Common use of Term Loan Commitments Clause in Contracts

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan to the Borrower in an amount equal to such Lender’s Term Loan Commitment. The Borrower may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. All amounts owed hereunder with respect to the Loans shall be paid in full no later than the Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan Term Loans to the Parent Borrower in an amount equal to such Lender’s Term Loan Commitment. The Parent Borrower may make only one borrowing under the Term Loan Commitment Commitment, which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.8, 2.9 and 2.10, all outstanding amounts owed hereunder with respect to (i) the Tranche B Term Loans shall be paid in full no later than the Tranche B Term Loan Maturity Date and (ii) the Tranche A Term Loans shall be paid in full no later than the Tranche A Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Funding Date, a term loan portion of the Term Loan to the Borrower in an amount equal to such Lender’s Term Loan Commitment. The Borrower may make only one borrowing under the Term Loan Commitment which borrowing (i) shall be made on the Closing Date and (ii) shall be funded on the Funding Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Section 2.7, all amounts owed hereunder with respect to the Loans Term Loan shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender having a Term Loan Commitment severally agrees to make, on the Closing Date, a term loan Term Loan to the Borrower in an amount equal to such Lender’s Term Loan Commitment. The Borrower may make only one borrowing under the Term Loan Commitment Commitment, which borrowing shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.9 and 2.10, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Maturity Date. Each Lender’s The Term Loan Commitment of each Lender having a Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Funding Date, a term loan portion of the Term Loan to the Borrower in an amount equal to such Lender’s Term Loan Commitment. The Borrower may make only one borrowing under the Term Loan Commitment which borrowing (i) shall be made on the Closing Date and (ii) shall be funded on the Funding Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.8 and 2.9, all amounts owed hereunder with respect to the Loans Term Loan shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Funding Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan Term Loan to the Borrower NewPageCo in an amount equal to such Lender’s Existing Term Loan Commitment. The Borrower NewPageCo may make only one borrowing under the Existing Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.13 and 2.14, all amounts owed hereunder with respect to the Existing Term Loans shall be paid in full no later than the Existing Term Loan Maturity Date. Each Lender’s Existing Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Existing Term Loan Commitment on such date.

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan an Initial Term Loan to the Borrower in an amount equal to such Lender’s Closing Date Term Loan Commitment. The Borrower may make only one borrowing under the Closing Date Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.11, 2.12 and 2.13, all amounts owed hereunder with respect to the Initial Term Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Closing Date Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Closing Date Term Loan Commitment on such date.

Term Loan Commitments. Subject to the terms and conditions hereof, each Term Lender severally agrees to make, on the Closing Date, a term loan Term Loan to the Borrower Borrowers in an amount equal to such Lender’s Term Loan Commitment, if any. The Borrower Borrowers may make only one borrowing under the Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(1) and subsequently repaid or prepaid may not be reborrowed. All amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan Term Loan to the Borrower in an a principal amount equal to such Lender’s Term Loan Commitment. The Borrower may make only one borrowing under the Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Section 2.12, Section 2.13 and Section 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Effective Date, a term loan Term Loan to the Borrower in an amount equal to such Lender’s Term Loan Commitment. The Borrower may make only one borrowing under the Term Loan Commitment Commitments which shall be on the Closing Effective Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Sections 2.9(a) and 2.10, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the applicable Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Effective Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date. Term Loans shall be funded net of the OID Amount.

Term Loan Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, a term loan Term Loan to the Borrower in an amount equal to such Lender’s Term Loan CommitmentCommitment up to its Pro Rata Share of the Maximum Availability. The Borrower may make only one borrowing under the Term Loan Commitment Commitments which shall be on the Closing Date. Any amount borrowed under this Section 2.01(a2.1(a) and subsequently repaid or prepaid may not be reborrowed. All Subject to Section 2.10 and Section 2.11, all amounts owed hereunder with respect to the Term Loans shall be paid in full no later than the Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Term Loan Commitment on such date.