Common use of Failure to Borrow Clause in Contracts

Failure to Borrow. If the Borrower shall fail or refuse to borrow on the date and in the manner set forth in a Request for Advance under subsection (i) above, or if the Borrower shall fail to repay any Advance on the date identified in writing by the Borrower in the manner set forth under subsection (ii) above, the Borrower shall pay the Lenders' losses and reasonable out-of-pocket expenses in the manner and to the extent set forth in Section 2.10 of this Agreement.

Failure to Borrow. If the Borrower shall fail or refuse to borrow on the date and in the manner set forth in a Request for Advance under subsection (i) above, or if the Borrower shall fail to repay any Advance on the date identified in writing by the Borrower in the manner set forth under subsection (ii) above, the Borrower shall pay the Lenders' Lender's losses and reasonable out-of-pocket expenses in the manner and to the extent set forth in Section 2.10 of this Agreement.