Common use of Availability and Nature of the Credit Facilities Clause in Contracts

Availability and Nature of the Credit Facilities. (1) Subject to the terms and conditions hereof, the relevant Borrower may make Drawdowns, Conversions and Rollovers under each Credit Facility, in respect of the applicable Revolving Facility Commitment of a given Lender thereunder prior to, and only prior to, the Maturity Date applicable to such Lender.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

AutoNDA by SimpleDocs

Availability and Nature of the Credit Facilities. (1) Subject to the terms and conditions hereof, the relevant Borrower may make DrawdownsDrawdowns under a Revolving Facility or the U.S. Facility, Conversions and Rollovers under each Credit Facilityas the case may be, in respect of the applicable Revolving Facility Commitment Commitments of a given Lender thereunder prior to, and only prior to, the Maturity Date applicable to such Lender.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

Availability and Nature of the Credit Facilities. (1) Subject to the terms and conditions hereof, the relevant Borrower may make Drawdowns, Conversions and Rollovers Drawdowns under each a Credit Facility, in respect of the applicable Revolving Facility Commitment Commitments of a given Lender thereunder prior to, and only prior to, the Maturity Date applicable to such Lender.

Appears in 1 contract

Samples: Agreement (Baytex Energy Corp.)

Availability and Nature of the Credit Facilities. (1) Subject to the terms and conditions hereof, the relevant Borrower may make Drawdowns, Conversions and Rollovers Drawdowns under each a Credit Facility, Facility in respect of the applicable Revolving Facility Commitment Commitments of a given Lender thereunder prior to, and only prior to, the Maturity Date applicable to such Lender.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

AutoNDA by SimpleDocs

Availability and Nature of the Credit Facilities. (1) Subject to the terms and conditions hereof, the relevant Borrower may make DrawdownsDrawdowns under a Canadian Credit Facility or the U.S. Facility, Conversions and Rollovers under each Credit Facilityas the case may be, in respect of the applicable Revolving Facility Commitment Commitments of a given Lender thereunder prior to, and only prior to, the Maturity Date applicable to such Lender.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.