Common use of Aleris Incremental Term Loan Commitments and Incremental Facility Commitment Fees Clause in Contracts

Aleris Incremental Term Loan Commitments and Incremental Facility Commitment Fees. To the extent that the Aleris Incremental Term Loan Commitments have not been terminated pursuant to Section 2.07, for each Aleris Incremental Term Lender, such Lender’s Aleris Incremental Term Loan Commitment shall terminate upon such Aleris Incremental Term Lender funding the full amount of its Aleris Incremental Term Loans (as such funded amount may be reduced, at the option of the Designated Company as provided in the Borrowing Request, to the extent that some or all of the fees payable pursuant to the Fee Letters are paid by netting the fees payable to the applicable Aleris Incremental Term Lender against the amount of the Aleris Incremental Term Loans required to be funded by such Aleris Incremental Term Lender) to the Escrow Account pursuant to the applicable Borrowing Request. The Incremental Facility Commitment Fees (as defined in the Aleris Fee Letter) shall be payable in accordance with the terms of the Aleris Fee Letter, and such commitment fees shall not be netted from the amounts funded by the Aleris Incremental Term Lenders into the Escrow Account.

Appears in 3 contracts

Samples: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)

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Aleris Incremental Term Loan Commitments and Incremental Facility Commitment Fees. To the extent that the Aleris Incremental Term Loan Commitments have not been terminated pursuant to Section 2.07, for each Aleris Incremental Term Lender, such Lender’s Aleris Incremental Term Loan Commitment shall terminate upon such Aleris Incremental Term Lender funding the full amount of its Aleris Incremental Term Loans (as such funded amount may be reduced, at the option of the Designated Company as provided in the Borrowing Request, to the extent that some or all of the fees payable pursuant to the Fee Letters are paid by netting the fees payable to the applicable Aleris Incremental Term Lender against the amount of the Aleris Incremental Term Loans required to be funded by such Aleris Incremental Term Lender) to the Escrow Account pursuant to the applicable Borrowing Request. The Incremental Facility Commitment Fees (as defined in the Aleris Fee Letter) shall be payable in accordance with the terms of the Aleris Fee Letter, and such commitment fees shall not be netted from the amounts funded by the Aleris Incremental Term Lenders into the Escrow Account.. 138 0000000.03B-CHISR01A1209777.02-CHISR02A - MSW

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

Aleris Incremental Term Loan Commitments and Incremental Facility Commitment Fees. To the extent that the Aleris Incremental Term Loan Commitments have not been terminated pursuant to Section 2.07, for each Aleris Incremental Term Lender, such Lender’s Aleris Incremental Term Loan Commitment shall terminate upon such Aleris Incremental Term Lender funding the full amount of its Aleris Incremental Term Loans (as such funded amount may be reduced, at the option of the Designated Company as provided in the Borrowing Request, to the extent that some or all of the fees payable pursuant to the Fee 1234400.03-CHISR02A - MSW Letters are paid by netting the fees payable to the applicable Aleris Incremental Term Lender against the amount of the Aleris Incremental Term Loans required to be funded by such Aleris Incremental Term Lender) to the Escrow Account pursuant to the applicable Borrowing Request. The Incremental Facility Commitment Fees (as defined in the Aleris Fee Letter) shall be payable in accordance with the terms of the Aleris Fee Letter, and such commitment fees shall not be netted from the amounts funded by the Aleris Incremental Term Lenders into the Escrow Account.

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

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Aleris Incremental Term Loan Commitments and Incremental Facility Commitment Fees. To the extent that the Aleris Incremental Term Loan Commitments have not been terminated pursuant to Section 2.07, for each Aleris Incremental Term Lender, such Lender’s Aleris Incremental Term Loan Commitment shall terminate upon such Aleris Incremental Term Lender funding the full amount of its Aleris Incremental Term Loans (as such funded amount may be reduced, at the option of the Designated Company as provided in the Borrowing Request, to the extent that some or all of the fees payable pursuant to the Fee Letters 1160381.015-CHISR02A - MSW are paid by netting the fees payable to the applicable Aleris Incremental Term Lender against the amount of the Aleris Incremental Term Loans required to be funded by such Aleris Incremental Term Lender) to the Escrow Account pursuant to the applicable Borrowing Request. The Incremental Facility Commitment Fees (as defined in the Aleris Fee Letter) shall be payable in accordance with the terms of the Aleris Fee Letter, and such commitment fees shall not be netted from the amounts funded by the Aleris Incremental Term Lenders into the Escrow Account.

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

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