Common use of Acceleration of Canadian LC Obligations Clause in Contracts

Acceleration of Canadian LC Obligations. If the Canadian Obligations or any part thereof become immediately due and payable pursuant to Section 8.1 then, unless Required Lenders otherwise specifically elect to the contrary (which election may thereafter be retracted by Required Lenders at any time), all Canadian LC Obligations shall become immediately due and payable without regard to whether or not actual drawings or payments on the Letters of Credit have occurred, and the applicable Canadian Borrower in respect of such Canadian LC Obligations shall be obligated to pay to Canadian LC Issuer immediately an amount equal to the aggregate Canadian LC Obligations which are then outstanding.

Acceleration of Canadian LC Obligations. If the Canadian Obligations or any part thereof become immediately due and payable pursuant to Section 8.1 then, unless Required all Canadian Revolver Lenders otherwise specifically elect to the contrary (which election may thereafter be retracted by Required Lenders any Canadian Revolver Lender at any time), all Canadian LC Obligations shall become immediately due and payable without regard to whether or not actual drawings or payments on the Canadian Letters of Credit have occurred, and the applicable Canadian Revolver Borrower in respect of such Canadian LC Obligations shall be obligated to pay to Canadian LC Issuer immediately an amount equal to the aggregate Canadian LC Obligations which are then outstandingoutstanding to be held as Canadian LC Collateral.

Acceleration of Canadian LC Obligations. If the Canadian Obligations or any --------------------------------------- part thereof become immediately due and payable pursuant to Section 8.1 then, unless Required all Canadian Revolver Lenders otherwise specifically elect to the contrary (which election may thereafter be retracted by Required Lenders any Canadian Revolver Lender at any time), all Canadian LC Obligations shall become immediately due and payable without regard to whether or not actual drawings or payments on the Canadian Letters of Credit have occurred, and the applicable Canadian Revolver Borrower in respect of such Canadian LC Obligations shall be obligated to pay to Canadian LC Issuer immediately an amount equal to the aggregate Canadian LC Obligations which are then outstandingoutstanding to be held as Canadian LC Collateral.

Acceleration of Canadian LC Obligations. If the Canadian Obligations or any part thereof become immediately due and payable pursuant to Section 8.1 then, unless Canadian Required Lenders otherwise specifically elect to the contrary (which election may thereafter be retracted by Canadian Required Lenders at any time), all Canadian LC Obligations shall become immediately due and payable without regard to whether or not actual drawings or payments on the Letters of Credit have occurred, and the applicable Canadian Borrower in respect of such Canadian LC Obligations shall be obligated to pay to Canadian LC Issuer Agent immediately an amount equal to the aggregate Canadian LC Obligations which are then outstandingoutstanding to be held as Canadian LC Collateral.

Acceleration of Canadian LC Obligations. If the Canadian Obligations or any part thereof become immediately due and payable pursuant to Section 8.1 then, unless Canadian Required Lenders otherwise specifically elect to the contrary (which election may thereafter be retracted by Canadian Required Lenders at any time), all Canadian LC Obligations shall become immediately due and payable without regard to whether or not actual drawings or payments on the Letters of Credit have occurred, and the applicable Canadian Borrower in respect of such Canadian LC Obligations shall be obligated to pay to Canadian LC Issuer immediately an amount equal to the aggregate Canadian LC Obligations which are then outstanding.