Common use of Commitment of the Bank Clause in Contracts

Commitment of the Bank. The Bank agrees to extend a Revolving Loan to the Borrower in the principal amount of up to ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000) (the “Revolving Loan”). The Revolving Loan will be evidenced by the Note (as such term is defined below), and secured by the Pledge Agreement (as such term is defined below) in accordance with terms and subject to the conditions set forth in this Agreement, the Note and the Pledge Agreement.

Appears in 1 contract

Sources: Loan Agreement (Corus Bankshares Inc)

Commitment of the Bank. The Bank agrees to extend a Revolving Loan to the Borrower in the principal amount of up to ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,00050,000,000) (the “Revolving Loan”). The Revolving Loan will be evidenced by the Note (as such term is defined below), and secured by the Pledge Agreement (as such term is defined below) in accordance with terms and subject to the conditions set forth in this Agreement, the Note and the Pledge Agreement.

Appears in 1 contract

Sources: Loan Agreement (Corus Bankshares Inc)