Common use of Conversions and Elections of Subsequent Interest Periods Clause in Contracts

Conversions and Elections of Subsequent Interest Periods. Provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Article VI hereof, the Canadian Facility Borrower may request a Conversion or Continuation provided that: (a) the proceeds are used to retire the outstanding Canadian Facility Loan (the "Outstanding Loan"); (b) the Conversion or Continuance would otherwise be a permitted Canadian Facility Advance hereunder and the Canadian Facility Borrower complies with each provision hereof relative to the obtaining of a Canadian Facility Advance; (c) the aggregate principal amount of the Conversion or Continuance is not greater than the Outstanding Loan plus accrued interest in the case of Canadian Facility BA Rate Loans rounded up to the nearest CAN $100,000; and (d) each Conversion or Continuance is made contemporaneously with the retirement of the Outstanding Loan. Notice of any such Conversions or Continuation shall be effected by receipt of an appropriate Borrowing Notice and shall specify the effective date of such Conversion or Continuation and the Interest Period to be applicable to the Canadian Facility Loan as Continued or Converted and the Outstanding Loan to be retired. Each Continuation and Conversion pursuant to this Section 4.08 shall be subject to the limitations on Canadian Facility BA Rate Loans set forth in the definition of "Interest Period" herein and in Sections 4.01 and 4.03 and Article VI hereof. All such Continuations or Conversions of Canadian Facility Loans shall be effected pro rata based on the Applicable Fronting Percentages of the Canadian Facility Lenders for the Canadian Facility.

Conversions and Elections of Subsequent Interest Periods. Provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Article VI Sections 4.01(b), 4.02 and 4.03 hereof, TD Canada may, by delivering the Canadian Facility Borrower may Borrowing Notice set out in Exhibit D-2, request a Conversion or Continuation Continuance provided that: (a) the proceeds are used to retire the outstanding Canadian Facility Loan; (b) the notice identifies the outstanding Loan to be retired (the "Outstanding Loan"); (bc) the Conversion or Continuance would otherwise be a permitted Canadian Facility Advance hereunder and the Canadian Facility Borrower complies TD Canada and TDC comply with each provision hereof relative to the obtaining of a Canadian Facility an Advance; (cd) the aggregate principal amount of the Conversion or Continuance is not greater than the Outstanding Loan plus accrued interest in the case of Canadian Facility BA Eurodollar Rate Loans rounded up to the nearest CAN $100,000; and10,000; (de) no Conversions shall be made from one currency to another without first satisfying the original Obligation in the currency of its denomination; (f) each Conversion or Continuance is made contemporaneously with the retirement of the Outstanding Loan. Notice of any such elections or Conversions or Continuation shall be effected by receipt of an appropriate Borrowing Notice and shall specify the effective date of such election or Conversion or Continuation and the Interest Period to be applicable to the Canadian Facility Loan as Continued or Converted and the Outstanding Loan to be retired. Each Continuation and Conversion pursuant to this Section 4.08 shall be subject to the limitations on Canadian Facility BA Rate Loans set forth in the definition of "Interest Period" herein and in Sections 4.01 and 4.03 and Article VI hereofConverted. All such Continuations or Conversions of Canadian Facility Loans shall be effected pro rata based on the Applicable Fronting Commitment Percentages of the Canadian Facility Facilities Lenders for in respect of the Total Canadian FacilityRevolving Credit Commitment.

Conversions and Elections of Subsequent Interest Periods. Provided that no Default or Event of Default shall have occurred and be continuing and subject to the limitations set forth below and in Article ARTICLE VI hereof, the Canadian Facility Borrower may request a Conversion or Continuation provided that: (a) the proceeds are used to retire the outstanding Canadian Facility Loan (the "Outstanding Loan"); (b) the Conversion or Continuance would otherwise be a permitted Canadian Facility Advance hereunder and the Canadian Facility Borrower complies with each provision hereof relative to the obtaining of a Canadian Facility Advance; (c) the aggregate principal amount of the Conversion or Continuance is not greater than the Outstanding Loan plus accrued interest in the case of Canadian Facility BA Rate Loans rounded up to the nearest CAN $100,000; and (d) each Conversion or Continuance is made contemporaneously with the retirement of the Outstanding Loan. Notice of any such Conversions or Continuation shall be effected by receipt of an appropriate Borrowing Notice and shall specify the effective date of such Conversion or Continuation and the Interest Period to be applicable to the Canadian Facility Loan as Continued or Converted and the Outstanding Loan to be retired. Each Continuation and Conversion pursuant to this Section SECTION 4.08 shall be subject to the limitations on Canadian Facility BA Rate Loans set forth in the definition of "Interest Period" herein and in Sections SECTIONS 4.01 and 4.03 and Article ARTICLE VI hereof. All such Continuations or Conversions of Canadian Facility Loans shall be effected pro rata based on the Applicable Fronting Percentages of the Canadian Facility Lenders for the Canadian Facility.