Common use of Canadian Revolving Loans Clause in Contracts

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. From 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 under the Canadian Revolving Committed Amount during the Commitment Period on Dollars by way of overdraft and any Business Day, provided that the Canadian Borrower such Borrowings 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 deemed (i) the amount to be borrowed an advance of and be outstanding as a Canadian Prime Loan from the requested currency, date such overdraft is honored and (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, Base Rate Loans or a combination thereof, representation 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 warranty by the Canadian Borrower in funds immediately available to that at the Canadian Administrative Agent. Such borrowing will then be made available to the Canadian Borrower by the Canadian Administrative Agent crediting the account time any such overdraft is honored all 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 conditions contained in like funds as received by the Canadian Administrative AgentSection 5.2 (other than paragraph (b) thereof) have been satisfied.