Common use of Canadian Revolving Credit Commitments Clause in Contracts

Canadian Revolving Credit Commitments. Subject to Section 2.9(i) hereof, the Dollar Equivalent of each Canadian Lender's Canadian Revolving Credit Exposure shall not exceed at any one time the amount set forth opposite such Canadian Lender's name on Annex I under the caption "Canadian Revolving Credit Commitment" (as the same may be reduced pursuant to Section 2.10 or otherwise from time to time modified pursuant to Section 10.7, its "Canadian Revolving Credit Commitment," and collectively for all Canadian Lenders, the "Canadian Revolving Credit Commitments"; provided, however, that, the Dollar Equivalent of the Aggregate Canadian Revolving Credit Exposure at any one time outstanding shall not exceed the Canadian Maximum Available Amount in effect at such time. Within the foregoing limits and subject to the conditions set forth in Article 3, the Canadian Borrowers may obtain Borrowings of Canadian Revolving Credit Loans, repay or prepay such Canadian Revolving Credit Loans, and reborrow such Canadian Revolving Credit Loans.

Appears in 1 contract

Samples: Credit Agreement (Maverick Tube Corporation)

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Canadian Revolving Credit Commitments. Subject to Section 2.9(i2.7(i) hereof, the Dollar Equivalent of each Canadian Lender's Canadian Revolving Credit Exposure shall not exceed at any one time the amount set forth opposite such Canadian Lender's name on Annex I under the caption "Canadian Revolving Credit Commitment" (as the same may be reduced pursuant to Section 2.10 2.8 or otherwise from time to time modified pursuant to Section Sections 2.5 or 10.7, its "Canadian Revolving Credit CommitmentCANADIAN REVOLVING CREDIT COMMITMENT," and collectively for all Canadian Lenders, the "Canadian Revolving Credit CommitmentsCANADIAN REVOLVING CREDIT COMMITMENTS"); provided, however, that, the Dollar Equivalent of the Aggregate Canadian Revolving Credit Exposure at any one time outstanding shall not exceed the Canadian Maximum Available Amount in effect at such time. Within the foregoing limits and subject to the conditions set forth in Article 3, the Canadian Borrowers may obtain Borrowings of Canadian Revolving Credit Loans, repay or prepay such Canadian Revolving Credit Loans, and reborrow such Canadian Revolving Credit Loans.

Appears in 1 contract

Samples: Credit Agreement (Maverick Tube Corporation)

Canadian Revolving Credit Commitments. Subject to Section 2.9(i) hereof, the Dollar Equivalent of each Canadian Lender's Canadian Revolving Credit Exposure shall not exceed at any one time the amount set forth opposite such Canadian Lender's name on Annex I under the caption "Canadian Revolving Credit Commitment" (as the same may be reduced pursuant to Section 2.10 or otherwise from time to time modified pursuant to Section 10.7, its "Canadian Revolving Credit CommitmentCANADIAN REVOLVING CREDIT COMMITMENT," and collectively for all Canadian Lenders, the "Canadian Revolving Credit CommitmentsCANADIAN REVOLVING CREDIT COMMITMENTS"; provided, however, that, that the Dollar Equivalent of the Aggregate Canadian Revolving Credit Exposure at any one time outstanding shall not exceed the Canadian Maximum Available Amount in effect at such time. Within the foregoing limits and subject to the conditions set forth in Article 3, the Canadian Borrowers may obtain Borrowings of Canadian Revolving Credit Loans, repay or prepay such Canadian Revolving Credit Loans, and reborrow such Canadian Revolving Credit Loans.

Appears in 1 contract

Samples: Credit Agreement (Maverick Tube Corporation)

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Canadian Revolving Credit Commitments. Subject to Section 2.9(i2.7(i) hereof, the Dollar Equivalent of each Canadian Lender's Canadian Revolving Credit Exposure shall not exceed at any one time the amount set forth opposite such Canadian Lender's name on Annex I under the caption "Canadian Revolving Credit Commitment" (as the same may be reduced pursuant to Section 2.10 2.8 or otherwise from time to time modified pursuant to Section Sections 2.5 or 10.7, its "Canadian Revolving Credit CommitmentCANADIAN REVOLVING CREDIT COMMITMENT," and collectively for all Canadian Lenders, the "Canadian Revolving Credit CommitmentsCANADIAN REVOLVING CREDIT COMMITMENTS"; provided, however, that, the Dollar Equivalent of the Aggregate Canadian Revolving Credit Exposure at any one time outstanding shall not exceed the Canadian Maximum Available Amount in effect at such time. Within the foregoing limits and subject to the conditions set forth in Article 3, the Canadian Borrowers may obtain Borrowings of Canadian Revolving Credit Loans, repay or prepay such Canadian Revolving Credit Loans, and reborrow such Canadian Revolving Credit Loans.

Appears in 1 contract

Samples: Stock Purchase Agreement (Maverick Tube Corporation)

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