Common use of Canadian Committed Loans Clause in Contracts

Canadian Committed Loans. Subject to the terms and conditions set forth herein, each Canadian Lender severally agrees to make loans in Canadian Dollars or U.S. Dollars (each such loan, a “Canadian Committed Loan”) to the Canadian Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the Canadian Commitment of such Canadian Lender; provided, however, that after giving effect to any Canadian Committed Borrowing, (i) the Total Canadian Outstandings (calculated, as necessary, at the U.S. Dollar Equivalent thereof) shall not exceed the Aggregate Canadian Commitments, and (ii) the aggregate Outstanding Amount of the Canadian Committed Loans of any Canadian Lender, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian L/C Obligations, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian Swing Line Loans plus such Canadian Lender’s Bankers’ Acceptances (in each case, calculated, as necessary, at the U.S. Dollar Equivalent thereof) shall not exceed the Canadian Commitment of such Canadian Lender. Within the limits of the Canadian Commitment of each Canadian Lender, and subject to the other terms and conditions hereof, the Canadian Borrower may borrow under this Section 3.01, prepay under Section 3.06, and reborrow under this Section 3.01. Canadian Committed Loans may be Canadian Prime Rate Committed Loans, Canadian Base Rate Committed Loans, Canadian Dollar CDOR Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans, as further provided herein.

Canadian Committed Loans. Subject to the terms and conditions set forth herein, each Canadian Lender severally agrees to make loans in Canadian Dollars or U.S. Dollars (each such loan, a “Canadian Committed Loan”) to the each Canadian Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the Canadian Commitment of such Canadian Lender; provided, however, that after giving effect to any Canadian Committed Borrowing, (i) the Total Canadian Outstandings (calculated, as necessary, at the U.S. Dollar Equivalent thereof) shall not exceed the Aggregate Canadian Commitments, and (ii) the aggregate Outstanding Amount of the Canadian Committed Loans of any Canadian Lender, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian L/C Obligations, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian Swing Line Loans plus such Canadian Lender’s Bankers’ Acceptances (in each case, calculated, as necessary, at the U.S. Dollar Equivalent thereof) shall not exceed the Canadian Commitment of such Canadian Lender. Within the limits of the Canadian Commitment of each Canadian Lender, and subject to the other terms and conditions hereof, the each Canadian Borrower may borrow under this Section 3.01, prepay under Section 3.06, and reborrow under this Section 3.01. Canadian Committed Loans may be Canadian Prime Rate Committed Loans, Canadian Base Rate Committed Loans, Canadian Dollar CDOR Eurodollar Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans, as further provided herein.

Canadian Committed Loans. Subject to the terms and conditions set forth herein, each Canadian Lender severally agrees to make loans in Canadian Dollars or U.S. Dollars (each such loan, a “Canadian Committed Loan”) to the Canadian Borrower from time to time, on any Canadian Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the Canadian Commitment of such Canadian Lender’s Canadian Commitment; provided, however, that after giving effect to any Canadian Committed Borrowing, (i) the Total Canadian Outstandings (calculated, as necessary, at the U.S. Dollar Equivalent thereof) shall not exceed the lesser of (x) the Aggregate Canadian Commitments, or (y) the Canadian Borrowing Base, and (ii) the aggregate Outstanding Amount of the Canadian Committed Loans of any Canadian Lender, plus such Canadian Lender’s Pro Rata Share Applicable Revolving Credit/Committed Loan Percentage of the Outstanding Amount of all Canadian L/C Obligations, plus Obligations shall not exceed such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian Swing Line Loans plus such Canadian Lender’s Bankers’ Acceptances (in each case, calculated, as necessary, at the U.S. Dollar Equivalent thereof) shall not exceed the Canadian Commitment of such Canadian LenderCommitment. Within the limits of the Canadian Commitment of each Canadian Lender’s Canadian Commitment, and subject to the other terms and conditions hereof, the Canadian Borrower may borrow under this Section 3.012.01(c), prepay under Section 3.062.06, and reborrow under this Section 3.012.01(c). Canadian Committed Loans may shall be Canadian Prime Rate Committed Loans, Canadian either (A) denominated in U.S. Dollars and comprised entirely of Base Rate Committed Loans, Canadian Dollar CDOR Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans, as further provided herein, or (B) denominated in Canadian Dollars and comprised entirely of Canadian Prime Rate Loans or Acceptances, as further provided herein.

Canadian Committed Loans. Subject to the terms and conditions set forth herein, each Canadian Lender severally agrees to make loans in Canadian Dollars or U.S. Dollars (each such loan, a “Canadian Committed Loan”) to the Canadian Borrower from time to time, on any Canadian Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the Canadian Commitment of such Canadian Lender’s Canadian Commitment; provided, however, that after giving effect to any Canadian Committed Borrowing, (i) the Total Canadian Outstandings (calculated, as necessary, at the U.S. Dollar Equivalent thereof) shall not exceed the lesser of (x) the Aggregate Canadian Commitments, or (y) the Canadian Borrowing Base, and (ii) the aggregate Outstanding Amount of the Canadian Committed Loans of any Canadian Lender, plus such Canadian Lender’s Pro Rata Share Applicable Revolving Credit/Committed Loan Percentage of the Outstanding Amount of all Canadian L/C Obligations, plus Obligations shall not exceed such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian Swing Line Loans plus such Canadian Lender’s Bankers’ Acceptances (in each case, calculated, as necessary, at the U.S. Dollar Equivalent thereof) shall not exceed the Canadian Commitment of such Canadian LenderCommitment. Within the limits of the Canadian Commitment of each Canadian Lender’s Canadian Commitment, and subject to the other terms and conditions hereof, the Canadian Borrower may borrow under this Section 3.012.01(c), prepay under Section 3.062.06, and reborrow under this Section 3.012.01(c). Canadian Committed Loans may shall be Canadian Prime Rate Committed Loans, Canadian either (A) denominated in U.S. Dollars and comprised entirely of Base Rate Committed Loans, Canadian Dollar CDOR Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans, as further provided herein, or (B) denominated in Canadian Dollars and comprised entirely of Canadian Prime Loans or Acceptances, as further provided herein.

Canadian Committed Loans. Subject to the terms and conditions set forth herein, each Canadian Lender severally agrees to make loans in to, and accept or purchase Bankers’ Acceptances from, each Canadian Dollars or U.S. Dollars Facility Borrower from time to time (each such loan, acceptance or purchase, a “Canadian Committed Loan”) to the Canadian Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the Canadian Commitment of such Canadian Lender; provided, however, that after giving effect to any Canadian Committed Borrowing, (i) the Total Canadian Outstandings (calculated, as necessary, at the U.S. US Dollar Equivalent thereof) shall not exceed the Aggregate Canadian Commitments, Commitments and (ii) the aggregate Outstanding Amount of the Canadian Committed Loans of any Canadian Lender, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian L/C Obligations, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian Swing Line Loans plus such Canadian Lender’s Bankers’ Acceptances (in each case, calculated, as necessary, at the U.S. US Dollar Equivalent thereof) shall not exceed the Canadian Commitment of such Canadian Lender. Within the limits of the Canadian Commitment of each Canadian Lender, and subject to the other terms and conditions hereof, the each Canadian Facility Borrower may borrow under this Section 3.01, prepay under Section 3.06, and reborrow under this Section 3.01. Canadian Committed Loans may be (i) Canadian Prime Rate Committed Loans, Canadian Base C$ Eurodollar Rate Committed LoansLoans or Bankers’ Acceptances, in each case available to either Canadian Dollar CDOR Borrower, or (ii) Canadian Base Rate Committed Loans or Canadian U.S. US$ Eurodollar Rate Committed Loans, in each case available to Parent and funded in the United States by Affiliate of the Canadian Lenders in the United States, as further provided herein.

Canadian Committed Loans. Subject to the terms and conditions set forth herein, each Canadian Lender severally agrees to make loans in Canadian Dollars or U.S. Dollars (each such loan, a “Canadian Committed Loan”) to the each Canadian Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the Canadian Commitment of such Canadian Lender; provided, however, that after giving effect to any Canadian Committed Borrowing, (i) the Total Canadian Outstandings (calculated, as necessary, at the U.S. US Dollar Equivalent thereof) shall not exceed the Aggregate Canadian Commitments, and (ii) the aggregate Outstanding Amount of the Canadian Committed Loans of any Canadian Lender, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian L/C Obligations, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian Swing Line Loans plus such Canadian Lender’s Bankers’ Acceptances (in each case, calculated, as necessary, at the U.S. US Dollar Equivalent thereof) shall not exceed the Canadian Commitment of such Canadian Lender. Within the limits of the Canadian Commitment of each Canadian Lender, and subject to the other terms and conditions hereof, the each Canadian Borrower may borrow under this Section 3.01, prepay under Section 3.06, and reborrow under this Section 3.01. Canadian Committed Loans may be Canadian Prime Rate Committed Loans, Canadian Base Rate Committed Loans, Canadian Dollar CDOR Eurodollar Rate Committed Loans or Canadian U.S. US Eurodollar Rate Committed Loans, as further provided herein.

Canadian Committed Loans. Subject to the terms and conditions set forth herein, each Canadian Lender severally agrees to make loans in Canadian Dollars or U.S. Dollars (each such loan, a “"Canadian Committed Loan”") to the each Canadian Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the Canadian Commitment of such Canadian Lender; provided, however, that after giving effect to any Canadian Committed Borrowing, (i) the Total Canadian Outstandings (calculated, DEVON CREDIT AGREEMENT as necessary, at the U.S. US Dollar Equivalent thereof) shall not exceed the Aggregate Canadian Commitments, and (ii) the aggregate Outstanding Amount of the Canadian Committed Loans of any Canadian Lender, plus such Canadian Lender’s 's Pro Rata Share of the Outstanding Amount of all Canadian L/C Obligations, plus such Canadian Lender’s 's Pro Rata Share of the Outstanding Amount of all Canadian Swing Line Loans plus such Canadian Lender’s 's Bankers’ ' Acceptances (in each case, calculated, as necessary, at the U.S. US Dollar Equivalent thereof) shall not exceed the Canadian Commitment of such Canadian Lender. Within the limits of the Canadian Commitment of each Canadian Lender, and subject to the other terms and conditions hereof, the each Canadian Borrower may borrow under this Section 3.01, prepay under Section 3.06, and reborrow under this Section 3.01. Canadian Committed Loans may be Canadian Prime Rate Committed Loans, Canadian Base Rate Committed Loans, Canadian Dollar CDOR Eurodollar Rate Committed Loans or Canadian U.S. US Eurodollar Rate Committed Loans, as further provided herein.

Canadian Committed Loans. Subject to the terms and conditions set forth herein, each Canadian Lender severally agrees to make loans in Canadian Dollars or U.S. Dollars (each such loan, a “"Canadian Committed Loan”" ) to the Canadian Borrower from time to time, on any Canadian Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the Canadian Commitment of such Canadian Lender's Canadian Commitment; provided, however, that after giving effect to any Canadian Committed Borrowing, (i) the Total Canadian Outstandings (calculated, as necessary, at the U.S. Dollar Equivalent thereof) shall not exceed the lesser of (x) the Aggregate Canadian Commitments, or (y) the Canadian Borrowing Base, and (ii) the aggregate Outstanding Amount of the Canadian Committed Loans of any Canadian Lender, plus such Canadian Lender’s Pro Rata Share 's Applicable Percentage of the Outstanding Amount of all Canadian L/C Obligations, plus Obligations shall not exceed such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all 's Canadian Swing Line Loans plus such Canadian Lender’s Bankers’ Acceptances (in each case, calculated, as necessary, at the U.S. Dollar Equivalent thereof) shall not exceed the Canadian Commitment of such Canadian LenderCommitment. Within the limits of the Canadian Commitment of each Canadian Lender's Canadian Commitment, and subject to the other terms and conditions hereof, the Canadian Borrower may borrow under this Section 3.012.01(b), prepay under Section 3.062.06, and reborrow under this Section 3.012.01(b). Canadian Committed Loans may shall be Canadian Prime Rate Committed Loans, Canadian either (A) denominated in U.S. Dollars and comprised entirely of Base Rate Committed Loans, Canadian Dollar CDOR Rate Committed Loans or Canadian U.S. Eurodollar Rate Committed Loans, as further provided herein, or (B) denominated in Canadian Dollars and comprised entirely of Canadian Prime Loans or Acceptances, as further provided herein.