Common use of Canadian Revolving Loan Commitment Clause in Contracts

Canadian Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Canadian Lender severally agrees to make revolving loans (each a "Canadian Revolving Loan" and collectively the "Canadian Revolving Loans") to the Canadian Borrower, in Canadian Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Maturity Date (or such earlier date on which the Canadian Revolving Committed Amount has been terminated as provided herein); provided, however, that (i) the sum of the aggregate amount of Canadian Revolving Loans outstanding plus the aggregate amount of Canadian LOC Obligations outstanding plus the aggregate amount of Canadian Swingline Loans outstanding plus the aggregate Face Amount of Bankers' Acceptances shall not exceed the Canadian Revolving Committed Amount and (ii) with respect to each individual Canadian Lender (other than the Canadian Swingline Lender in its capacity as such), such Lender's pro rata share of outstanding Canadian Revolving Loans plus such Lender's pro rata share of outstanding Canadian LOC Obligations plus such Lender's pro rata share of outstanding Canadian Swingline Loans plus such Lender's pro rata share of the Face Amount of Bankers' Acceptances shall not exceed such Lender's Canadian Revolving Loan Commitment Percentage of the Canadian Revolving Committed Amount. Subject to the terms of this Credit Agreement (including Section 6.2), the Canadian Borrower may borrow, repay and reborrow Canadian Revolving Loans.

Canadian Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Canadian Lender agrees, severally agrees and not jointly, at any time and from time to time from the Effective Date to the Canadian Maturity Date, to make revolving loans (each a "Canadian Revolving Loan" and collectively collectively, the "Canadian Revolving Loans") to the Canadian Borrower, Borrowers in Canadian Dollars or U.S. Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Maturity Date (or such earlier date on which as requested by the Canadian Revolving Committed Amount has been terminated as provided herein)Borrowers; provided, however, that (i) the sum of the aggregate amount of Canadian Revolving Loans outstanding plus the aggregate amount of Canadian LOC Obligations outstanding plus the aggregate amount of Canadian Swingline Loans outstanding plus the aggregate Face Amount of Bankers' Acceptances shall at any one time may not exceed the lesser of the Canadian Borrowing Base and the Canadian Revolving Committed Amount and Loan Commitment; (ii) the aggregate amount of U.S. Revolving Loans outstanding plus Canadian Revolving Loans outstanding plus LOC Obligations outstanding plus the aggregate Face Amount of Bankers' Acceptances at any one time may not exceed the lesser of the Total Borrowing Base and $37,500,000 (U.S.); and (iii) with respect regard to each individual Canadian Lender (other than Lender, the Canadian Swingline Lender in its capacity as such), such Lender's pro rata share of outstanding Canadian Revolving Loans outstanding plus such Lender's pro rata share of outstanding Canadian LOC Obligations outstanding plus such Lender's pro rata share of outstanding Canadian Swingline Loans plus such Lender's pro rata share of the aggregate Face Amount of Bankers' Acceptances at any one time shall not exceed such Canadian Lender's Canadian Revolving Loan Commitment Percentage of the Canadian Revolving Committed AmountLoan Commitment. Subject to Canadian Revolving Loans shall consist of Canadian Base Rate Loans, Eurodollar Loans or the terms creation of this Credit Agreement Bankers' Acceptances (including Section 6.2), or a combination thereof) as the Canadian Borrower Borrowers may request and the Canadian Borrowers may borrow, repay and reborrow in accordance with the terms hereof. All Canadian Revolving LoansLoans advanced on the Effective Date shall be Canadian Base Rate Loans and may thereafter be converted to Eurodollar Loans in accordance with Section 4.1. The Administrative Agent shall have the continuing right to deduct reserves from the Canadian Borrowing Base, and to increase and decrease such reserves from time to time, if and to the extent that in the Administrative Agent's reasonable discretion, such reserves are necessary, including to protect the Lenders' interest in the Canadian Collateral or to protect the Administrative Agent against possible non-payment of Accounts for any reason by account debtors or possible diminution of the value of any of the Canadian Collateral or possible non-payment of any of the Obligations or for any Taxes or in respect of any state of facts that could constitute a Default. The Administrative Agent may, at its option, or shall at the request of the Required Lenders, implement reserves by designating as ineligible a sufficient amount of the Account or Inventory that would otherwise be Eligible Accounts or Eligible Inventory, as the case may be, so as to reduce the Canadian Borrowing Base by the amount of the intended reserves.

Canadian Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Canadian Lender agrees, severally agrees and not jointly, at any time and from time to time from the Effective Date to the Revolving Loans Maturity Date, to make revolving loans (each a "Canadian Revolving Loan" and collectively collectively, the "Canadian Revolving Loans") to the Canadian Borrower, Borrower in Canadian Dollars, at any time dollars or U.S. Dollars and from time to time, during the period from and including the Effective Date to but not including the Maturity Date (or such earlier date on which the Canadian Revolving Committed Amount has been terminated as provided herein)U.S. Borrower in U.S. dollars; provided, however, that (i) the sum of the aggregate amount of Canadian Revolving Loans outstanding plus the aggregate amount of BA Revolving Obligations outstanding plus Canadian LOC Obligations outstanding plus the aggregate amount of Canadian Swingline Loans outstanding plus the aggregate Face Amount of Bankers' Acceptances shall at any one time may not exceed the Canadian Revolving Committed Amount and Loan Commitment; (ii) the aggregate amount of U.S. Revolving Loans outstanding plus Canadian Revolving Loans outstanding plus LOC Obligations outstanding plus BA Revolving Obligations outstanding plus Swing Line Loans outstanding may not exceed $125,000,000 (U.S.); and (iii) with respect regard to each individual Canadian Lender (other than Lender, the Canadian Swingline Lender in its capacity as such), such Lender's pro rata share of outstanding Canadian Revolving Loans outstanding plus such Lender's pro rata share of BA Revolving Obligations outstanding plus Canadian LOC Obligations plus such Lender's pro rata share of outstanding Canadian Swingline Loans plus such Lender's pro rata share of the Face Amount of Bankers' Acceptances shall not exceed such Canadian Lender's Canadian Revolving Loan Commitment Percentage of the Canadian Revolving Committed AmountLoan Commitment. Subject to Canadian Revolving Loans shall consist of Canadian Base Rate Revolving Loans or Eurodollar Revolving Loans as the terms of this Credit Agreement (including Section 6.2), Borrowers may request and the Canadian Borrower Borrowers may borrow, repay and reborrow in accordance with the terms hereof. All Canadian Revolving LoansLoans advanced on the Effective Date shall be Canadian Base Rate Revolving Loans and may thereafter be converted to Eurodollar Revolving Loans or Bankers' Acceptances in accordance with Section 4.1.

Canadian Revolving Loan Commitment. Subject to the terms and conditions set forth herein, each Canadian Lender agrees, severally agrees and not jointly, at any time and from time to time from the Effective Date to the Maturity Date, to make revolving loans (each a "Canadian Revolving Loan" and collectively collectively, the "Canadian Revolving Loans") to the Canadian Borrower, Borrowers in Canadian Dollars or U.S. Dollars, at any time and from time to time, during the period from and including the Effective Date to but not including the Maturity Date (or such earlier date on which as requested by the Canadian Revolving Committed Amount has been terminated as provided herein)Borrowers; provided, however, that (i) the sum of the aggregate amount of Canadian Revolving Loans plus the aggregate Face Amount of Bankers' Acceptances at any time outstanding plus may not exceed the lesser of the Canadian Borrowing Base and the Canadian Revolving Loan Commitment; (ii) the aggregate amount of U.S. Revolving Loans outstanding plus Canadian Revolving Loans outstanding plus LOC Obligations outstanding plus the aggregate amount of Canadian Swingline Loans outstanding plus the aggregate Face Amount of Bankers' Acceptances shall at any time outstanding may not exceed the Canadian Revolving Committed Amount lesser of the Total Borrowing Base and $140,000,000 (U.S.); and (iiiii) with respect regard to each individual Canadian Lender (other than Lender, the Canadian Swingline Lender in its capacity as such), such Lender's pro rata share of outstanding Canadian Revolving Loans outstanding plus such Lender's pro rata share of outstanding Canadian LOC Obligations plus such Lender's pro rata share of outstanding Canadian Swingline Loans plus such Lender's pro rata share of the aggregate Face Amount of Bankers' Acceptances at any time outstanding shall not exceed such Canadian Lender's Canadian Revolving Loan Commitment Percentage of the Canadian Revolving Committed AmountLoan Commitment. Subject to the terms Canadian Revolving Loans shall consist of this Credit Agreement Canadian Base Rate Loans or Eurodollar Loans (including Section 6.2), or a combination thereof) as the Canadian Borrower Borrowers may request and the Canadian Borrowers may borrow, repay and reborrow in accordance with the terms hereof. All Canadian Revolving Loans.Loans advanced on the Effective Date shall be Canadian Base Rate Loans and may thereafter be converted to Eurodollar Loans in accordance with Section 4.1. 42