DIP Term SheetDip Facility Term Sheet • August 4th, 2020
This term sheet (the “DIP Facility Term Sheet”) sets forth the principal terms of a secured debtor-in- possession credit facility (the “DIP Facility”) and consent to use of the Prepetition Collateral (as defined below). The DIP Credit Agreement (as defined below) evidencing the DIP Facility shall be entered into with the DIP Facility Borrower (as defined below), certain of its subsidiaries, and Fieldwood Energy Inc. in connection with their respective cases under chapter 11 (the “Chapter 11 Cases”; the debtors and debtors-in-possession thereunder, the “Debtors” and each a “Debtor”) of title 11 of the United States Code (the “Bankruptcy Code”). The DIP Facility and the Debtors’ use of Prepetition Collateral will be subject to the approval of the Bankruptcy Court (as defined below) and consummated in the Chapter 11 Cases in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) in accordance with (i) the Interim DIP Order (as defined below) of the
FIRST AMENDMENT TO AMENDED AND RESTATED DIP FACILITY TERM SHEETDip Facility Term Sheet • November 3rd, 2023 • Ontario
NOW THEREFORE in consideration of the foregoing and the mutual agreements contained herein (the receipt and sufficiency of which are hereby acknowledged), the parties agree as follows:
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;
