Common use of Bridge Loans Clause in Contracts

Bridge Loans. Subject to all of the terms and conditions hereof, during the period from and including November 12, 1999, to but not including November 26, 1999 (the "Bridge Loan Period"), Bank of Montreal ("BOM") agrees to make loans (the "Bridge Loans", the Bridge Loans to constitute Loans for all purposes of the Loan Documents except that such Loans shall only be made by BOM and no other Bank shall have any obligation to fund any part thereof or purchase a participation therein) to the Borrower under a short-term bridge loan facility in an aggregate amount at any one time outstanding not to exceed $3,000,000 (the "Bridge Loan Commitment"); provided, however, that Bridge Loans shall be available to the Borrower only if and so long as the Revolving Credit Commitments of the Banks are fully utilized and the maximum amount of Loans thereunder are outstanding. Bridge Loans may be availed of by the Borrower from time to time during the Bridge Loan Period and borrowings thereunder may be repaid and used again through but not including the last day of the Bridge Loan Period, at which time the Bridge Loan Commitment shall expire. The Borrower hereby promises to pay all Bridge Loans (both for principal and interest) on November 26, 1999, the final maturity thereof. BOM's obligation to make any Bridge Loan shall be subject to the further condition that all conditions set forth herein and in Section 7.2 shall have been satisfied (with all references to a Borrowing therein to be deemed a reference to an advance of a Bridge Loan). Advances of Bridge Loans shall also be subject to the notice requirements for Borrowings under the terms of Section 1.6 of this Agreement. BOM shall maintain on its internal records an account evidencing the indebtedness of the Borrower to BOM owing to it in respect of the Bridge Loans, including the principal amount of the Bridge Loans made by it and the interest thereon and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absence manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect the Borrower's obligation to repay all principal and interest in respect of the Bridge Loans. Upon request by BOM, the Borrower shall execute and deliver to BOM a promissory note to evidence the Bridge Loans (the "Bridge Loan Note", the Bridge Loan Note to constitute a Note for all purposes of the Loan Documents), the Bridge Loan Note to be payable to the order of BOM in the principal amount of $3,000,000 and otherwise in the form of Exhibit J hereto. Without regard to the face principal amount of the Bridge Loan Note, the actual principal amount at any time outstanding and owing by the Borrower on account of the Bridge Loan Note shall be the sum of all Bridge Loans then or theretofore made thereon less all payments actually received thereon.

Bridge Loans. Subject to all of the terms and conditions hereof, during the period from and including November 12December 10, 1999, to but not including November 26March 31, 1999 2000 (the "Bridge Loan Period"), Bank of Montreal (the "BOMBridge Loan Bank", the Bridge Loan Bank to constitute a Bank for all purposes of the Loan Documents) agrees to make loans from time to time in its discretion in accordance with the terms hereof (collectively, the "Bridge Loans", the Bridge Loans to constitute Loans for all purposes of the Loan Documents except that such Loans shall only be made by BOM and no other Bank shall have any obligation to fund any part thereof or purchase a participation thereinDocuments) to the Borrower under a short-term bridge loan facility in an aggregate amount at any one time outstanding not to exceed $3,000,000 9,400,000 (the "Bridge Loan Commitment"); provided, however, that Bridge Loans shall be available to the Borrower only if and so long as the Revolving Credit Commitments of the Banks are fully utilized and the maximum amount of Loans thereunder are outstanding. Bridge Loans may be availed of by the Borrower from time to time during the Bridge Loan Period and borrowings Borrowings thereunder may be repaid and used again through but not including the last day of the Bridge Loan Period, at which time the Bridge Loan Commitment shall expire. The Borrower hereby promises to pay all Bridge Loans (both for principal and interest) on November 26, 1999the last day of the Bridge Loan Period, the final maturity thereof. BOM's obligation to make any Each Borrowing of Bridge Loan Loans shall be subject to the further condition that all conditions set forth herein and in Section 7.2 shall have been satisfied (with all references to a Borrowing therein to be deemed a reference to an advance of a Bridge Loan). Advances of Bridge Loans shall also be subject to i) the notice requirements for Borrowings under the terms of Section 1.6 of this Agreement, except that the Borrower shall provide at least 2 Business Days prior written notice of each Borrowing of Bridge Loans pursuant to the terms of clause (f) below (except to the extent waived by the Bridge Loan Bank in its discretion), (ii) the satisfaction of the conditions set forth in Section 7.2 hereof (with all references therein to a Borrowing to be deemed a reference to a Borrowing of Bridge Loans, and (iii) compliance with the terms of clause (f) below. BOM The Bridge Loan Bank shall maintain on its internal records an account evidencing the indebtedness of the Borrower to BOM owing to it the Bridge Loan Bank in respect of the Bridge Loans, including the principal amount of the Bridge Loans made by it and the interest thereon and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absence manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect the Borrower's obligation to repay all principal and interest in respect of the Bridge LoansLoans made by the Bridge Loan Bank to the Borrower. Upon request by BOMthe Bridge Loan Bank, the Borrower shall execute and deliver to BOM the Bridge Loan Bank a promissory note to evidence the Bridge Loans (the "Bridge Loan Note", the Bridge Loan Note to constitute a Note for all purposes of the Loan Documents), the such Bridge Loan Note to be payable to the order of BOM the Bridge Loan Bank in the principal amount of $3,000,000 its Bridge Loan Commitment and otherwise in the form of Exhibit J hereto. Without regard to the face principal amount of the Bridge Loan Note, the actual principal amount at any time outstanding and owing by the Borrower on account of the such Bridge Loan Note shall be the sum of all Bridge Loans then or theretofore made thereon less all payments actually received thereon.

Bridge Loans. Subject (a) The Borrower has requested, and the Lenders identified as “Bridge Lenders” on the signature pages hereto (collectively, the “Bridge Lenders”) have agreed to all provide, a new class of the terms and conditions hereof, during the period from and including November 12, 1999, to but not including November 26, 1999 Term Loans (the "Bridge Loan Period"), Bank of Montreal ("BOM") agrees to make loans (the "“Bridge Loans", the Bridge Loans ”) established pursuant to constitute Loans for all purposes of the Loan Documents except that such Loans shall only be made by BOM and no other Bank shall have any obligation to fund any part thereof or purchase a participation therein) to the Borrower under a short-term bridge loan facility in an aggregate principal amount at any one time outstanding not of $7,500,000 to exceed $3,000,000 be funded on the Bridge Loan Closing Date. (b) Each Bridge Lender agrees that the amount of its Term Loan Commitment (the "“Bridge Loan Commitment"); provided, however, that Commitments”) with respect to the Bridge Loans shall be available as set forth next to such Lender’s name on Schedule B hereto. (c) Each Bridge Lender (i) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Borrower only if Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto and so long as the Revolving Credit Commitments (ii) agrees that it will perform in accordance with their terms all of the Banks are fully utilized and the maximum amount of Loans thereunder are outstanding. Bridge Loans may be availed of obligations which by the Borrower from time terms of the Credit Agreement are required to time during be performed by it as a Bridge Lender. (d) Each Bridge Lender agrees that (i) effective on and at all times after the Bridge Loan Period Closing Date, such Bridge Lender will be bound by all obligations of a Lender under the Credit Agreement and borrowings thereunder may be repaid (ii) subject to the terms and used again through but not including conditions set forth in this Amendment, on the last day applicable dates, such Bridge Lender will fund Bridge Loans in Dollars to the Administrative Agent for the account of the Borrower in an amount equal to such Bridge Loan Commitment. The Bridge Loan Commitments shall terminate on the Bridge Loan Closing Date following the funding of the Bridge Loan PeriodLoans in full. For the avoidance of doubt, at which time the Bridge Loan Commitment shall expire. The Borrower hereby promises to pay all Bridge Loans (both for principal and interest) on November 26, 1999, the final maturity thereof. BOM's obligation to make any Person holding a Bridge Loan shall be subject to the further condition that all conditions set forth herein and in Section 7.2 shall have been satisfied (with all references to a Borrowing therein deemed to be deemed a reference to an advance of a Bridge Loan). Advances of Lender under the Credit Agreement, and the Bridge Loans shall also be subject deemed to be Loans under the notice requirements for Borrowings under Credit Agreement. (e) Except as expressly set forth in the Credit Agreement, as amended hereby, the terms of Section 1.6 of this Agreement. BOM the Bridge Loans shall maintain on its internal records an account evidencing be identical to the indebtedness terms of the Borrower existing Term Loans. References in the Credit Agreement to BOM owing to it in respect of Term Loans shall include, without limitation, the Bridge Loans, including the principal amount of the Bridge Loans made by it and the interest thereon and each repayment and prepayment in respect thereof. Any such recordation which shall be conclusive and binding on the Borrower, absence manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect the Borrower's obligation to repay all principal and interest in respect of the Bridge Loans. Upon request by BOM, the Borrower shall execute and deliver to BOM a promissory note to evidence the Bridge Loans (the "Bridge Loan Note", the Bridge Loan Note to constitute a Note for all purposes of the Loan Documents), the Bridge Loan Note deemed to be payable to a separate tranche of Term Loans under the order of BOM in the principal amount of $3,000,000 and otherwise in the form of Exhibit J hereto. Without regard to the face principal amount of the Bridge Loan Note, the actual principal amount at any time outstanding and owing by the Borrower on account of the Bridge Loan Note shall be the sum of all Bridge Loans then or theretofore made thereon less all payments actually received thereonCredit Agreement.

Bridge Loans. Subject to all of the terms and conditions hereof, during the period from and including November 12, 1999, to but not including November 26January 31, 1999 2000 (the "Bridge Loan Period"), Bank of Montreal ("BOM") agrees to make loans (the "Bridge Loans", the Bridge Loans to constitute Loans for all purposes of the Loan Documents except that such Loans shall only be made by BOM and no other Bank shall have any obligation to fund any part thereof or purchase a participation therein) to the Borrower under a short-term bridge loan facility in an aggregate amount at any one time outstanding not to exceed (i) $3,000,000 through the period ending December 2, 1999, and (ii) $4,400,000 at all times thereafter (the "Bridge Loan Commitment"); provided, however, that Bridge Loans shall be available to the Borrower only if and so long as the Revolving Credit Commitments of the Banks are fully utilized and the maximum amount of Loans thereunder are outstanding. Bridge Loans may be availed of by the Borrower from time to time during the Bridge Loan Period and borrowings thereunder may be repaid and used again through but not including the last day of the Bridge Loan Period, at which time the Bridge Loan Commitment shall expire. The Borrower hereby promises to pay all Bridge Loans (both for principal and interest) on November 26, 1999the last day of the Bridge Loan Period, the final maturity thereof. BOM's obligation to make any Bridge Loan shall be subject to the further condition that all conditions set forth herein and in Section 7.2 shall have been satisfied (with all references to a Borrowing therein to be deemed a reference to an advance of a Bridge Loan). Advances of Bridge Loans shall also be subject to the notice requirements for Borrowings under the terms of Section 1.6 of this Agreement. BOM shall maintain on its internal records an account evidencing the indebtedness of the Borrower to BOM owing to it in respect of the Bridge Loans, including the principal amount of the Bridge Loans made by it and the interest thereon and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on the Borrower, absence manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect the Borrower's obligation to repay all principal and interest in respect of the Bridge Loans. Upon request by BOM, the Borrower shall execute and deliver to BOM a promissory note to evidence the Bridge Loans (the "Bridge Loan Note", the Bridge Loan Note to constitute a Note for all purposes of the Loan Documents), the Bridge Loan Note to be payable to the order of BOM in the principal amount of $3,000,000 4,400,000 and otherwise in the form of Exhibit J hereto. Without regard to the face principal amount of the Bridge Loan Note, the actual principal amount at any time outstanding and owing by the Borrower on account of the Bridge Loan Note shall be the sum of all Bridge Loans then or theretofore made thereon less all payments actually received thereon.