U.S. Term Loan. Subject to the terms and conditions set forth herein, each U.S. Term Lender severally agrees to make a single loan to the Borrower (each such loan and each loan, if any, made under the Incremental U.S. Term Commitments, referred to individually as a “U.S. Term Loan” and, collectively, the “U.S. Term Loans”), in Dollars, on the Closing Date, in an aggregate amount equal to such U.S. Term Lender’s U.S. Term Commitment. In addition, in the event of the establishment of one or more Incremental U.S. Term Commitments as provided in Section 2.17, each Incremental U.S. Term Lender hereby severally agrees, on the terms and subject to the conditions of this Agreement, to make a single U.S. Term Loan to the Borrower on the effective date of the establishment of each such Incremental U.S. Term Commitment, in a principal amount equal to such Incremental U.S. Term Lender’s (i) increase to its U.S. Term Commitment or (ii) U.S. Term Commitment, as applicable. Each U.S. Term Borrowing shall consist of U.S. Term Loans made simultaneously by the U.S. Term Lenders. After giving effect to each U.S. Term Loan the Outstanding Amount of all U.S. Term Loans shall not exceed the U.S. Term Facility as then in effect. U.S. Term Borrowings prepaid or repaid, in whole or in part, may not be reborrowed. U.S. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein; provided, however, any U.S. Term Borrowing made on the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a Funding Indemnity Letter to the Administrative Agent not less than three (3) Business Days prior to the date of such U.S. Term Borrowing.
U.S. Term Loan. (1) Subject to the terms and conditions hereof, each Term Lender agrees to make a term loan in Dollars (collectively, the "US TERM LOAN") on the Closing Date to US Borrower in the amount of the applicable Term Lender's US Term Loan Commitment. The obligations of each Term Lender hereunder shall be several and not joint. The US Term Loan shall be evidenced by a promissory note substantially in the form of EXHIBIT 1.1(b)(i) (each a "US TERM NOTE" and, collectively, the "US TERM NOTES"), and, except as provided in SECTION 1.12, US Borrower shall execute and deliver the US Term Note to the applicable Term Lender. Each US Term Note shall represent the obligation of US Borrower to pay its share of the applicable Term Lender's US Term Loan Commitment, together with interest thereon as prescribed in SECTION 1.5.
(2) The US Borrower shall repay the US Term Loan in eleven (11) consecutive quarterly installments on the last day of January, April, July and October of each year, commencing April 30, 2003, as follows: The final installment due on November 14, 2005 shall be in the amount of $6,250,000 or, if different, the remaining principal balance of the US Term Loan.
(3) Notwithstanding SECTION 1.1(b)(i)(2), the aggregate outstanding principal balance of the US Term Loan shall be due and payable in full in immediately available funds on the Commitment Termination Date, if not sooner paid in full. No payment with respect to the US Term Loan may be reborrowed.
(4) Each payment of principal with respect to the US Term Loan shall be paid to Agent for the ratable benefit of each Term Lender making a US Term Loan, ratably in proportion to each such Term Lender's respective US Term Loan Commitment.
U.S. Term Loan. (i) Subject to the terms and conditions hereof, each Existing U.S. Term Lender agrees to make a term loan denominated in U.S. Dollars (collectively, the “Original U.S. Term Loan”) on the Closing Date to U.S. Borrower in the original principal amount of its Original U.S. Term Loan Commitment. The obligations of each U.S. Term Lender hereunder shall be several and not joint. The U.S. Term Loan may be evidenced by promissory notes substantially in the form of Exhibit 1.1(b)-1(i) (each a “U.S. Term Note” and collectively the “U.S. Term Notes”), and, except as provided in Section 1.9, if so requested by any Existing U.S. Term Lender by written notice to the U.S. Borrower (with a copy to Administrative Agent) at least two Business Days prior to the Closing Date, or at any time thereafter by any U.S. Term Lender, U.S. Borrower shall execute and deliver each U.S. Term Note to the applicable U.S. Term Lender. Each U.S. Term Note shall represent the obligation of U.S. Borrower to pay the amount of the applicable U.S. Term Lender’s applicable U.S. Term Loan Commitment, together with interest thereon as prescribed in Section 1.5.
(ii) U.S. Borrower shall repay the principal amount of the Original U.S. Term Loan in equal quarterly installments, each in an amount equal to 0.25% of the original principal amount of the Original U.S. Term Loan, on the first Business Day of January, April, July and October of each year, commencing April 2, 2007. The final installment due on the Original Term Loan Maturity Date shall be in the amount of the remaining principal balance of the Original U.S. Term Loan.
(iii) In addition, (x) the aggregate outstanding principal balance of the Original U.S. Term Loan shall be due and payable in full in immediately available funds on the Original Term Loan Maturity Date, if not sooner paid in full, (y) the aggregate outstanding principal balance of the Tranche A Extended U.S. Term Loan shall be due and payable in full in immediately available funds on the Tranche A Extended Term Loan Maturity Date, if not sooner paid in full and (z) the aggregate outstanding principal balance of all other U.S. Term Loans, if any, shall be due and payable in full in immediately available funds on the applicable Extended Term Loan Maturity Date set forth in the applicable Joinder Agreement or Extension Agreement, as applicable, if not sooner paid in full. No payment with respect to the U.S. Term Loan may be reborrowed.
(iv) Each payment of principal with respect to ...
U.S. Term Loan. U.S. Borrower may at any time on at least one (1) Business Day’s prior written notice to Administrative Agent voluntarily prepay all or part of the U.S. Term Loan without premium or penalty (other than as set forth in Section 1.3(a)(viii)); provided that any such prepayment shall be in a minimum amount of $1,000,000 and integral multiples of $500,000 in excess of such amount.
U.S. Term Loan. Subject to the terms and conditions hereof, each Lender, severally and for itself alone, agrees to lend to US Borrower, in a single disbursement in Dollars on the Effective Date an amount equal to such Lender’s Percentage of the US Term Loan.
U.S. Term Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “U.S. Term Loan”) to the Company in Dollars in a single Borrowing to occur on any Business Day during the U.S. Term Loan Availability Period in an amount not to exceed such Lender’s U.S. Term Loan Commitment. Amounts repaid on the U.S. Term Loan may not be reborrowed. The U.S. Term Loan may consist of Base Rate Loans or Eurocurrency Rate Loans, or a combination thereof, as further provided herein.
U.S. Term Loan. The Company shall repay the outstanding principal amount of the U.S. Term Loan in quarterly installments on the last Business Day of each March, June, September and December (commencing with the first such date occurring within the first full fiscal quarter following the date of the initial Borrowing of the U.S. Term Loan and in each case in an amount equal to 1.25% of the outstanding principal amount of the U.S. Term Loan with the remaining outstanding principal balance due and payable on the Maturity Date (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 9.02.
U.S. Term Loan. The U.S. Borrower shall repay to the Lender the aggregate principal amount of the U.S. Term Loan outstanding in installments, with each payment of the U.S. Term Facility to be due and payable on the last day of each Fiscal Quarter of the Borrowers (commending with the Fiscal Quarter ending January 31, 2018) and each such quarterly payment to be in the amount of $750,000 (which amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided, however, that (i) the final principal repayment installment of the U.S. Term Loan shall be repaid on the Maturity Date for the U.S. Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all U.S. Term Loans outstanding on such date and (ii) (A) if any principal repayment installment to be made by the U.S. Borrower (other than principal repayment installments on Eurocurrency Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (B) if any principal repayment installment to be made by the U.S. Borrower on a Eurocurrency Rate Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.
U.S. Term Loan. Subject to the terms and conditions set forth herein, each U.S. Term Lender severally agrees to make a single loan to the Borrower (each such loan and each loan, if any, made under the Incremental U.S. Term Commitments, referred to individually as a “U.S. Term Loan” and, collectively, the “U.S. Term Loans”), in Dollars, on the Closing Date, in an aggregate amount equal to such U.S. Term Lender’s U.S. Term
U.S. Term Loan. Subject to the terms and conditions hereof on the PPI Acquisition Date, the Lenders hereby establish the U.S. Term Loan in favour of the Borrower. The U.S. Term Loan is a non-revolving facility and may be drawn by the Borrower by way of a single drawing made on the PPI Acquisition Date and thereafter pursuant to the terms and conditions of this Agreement. The U.S. Term Loan Commitment Amount of each of the Lenders is set out in Schedule B”.
