Common use of Making of the Advances Clause in Contracts

Making of the Advances. Each of the Lenders, relying upon each of the representations and warranties set out in Section 8, hereby severally, and not jointly, agrees with the Borrower that, subject to and upon the terms of this Agreement, it will on each Drawdown Date make its ratable portion of the relevant Advance available through the Facility Agent, to the Borrower in an amount not to exceed its Commitment.