| Mandatory Prepayment - Excess Drawn Amounts · Mandatory Prepayment | Within 24 hours of written notice if Dollar Amount outstanding exceeds Available Amount | | source ↗ |
| Voluntary Prepayment - Minimum Amount · Prepayment | $1,000,000 or Cdn$1,000,000, as applicable | | source ↗ |
| Voluntary Prepayment - No Premium or Penalty · Prepayment | Prepayment permitted without premium or penalty (breakage costs may apply) | | source ↗ |
| Prohibited Use of Proceeds - Hostile Acquisition · Negative Covenant | Credit Facility may not be used to finance a Hostile Acquisition without Lender consent | | source ↗ |
| Payment Default - Principal · Event of Default | Failure to pay principal when due | | source ↗ |
| Payment Default - Interest/Other Amounts · Event of Default | Failure to pay interest or other amounts, unremedied for 5 Business Days after written notice | | source ↗ |
| Covenant Default Cure Period · Event of Default | 20 Business Days after earlier of Responsible Officer awareness or written Lender notice | | source ↗ |
| Financial Statements Delivery · Affirmative Covenant | Deliver most recently prepared financial statements at request of any Lender | | source ↗ |
| Maintenance of Existence · Affirmative Covenant | Each Borrower will maintain its existence in good standing and conduct its businesses in a prudent manner | | source ↗ |
| Minimum Borrowing Amount · Operational | $1,000,000 (USD) or Cdn$1,000,000 (CAD) | | source ↗ |
| Joint and Several Liability · Structural | Each Borrower is jointly and severally liable for all Obligations | | source ↗ |
| Applicable Margin - CDOR Loan · Pricing | 1.65% per annum | market 1.65% vs pricing median 1.375% (n=38) | source ↗ |
| Applicable Margin - Canadian Prime Rate Loan · Pricing | 0.65% per annum | market 0.65% vs pricing median 1.375% (n=38) | source ↗ |
| Applicable Margin - SOFR Loan · Pricing | 1.65% per annum | market 1.65% vs pricing median 1.375% (n=38) | source ↗ |
| Applicable Margin - U.S. Base Rate Loan · Pricing | 0.65% per annum | market 0.65% vs pricing median 1.375% (n=38) | source ↗ |
| Default Interest Rate · Pricing | 2.0% above rate otherwise applicable to Loans; all other amounts at one month Adjusted Term SOFR plus 4.0% per annum | loose 2% vs pricing median 1.375% (n=38) | source ↗ |
