Common use of Term Benchmark Loans Clause in Contracts

Term Benchmark Loans. Subject to the terms and conditions hereof and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2 requested the Lenders to continue to extend credit by way of a Term Benchmark Loan to replace all or a portion of an outstanding Term Benchmark Loan as it matures, each Lender shall, on the maturity of such Term Benchmark Loan continue to extend credit to the Borrower by way of a Term Benchmark Loan, (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured Term Benchmark Loan or the portion thereof to be replaced.

Appears in 2 contracts

Sources: First Amending Agreement (Triple Flag Precious Metals Corp.), Loan Agreement (Triple Flag Precious Metals Corp.)

Term Benchmark Loans. Subject to the terms and conditions hereof and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2 requested the Lenders to continue to extend credit by way of a Term Benchmark Loan to replace all or a portion of an outstanding Term Benchmark Loan as it matures, each Lender shall, on the maturity of such Term Benchmark Loan continue to extend credit to the Borrower by way of a Term Benchmark Loan, Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender▇▇▇▇▇▇’s Pro Rata Share of the principal amount of the matured Term Benchmark Loan or the portion thereof to be replaced.

Appears in 1 contract

Sources: Credit Agreement (Ero Copper Corp.)

Term Benchmark Loans. Subject to the terms Sections 3.1, 3.12(a) and conditions hereof 3.13 and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2 5.2, requested the Lenders to continue to extend credit by way of a Term Benchmark Loan to replace all or a portion of an outstanding Term Benchmark Loan as it matures, each Lender shall, on the maturity of such Term Benchmark Loan Loan, continue to extend credit to the Borrower by way of a Term Benchmark Loan, Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender▇▇▇▇▇▇’s Pro Rata Share of the principal amount of the matured Term Benchmark Loan or the portion thereof to be replaced.

Appears in 1 contract

Sources: Credit Agreement (Orla Mining Ltd.)

Term Benchmark Loans. Subject to the terms and conditions hereof and provided that the Borrower hasBorrowers have, by giving notice to the Administrative Agent in accordance with Section 5.2 requested the Lenders to continue to extend credit by way of a Term Benchmark Loan to replace all or a portion of an outstanding Term Benchmark Loan as it matures, each Lender shall, on the maturity of such Term Benchmark Loan continue to extend credit to the Borrower Borrowers by way of a Term Benchmark Loan, (without a further advance of funds to the BorrowerBorrowers) in the principal amount equal to such Lender▇▇▇▇▇▇’s Pro Rata Share of the principal amount of the matured Term Benchmark Loan or the portion thereof to be replaced.

Appears in 1 contract

Sources: Loan Agreement (Triple Flag Precious Metals Corp.)

Term Benchmark Loans. Subject to the terms and conditions hereof of this Agreement and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2 5.2, requested the Lenders to continue to extend credit by way of a Term Benchmark Loan to replace all or a portion of an outstanding Term Benchmark Loan as it matures, each Lender shall, on the maturity of such Term Benchmark Loan continue to extend credit to the Borrower by way of a Term Benchmark Loan, Loan (without a further advance of funds to the Borrower) in the principal amount equal to such LenderL▇▇▇▇▇’s Pro Rata Share of the principal amount of the matured Term Benchmark Loan or the portion thereof to be replacedLoan.

Appears in 1 contract

Sources: Revolving Credit Facility (Gatos Silver, Inc.)

Term Benchmark Loans. Subject to the terms and conditions provisions hereof and provided that the relevant Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2 5.2, requested the Lenders to continue to extend credit by way of a Term Benchmark Loan to replace all or a portion of an outstanding Term Benchmark Loan as it matures, each Lender shall, on the maturity of such Term Benchmark Loan Loan, continue to extend credit to the relevant Borrower by way of a Term Benchmark Loan, Loan (without a further advance of funds to the relevant Borrower) in the principal amount equal to such Lender’s ▇▇▇▇▇▇'s Pro Rata Share of the principal amount of the matured Term Benchmark Loan or the portion thereof to be replaced.

Appears in 1 contract

Sources: Loan Agreement (Wheaton Precious Metals Corp.)

Term Benchmark Loans. Subject to the terms Sections 3.1, 3.12(a) and conditions hereof 3.13 and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2 5.2, requested the Lenders to continue to extend credit by way of a Term Benchmark Loan to replace all or a portion of an outstanding Term Benchmark Loan as it matures, each Lender shall, on the maturity of such Term Benchmark Loan Loan, continue to extend credit to the Borrower by way of a Term Benchmark Loan, Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured Term Benchmark Loan or the portion thereof to be replaced.

Appears in 1 contract

Sources: Credit Agreement (Orla Mining Ltd.)

Term Benchmark Loans. Subject to the terms and conditions hereof Section 3.5 and provided that the relevant Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2 5.2, requested the Lenders to continue to extend credit by way of a Term Benchmark Loan to replace all or a portion of an outstanding Term Benchmark Loan as it matures, each such Lender shall, on the maturity of such Term Benchmark Loan Loan, continue to extend credit to the relevant Borrower by way of a Term Benchmark Loan, Loan (without a further advance of funds to the relevant Borrower) in the principal amount equal to such Lender’s Pro Rata Share of the principal amount of the matured Term Benchmark Loan or the portion thereof to be replaced.. 51334597.3 Third Amended and Restated Credit Agreement - Equinox

Appears in 1 contract

Sources: Credit Agreement (Equinox Gold Corp.)

Term Benchmark Loans. Subject to the terms and conditions hereof Section 3.5 and provided that the relevant Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2 5.2, requested the relevant Lenders to continue to extend credit by way of a Term Benchmark Loan to replace all or a portion of an outstanding Term Benchmark Loan as it matures, each such relevant Lender shall, on the maturity of such Term Benchmark Loan Loan, continue to extend credit to the relevant Borrower by way of a Term Benchmark Loan, Loan (without a further advance of funds to the relevant Borrower) in the principal amount equal to such Lender’s 's Pro Rata Share of the principal amount of the matured Term Benchmark Loan or the portion thereof to be replaced.

Appears in 1 contract

Sources: Credit Agreement (Equinox Gold Corp.)

Term Benchmark Loans. Subject to the terms Sections 3.1, 3.12(a) and conditions hereof 3.13 and provided that the Borrower has, by giving notice to the Administrative Agent in accordance with Section 5.2 5.2, requested the Lenders to continue to extend credit by way of a Term Benchmark Loan to replace all or a portion of an outstanding Term Benchmark Loan as it matures, each Lender shall, on the maturity of such Term Benchmark Loan Loan, continue to extend credit to the Borrower by way of a Term Benchmark Loan, Loan (without a further advance of funds to the Borrower) in the principal amount equal to such Lender’s ▇▇▇▇▇▇'s Pro Rata Share of the principal amount of the matured Term Benchmark Loan or the portion thereof to be replaced.

Appears in 1 contract

Sources: Credit Agreement (SilverCrest Metals Inc.)