Common use of Floating Rate Pricing based on Grid Clause in Contracts

Floating Rate Pricing based on Grid. Pricing applicable to each loan made available under Facility #3 is as follows: - Prime-based loans: Interest is payable in Canadian dollars at Prime plus the Applicable Facility #3 Margin per annum - U.S. Prime-based loans: Interest is payable in U.S. dollars at U.S. Prime plus the Applicable Facility #3 Margin per annum - Guaranteed Notes: Acceptance fee is payable in Canadian dollars at the Applicable Facility #3 Margin per annum - Libor-based loans: Interest is payable in U.S. dollars at Libor plus the Applicable Facility #3 Margin per 360-day period - [delete if not applicable] Non-refundable [insert facility fee if demand facility, or insert standby fee if term facility] calculated at a rate equal to the Applicable Facility #3 Margin is payable monthly in Canadian dollars on the last day of each month, calculated daily on the unused portion of the authorized amount of Facility #3 (with all amounts outstanding in U.S. dollars being converted to the Equivalent Amount in Canadian dollars). - The Applicable Facility #3 Margin shall be equal to the percentage rate per annum (or, in the case of Libor-based loans, per 360-day period) set out in the following table opposite the applicable Net Debt to EBITDA ratio [modify if necessary to describe applicable ratio] for the Borrower at the time of determination: [Net Debt to EBITDA Ratio] Prime-based loans and U.S. Prime-based loans Guaranteed Notes Libor-based loans [Standby/Facility] Fee < 1to1 % % % % > 1 to 1 but < 1.5 to 1 % % % %

Floating Rate Pricing based on Grid. Pricing applicable to each loan made available under Facility #3 1 is as follows: - Prime-based loans: Interest is payable in Canadian dollars at Prime plus the Applicable Facility #3 1 Margin per annum - U.S. Prime-based loans: Interest is payable in U.S. dollars at U.S. Prime plus the Applicable Facility #3 1 Margin per annum - Guaranteed Notes: Acceptance fee is payable in Canadian dollars at the Applicable Facility #3 1 Margin per annum - Libor-based loans: Interest is payable in U.S. dollars at Libor plus the Applicable Facility #3 1 Margin per 360-day period - Letters of Credit: Fee is ___% per annum with a minimum fee of $________, payable in the currency in which it is issued. [or Fee is to be quoted by Xxxxxx at time of issuance.] - Corporate MasterCard: Fees are detailed in the Corporate MasterCard documentation. - [delete if not applicable] Non-refundable [insert facility fee if demand facility, or insert standby fee if term facility] calculated at a rate equal to the Applicable Facility #3 1 Margin is payable monthly in Canadian dollars on the last day of each month, calculated daily on the unused portion of the authorized amount of Facility #3 1 (with all amounts outstanding in U.S. dollars being converted to the Equivalent Amount in Canadian dollars). - The Applicable Facility #3 1 Margin shall be equal to the percentage rate per annum (or, in the case of Libor-based loans, per 360-day period) set out in the following table opposite the applicable Net Debt to EBITDA ratio [modify if necessary to describe applicable ratio] for the Borrower at the time of determination: [Net Debt to EBITDA Ratio] Prime-based loans and U.S. Prime-based loans Guaranteed Notes Libor-based loans [Standby/Facility] Fee < 1to1 % % % % > 1 to 1 but < 1.5 to 1 % % % %