Common use of Syndicated Facility Clause in Contracts

Syndicated Facility. Subject to Section 3.2, the undrawn portion of any Non-Agreeing Lender Commitment Amount in respect of the Syndicated Facility will be automatically cancelled at 5:01 p.m. (Toronto time) on the Term Conversion Date applicable to such Non-Agreeing Lender. Effective at such time, the Syndicated Facility will, with respect to a Non-Agreeing Lender, cease to be a revolving type facility and the Aggregate Principal Amount of the Syndicated Facility then applicable to such Non-Agreeing Lender, unless unconditionally and irrevocably repaid or cash collateralized in accordance with Section 3.2(b)(v)(A), will become a one year non-revolving term loan in an equivalent principal amount.

Syndicated Facility. Subject to Section 3.2Sections 3.3(b)(iv) and 3.3(b)(v), the undrawn undrawn‌ portion of any Non-Agreeing Lender Commitment Amount in respect of the Syndicated Facility will be automatically cancelled at 5:01 p.m. (Toronto time) on the Term Conversion Date applicable to such Non-Agreeing Lender. Effective at such timeConversion Date, the Syndicated Facility will, with respect to a Non-Agreeing Lender, cease to be a revolving type facility and the Aggregate Principal Amount of the Syndicated Facility then applicable to such Non-Agreeing Lenderand, unless unconditionally and irrevocably repaid or cash collateralized in accordance with Section 3.2(b)(v)(A3.3(b)(v)(A), will become a one year non-revolving term loan facility, repayable in an equivalent principal amountaccordance with Section 3.6(a)(ii).