Commitments to Make Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Loans to the Borrower from time to time before the Final Maturity Date; provided that, immediately after each such Loan is made, the aggregate outstanding principal amount of Loans by such Bank shall not exceed the amount of its Commitment, provided further that the aggregate principal amount of all Loans, at any one time outstanding shall not exceed the aggregate amount of the Commitments of all of the Banks at such time. Each Borrowing under this Section shall be in an aggregate principal amount of $5,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount of the Unused Commitments, if any) and shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.10, prepay Loans under this Section at any time before the Final Maturity Date; provided, however, (i) except for the initial Borrowing and the Final Drawdown, the proceeds of any Borrowing shall be used exclusively for the purpose of repaying Loans maturing on the date of such Borrowing and for no other purpose; (ii) the ability to reborrow may be limited by the provisions of Section 2.08(c) hereof; (iii) each Borrowing shall be made from the several Banks ratably in proportion to their respective Commitments; and (iv) the Final Drawdown shall be made, if at all, on or before December 2, 1996.
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Commitments to Make Loans. Each Bank severally agrees, on the terms and conditions set forth herein, to make Syndicated Loans in Dollars or in one or more Alternative Currencies, as applicable, to the Borrower from time to time before the Final Maturity Termination Date; provided that, immediately after each such Syndicated Loan is made, (i) the aggregate outstanding principal amount Outstanding Amount of Syndicated Loans by such Bank plus such Bank's pro rata share (based upon its percentage of Total Commitments) of the Dollar Equivalent amount of Letter of Credit Obligations shall not exceed the amount of its Commitment, provided further that (ii) the aggregate principal amount of all Loans, at any one time outstanding Total Outstandings shall not exceed the aggregate amount of the Commitments of all of the Banks at such time, and (iii) the Outstanding Amount of all Syndicated Loans, Money Market Loans and Letters of Credit Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Each The Dollar Equivalent of each Eurocurrency Borrowing under this Section 2.01 shall be in an aggregate principal amount of $5,000,000 or any larger multiple of $1,000,000 and each Base Rate Borrowing under this Section 2.01 shall be in an aggregate principal amount of $5,000,000 or any larger multiple of $500,000 (except that any such Syndicated Borrowing may be in the aggregate amount of the Total Unused Commitments, if any) and each Syndicated Borrowing shall be made from the several Banks ratably in proportion to their respective Commitments. Within the foregoing limits, the Borrower may borrow under this SectionSection 2.01, repay or, to the extent permitted by Section 2.102.11, prepay Syndicated Loans and reborrow under this Section 2.01 at any time before the Final Maturity Termination Date; provided, however, (i) except for the initial Borrowing and the Final Drawdown, the proceeds of any Borrowing shall be used exclusively for the purpose of repaying Loans maturing on the date of such Borrowing and for no other purpose; (ii) the ability to reborrow may be limited by the provisions of Section 2.08(c) hereof; (iii) each Borrowing shall be made from the several Banks ratably in proportion to their respective Commitments; and (iv) the Final Drawdown shall be made, if at all, on or before December 2, 1996.
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