Amount and Availment Options. (a) Subject to the terms and conditions of this Agreement, the Lenders shall provide, severally (not jointly and not jointly and severally), a credit (the "Credit") for the use of the Borrower in the aggregate amount of up to the Maximum Available Amount or the Equivalent Amount in Canadian Dollars. Each Lender's obligation shall be limited to its respective Applicable Percentage of the Credit.
(b) At the option of the Borrower, all or a portion of the Credit may be used by:
(i) requesting the Lenders to make Prime Rate Advances, Base Rate Advances and/or LIBOR Advances;
(ii) presenting orders to the Lenders for acceptance as B/As; and/or
(iii) requesting that L/Cs be issued by any of the Issuing Banks on behalf of all the Lenders, except that the aggregate face amount of L/Cs outstanding under the Credit at any time shall not exceed the L/C Sublimit.
(c) Subject to Section 2.8, the aggregate of all Advances shall not, at any time, exceed the Maximum Available Amount.
Amount and Availment Options. (1) Subject to the terms and conditions of this Agreement, the Lenders shall provide, severally (not jointly and not jointly and severally), a credit (the "Credit") for the use of the Borrower in the aggregate amount of up to US $500,000,000 or the Equivalent Amount in Canadian Dollars. Each Lender's obligation shall be limited to its respective Applicable Percentage of the Credit.
(2) At the option of the Borrower, all or a portion of the Credit may be used by:
(a) requesting the Lenders to make Prime Rate Advances, Base Rate Advances and/or LIBOR Advances;
(b) presenting orders to the Lenders for acceptance as B/As; and/or
(c) requesting that L/Cs be issued by the Issuing Bank on behalf of all the Lenders, except that the aggregate face amount of L/Cs outstanding under the Credit at any time shall not exceed US $100,000,000 or the Equivalent Amount in Canadian Dollars and/or Euros.
Amount and Availment Options. (a) Subject to the terms and conditions of this Agreement, the Lenders shall provide, severally (not jointly and not jointly and severally), a credit (the "Credit") for the use of the Borrower in the aggregate amount of up to the Maximum Available Amount. Each Lender's obligation shall be limited to its respective Applicable Percentage of the Credit.
(b) At the option of the Borrower, all or a portion of the Credit may be used by:
(i) requesting the Lenders to make Base Rate Advances and/or LIBOR Advances; and/or
(ii) requesting that L/Cs be issued by any of the Issuing Banks on behalf of all the Lenders, except that the aggregate face amount of L/Cs outstanding under the Credit at any time shall not exceed US$100,000,000.
(c) The aggregate of all Advances shall not, at any time, exceed the Maximum Available Amount.
Amount and Availment Options. (1) Upon and subject to the terms and conditions of this Agreement, the Lenders severally agree to provide to the Borrower a credit facility for the use of the Borrower in the amount of up to Cdn. $40,000,000 (as reduced from time to time, the "CREDIT LIMIT") or the Equivalent Amount in U.S. Dollars (provided that each Lender's obligation hereunder shall be limited to its respective Applicable Percentage of the Credit).
(2) At the option of the Borrower, the Credit may be utilized by the Borrower by requesting that Prime Rate Advances, Base Rate Advances, or LIBOR Advances be made by the Lenders, by presenting orders to a Lender for acceptance as Banker's Acceptances or by requesting that L/Cs in Canadian Dollars or in U.S. Dollars be issued by the Issuing Bank. The aggregate face amount of L/Cs outstanding under the Credit at any time shall not exceed Cdn. $2,000,000 or the Equivalent Amount in U.S. Dollars.
(3) At the option of the Borrower, up to Cdn. $10,000,000 or the Equivalent Amount in U.S. Dollars of the undrawn available portion of the Credit may be utilized (the "SWINGLINE AVAILABILITY") by the Borrower by incurring overdrafts in its Canadian Dollar and U.S. Dollar accounts with Scotia Capital, which shall be deemed to be, as applicable, Prime Rate Advances or Base Rate Advances. Subject to Section 5.25, Advances under the Swingline Availability will be made solely by Scotia Capital and the Swingline Availability may be availed by the Borrower only through Scotia Capital. Advances under the Swingline Availability will reduce, to the extent of the Advances thereunder, the amounts available to be drawn under the Credit.
Amount and Availment Options. (1) Upon and subject to the terms and conditions of this Agreement, the Lenders severally agree to provide to the Borrower a non-revolving term credit facility (the “Credit”) for the use of the Borrower in the amount of up to Cdn. $410,000,000 (provided that each Lender’s obligation hereunder shall be limited to its respective Applicable Percentage of the Credit).
(2) At the option of the Borrower, the Credit may be utilized by the Borrower by requesting that Prime Rate Advances be made by the Lenders or by presenting orders to a Lender for acceptance as Banker’s Acceptances.
Amount and Availment Options. Subject to the terms and conditions of this Agreement, the Lenders shall provide, severally (not jointly and not jointly and severally), a credit (the "Credit") for the use of the Borrower in the aggregate amount of up to the Maximum Available Amount. Each Lender's obligation shall be limited to its respective Applicable Percentage of the Credit.
Amount and Availment Options. Upon and subject to the terms and conditions of this Agreement, the Lenders agree to provide credits for the use of the Borrower in the amount of up to Cdn. $350,000,000 or the US Dollar equivalent thereof, which are referred to collectively as the Credits and are comprised of a tranche of up to Cdn.$297,500,000 referred to as Credit 1 and a tranche of up to Cdn. $52,500,000 referred to as Credit 2. Subject to Section 5.1, Advances under Credit 1 will be made by the Lenders and Advances under Credit 2 will be made by RBC. The Borrower may from time to time with the agreement of the Agent (without any requirement to seek Majority Lender consent) and the proposed replacement, designate another Lender to replace RBC in making Advances under Credit 2. In that case, references in this Agreement to RBC in respect of Credit 2 shall be interpreted as referring to the replacement.
Amount and Availment Options. 10 2.2 Non-Revolving Credit................................................11 2.3 Use of the Credit...................................................11 2.4
Amount and Availment Options. Subject to the terms and conditions of this Agreement, the Lenders hereby establish, severally (not jointly and not jointly and severally), a credit facility for the use of the Borrower in the aggregate amount of up to $2,000,000,000 or the equivalent thereof in US Dollars. Each Lender’s obligation is limited to its respective Applicable Percentage of the Credit. TD’s Commitment includes a tranche, which is referred to as the “TD Tranche,” of up to $100,000,000 or such lesser amount as the Borrower may from time to time designate in writing to the Agent and TD. BNS’s Commitment includes a tranche, which is referred to as the “BNS Tranche,” of up to $100,000,000 or such lesser amount as the Borrower may from time to time designate in writing to the Agent and BNS. Except as otherwise specified in this Agreement, all terms of the Credit shall apply to the TD Tranche and the BNS Tranche. Outstanding Advances under the TD Tranche and the BNS Tranche shall reduce the amount of Advances otherwise available from TD and BNS, respectively, under the Credit. The maximum amount available under the TD Tranche and the BNS Tranche shall be reduced whenever necessary, and the Borrower shall repay Advances under the TD Tranche and the BNS Tranche whenever necessary, to ensure that the aggregate of Advances from TD and BNS under the Credit (including the TD Tranche and the BNS Tranche, respectively) do not exceed their respective Commitments (disregarding the TD Tranche and the BNS Tranche, respectively). At the option of the Borrower, the Credit (including the TD Tranche and the BNS Tranche) may be used by requesting that Prime Rate Advances, Base Rate Advances or LIBOR Advances be made, by presenting orders for acceptance as Bankers’ Acceptances or by requesting that L/Cs be issued by the applicable Issuing Bank. In addition, at the option of the Borrower, the TD Tranche and the BNS Tranche may be used by the Borrower incurring overdrafts in its Canadian Dollar and US Dollar accounts with TD and BNS, respectively, which shall be deemed to be Prime Rate Advances (in the case of Canadian Dollar accounts) and Base Rate Advances (in the case of US Dollar accounts). The face amount of L/Cs outstanding at any time, other than under the TD Tranche and the BNS Tranche, shall not exceed $100,000,000 issued by TD as Issuing Bank and $100,000,000 issued by BNS as Issuing Bank, or the equivalent amount in US Dollars.
Amount and Availment Options. Upon and subject to the terms and conditions of this Agreement, Lender agrees to provide a committed, non-revolving, reducing term credit ("Credit B") for the use of the Borrowers in the amount of the Credit B Facility Limit. At the option of a Borrower, Credit B may be used by such Borrower by requesting: (i) Prime Rate Advances from the Lender; (ii) US Base Rate Advances from the Lender; (iii) BA Advances from the Lender and/or (iv) LIBOR Advances from the Lender.
