Common use of During Canadian Revolving Period Clause in Contracts

During Canadian Revolving Period. Subject to the terms and conditions hereof, either Canadian Borrower may borrow, repay, and reborrow hereunder during the Canadian Revolving Period, so long as (i) the applicable Canadian Borrower gives notice to Canadian Agent by 2:00 p.m., Toronto, Ontario time on the Business Day immediately preceding the date of prepayment (and Canadian Agent shall give each Lender notice thereof by 4:30 p.m. Toronto, Ontario time on the date such notice is received from the applicable Borrower if it receives such Borrowing Notice by 11:00 a.m., Toronto, Ontario time, otherwise on the next Business Day) all partial prepayments of principal concurrently paid on the Canadian Loans are increments of $100,000 in the Applicable Currency and in an aggregate amount greater than or equal to $1,000,000 in the Applicable Currency and (ii) the applicable Canadian Borrower pays all amounts owing in connection with the prepayment of any Eurodollar Loan owing under Section 3.6.

Appears in 4 contracts

Samples: Credit Agreement (Devon Energy Corp /Ok/), Canadian Credit Agreement (Devon Energy Corp/De), Credit Agreement (Devon Energy Corp/De)

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