DIP FACILITY TERM SHEET DATED as of September 16, 2014Dip Facility Term Sheet • September 17th, 2014 • United States Steel Corp • Steel works, blast furnaces & rolling mills (coke ovens) • Ontario
WHEREAS the Borrower (as defined below) has requested that the DIP Lender (as defined below) provide financing to fund certain of the Borrower’s obligations during the pendency of the Borrower’s proceeding (the “CCAA Proceeding”) under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”) to be commenced before the Ontario Superior Court of Justice (Commercial List) (the “CCAA Court”) and in accordance with the terms and conditions set out herein;
