Examples of U.S. Term Loan Commitments in a sentence
Each borrowing under the U.S. Term Loan Commitments shall be in an amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a multiple of $500,000 in excess thereof and (y) in the case of LIBOR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof.
Expected low cash costs of below US$200 per gold equivalent ounce.(1) A large Measured & Indicated Resource of more than 6.0-million gold equivalent ounces (3.5-million ounces of gold and 165-million ounces of silver) and additional Inferred Resources of more than 9.0-million gold equivalent ounces (4.9-million ounces of gold and 249-million ounces of silver).
The Incremental U.S. Term Loan Commitments shall automatically terminate upon the making of the Incremental U.S. Term Loans on the Incremental Effective Date.
The Borrowers may by written notice to the Administrative Agent elect to request the establishment of one or more new U.S. Term Loan Commitments and/or Canadian Term Loan Commitments (each, an “Incremental Term Loan Commitment”) (x) in an aggregate principal amount (for all Incremental Term Loan Commitments pursuant to this Section) not in excess of $400 million and (y) in an aggregate principal amount of not less than $25 million individually.
The Canadian Borrower may by written notice to the Administrative Agent elect to request prior to the U.S. Term Loan Maturity Date the establishment of one or more new U.S. Term Loan Commitments (each, an “Incremental Term Loan Commitment”) by an amount not in excess of $250.0 million in the aggregate.
The Administrative Agent shall allocate, in its sole discretion but in amounts not to exceed for each such Lender the commitment received from such Lender, Affiliate or Approved Fund, the Incremental U.S. Term Loan Commitments to be made on the Increase Effective Date to the U.S. Term Lenders from which it has received such written commitments.
On the date, if any, that the Willow Purchase Agreement is terminated in accordance with Section 15 thereof, the U.S. Term Loan Commitments shall automatically terminate.
Each European Term Lender agrees, severally and not jointly, to make, on the Third Restatement Date, a New Incremental Term Loan to the applicable New Incremental Term Borrowers in Euro and in a principal amount not to exceed the amount set forth next to such European Term Lender’s name on Schedule I (the “Incremental European Term Loan Commitments” and, together with the Incremental U.S. Term Loan Commitments, the “New Incremental Term Loan Commitments”).
The Initial U.S. Term Loan Commitments and the Canadian Term Loan Commitments in respect of the Initial Canadian Term Loans have automatically terminated upon the making of the Initial U.S. Term Loans and the Initial Canadian Term Loans on the Closing Date.
All US Term Loan Commitments, European Term Loan Commitments and European Revolving Loan Commitments under the Original Credit Agreement shall be assigned and re-allocated as of the date hereof among the US Term Loan Commitments, European Term Loan Commitments and European Revolving Loan Commitments hereunder, and after giving effect hereto, the Commitments are as set forth on Annex I hereto.