Common use of Application of Canadian BA Rate to Outstanding Loans Clause in Contracts

Application of Canadian BA Rate to Outstanding Loans. (a) The Canadian Borrower may on any Business Day, subject to delivery of a Notice of Conversion/Continuation and the other terms hereof, elect to convert any portion of the Canadian Prime Rate Loans, or to continue any Canadian BA Rate Loan at the end of its Interest Period as a Canadian BA Rate Loan; provided, however that such Canadian BA Rate Loans may only be so converted at the end of the Interest Period applicable thereto. During the continuance of any Default or Event of Default, Agent may (and shall at the direction of Required Facility Lenders of the Canadian Borrower) declare that no Loan may be made, converted or continued as a Canadian BA Rate Loan.

Application of Canadian BA Rate to Outstanding Loans. (a) The Canadian Borrower may on any Business Day, subject to delivery of a Notice of Conversion/Continuation and the other terms hereof, elect to convert any portion of the Canadian Prime Rate Loans, or to continue any Canadian BA Rate Loan at the end of its Interest Period as a Canadian BA Rate Loan; provided, however that such Canadian BA Rate Loans may only be so converted at the end of the Interest Period applicable thereto. During the continuance of any Default or Event of Default, the Agent may (and shall at the direction of Required Facility Lenders of the Canadian Borrower) declare that no Loan may be made, converted or continued as a Canadian BA Rate Loan.

Application of Canadian BA Rate to Outstanding Loans. (a) The Applicable Canadian Borrower may on any Business Day, subject to delivery of a Notice of Conversion/Continuation and the other terms hereof, elect to convert any portion of the Canadian Prime Rate Loans, or to continue any Canadian BA Rate Loan at the end of its Interest Period as a Canadian BA Rate Loan; provided, however however, that such Canadian BA Rate Loans may only be so converted at the end of the Interest Period applicable thereto. During the continuance of any Default or Event of Default, Agent may (and shall at the direction of Required Facility Borrower Group Lenders of the Borrower Group that consists of the Canadian BorrowerBorrowers) declare that no Loan may be made, converted or continued as a Canadian BA Rate Loan.

Application of Canadian BA Rate to Outstanding Loans. (a) The A Canadian Borrower may on any Business Day, subject to delivery of a Notice of Conversion/Continuation and the other terms hereof, elect to convert any portion of the Canadian Prime Rate Loans, or to continue any Canadian BA Rate Loan at the end of its Interest Period as a Canadian BA Rate Loan; provided, however however, that such Canadian BA Rate Loans may only be so converted at the end of the Interest Period applicable thereto. During the continuance of any Default or Event of Default, Agent may (and shall at the direction of Required Multicurrency Facility Lenders of the Canadian BorrowerLenders) declare that no Loan may be made, converted or continued as a Canadian BA Rate Loan.. 138

Application of Canadian BA Rate to Outstanding Loans. (a) The Initial Canadian Borrower may on any Business Day, subject to delivery of a Notice of Conversion/Continuation and the other terms hereof, elect to convert any portion of the Canadian Prime Rate Loans, or to continue any Canadian BA Rate Loan at the end of its Interest Period as a Canadian BA Rate Loan; provided, however however, that such Canadian BA Rate Loans may only be so converted at the end of the Interest Period applicable thereto. During the continuance of any Default or Event of Default, Agent may (and shall at the direction of Required Facility Borrower Group Lenders of the Borrower Group that consists of the Canadian BorrowerBorrowers) declare that no Loan may be made, converted or continued as a Canadian BA Rate Loan.

Application of Canadian BA Rate to Outstanding Loans. (a) The A Canadian Borrower may on any Business Day, subject to delivery of a Notice of Conversion/Continuation and the other terms hereof, elect to convert any portion of the Canadian Prime Rate Loans, or to continue any Canadian BA Rate Loan at the end of its Interest Period as a Canadian BA Rate Loan; provided, however however, that such Canadian BA Rate Loans may only be so converted at the end of the Interest Period applicable thereto. During the continuance of any Default or Event of Default, Agent may (and shall at the direction of Required Multicurrency Facility Lenders of the Canadian BorrowerLenders) declare that no Loan may be made, converted or continued as a Canadian BA Rate Loan.