Common use of The Commitment Clause in Contracts

The Commitment. On the terms and conditions set forth in the MLA and this Promissory Note and Supplement, CoBank agrees to make loans (each, a “Loan”) to the Company from time to time during the period set forth below, in an aggregate principal amount not to exceed $15,000,000 (the "Commitment"). Under the Commitment, amounts borrowed and later repaid may not be reborrowed.

Appears in 2 contracts

Sources: Promissory Note, Promissory Note (Middlesex Water Co)

The Commitment. On the terms and conditions set forth in the MLA and this Promissory Note and Supplement, CoBank agrees to make loans (each, a “Loan”) to the Company from time to time during the period set forth below, below in an aggregate principal amount not to exceed $15,000,000 20,000,000 (the "Commitment"). Under the Commitment, amounts borrowed and later repaid may not be reborrowed.

Appears in 2 contracts

Sources: Promissory Note (Middlesex Water Co), Promissory Note (Middlesex Water Co)

The Commitment. On the terms and conditions set forth in the MLA and this Promissory Note and Supplement, CoBank agrees to make loans (each, each a “Loan”) to the Company from time to time during the period set forth below, below in an aggregate principal amount not to exceed $15,000,000 20,000,000 at any one time outstanding (the "Commitment"). Under Within the limits and during the term of the Commitment, amounts borrowed the Company may borrow, prepay and later repaid may not be reborrowedreborrow.

Appears in 2 contracts

Sources: Promissory Note and Supplement (Revolving Term Loan) (Middlesex Water Co), Promissory Note and Supplement (Revolving Term Loan) (Middlesex Water Co)

The Commitment. On the terms and conditions set forth in the MLA and this Promissory Note and Supplement, CoBank agrees to make loans (each, each a “Loan”) to the Company from time to time during the period set forth below, below in an aggregate principal amount not to exceed $15,000,000 10,000,000 at any one time outstanding (the "Commitment"). Under Within the limits and during the term of the Commitment, amounts borrowed the Company may borrow, prepay and later repaid may not be reborrowedreborrow.

Appears in 1 contract

Sources: Promissory Note (Middlesex Water Co)

The Commitment. On the terms and conditions set forth in the MLA and this Promissory Note and Supplement, CoBank agrees to make loans (each, each a “Loan”) to the Company from time to time during the period set forth below, below in an aggregate principal amount not to exceed $15,000,000 12,000,000 at any one time outstanding (the "Commitment"). Under Within the limits and during the term of the Commitment, amounts borrowed the Company may borrow, prepay and later repaid may not be reborrowedreborrow.

Appears in 1 contract

Sources: Promissory Note and Supplement (Middlesex Water Co)

The Commitment. On the terms and conditions set forth in the MLA and this Promissory Note and Supplement, CoBank agrees to make loans (each, a the LoanLoans”) to the Company from time to time during the period set forth below, in an aggregate principal amount not to exceed $15,000,000 4,500,000 (the "Commitment"). Under the Commitment, amounts borrowed and later repaid may not be reborrowed.

Appears in 1 contract

Sources: Master Loan Agreement (Artesian Resources Corp)

The Commitment. On the terms and subject to the conditions set forth in the MLA and this Promissory Note and Supplement, CoBank agrees to make loans (each, a the LoanLoans”) to the Company from time to time during the period set forth below, below in an aggregate principal amount not to exceed $15,000,000 1,500,000 at any one time outstanding (the "Commitment"). Under During the term and within the limits of the Commitment, amounts borrowed the Company may borrow, prepay and later repaid may not be reborrowedreborrow.

Appears in 1 contract

Sources: Promissory Note (Pennichuck Corp)

The Commitment. On the terms and conditions set forth in the MLA and this Promissory Note and Supplement, CoBank agrees to make loans (each, each a “Loan”) to the Company from time to time during the period set forth below, below in an aggregate principal amount not to exceed $15,000,000 (the "Commitment"). Under the Commitment, amounts borrowed and later repaid may not be reborrowed.

Appears in 1 contract

Sources: Promissory Note (Middlesex Water Co)

The Commitment. On the terms and conditions set forth in the MLA and this Promissory Note and Supplement, CoBank agrees to make loans (each, a the LoanLoans”) to the Company from time to time during the period set forth below, in an aggregate principal amount not to exceed $15,000,000 7,500,000 (the "Commitment"). Under the Commitment, amounts borrowed and later repaid may not be reborrowed.

Appears in 1 contract

Sources: Master Loan Agreement (Artesian Resources Corp)