Common use of The Initial Advance Clause in Contracts

The Initial Advance. Subject to the terms and conditions set forth herein and in the Orders, each Lender severally agrees to make a loan to the Borrower on the Closing Date (such loan, the “Initial Advance”) in an amount equal to its Applicable Percentage of the lesser of (i) $30,000,000 and (ii) the amount authorized by the Bankruptcy Court in the Interim Order (such lesser amount, the “Initial Advance Amount”). Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed.

The Initial Advance. Subject to the terms and conditions set forth herein and in the OrdersFinancing Order, each Lender severally agrees to make a loan Term Loan to the Borrower on the Closing Date (such loan, the “Initial Advance”) in an amount equal to its Applicable Percentage Pro Rata Share of the lesser of (ix) $30,000,000 2,500,000 and (iiy) the amount authorized by the Bankruptcy Court in the Interim Order (such lesser amount, the “Initial Advance Amount”). Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed.; and