Availability and Nature of the Credit Facilities. (a) Subject to the terms and conditions hereof, the Borrower may make Drawdowns under a Credit Facility in respect of the Commitments of a given Lender prior to, and only prior to, the Term Out Date applicable thereto.
Appears in 3 contracts
Samples: Credit Agreement (Greenfire Resources Ltd.), Credit Agreement (Hammerhead Energy Inc.), Credit Agreement (Hammerhead Energy Inc.)
Availability and Nature of the Credit Facilities. (a1) Subject to the terms and conditions hereof, the Borrower may make Drawdowns under a Credit the Syndicated Facility and the Operating Facility in respect of the Commitments of a given Lender prior to, and only prior to, the Term Out Date applicable thereto.
Appears in 2 contracts
Samples: Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.)
Availability and Nature of the Credit Facilities. (a1) Subject to the terms and conditions hereof, the applicable Borrower may make Drawdowns under a the applicable Credit Facility in respect of the Commitments of a given Lender prior to, and only prior to, the Term Out Maturity Date applicable theretoto such Lender.
Appears in 2 contracts
Samples: Credit Agreement (Enerflex Ltd.), Credit Agreement (Nexen Inc)
Availability and Nature of the Credit Facilities. (a1) Subject to the terms and conditions hereof, the Borrower may make Drawdowns under a Credit Facility in respect of the Commitments of a given Lender prior to, and only prior to, to the Term Out Date applicable thereto.
Appears in 2 contracts
Samples: Credit Agreement, Sixth Amending Agreement (Baytex Energy Trust)
