Canadian Dollar Conversion. (i) The Canadian Debtors have elected to convert a portion of the Sale Proceeds, not to exceed US$1.2
Canadian Dollar Conversion. The documentation for the Acquisition requires that the consideration paid to the Seller in connection with the Acquisition be in Canadian Dollars. In order to facilitate the closing of the Acquisition, it is hereby understood and agreed that the Administrative Agent shall be entitled, at the request of the Borrower, to convert the proceeds of the US Term Loan Advance to Canadian Dollars prior to consummation of the Acquisition, on terms and conditions reasonably satisfactory to the Administrative Agent and the Borrower (such proceeds to at all times be held in escrow by the Administrative Agent as described above until consummation of the Acquisition). If the Acquisition is not consummated on or before the Acquisition Date, the Administrative Agent will convert any such Canadian Dollars to U.S. dollars prior to applying the US Term Loan Advance proceeds to the prepayment of the US Term Loan Advance required by Section 5.2. It is here hereby understood and agreed that the Borrower will be responsible for, and shall reimburse the Administrative Agent and the Lenders for and indemnify the Administrative Agent and the Lenders against, any loss resulting from fluctuations in the foreign currency exchange rates and any costs, fees, expenses, charges or other amounts incurred in connection with the conversion contemplated hereby.
