Common use of Commitment to Make Advances Clause in Contracts

Commitment to Make Advances. The Bank agrees, on the terms and conditions set forth herein, to make Advances to the Borrower from time to time before the Termination Date; provided that, immediately after each such Advance is made, the sum of (i) the aggregate outstanding principal amount of all Advances by the Bank; (ii) the outstanding principal amount of all Letter of Credit Advances, and (iii) the aggregate Undrawn Amounts shall not exceed the amount of its Commitment. Within the foregoing limits, the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.09, prepay all or any portion of the Loan and reborrow under this Section at any time before the Termination Date.

Appears in 2 contracts

Sources: Credit Agreement (Outback Steakhouse Inc), Credit Agreement (Outback Steakhouse Inc)