Common use of Making the Canadian Advances Clause in Contracts

Making the Canadian Advances. Subject to Section 2A.2(b), (a) each Canadian Borrowing shall be made on notice, given not later than 11:00 A.M. (x) in the case of a proposed Canadian Borrowing comprised of Canadian Bankers’ Acceptances, at least three Canadian Business Days prior to the date of the proposed Canadian Borrowing, and (y) in the case of a proposed Canadian Borrowing comprised of Canadian Prime Rate Advances, on the day of the proposed Canadian Borrowing, by the Canadian Borrower to the Canadian Administrative Agent, which shall give to each Canadian Bank prompt notice thereof by telecopy. Each such notice of a Canadian Borrowing (a “Canadian Notice of Borrowing”) shall be by telecopy, confirmed immediately in writing, in substantially the form of Exhibit 1-B, duly signed by a Responsible Officer of the Canadian Borrower and specifying therein (1) the requested date of such Canadian Borrowing, (2) whether the Canadian Borrower is requesting a Canadian Prime Rate Advance or a Canadian Borrowing by way of Canadian Bankers’ Acceptances, (3) the aggregate amount of such Canadian Borrowing, and (4) if applicable, the maturity date of Canadian Bankers’ Acceptances to be issued, rolled over or advanced (which shall be a Canadian Business Day), provided that the Canadian Borrower may not specify Canadian Bankers’ Acceptances for any Canadian Borrowing if, after giving effect to such Canadian Borrowing, Canadian Bankers’ Acceptances having more than five different maturity dates shall be outstanding without the consent of Canadian Majority Banks. If the Canadian Borrower requests a Canadian Borrowing of, conversion to, or rollover of Canadian Bankers’ Acceptances in any such Canadian Notice of Borrowing, but fails to specify a maturity date therefor, it will be deemed to have specified Canadian Bankers’ Acceptances with a 30-day term. Each Canadian Bank shall, before 11:00 A.M. (1:00 P.M. in the case of a Canadian Borrowing comprised of Canadian Prime Rate Advances) on the date of such Canadian Borrowing, (i) make available for the account of its Canadian Lending Office to the Canadian Administrative Agent at its Canadian Payment Office, in same day funds, such Canadian Bank’s ratable portion of such Canadian Borrowing or (ii) accept drafts of Canadian Bankers’ Acceptances. After the Canadian Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Article IIIA, the Canadian Administrative Agent will make such funds available to the Canadian Borrower at the Canadian Administrative Agent’s aforesaid address.

Making the Canadian Advances. Subject to Section 2A.2(b), (a) each Each Canadian Borrowing shall be made on notice, given not later than 11:00 A.M. (x) in the case of a proposed Canadian Borrowing comprised of Canadian Bankers’ ' Acceptances, at least three Canadian Business Days prior to the date of the proposed Canadian Borrowing, and (y) in the case of a proposed Canadian Borrowing comprised of Canadian Prime Rate Advances, on the day of the proposed Canadian Borrowing, by the Canadian Borrower to the Canadian Administrative Agent, which shall give to each Canadian Bank prompt notice thereof by telecopy. Each such notice of a Canadian Borrowing (a “"Canadian Notice of Borrowing”") shall be by telecopy, confirmed immediately in writing, in substantially the form of Exhibit 1-B, duly signed by a Responsible Officer of the Canadian Borrower and specifying therein (1) the requested date of such Canadian Borrowing, (2) whether the Canadian Borrower is requesting a Canadian Prime Rate Advance or a Canadian Borrowing by way of Canadian Bankers’ ' Acceptances, (3) the aggregate amount of such Canadian Borrowing, and (4) if applicable, the maturity date of Canadian Bankers’ ' Acceptances to be issued, issued or rolled over or advanced (which shall be a Canadian Business Day), provided that the Canadian Borrower may not specify Canadian Bankers’ ' Acceptances for any Canadian Borrowing if, after giving effect to such Canadian Borrowing, Canadian Bankers’ ' Acceptances having more than five different maturity dates shall be outstanding without the consent of Canadian Majority Banks. If the Canadian Borrower requests a Canadian Borrowing of, conversion to, or rollover of Canadian Bankers’ ' Acceptances in any such Canadian Notice of Borrowing, but fails to specify a maturity date therefor, it will be deemed to have specified Canadian Bankers’ ' Acceptances with a 30-day term. Each Canadian Bank shall, before 11:00 A.M. (1:00 P.M. in the case of a Canadian Borrowing comprised of Canadian Prime Rate Advances) on the date of such Canadian Borrowing, (i) make available for the account of its Canadian Lending Office to the Canadian Administrative Agent at its Canadian Payment Office, in same day funds, such Canadian Bank’s 's ratable portion of such Canadian Borrowing or (ii) accept drafts of Canadian Bankers’ ' Acceptances. After the Canadian Administrative Agent’s 's receipt of such funds and upon fulfillment of the applicable conditions set forth in Article IIIA, the Canadian Administrative Agent will make such funds available to the Canadian Borrower at the Canadian Administrative Agent’s 's aforesaid address.

Making the Canadian Advances. Subject to Section 2A.2(b), (a) each Canadian Borrowing shall be made on noticenotice , given not later than 11:00 A.M. (x) in the case of a proposed Canadian Borrowing comprised of Canadian Bankers’ Acceptances, at least three Canadian Business Days prior to the date of the proposed Canadian Borrowing, and (y) in the case of a proposed Canadian Borrowing comprised of Canadian Prime Rate Advances, on the day of the proposed Canadian Borrowing, by the Canadian Borrower to the Canadian Administrative Agent, which shall give to each Canadian Bank prompt notice thereof by telecopy. Each such notice of a Canadian Borrowing (a “Canadian Notice of Borrowing”) shall be by telecopy, confirmed immediately in writing, in substantially the form of Exhibit 1-B, duly signed by a Responsible Officer of the Canadian Borrower and specifying therein (1) the requested date of such Canadian Borrowing, (2) whether the Canadian Borrower is requesting a Canadian Prime Rate Advance or a Canadian Borrowing by way of Canadian Bankers’ Acceptances, (3) the aggregate amount of such Canadian Borrowing, and (4) if applicable, the maturity date of Canadian Bankers’ Acceptances to be issued, rolled over or advanced (which shall be a Canadian Business Day), provided that the Canadian Borrower may not specify Canadian Bankers’ Acceptances for any Canadian Borrowing if, after giving effect to such Canadian Borrowing, Canadian Bankers’ Acceptances having more than five different maturity dates shall be outstanding without the consent of Canadian Majority Banks. If the Canadian Borrower requests a Canadian Borrowing of, conversion Conversion to, or rollover of Canadian Bankers’ Acceptances in any such Canadian Notice of Borrowing, but fails to specify a maturity date therefor, it will be deemed to have specified Canadian Bankers’ Acceptances with a 30-day term. Each Canadian Bank shall, before 11:00 A.M. 12:00 Noon (1:00 2:00 P.M. in the case of a Canadian Borrowing comprised of Canadian Prime Rate Advances) on the date of such Canadian Borrowing, (i) make available for the account of its Canadian Lending Office to the Canadian Administrative Agent at its Canadian Payment Office, in same day funds, such Canadian Bank’s ratable portion of such Canadian Borrowing or (ii) accept drafts of Canadian Bankers’ Acceptances. After the Canadian Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Article IIIA, the Canadian Administrative Agent will make such funds available to the Canadian Borrower at the Canadian Administrative Agent’s aforesaid address.