Common use of Canadian Revolving Credit Commitments Clause in Contracts

Canadian Revolving Credit Commitments. Subject to the terms and conditions hereof, each Canadian Lender, by its acceptance hereof, severally agrees to make a loan or loans (individually a “Canadian Revolving Loan” and collectively for all the Canadian Lenders the “Canadian Revolving Loans”) in Canadian Dollars or U.S. Dollars to Canadian Borrower from time to time on a revolving basis up to the amount of such Canadian Lender’s Canadian Revolving Credit Commitment, subject to any reductions thereof pursuant to the terms hereof, before the Termination Date. The sum of the U.S. Dollar Equivalent of the aggregate principal amount of Canadian Revolving Loans and Canadian L/C Obligations at any time outstanding shall not exceed the lesser of (i) the Canadian Revolving Credit Commitments in effect at such time and (ii) the Canadian Borrowing Base as then determined and computed. Each Borrowing of Canadian Revolving Loans shall be made ratably by the Canadian Lenders in proportion to their respective Canadian Revolver Percentages. As provided in Section 2.6(a), Canadian Borrower may elect that Canadian Revolving Loans be outstanding (i) if denominated in Canadian Dollars, as Canadian Prime Rate Loans and (ii) if denominated in U.S. Dollars, as Base Rate Loans or Eurodollar Loans. Canadian Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to the terms and conditions hereof. All Canadian Revolving Loans outstanding under the Existing Credit Agreement on the Closing Date shall remain outstanding as the initial Borrowing of Canadian Revolving Loans under this Agreement.

Canadian Revolving Credit Commitments. Subject to the terms and conditions hereof, each Canadian LenderLender with a Canadian Revolving Credit Commitment, by its acceptance hereof, severally agrees to make a loan or loans (individually a “Canadian Revolving Loan” and collectively for all the Canadian Lenders the “Canadian Revolving Loans”) in Canadian Dollars to the Canadian Borrowers (or U.S. Dollars to Canadian Borrower any of them individually) from time to time on a revolving basis up to the amount of such Canadian Lender’s Canadian Revolving Credit Commitment, subject to any reductions thereof pursuant to the terms hereof, before the Revolving Credit Termination Date. The sum of the U.S. Dollar Equivalent of the aggregate principal amount of Canadian Revolving Loans and Canadian L/C Obligations at any time outstanding shall not exceed the lesser of (i) the Canadian Revolving Credit Commitments in effect at such time and (ii) the Canadian Borrowing Base as then determined and computedtime. Each Borrowing of Canadian Revolving Loans shall be made ratably by the Canadian Lenders in proportion to their respective Canadian Revolver Percentages. As provided in Section 2.6(a)1.6(a) hereof, the Canadian Borrower Borrowers may elect that each Borrowing of Canadian Revolving Loans be outstanding (i) if either Canadian Base Rate Loans or Eurocurrency Loans denominated in Canadian Dollars, as Canadian Prime Rate Loans and (ii) if denominated in U.S. Dollars, as Base Rate Loans or Eurodollar Loans. Canadian Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject to the terms and conditions hereof. All Canadian Revolving Loans outstanding under the Existing Credit Agreement on the Closing Date shall remain outstanding as the initial Borrowing of Canadian Revolving Loans under this Agreement.

Canadian Revolving Credit Commitments. Subject to the terms and conditions hereof, each Canadian Lender, by its acceptance hereof, severally agrees to make a loan or loans (individually a “Canadian Revolving Loan” and collectively for all the Canadian Lenders the “Canadian Revolving Loans”) in Canadian Dollars or U.S. Dollars to Canadian Borrower from time to time on a revolving basis up to the amount of such Canadian Lender’s Canadian Revolving Credit Commitment, subject to any reductions thereof pursuant to the terms hereof, before the Termination Date. The sum of the U.S. Dollar Equivalent of the aggregate principal amount of Canadian Revolving Loans and Canadian L/C Obligations at any time outstanding shall not exceed the lesser of (i) the Canadian Revolving Credit Commitments in effect at such time and (ii) the Canadian Borrowing Base as then determined and computed. Each Borrowing of Canadian Revolving Loans shall be made ratably by the Canadian Lenders in proportion to their respective Canadian Revolver Percentages. As provided in Section 2.6(a), Canadian Borrower may elect that Canadian Revolving Loans be outstanding (i) if denominated in Canadian Dollars, as Canadian Prime Rate Loans and (ii) if denominated in U.S. Dollars, as Base Rate Loans or Eurodollar Loans. Canadian Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to the terms and conditions hereof. All Canadian Revolving Loans outstanding under the Existing Credit Agreement on the Closing Date shall remain outstanding as the initial Borrowing of Canadian Revolving Loans under this Agreement.