Canadian Commitment Termination Date Sample Clauses
The Canadian Commitment Termination Date clause defines the specific date on which a lender's commitment to provide financing or credit in Canada ends. In practice, this means that after this date, the lender is no longer obligated to make further advances or loans under the agreement, and any undrawn amounts become unavailable to the borrower. This clause is essential for establishing a clear endpoint to the lender's obligations, thereby managing risk and ensuring both parties are aware of the timeframe for accessing committed funds.
Canadian Commitment Termination Date the earliest to occur of (a) the Termination Date; (b) the date on which the Canadian Revolver Commitments are terminated pursuant to Section 2.2; or (c) the date on which the Canadian Revolver Commitments are terminated pursuant to Section 11.2. Canadian Concentration Accounts - special concentration accounts established by the Canadian Borrower with the Canadian Agent, subject to the control of the Canadian Agent.