Syndicated Facility. Claims On the Effective Date, each holder of an allowed claim arising under the Prepetition Syndicated Credit Agreement (“Syndicated Facility Claims”) will receive: (A) if a Sale Transaction is consummated, such holder’s pro rata share of (x) Distributable Sale Proceeds (after payment in full of any Priming Facility Claims), until the Syndicated Facility Claims have been paid in full, and (y) any Non-Cash Consideration provided for under a Plan Sponsorship Proposal; or (B) if a Restructuring Transaction is consummated, such holder’s pro rata share of (i) Partial Sale Proceeds, if any, remaining after the DIP Facility Claims and Priming Facility Claims have been paid in full and (ii) 100% of the Reorganized AAC Equity Interests (as defined below), subject to dilution by the New Warrants and the Management Incentive Plan.
Syndicated Facility. Subject to the provisions of this Agreement, the Borrower may obtain Syndicated Accommodations from each Syndicated Lender pursuant to the Syndicated Facility up to the Syndicated Facility Commitment of such Syndicated Lender by:
Syndicated Facility. (i) During the Revolving Period, the Borrower may borrow, repay and re-borrow Advances under the Syndicated Facility, subject to Sections 3.1(a) and 5.7.
(ii) With respect to the Term Lenders under the Syndicated Facility the Aggregate Principal Amount of the Syndicated Facility on the Term Conversion Date applicable to such Term Lenders will be repayable by the Borrower in one balloon principal payment, together with all accrued and unpaid interest and fees thereon, and all other Obligations owing to such Term Lenders under the Syndicated Facility, on the Syndicated Facility Termination Date applicable to such Term Lenders.
Syndicated Facility. Subject to Section 3.2, the undrawn portion of any Non-Agreeing Lender Commitment Amount in respect of the Syndicated Facility will be automatically cancelled at 5:01 p.m. (Toronto time) on the Term Conversion Date applicable to such Non-Agreeing Lender. Effective at such time, the Syndicated Facility will, with respect to a Non-Agreeing Lender, cease to be a revolving type facility and the Aggregate Principal Amount of the Syndicated Facility then applicable to such Non-Agreeing Lender, unless unconditionally and irrevocably repaid or cash collateralized in accordance with Section 3.2(b)(v)(A), will become a one year non-revolving term loan in an equivalent principal amount.
Syndicated Facility. The Syndicated Facility Lenders hereby establish the Syndicated Facility in favour of the Borrower as an extendible revolving credit facility. Accommodations under the Syndicated Facility may be drawn down by the Borrower in accordance with Section 3.4(a) in Canadian Dollars, or the Canadian Dollar Exchange Equivalent thereof in U.S. Dollars, or any combination thereof, to a maximum of the Syndicated Facility Commitment Amount. The Individual Syndicated Facility Commitment Amount of each of the Syndicated Facility Lenders is set out in Schedule B.
Syndicated Facility the Equivalent Amount in U.S. Dollars of the Syndicated Borrowings exceed the Total Syndicated Facility Commitment (and no Syndicated Lender shall have any obligation to make any Syndicated Accommodations available at any time if, after giving effect thereto, the Equivalent Amount in U.S. Dollars of Syndicated Borrowings from such Syndicated Lender would exceed the Syndicated Facility Commitment of such Syndicated Lender); and
Syndicated Facility. Borrowings under the Syndicated Facility shall be used to repay all Debt arising under the Existing ATB Commitment Letter and thereafter for general corporate purposes of the Loan Parties relating to the Loan Parties' Business in Canada in accordance with the Sources and Uses; and
Syndicated Facility. The Borrower may from time to time obtain Advances under the Syndicated Facility (unless otherwise indicated) by way of:
(i) Canadian Prime Rate Loans, in principal amounts of not less than Cdn. $1,000,000 and in multiples of Cdn. $50,000 for any amounts in excess thereof;
(ii) U.S. Base Rate Loans, in principal amounts of not less than U.S. $1,000,000 and in multiples of U.S. $50,000 for any amounts in excess thereof;
(iii) Bankers' Acceptances, in principal amounts of not less than Cdn. $1,000,000 and in multiples of Cdn. $100,000 for any amounts in excess thereof; and
(iv) SOFR Loans, in principal amounts of not less than U.S. $1,000,000 and in multiples of U.S. $100,000 for any amounts in excess thereof; and
Syndicated Facility a copy of the Syndicated Facility Waiver certified as at the Closing Date to be a true and complete copy of the original by a Director.
Syndicated Facility. Subject to the terms and conditions hereof and effective on the Amendment and Restatement Date, the Lenders hereby establish the Syndicated Facility in favour of the Borrower. Accommodations under the Syndicated Facility may be drawn down by the Borrower during the Revolving Period in Canadian Dollars or the Canadian Dollar Exchange Equivalent thereof in U.S. Dollars, or any combination thereof, to a maximum of the Syndicated Facility Commitment Amount. Each Lender’s initial Individual Syndicated Facility Commitment Amount is set out in Schedule B.
