Common use of Commitment to Make Revolving Loans Clause in Contracts

Commitment to Make Revolving Loans. Subject to all of the terms and conditions of this Agreement (including the conditions set forth in Sections 6.1 and 6.2) and in reliance upon the representations and warranties of the Borrower herein set forth, each Lender hereby severally agrees to make Revolving Loans to the Borrower from time to time during the Commitment Period, for the purposes identified in Section 2.10; provided, however, that in no event shall: (a) the aggregate principal amount of Revolving Loans made by any Lender outstanding at any time exceed such Lender's Revolving Credit Commitment, or (b) the aggregate principal amount of Loans outstanding at any time exceed the Revolving Credit Commitments. Each Lender's Revolving Credit Commitment shall expire on the Commitment Period Expiration Date, and all Revolving Loans shall be paid in full no later than the Maturity Date.

Appears in 2 contracts

Sources: Credit Agreement (America Service Group Inc /De), Credit Agreement (America Service Group Inc /De)