The Term Loan Borrowings. (i) Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make to the Initial Borrower Term Loans denominated in Dollars, on any Business Day during the applicable Additional Facility Availability Period, in an aggregate amount not to exceed (1) for any such Term Lender, the Term Commitment of such Term Lender as of the date of such Borrowing (immediately prior to giving effect thereto) and (2) in the aggregate, the Total Additional Facility Commitment as of the date of such Borrowing (immediately prior to giving effect thereto), each such Term Loan to be funded by each such Term Lender on a pro rata basis, in accordance with the percentage of the Total Additional Facility Commitment represented by its Term Commitment.
The Term Loan Borrowings. Subject to the terms and conditions set forth herein, each Term Loan Lender made a single term loan in U.S. Dollars to the Borrower on the Original Closing Date (each such loan, a “Term Loan” and all such loans together, the “Term Loan” or the “Term Loans” as the context may require), and, the Outstanding Amount of such Term Loans under the Existing Credit Agreement immediately prior to the occurrence of the Closing Date shall continue outstanding upon the occurrence of the Closing Date without any novation in an amount equal to such Term Loan Lender’s Term Loan Commitment, and upon the occurrence of the Closing Date and continuation of such Term Loans, the Term Loan Commitment of such Term Loan Lender shall be automatically terminated. The Term Loan Borrowing consists of Term Loans (x) outstanding immediately prior to the occurrence of the Closing Date and (y) made simultaneously by the Term Loan Lenders on the Original Closing Date in accordance with their respective Term Loan Commitments. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Term SOFR Loans as further provided herein. The Borrower promises to pay to the Global Agent or the U.S. Agent, as applicable, for the account of the Term Loan Lenders, in accordance with their respective Applicable Percentages, all amounts due under the Term Loan on the Maturity Date applicable to the Term Loan or such earlier date as is required hereunder. 45
The Term Loan Borrowings. If the Borrower requests a Term Loan pursuant to Section 2.14, subject to the terms and conditions set forth herein, each Term Loan Lender severally agrees to make a Term Loan on the applicable Effective Date not to exceed such Term Loan Lender's Applicable Percentage of the Term Loan requested by the Borrower. Amounts borrowed under this Section 2.15 and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar Rate Loans, as provided herein.
The Term Loan Borrowings. Subject to the terms and conditions set forth herein, (i) each Term A Lender severally agrees to make to Dollarama on the Closing Date a single loan denominated in Canadian Dollars (each, a “Term A Loan” and, collectively, the “Term A Loans”) in an amount equal to such Term A Lender’s Term A Commitment and (ii) each Term B Lender severally agrees to make to Dollarama on the Closing Date a single loan denominated in U.S. Dollars (each, a “Term B Loan” and, collectively, the “Term B Loans”, and together with the Term A Loans, each a “Term Loan” and collectively, the “Term Loans”) in an amount equal to such Term B Lender’s Term B Commitment. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term A Loans may be BA Rate Loans or Canadian Prime Rate Loans and Term B Loans may be Eurodollar Rate Loans or U.S. Base Rate Loans.
The Term Loan Borrowings. Subject to the terms and conditions set forth herein, (i) each Term A Lender severally made to Dollarama on the Closing Date a single loan denominated in Canadian Dollars (each, a “Term A Loan” and, collectively, the “Term A Loans”) in an amount equal to such Term A Lender’s Term A Commitment, (ii) each Original Term B Lender severally made to Dollarama on the Closing Date a single loan denominated in U.S. Dollars (each, a “Original Term B Loan” and, collectively, the “Original Term B Loans”) in an amount equal to such Original Term B Lender’s Original Term B Commitment, (iii) each Additional Term B Lender severally made to Dollarama on the Additional Term B Closing Date a single loan denominated in U.S. Dollars (each, an “Additional Term B Loan” and, collectively, the “Additional Term B Loans”) in an amount equal to such Additional Term B Lender’s Additional Term B Commitment and (iv) each Replacement Term B Lender severally agrees to make to Dollarama on the Replacement Term B Closing Date a single loan denominated in U.S. Dollars (each, a “Replacement Term B Loan” and, collectively, the “Replacement Term B Loans”) in an amount equal to such Replacement Term B Lender’s Replacement Term B Commitment. Upon each Replacement Term B Lender funding its Replacement Term B Loan, the proceeds thereof shall be applied to prepay the existing Original Term B Loans and the existing Additional Term B Loans in full on the Replacement Term B Closing Date. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term A Loans may be BA Rate Loans or Canadian Prime Rate Loans and Term B Loans may be Eurodollar Rate Loans or U.S. Base Rate Loans.
The Term Loan Borrowings. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make loans (each such loan, a “Term Loan”) to the Borrower in Dollars from time to time, on any Business Day during the Availability Period for the Term Loan Facility, in an aggregate amount not to exceed such Term Lender’s Term Loan Commitment; provided that after giving effect to the Term Loan Borrowing on the Closing Date, and during the Availability Period for the Term Loan Facility, the Borrower may borrow the remaining undrawn amount of the Term Loan Facility in an aggregate amount not to exceed the lesser of (A) the initial aggregate principal amount of the Term Loan Facility less the amount of the Term Loan Borrowing made on the Closing Date, and (B) $250,000,000 (it being understood that each Term Lender’s Term Loan Commitment in excess of such Lender’s Applicable Percentage thereof shall be terminated immediately after the Term Loan Borrowing on the Closing Date); provided that any Term Loan made after the Closing Date shall be drawn by the Borrower solely for the purpose of making Permitted Parent Equity Repurchases (and the related distributions by the Borrower and the other Guarantors to the Parent to accomplish such Permitted Parent Equity Repurchases) or repaying existing Indebtedness of the Parent and its Subsidiaries, or both. Notwithstanding the foregoing, and in accordance with the definition of “Availability Period”, if any portion of the Revolving Credit Facility is drawn on the Closing Date then no portion of the Term Loan Facility shall be available for drawing at any time after the Closing Date. Each Term Loan Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Loan Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may only be Eurocurrency Rate Loans, as further provided herein; provided that the Borrower may request that Term Loans made on the Closing Date bear interest at the Base Rate plus the Applicable Rate applicable to Base Rate Loans for a period of no more than two Business Days after the Closing Date, so long as the Borrower substantially simultaneously requests that all such Term Loans be converted to Eurocurrency Rate Loans on the day that is two Business Days after the Closing Date pursuant to a Committed Loan Notice delivered, along with a funding indemnity letter in accordanc...
The Term Loan Borrowings. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make up to two (2) term loans (each such loan, a “Committed Term Loan”) to the Borrower in Dollars from time to time, on any Business Day during the Availability Period for the Term Facility, in an aggregate amount not to exceed such Term Lender’s Applicable Percentage of the Term Facility. Each Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
