Common use of Intercompany Loan Clause in Contracts

Intercompany Loan. Subject to the terms of this Agreement, the Issuer agrees to make available to the Guarantor LP an Intercompany Loan (the Intercompany Loan) in an aggregate amount equal to the Total Credit Commitment. On any Business Day, the Guarantor LP may request that advances (each an Advance and collectively Advances) denominated in Canadian Dollars under the Intercompany Loan be made available to it, subject to the terms of this Agreement, on such Business Day (each such date, a Drawdown Date).

Appears in 5 contracts

Samples: Intercompany Loan Agreement, Intercompany Loan Agreement (RBC Covered Bond Guarantor Limited Partnership), Intercompany Loan Agreement (Royal Bank of Canada)

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