Common use of Commitment of the Lenders Clause in Contracts

Commitment of the Lenders. (a) Each Lender severally and not jointly with the other Lenders agrees, upon the terms and subject to the conditions herein set forth (including, without limitation, the provisions of Section 2.28), to make revolving credit loans (each a "LOAN" and collectively, the "LOANS") to the Borrower at any time and from time to time during the period commencing on the date hereof and ending on the Termination Date in an aggregate principal amount not to exceed, when added to such Lender's Commitment Percentage of the then aggregate Letter of Credit Outstandings, the Commitment of such Lender, which Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Loans PLUS the then aggregate Letter of Credit Outstandings exceed the lesser of (i) the Total Commitment of $125,000,000, as the same may be reduced from time to time pursuant to Sections 2.10 and 2.13 and (ii) the Borrowing Base. (b) Each Borrowing shall be made by the Lenders PRO RATA in accordance with their respective Commitments; PROVIDED, HOWEVER, that the failure of any Lender to make any Loan shall not in itself relieve the other Lenders of their obligations to lend.

Commitment of the Lenders. (a) Each Lender severally and not jointly with the other Lenders agrees, upon the terms and subject to the conditions herein set forth (including, without limitation, the provisions of Section 2.282.26), to make revolving credit loans (each a "LOANLoan" and collectively, the "LOANSLoans") in U.S. Dollars to the Borrower ---- ----- Borrowers at any time and from time to time during the period commencing on the date hereof and ending on the Termination Date (or the earlier date of termination of the Total Commitment) in an aggregate principal amount not to exceed, when added to such Lender's Commitment Percentage of the then aggregate Letter of Credit OutstandingsOutstandings (in excess of the amount of cash then held in the Letter of Credit Account pursuant to Section 2.3(b)), the Commitment of such Lender, which Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Loans PLUS Loans, plus the then aggregate Letter of Credit Outstandings Outstandings, exceed (i) prior to the expiration of the Initial Period, the Available Commitment, and (ii) from and after the expiration of the Initial Period, the lesser of (ix) the Total Commitment of $125,000,000, as the same may be reduced from time to time pursuant to Sections 2.10 and 2.13 and (iiy) the Borrowing Base. (b) Each Borrowing shall be made by the Lenders PRO RATA in accordance with their respective Commitments; PROVIDED, HOWEVER, that the failure of any Lender to make any Loan shall not in itself relieve the other Lenders of their obligations to lend.

Commitment of the Lenders. (a) Each Lender severally and not jointly with the other Lenders agrees, upon the terms and subject to the conditions herein set forth (including, without limitation, the provisions of Section 2.28), to make revolving credit loans (each a "LOANLoan" and collectively, the "LOANSLoans") to the Borrower at any time and from time to time during the period commencing on the date hereof and ending on the Termination Date in an aggregate principal amount not to exceed, when added to such Lender's Commitment Percentage of the then aggregate Letter of Credit OutstandingsOutstandings (in excess of the amount of cash then held in the Letter of Credit Account pursuant to Section 2.03(b)), the Commitment of such Lender, which Loans may be repaid and reborrowed in accordance with the provisions of this Agreement. At no time shall the sum of the then outstanding aggregate principal amount of the Loans PLUS plus the then aggregate Letter of Credit Outstandings exceed the lesser of (i) the Total Commitment of $125,000,00030,000,000, as the same may be reduced from time to time pursuant to Sections 2.10 and 2.13 and (ii) (x) prior to the execution and delivery of the Borrowing Base Amendment, $10,000,000 and (y) from and after the execution and delivery of the Borrowing Base Amendment, the Borrowing Base. (b) Each Borrowing shall be made by the Lenders PRO RATA in accordance with their respective Commitments; PROVIDED, HOWEVER, that the failure of any Lender to make any Loan shall not in itself relieve the other Lenders of their obligations to lend.