Common use of Authorization to Borrow Clause in Contracts

Authorization to Borrow. In order to enable them to continue to operate their business, subject to the terms and conditions of this Final Order, the DIP Credit Agreement, the other DIP Financing Agreements, and the Budget, the Debtors are hereby authorized under the DIP Facility to borrow up to an aggregate committed amount of US$750,000,000 (consisting of a US$400,000,000 term loan facility for borrowings by SSCE; a US$35,000,000 term loan facility for borrowings by SSC Canada; a US$215,000,000 revolving credit facility for borrowings by SSCE and/or SSC Canada; a US$35,000,000 revolving credit and letter of credit facility for borrowings by SSCE and/or SSC Canada; and a US$65,000,000 revolving credit and letter of credit facility available in U.S. dollars or Canadian dollars for borrowings by SSCE and/or SSC Canada; the actual principal amount of any such loans at any time subject to those conditions set forth in the DIP Credit Agreement, including the conversion provisions in Section 9.23 of the DIP Credit Agreement); all borrowings by SSCE shall be guaranteed by the other U.S. Debtors (other than SMBI Inc.) and SSC Canada and all borrowings by SSC Canada shall be guaranteed by all of the other Debtors; all in accordance with the terms and conditions of the DIP Credit Agreement.

Authorization to Borrow. In order to enable them to continue to operate their business, during the Interim Period and subject to the terms and conditions of this Final Interim Order, the DIP Credit Agreement, the other DIP Financing Agreements, and the Budget, the Debtors are hereby authorized under the DIP Facility to borrow up to an aggregate committed principal amount of US$750,000,000 550,000,000 (consisting of a US$400,000,000 U.S. term loan facility for borrowings by SSCE; a US$35,000,000 Canadian term loan facility for borrowings by SSC Canada; a US$215,000,000 100,000,000 U.S. revolving credit facility for borrowings by SSCE and/or SSC Canada; a US$35,000,000 revolving credit and letter of credit facility loan for borrowings by SSCE and/or SSC Canada; and a US$65,000,000 15,000,000 Canadian revolving credit and letter of credit facility available in U.S. dollars or Canadian dollars loan for borrowings by SSCE and/or SSC Canada; ), the actual principal amount of any such loans at any time subject to those conditions set forth in the DIP Credit Agreement, including the conversion provisions in Section 9.23 until entry of the Final Order with respect to the DIP Credit Agreement)Motion and, thereafter, in such amounts as may be permitted by such Final Order; all borrowings by SSCE shall be guaranteed by the other U.S. Debtors (other than SMBI SMBI, Inc.) and SSC Canada Canada, and all borrowings by SSC Canada shall be guaranteed by all of the other Debtors; all in accordance with the terms and conditions of the DIP Credit Agreement.