxes and installation) of up to a maximum amount of $250,000 for all such equipment) for the Borrower’s U.S. operations during the period commencing April 1, 2016 and ending at the conclusion of the Term Loan 2 Availability Period. Once repaid, Term Loan 2s may not be reborrowed.