Canadian Term Loans. Each Canadian Lender severally agrees to ------------------- purchase under the Master Assignment Agreement or to lend to Sun Gro Canada and to Lakeland Canada, respectively, on the Closing Date an amount in Dollars not exceeding its Pro Rata Share of the aggregate amount of the Sun Gro Term Loan Commitment and the Lakeland Canada Term Loan Commitment to be used for the purposes identified in subsection 2.5A. The amount of each Canadian Lender's Sun Gro Term Loan Commitment and Lakeland Canada Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed ------------ hereto and the aggregate amount of the Sun Gro Term Loan Commitments is $15,000,000 and of the Lakeland Canada Term Loan Commitments is $5,000,000, respectively; provided that the Canadian Term Loan Commitments of Canadian -------- Lenders shall be adjusted to give effect to any assignments of the Canadian Term Loan Commitments pursuant to subsection 10.1B. Each Canadian Lender's Canadian Term Loan Commitment shall expire immediately and without further action on July 31, 1998 if the Canadian Term Loans are not purchased or made on or before that date. Each Canadian Borrower may make only one borrowing under the Canadian Term Loan Commitments. Amounts borrowed under this subsection 2.1A(ii) and subsequently repaid or prepaid may not be reborrowed.
Canadian Term Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Canadian Term Lenders the aggregate principal amount of all Canadian Term Loans outstanding on the following dates in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) or increased as a result of any increase in the amount of Canadian Term Loans pursuant to Section 2.14 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedules set forth below for the Canadian Term Loans made as of the Closing Date); Date Canadian Term Loan Principal Amortization Amount June 30, 2004 CD 169,250 September 30, 2004 CD 169,250 December 31, 2004 CD 169,250 March 31, 2005 CD 169,250 June 30, 2005 CD 169,250 September 30, 2005 CD 169,250 December 31, 2005 CD 169,250 March 31, 2006 CD 169,250 June 30, 2006 CD 169,250 September 30, 2006 CD 169,250 December 31, 2006 CD 169,250 March 31, 2007 CD 169,250 June 30, 2007 CD 169,250 September 30, 2007 CD 169,250 December 31, 2007 CD 169,250 March 31, 2008 CD 169,250 June 30, 2008 CD 169,250 September 30, 2008 CD 169,250 December 31, 2008 CD 169,250 March 31, 2009 CD 169,250 June 30, 2009 CD 169,250 September 30, 2009 CD 169,250 December 31, 2009 CD 169,250 March 31, 2010 CD 169,250 June 30, 2010 CD 15,909,500 September 30, 2010 CD 15,909,500 December 31, 2010 CD 15,909,500 March 31, 2011 CD 15,909,500 62 provided, however, that the final principal repayment installment of the Canadian Term Loans shall be repaid on the Maturity Date for the Facility under which such Loans were made and in any event shall be in an amount equal to the aggregate principal amount of all Canadian Term Loans outstanding on such date.
Canadian Term Loans. Subject to the terms and conditions set forth herein, each Canadian Term Loan Lender severally agrees to make a single loan (each a “Canadian Term Loan” and collectively, the “Canadian Term Loans”) to the Borrowers, in Canadian Dollars, on the Closing Date in an amount equal to such Canadian Term Loan Lender’s Canadian Term Loan Commitment; provided that the aggregate Outstanding Amount of all such Canadian Term Loans shall not exceed ONE HUNDRED TWENTY FIVE MILLION CANADIAN DOLLARS (CAD$125,000,000) (as such amount may be increased or decreased in accordance with the provisions hereof). Canadian Term Loans repaid or prepaid may not be reborrowed. Canadian Term Loans may only be made as Eurocurrency Loans, as further provided herein.
Canadian Term Loans. The Borrowers shall repay to the Canadian Term Loan Lenders on the Canadian Term Loan Maturity Date the aggregate principal amount of Canadian Term Loans outstanding on such date.
Canadian Term Loans. Subject to the terms and conditions set forth in this Credit Agreement, each Canadian Lender that has a Canadian Term Loan Commitment severally agrees to make Canadian Term Loans in Dollars or Canadian Dollars to one or more of the Canadian Borrowers on a joint and several basis on the Closing Date in an aggregate amount not exceeding such Lender's Proportionate Share of the aggregate amount of the Canadian Term Loan Commitments to be used for the purposes identified in SECTION 7.11. The amount of each Lender's Canadian Term Loan Commitment is set forth opposite its name on Annex 1 annexed hereto and the aggregate amount of the Canadian Term Loan Commitments is $3,000,000; provided, that the amount of the Canadian Term Loan Exposure shall be reduced from time by the amount of any payments applied to the principal thereof pursuant to SECTION 2.4. Each Lender's Canadian Term Loan Commitment shall expire immediately and without further action on January 31, 2003 if the Canadian Term Loans are not made on or before that date. The Canadian Borrowers may make only one borrowing under the Canadian Term Loan Commitments. Amounts borrowed under this Section 2.1(a)(ii) and subsequently repaid or prepaid may not be reborrowed.
Canadian Term Loans. Canadian Borrowers shall make principal payments on the Canadian Term Loans in the currency in which such Loans were made in installments on the dates and in the amounts set forth below: DATE SCHEDULED REPAYMENT ---- ------------------- March 31, 2003 $ 107,142.86 June 30, 2003 $ 107,142.86 September 30, 2003 $ 107,142.86 DATE SCHEDULED REPAYMENT ---- ------------------- December 31, 2003 $ 107,142.86 March 31, 2004 $ 107,142.86 June 30, 2004 $ 107,142.86 September 30, 2004 $ 107,142.86 December 31, 2004 $ 107,142.86 March 31, 2005 $ 107,142.86 June 30, 2005 $ 107,142.86 September 30, 2005 $ 107,142.86 December 31, 2005 $ 107,142.86 March 31, 2006 $ 107,142.86 June 30, 2006 $ 107,142.86 September 30, 2006 $ 107,142.86 December 18, 2006 $1,392,857.10 provided that the scheduled installments of principal of the Canadian Term Loans set forth above shall be reduced in connection with any voluntary or mandatory prepayments of the Canadian Term Loans in accordance with Sections 2.4(g) and 2.4(h); and provided, further that the Canadian Term Loans and all other amounts owed hereunder with respect to the Canadian Term Loans shall be paid in full no later than the Expiration Date, and the final installment payable by Canadian Borrowers in respect of the Canadian Term Loans on such date shall be in an amount, if such amount is different from that specified above, sufficient to repay all amounts owing by Canadian Borrowers under this Credit Agreement with respect to the Canadian Term Loans.
Canadian Term Loans. The Canadian Term Loans shall ------------------- have been repaid in full, and all accrued and unpaid interest and other amounts owing by the Canadian Borrower in respect thereof shall have been paid in full.
Canadian Term Loans. 35 2.11 US Term Notes and Repayment....................................35 2.12
Canadian Term Loans. Subject to the terms and conditions hereof, each Canadian Term Loan Lender severally agrees to continue or, as applicable, make term loans to the Canadian Borrower (such loans, the "Canadian Term Loans") on the Closing Date in the principal amount set forth opposite such Lender's name in Schedule 1.1A under the heading "Canadian Term Loan Commitment". The Canadian Term Loans shall be denominated in US$ and may from time to time be Eurodollar Loans, ABR Loans or a combination thereof, as determined by the Canadian Borrower and notified to the Canadian Administrative Agent in accordance subsections 2.14 and 4.4, as the case may be.
Canadian Term Loans. 36 2.10 US Tranche A Term Notes and Repayment ...................... 36 2.11 US Tranche B Term Notes and Repayment ...................... 37 2.12 Canadian Tranche A Term Repayment .......................... 38 2.13 Canadian Tranche B Term Notes .............................. 38 2.14 Procedure for Term Loan Borrowing .......................... 39 2.15
