The Term Facility. The Term Lenders, individually, and not solidarily (and not jointly and severally), agree to make available to Cascades US a non-revolving term facility (the “Term Facility”) in an aggregate maximum amount at any time not exceeding the total of the Commitments under the Term Facility in effect at such time. As of the date hereof, the Commitment of each Term Lender under the Term Facility is as specified opposite its name on the signature pages of this Agreement and the collective Commitments of the Term Lenders with respect to the Term Facility aggregate to US$175,000,000.
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