Common use of Bridge Financing Clause in Contracts

Bridge Financing. On the Closing Date, either (i) Magellan shall provide OpCo with bridge financing for a one-year term in the amount of up to $55 million as requested by OpCo to fund its working capital needs, including funding OpCo's acquisition of existing supplies, inventory, prepaid expenses, and other Working Capital Assets (the form of the Bridge Loan Agreement is attached as Exhibit D and D-1 to the OpCo Contribution Agreement) or (ii) OpCo shall have obtained working capital financing of at least $55 million pursuant to a loan facility with a syndicate of financial institutions.