Common use of Canadian Revolving Credit Commitments Clause in Contracts

Canadian Revolving Credit Commitments. The Canadian Borrowers shall jointly and severally pay to the Canadian Administrative Agent for the account of and distribution to each Canadian Revolving Lender in accordance with its Canadian Revolving Credit Percentage a commitment fee, for the period commencing on the Closing Date to and including the Maturity Date (or such earlier date as the Canadian Revolving Credit Commitments shall have been terminated entirely), computed at a rate per annum equal to the Applicable Margin, on the average daily excess amount of the Canadian Revolving Credit Commitments over the Canadian Revolving Credit Exposure. The commitment fees on the Canadian Revolving Credit Commitments earned from and after the Closing Date shall be payable in arrears on the first Business Day of each month commencing after the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Gerdau Ameristeel Corp)

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Canadian Revolving Credit Commitments. The Canadian Borrowers shall jointly and severally pay to the Canadian Administrative Agent for the account of and distribution to each Canadian Revolving Lender in accordance with its Canadian Revolving Credit Percentage a commitment fee, fee for the period commencing on the Closing Date Date, to and including the Maturity Date (or such earlier date as the Canadian Revolving Credit Commitments shall have been terminated entirely), ) computed at a rate per annum equal to the Applicable Margin, Commitment Fee Percentage on the average daily excess amount of the Canadian Revolving Credit Commitments over the Canadian Revolving Credit Exposure. The commitment fees on the Canadian Revolving Credit Commitments earned from and after the Closing Date shall be payable in arrears on the first Business Day of each month Quarterly Date, commencing after the Closing Dateon July 1, 2002.

Appears in 1 contract

Samples: Credit Agreement (Maverick Tube Corporation)

Canadian Revolving Credit Commitments. The Canadian Borrowers shall jointly and severally pay to the Canadian Administrative Agent for the account of and distribution to each Canadian Revolving Lender in accordance with its Canadian Revolving Credit Percentage a commitment fee, for the period commencing on the Closing Date to and including the Maturity Date (or such earlier date as the Canadian Revolving Credit Commitments shall have been terminated entirely), computed at a rate per annum equal to the Applicable Margin, on the average daily excess amount of the Canadian Revolving Credit Commitments over the Canadian Revolving Credit Exposure. The commitment fees on the Canadian Revolving Credit Commitments earned from and after the Closing Date shall be payable in arrears on the first Business Day of each month month, commencing after the Closing Dateon June 30, 2003.

Appears in 1 contract

Samples: Credit Agreement (Gerdau Ameristeel Corp)

Canadian Revolving Credit Commitments. The Canadian Borrowers shall jointly and severally pay to the Canadian Administrative Agent for the account of and distribution to each Canadian Revolving Lender in accordance with its Canadian Revolving Credit Percentage a commitment fee, fee for the period commencing on the Closing Date Date, to and including the Maturity Date (or such earlier date as the Canadian Revolving Credit Commitments shall have been terminated entirely), ) computed at a rate per annum equal to the Applicable Margin, Commitment Fee Percentage on the average daily excess amount of the Canadian Revolving Credit Commitments over the Canadian Revolving Credit Exposure. The commitment fees on the Canadian Revolving Credit Commitments earned from and after the Closing Date shall be payable in arrears on the first Business Day of each month Quarterly Date, commencing after the Closing Dateon January 1, 2003.

Appears in 1 contract

Samples: Credit Agreement (Maverick Tube Corporation)

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Canadian Revolving Credit Commitments. The Canadian Borrowers shall jointly and severally pay to the Canadian Administrative Agent for the account of and distribution to each Canadian Revolving Lender in accordance with its Canadian Revolving Credit Percentage a commitment fee, fee for the period commencing on the Closing Date Date, to and including the Maturity Date (or such earlier date as the Canadian Revolving Credit Commitments shall have been terminated entirely), ) computed at a rate per annum equal to the Applicable Margin, Rate on the average daily excess amount of the Canadian Revolving Credit Commitments over the Canadian Revolving Credit Exposure. The commitment fees on the Canadian Revolving Credit Commitments earned from and after the Closing Date shall be payable in arrears on the first Business Day of each month Quarterly Date, commencing after the Closing Dateon June 30, 2005.

Appears in 1 contract

Samples: Stock Purchase Agreement (Maverick Tube Corporation)

Canadian Revolving Credit Commitments. The Canadian Borrowers shall jointly and severally pay to the Canadian Administrative Agent for the account of and distribution to each Canadian Revolving Lender in accordance with its Canadian Revolving Credit Percentage a commitment fee, fee for the period commencing on the Closing Date Date, to and including the Maturity Date (or such earlier date as the Canadian Revolving Credit Commitments shall have been terminated entirely), ) computed at a rate per annum equal to the Applicable Margin, Rate on the average daily excess amount of the Canadian Revolving Credit Commitments over the Canadian Revolving Credit Exposure. The commitment fees on the Canadian Revolving Credit Commitments earned from and after the Closing Date shall be payable in arrears on the first Business Day of each month Quarterly Date, commencing after the Closing Dateon September 30, 2005.

Appears in 1 contract

Samples: Credit Agreement (Maverick Tube Corporation)

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