Common use of Amount of Credit Clause in Contracts

Amount of Credit. Any reference herein to the amount of credit outstanding under the Credit Facility shall mean, at any particular time: (a) in the case of a Prime Rate Loan or a BA Rate Loan, the principal amount thereof at such time; (b) in the case of a Bankers’ Acceptance, the face amount thereof at such time; (c) in the case of a LIBOR Loan or a Base Rate Canada Loan, the Canadian Dollar Equivalent of the principal amount thereof; (d) in the case of a Letter denominated in Canadian dollars, the aggregate contingent liability of the Lenders thereunder; and (e) in the case of a Letter denominated in United States dollars, the Canadian Dollar Equivalent of the aggregate contingent liability of the Lenders thereunder.

Appears in 2 contracts

Samples: Credit Agreement (Fortis Inc.), Credit Agreement (Fortis Inc.)

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Amount of Credit. Any reference herein to the amount of credit outstanding under the Credit Facility shall mean, at any particular time: (a) in the case of a Prime Rate Loan or a BA Rate Loan, the principal amount thereof at such time; (b) in the case of a Bankers’ Acceptance, the face amount thereof at such time; (c) in the case of a LIBOR Term Benchmark Loan or a Base Rate Canada Loan, the Canadian Dollar Equivalent of the principal amount thereof; (d) in the case of a Letter denominated in Canadian dollars, the aggregate contingent liability of the Lenders thereunder; and (e) in the case of a Letter denominated in United States dollars, the Canadian Dollar Equivalent of the aggregate contingent liability of the Lenders thereunder.

Appears in 1 contract

Samples: Credit Agreement (Fortis Inc.)

Amount of Credit. Any reference herein to the amount of credit outstanding under the Credit Facility shall mean, at any particular time: (a) in the case of a Prime Rate Loan or a BA Rate RateCORRA Loan, the principal amount thereof at such time; (b) in the case of a Bankers’ Acceptance, the face amount thereof at such time; (c) in the case of a LIBOR Term Benchmark Loan or a Base Rate Canada Loan, the Canadian Dollar Equivalent of the principal amount thereof; (d) in the case of a Letter denominated in Canadian dollars, the aggregate contingent liability of the Lenders thereunder; and (e) in the case of a Letter denominated in United States dollars, the Canadian Dollar Equivalent of the aggregate contingent liability of the Lenders thereunder.

Appears in 1 contract

Samples: Second Amending Agreement (Fortis Inc.)

Amount of Credit. Any reference herein to the amount of credit outstanding under the Credit RT Facility shall mean, at any particular time: (a) in the case of a Prime Rate Loan or a BA Rate Equivalent Loan, the principal amount thereof at such time; (b) in the case of a Bankers’ Acceptance, the face amount thereof at such time; (c) in the case of a LIBOR Loan or a Base Rate Canada Loan, the Canadian Dollar Equivalent of the principal amount thereof; (d) in the case of a Letter denominated in Canadian dollarsDollars, the aggregate contingent liability of the Lenders thereunder; and (e) in the case of a Letter denominated in United States dollarsU.S. Dollars, the Canadian Dollar Equivalent of the aggregate contingent liability of the Lenders thereunder.

Appears in 1 contract

Samples: Loan Agreement (CI Financial Corp.)

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Amount of Credit. Any reference herein to the amount of credit outstanding under the Credit Facility Facilities shall mean, at any particular time: (a) in the case of a Prime Rate Loan or a BA Rate Equivalent Loan, the principal amount thereof at such timethereof; (b) in the case of a Bankers’ Acceptance, the face amount thereof at such timeof the Bankers’ Acceptance; (c) in the case of a LIBOR Loan or a Base Rate Canada Loan, the Canadian Dollar Equivalent of the principal amount thereof; (d) in the case of a Letter denominated in Canadian dollars, the aggregate contingent liability of the Lenders relevant Issuing Lender thereunder; and (e) in the case of a Letter denominated in United States dollars, the Canadian Dollar Equivalent of the aggregate contingent liability of the Lenders relevant Issuing Lender thereunder.

Appears in 1 contract

Samples: Credit Agreement (Anixter International Inc)

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