Common use of Backstop Loan Commitment Clause in Contracts

Backstop Loan Commitment. Subject to the terms and conditions set forth herein and in the Term Sheet, JPM commits to lend (the "Backstop Loan Commitment") up to the JPM Commitment Amount pursuant to a loan agreement governing the New Loan (the "New Loan Agreement"), the other agreements or instruments executed or delivered in connection therewith and such other documentation necessary, expedient or proper to effectuate the funding of the New Loan (all of the foregoing, together with the New Loan Agreement, the "New Loan Documentation"), in each case, on terms as provided for in the Term Sheet or otherwise in form and substance reasonably satisfactory to JPM and Tembec, it being understood that there shall be no additional conditions aside from (a) those set forth in the Term Sheet and (b) customary conditions mutually agreed to by JPM and Tembec.

Backstop Loan Commitment. Subject to the terms and conditions set forth herein and in the Term Sheet, JPM JPMSI commits to lend or cause an affiliate to lend (the "Backstop Loan Commitment") up to the JPM JPMSI Commitment Amount as set forth in Section 1(b) below, pursuant to a loan agreement governing the New Loan (the "New Loan Agreement"), the other agreements or instruments executed or delivered in connection therewith and such other documentation necessary, expedient or proper to effectuate the funding of the New Loan (all of the foregoing, together with the New Loan Agreement, the "New Loan Documentation"), in each case, on terms as provided for in the Term Sheet or otherwise in form and substance reasonably satisfactory to JPM JPMSI and Tembec, it being understood that there shall be no additional conditions aside from (a) those set forth in the Term Sheet and (b) customary conditions mutually agreed to by JPM JPMSI and Tembec.