Canadian Dollar Commitments Sample Clauses
Canadian Dollar Commitments. On the terms and subject to the conditions contained in this Agreement, each Canadian Dollar Lender severally agrees to make loans in Canadian Dollars (each a "Canadian Dollar Loan") to the Canadian Borrower from time to time on any Business Day during the period from the date hereof until the Revolving Credit Termination Date in an aggregate principal amount at any time outstanding for all such loans by such Canadian Dollar Lender not to exceed such Canadian Dollar Lender's Canadian Dollar Commitment; provided, however, that at no time shall any Canadian Dollar Lender be obligated to make a Canadian Dollar Loan in excess of such Canadian Dollar Lender's Ratable Portion of the Canadian Dollar Available Credit. Within the limits of the Canadian Dollar Commitment of each Canadian Dollar Lender and the Canadian Dollar Available Credit, amounts of Canadian Dollar Loans repaid may be reborrowed by the Canadian Borrower under this Section 2.1(a)(ii).
Canadian Dollar Commitments. (a) Subject to the terms and --------------------------- conditions hereof, each Canadian Funding Bank severally agrees to make revolving credit loans in Canadian Dollars (the "Canadian Dollar Loans") to VWR --------------------- Canada from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the U.S. Dollar Equivalent of the Canadian Dollar Commitment of such Bank; provided that, no Canadian Dollar -------- ---- Loan shall be made if, after giving effect to the making of such Loan and the simultaneous application of the proceeds thereof, the aggregate amount of the Canadian Dollar Exposure at such time would exceed the Canadian Dollar Borrowing Base as of the date of the most recent Canadian Dollar Borrowing Base Certificate furnished to the Administrative Agent. The Canadian Dollar Commitments may be terminated or reduced from time to time pursuant to subsection 5.5. Within the foregoing limits, VWR Canada may during the Commitment Period borrow, repay and reborrow under the Canadian Dollar Commitments, subject to and in accordance with the terms and limitations hereof.
(b) The Canadian Dollar Loans may from time to time be (i) Canadian Base Rate Loans, (ii) Canadian COF Rate Loans or (iii) a combination thereof, as determined by VWR Canada and notified to the Canadian Funding Banks and the Administrative Agent in accordance with subsections 4.3 and 5.14; provided that, no Canadian Dollar Loan shall be made as a Canadian COF Rate Loan -------- ---- after the date that is one month prior to the Termination Date.
(c) The failure of any Canadian Funding Bank to make any Canadian Dollar Loan shall not in itself relieve any other Canadian Funding Bank of its obligation to lend hereunder (it being understood, however, that no Bank shall be responsible for the failure of any other Bank to make any Loan required to be made by such other Bank). Each Canadian Dollar Loan shall be made in accordance with the procedures set forth in subsection 4.3.