The Term Facility. The Lenders, individually, and not solidarily (and not jointly and severally), agree to make available to SNC a term facility (the “Term Facility”). The Term Facility is comprised of three tranches: Term Loan 1 which is in an amount of £75,000,000, Term Loan 2 which is in an amount of £75,000,000 and Term Loan 3 which is in an amount of £150,000,000. On the date hereof, the Commitment of each Lender under the Term Facility and each tranche thereof is as specified opposite its name in Schedule B and on the signature pages of this Agreement and the collective Commitments of the Lenders with respect to the Term Facility aggregate to £300,000,000.
The Term Facility. Subject to and upon the terms and conditions herein set forth, each Lender having a Term Loan Commitment severally agrees to make a loan or loans denominated in Dollars (each, a “Term Loan”) to the Borrower on the Closing Date, which Term Loans shall not exceed for any such Lender the Term Loan Commitment of such Lender and in the aggregate shall not exceed $525,000,000. Such Term Loans (i) may at the option of the Borrower be incurred and maintained as, and/or converted into, Base Rate Loans or Eurodollar Loans; provided that all Term Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term Loans of the same Type, and (ii) may be repaid or prepaid (without premium or penalty) in accordance with the provisions hereof, but once repaid or prepaid, may not be reborrowed.
The Term Facility. The Term Lenders, individually, and not solidarily (and not jointly and severally), agree to make available to Cascades US a non-revolving term facility (the “Term Facility”) in an aggregate maximum amount at any time not exceeding the total of the Commitments under the Term Facility in effect at such time. As of the date hereof, the Commitment of each Term Lender under the Term Facility is as specified opposite its name on the signature pages of this Agreement and the collective Commitments of the Term Lenders with respect to the Term Facility aggregate to US$175,000,000.
The Term Facility. Subject to the terms of this Agreement, the Term Facility Lenders agree to make available to the Borrower a US dollar term loan facility in an aggregate amount of up to the Total Term Facility Commitments.
The Term Facility. Subject to the terms of this Agreement, the Lenders make available to the Borrowers a term loan facility in an aggregate amount equal to the Term Facility.
The Term Facility. The $1 million Term Loan outstanding under the Existing Credit Agreement shall continue to be outstanding hereunder. As of the Closing Date, Bank of America is the only Term Lender. Any repayment of the Term Loan is subject to the conditions in Section 2.03. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
The Term Facility. The Lenders hereby establish in favour of the Borrowers the Term Facility which shall be available as a revolving reducing term facility up to the Maturity Date, as follows:
The Term Facility. 2.01 The Term Facility.
(a) [Reserved].
(b) Each Lender will make a term loan (each a “Loan”) to the Borrower on the Effective Date in the amount of such Lender’s Commitment. Amounts repaid with respect to Loans may not be reborrowed.
The Term Facility. The Lenders severally (and not jointly or jointly and severally) agree to make available to the Borrower a non-revolving term facility (“Term Facility”) in a principal amount not to exceed their respective Commitment set out in Schedule “A” hereto. As at the date of this Agreement, the collective Commitments of the Lenders with respect to the Term Facility aggregate to $60,000,000.
The Term Facility. Each Bank severally agrees, on the terms and conditions hereinafter set forth, to make a term loan (each a "Term Loan" and collectively the "Term Loans") to the Borrower in a single advance on the Effective Date in an amount not to exceed such Bank's Term Commitment. Base Rate Term Loans shall be in an aggregate minimum amount of $1,000,000 and an integral multiple of $100,000. Eurodollar Rate Term Loans shall be in an aggregate minimum amount of $2,000,000 and an integral multiple of $500,000. Any portion of the Term Facility not borrowed on the Effective Date shall be automatically canceled and the Term Commitment of each Bank reduced accordingly. Any amount of the Term Loans repaid may not be reborrowed.
