Canadian Revolving Loans Sample Clauses

Canadian Revolving Loans. Subject to the terms and conditions hereof, each Canadian Lender severally agrees, on the terms and conditions hereinafter set forth, to make revolving credit loans ("Canadian Revolving Loans") to the Canadian Borrower, in Canadian Dollars or in U.S. Dollars, from time to time during the Commitment Period in an aggregate principal Dollar Amount at any one time outstanding not to exceed the amount of such Lender's Commitment Percentage of ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "Canadian Revolving Committed Amount"); provided that with regard to each individual Canadian Lender the Dollar Amount of such Canadian Lender's pro rata share of Canadian Revolving Loans outstanding plus the Face Amount of Bankers' Acceptances outstanding shall not exceed such Canadian Lender's Commitment Percentage of the Canadian Revolving Committed Amount. During the Commitment Period the Canadian Borrower may use the Canadian Revolving Committed Amount by borrowing, prepaying the Canadian Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof; provided that in no event shall the aggregate Dollar Amount with respect to principal of all Canadian Revolving Loans plus the Face Amount of all Bankers' Acceptances at any one time outstanding exceed the Canadian Revolving Committed Amount.
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Canadian Revolving LoansSubject to and upon the terms and conditions set forth herein, each Canadian Revolving Lender severally agrees, at any time and from time to time on and after the Effective Date and prior to the Revolving Loan Maturity Date, to make a revolving loan or revolving loans (each a “Canadian Revolving Loan” and, collectively, the “Canadian Revolving Loans”) to each Canadian Revolving Borrower, which Canadian Revolving Loans: (i) shall be made and maintained in Canadian Dollars; (ii) except as hereafter provided, shall, at the option of the applicable Canadian Revolving Borrower, be incurred and maintained as, and/or converted into, one or more Borrowings of (x) Canadian Prime Rate Loans or (y) CDOR Rate Loans; (iii) may be repaid and reborrowed in accordance with the provisions hereof; (iv) shall not be made (and shall not be required to be made) by any Canadian Revolving Lender in any instance where the incurrence thereof (after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to simultaneously repay any Canadian Revolving Loans theretofore outstanding) would cause the Individual Canadian RL Exposure of such Canadian Revolving Lender to exceed the Canadian Revolving Loan Commitment of such Canadian Revolving Lender at such time; and (v) shall not be made (and shall not be required to be made) by any Canadian Revolving Lender in any instance where the incurrence thereof (after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to simultaneously repay any Canadian Revolving Loans theretofore outstanding) would cause the Aggregate Canadian RL Exposure to exceed the Total Canadian Revolving Loan Commitment at such time.
Canadian Revolving Loans. Each Canadian Lender’s funded portion of the Canadian Revolving Loans is intended by the Canadian Lenders to be equal at all times to such Canadian Lender’s Pro Rata Share of the outstanding Canadian Revolving Loans. Notwithstanding such agreement, the Agent and the other Canadian Lenders agree (which agreement shall not be for the benefit of or enforceable by the Canadian Borrower) that in order to facilitate the administration of this Agreement and the other Loan Documents, settlement among them as to the Canadian Revolving Loans, the Canadian Agent Advances and the Overdraft Accommodations shall take place on a periodic basis in accordance with the following provisions: (i) The Agent shall request settlement (“Canadian Revolving Loan Settlement”) with the Canadian Lenders on at least a weekly basis or on a more frequent basis at the Agent’s election, (A) for itself, with respect to the Agent Advance and for Royal Bank, with respect to the Overdraft Accommodation, and (B) with respect to collections received, in each case, by notifying the Canadian Lenders of such requested Canadian Revolving Loan Settlement by telecopy, telephone or other similar form of transmission, of such requested Canadian Revolving Loan Settlement, no later than 12:00 noon (Toronto time) on the date of such requested Canadian Revolving Loan Settlement (the “Canadian Revolving Loan Settlement Date”). Each Canadian Lender (other than the Agent in the case of Canadian Agent Advances and the Royal Bank in the case of Overdraft Accommodations) shall transfer the amount of such Canadian Lender’s Pro Rata Share of the outstanding principal amount of the Canadian Agent Advances and Overdraft Accommodations with respect to each Canadian Revolving Loan Settlement to the Agent, to the Agent’s account, not later than 2:00 p.m. (Toronto time), on the Canadian Revolving Loan Settlement Date applicable thereto (such transfer to be made in the same currency as the currency of the applicable Canadian Agent Advances and Overdraft Accommodations). Canadian Revolving Loan Settlements may occur during the continuation of a Default or an Event of Default and whether or not the applicable conditions precedent set forth in Article 8 have then been satisfied. Such amounts made available to the Agent or Royal Bank shall be applied against the amounts of the applicable Agent Advance or Overdraft Accommodation and, together with the portion of such Agent Advance or Overdraft Accommodation representing Royal ...
Canadian Revolving Loans. The Canadian Borrower may borrow under the Canadian Revolving Committed Amount during the Commitment Period on any Business Day, provided that the Canadian Borrower shall give the Canadian Administrative Agent irrevocable notice (which notice must be received by the Canadian Administrative Agent prior to 11:00 A.M., Toronto, Ontario time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Canadian Revolving Loans are to be initially Eurodollar Loans or (b) one Business Day prior to the requested Borrowing Date, otherwise), substantially in the form of Exhibit F, specifying (i) the amount to be borrowed and the requested currency, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, Base Rate Loans or a combination thereof, and the respective amounts of each such Type of Loan, and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the respective lengths of the initial Interest Periods therefor. Each borrowing under the Canadian Revolving Committed Amount shall be in an amount equal to (x) in the case of Loans denominated in U.S. Dollars, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, with respect to Base Rate Loans only, if the then available amount under the Canadian Revolving Committed Amount is less than $5,000,000, such lesser amount) and (y) in the case of Loans denominated in Canadian Dollars, a multiple of C$1,000,000 in excess of an amount of Canadian Dollars having a Dollar Amount of $5,000,000. Upon receipt of any such notice from the Canadian Borrower, the Canadian Administrative Agent shall promptly notify each Canadian Lender thereof. Each Canadian Lender will make the amount of its pro rata share of each borrowing available to the Canadian Administrative Agent for the account of the Canadian Borrower at the office of the Canadian Administrative Agent specified in subsection 9.2 prior to 11:00 A.M., Toronto, Ontario time, on the Borrowing Date and in the currency requested by the Canadian Borrower in funds immediately available to the Canadian Administrative Agent. Such borrowing will then be made available to the Canadian Borrower by the Canadian Administrative Agent crediting the account of the Canadian Borrower on the books of such office with the aggregate of the amounts made available to the Canadian Administrative Agent by the Canadian Lenders and in like funds as received by the Canadian Administrative Agent.
Canadian Revolving Loans. Promptly, but in any event no later than 2:00 P.M. New York City time on the date specified in each Notice of Borrowing, each Canadian Lender will make available its proportionate share, if any, of each Canadian Borrowing requested to be made on such date to the Revolver Agent at the Canadian Payment Office in Canadian Dollars and in immediately available funds and the Canadian Administrative Branch of the Revolver Agent promptly will make available to the appropriate Canadian Borrower by depositing to its account at the Canadian Payment Office (or such other account in Canada as such Canadian Borrower shall specify) the aggregate of the amounts so made available in the type of funds received.
Canadian Revolving Loans. The Canadian Borrower shall have the right, at its election, to repay the outstanding amount of the Canadian Revolving Loans, as a whole or in part, at any time without penalty or premium, provided that any full or partial prepayment of the outstanding amount of any Canadian Revolving Loan pursuant to this §4.3.3 made on a day other than the last day of the Interest Period relating thereto shall be subject to compliance with §6.
Canadian Revolving LoansFrom time to time on or after the Effective Date and during the Availability Period, each Canadian Lender shall make loans under this Section 2.1(b) to Canadian Borrower in an aggregate principal amount at any one time outstanding (including such Canadian Lender's Commitment Percentage of all Bankers' Acceptance Liabilities and all Letter of Credit Liabilities relating to Canadian Letters of Credit at such time) up to but not exceeding such Canadian Lender's Commitment Percentage of the Maximum Canadian Available Amount. Subject to the conditions in this Agreement, any such Canadian Revolving Loan repaid prior to the Termination Date may be reborrowed pursuant to the terms of this Agreement; provided, that any and all such Canadian Revolving Loans shall be due and payable in full on the Termination Date. Loans made under this Section 2.1(b) may, at the option of Canadian Borrower, be made and denominated either in Dollars or in Canadian Dollars (but all Loans to be made under a particular borrowing must be made and denominated in the same currency). The aggregate of all Canadian Revolving Loans to be made by the Canadian Lenders in connection with a particular borrowing shall be equal to the lesser of (i) the unutilized portion of the Canadian Commitments or (ii) $500,000 or any integral multiple of $100,000 in excess thereof (if the Loans are denominated in Dollars) or C$500,000 or any integral multiple of C$100,000 in excess thereof (if the Loans are denominated in Canadian Dollars). Notwithstanding anything else contained in Sections 3.1, 4.3 and 5.2, the Canadian Borrower may borrow Canadian Dollars by way of overdraft and any such Borrowings shall be deemed (i) to be an advance of and be outstanding as a Canadian Prime Loan from the date such overdraft is honored and (ii) to be a representation and warranty by the Canadian Borrower that at the time any such overdraft is honored all of the conditions contained in Section 5.2 (other than paragraph (b) thereof) have been satisfied.
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Canadian Revolving Loans. Subject to the terms and conditions set forth herein, each Canadian Revolving Lender agrees to make Canadian Revolving Loans in Canadian Dollars to the Canadian Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Canadian Lender's Canadian Revolving Subfacility Credit Exposure exceeding such Canadian Lender's Canadian Revolving Subfacility Commitment or (ii) the total Canadian Revolving Subfacility Credit Exposures exceeding the lesser of (x) the sum of the total Canadian Revolving Subfacility Commitments of the Canadian Revolving Lenders or (y) the Canadian Borrowing Base, subject to the Administrative Agent's authority, in its sole discretion, to make Protective Advances pursuant to the terms of Section 2.05. Within the foregoing limits and subject to the terms and conditions set forth herein, the Canadian Borrower may borrow, prepay and reborrow Canadian Revolving Loans.
Canadian Revolving Loans. On any day on which the Aggregate Canadian RL Exposure exceeds the Total Canadian Revolving Loan Commitment as then in effect, the Canadian Revolving Borrowers shall prepay on such day the principal of outstanding Canadian Revolving Loans in an amount equal to such excess.
Canadian Revolving Loans. The Canadian Borrower shall repay to the applicable Lenders on the Maturity Date, the aggregate outstanding principal amount of all Canadian Revolving Loans of the Revolving Lenders.
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