Common use of Authorization of Canadian Revolving Commitment and Canadian Term Loan Commitment; Loan Terms Clause in Contracts

Authorization of Canadian Revolving Commitment and Canadian Term Loan Commitment; Loan Terms. (i) Within the limits of the Facility Commitment and the Canadian Subfacility Amount and in accordance with the procedures set forth in this Agreement and the Servicing Agreement, the Sponsor may authorize the Servicer to establish a Canadian Revolving Commitment and/or a Canadian Term Loan Commitment in favor of a Canadian Franchisee who meets the credit criteria established by the Sponsor.