Common use of Bridge Facility Clause in Contracts

Bridge Facility. a. On the APA Agreement Date, the Required Consenting Senior Noteholders shall deliver to AYR a binding commitment to provide bridge financing to certain of the Company Parties in the form of a pari passu senior secured multiple-draw term loan facility (the “Bridge Facility”), on the terms and conditions set forth in Exhibit 1 attached to this Restructuring Term Sheet (the “Bridge Facility Term Sheet”) and such other terms and conditions acceptable to the Required Consenting Senior Noteholders and AYR, for the purposes of funding operational and restructurings costs of the Company Parties in accordance with and subject to an Approved Budget (as defined in the Bridge Facility Term Sheet).