Common use of Commitment of the Banks Clause in Contracts

Commitment of the Banks. Subject to the terms and conditions set forth in this Agreement, the Banks severally agree, in proportion to their respective Term Loan Commitments, to make Borrower a term loan in the aggregate original principal amount of Sixty Million Dollars ($60,000,000.00) (the "Term Loan"). The Term Loan shall be advanced by the Banks in two separate advances, the first of which shall have been made pursuant to the Prior Agreement and, after the $30,000,000.00 prepayment on the date hereof, is outstanding on the date hereof in the amount of $56,274,239.31; and the second advance which shall be in the principal amount of $3,725,760.69, which shall be made on October 1, 1996 pursuant to and subject to the terms of Section 10.1 (p) herein. The Term Loan may be either (a) a Base Rate Loan, (b) a LIBOR Loan or (c) any combination thereof, as determined by the Borrower and notified to the Agent in accordance with Section 6.1 herein, provided, however, that the amount of any Base Rate Loan shall not be less than $1,500,000.00 or multiples of $100,000.00 in excess thereof, and the amount of any LIBOR Loan shall not be less than $2,500,000.00 or multiples of $250,000.00 in excess thereof.

Commitment of the Banks. Subject to the terms and conditions set forth in this Agreement, the Banks severally agree, in proportion to their respective Term Loan Commitments, to make Borrower a term loan in the aggregate original principal amount of Sixty Forty-One Million Seven Hundred Ninety-Four Thousand Dollars ($60,000,000.0041,794,000.00) (the "Term Loan"). The Term Loan shall be advanced by the Banks in two separate advances, the first of which shall have been was made pursuant to the Prior Agreement andon February 28, after the $30,000,000.00 prepayment on the date hereof, 1996 and is outstanding on the date hereof in the amount of $56,274,239.3131,794,747.30; and the second advance which shall be in the principal amount of $3,725,760.699,999,252.70, which shall be made on October 1, 1996 pursuant to and subject to the terms of Section 10.1 (p) hereindate hereof. The Term Loan may be either (a) a Base Rate Loan, (b) a LIBOR Loan or (c) any combination thereof, as determined by the Borrower and notified to the Agent in accordance with Section 6.1 7.1 herein, provided, however, that the amount of any Base Rate Loan shall not be less than $1,500,000.00 1,000,000.00 or multiples of $100,000.00 in excess thereof, and the amount of any LIBOR Loan shall not be less than $2,500,000.00 1,000,000.00 or multiples of $250,000.00 100,000.00 in excess thereof, except that the foregoing $100,000.00 multiples shall not apply to the initial advance of $9,999,252.70 under the Term Loan on the date hereof.