Common use of Minimum Drawdowns Clause in Contracts

Minimum Drawdowns. (1) Each Drawdown under the Syndicated Facilities of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$3,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (b) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$5,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (c) SOFR Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; and (d) U.S. Base Rate Loans in minimum principal amounts of U.S.$3,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) Each Drawdown under the Operating Facilities of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$500,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) SOFR Loans in minimum principal amounts of U.S.$500,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.

Appears in 2 contracts

Samples: Credit Agreement (Baytex Energy Corp.), Credit Facilities (Baytex Energy Corp.)

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Minimum Drawdowns. (1) Each Drawdown under the Syndicated Facilities a Credit Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$3,000,000 Cdn.$10,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000Cdn.$1,000,000; (b) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$5,000,000 Cdn.$10,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000Cdn.$1,000,000; (c) SOFR Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; and (d) U.S. Base Rate Loans in minimum principal amounts of U.S.$3,000,000 U.S.$10,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.U.S.$1,000,000; (2d) Each Drawdown under the Operating Facilities of the following types of Libor Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers’ Acceptances in minimum aggregate principal amounts of Cdn.$500,000 at maturity U.S.$10,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; andU.S.$1,000,000; (be) SOFR U.S. Prime Rate Loans in minimum principal amounts of U.S.$500,000 U.S.$10,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000U.S.$1,000,000; (f) GBP Call Rate Loans in minimum principal amounts of £5,000,000 and Drawdowns in excess thereof in integral multiples of £1,000,000; (g) USD Call Rate Loans in minimum principal amounts of U.S.$10,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$1,000,000; and (h) GBP Libor Loans in minimum principal amounts of £5,000,000 and Drawdowns in excess thereof in integral multiples of £1,000,000.

Appears in 1 contract

Samples: Credit Agreement (Nexen Inc)

Minimum Drawdowns. (1) Each Drawdown under the Revolving Syndicated Facilities Facility, the U.S. Facility or the Sole Drawdown of the Term Loan A Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers' Acceptances in minimum aggregate amounts of Cdn.$5,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) Libor Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. 31150487.8 (2) Each Drawdown under the Operating Facility of the following types of Loans shall be available in the following amounts indicated: (a) Bankers' Acceptances in minimum aggregate amounts of Cdn.$500,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) Libor Loans in minimum principal amounts of U.S.$500,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (3) In addition, each Drawdown under the Revolving Syndicated Facility, the U.S. Facility and the Sole Drawdown of the Term Loan A Facility of the following types of Loans shall be in the following amounts indicated: (a) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$3,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (b) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$5,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (c) SOFR Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; and (db) U.S. Base Rate Loans in minimum principal amounts of U.S.$3,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) Each Drawdown under the Operating Facilities of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$500,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) SOFR Loans in minimum principal amounts of U.S.$500,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

Minimum Drawdowns. (1) Each Drawdown under the Syndicated Facilities of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$3,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (b) Bankers’ Acceptances XXXXX Loans in minimum aggregate principal amounts of Cdn.$5,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (c) SOFR Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; and (d) U.S. Base Rate Loans in minimum principal amounts of U.S.$3,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) Each Drawdown under the Operating Facilities of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers’ Acceptances XXXXX Loans in minimum aggregate principal amounts of Cdn.$500,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) SOFR Loans in minimum principal amounts of U.S.$500,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

Minimum Drawdowns. (1) Each Drawdown under the Syndicated Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Canadian Prime Rate Loans Bankers' Acceptances in minimum principal aggregate amounts of Cdn.$3,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (b) Bankers’ Acceptances SOFR Loans in minimum aggregate principal amounts of Cdn.$5,000,000 at maturity U.S.$3,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; (c) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (c) SOFR Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; and (d) U.S. Base Rate Loans in minimum principal amounts of U.S.$3,000,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) Each Drawdown under the Operating Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers' Acceptances in minimum aggregate amounts of Cdn.$500,000 Cdn.$1,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) SOFR Loans in minimum principal amounts of U.S.$500,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.

Appears in 1 contract

Samples: Credit Facilities (Hammerhead Energy Inc.)

Minimum Drawdowns. (1) Each Drawdown under the Canadian Syndicated Facilities Facility and the U.S. Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers' Acceptances in minimum aggregate amounts of Cdn.$5,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) Libor Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) Each Drawdown under the Operating Facility of the following types of Loans shall be available in the following amounts indicated: (a) Bankers' Acceptances in minimum aggregate amounts of Cdn.$500,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) Libor Loans in minimum principal amounts of U.S.$500,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (3) In addition, each Drawdown under the Canadian Syndicated Facility and the U.S. Facility of the following types of Loans shall be in the following amounts indicated: (a) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$3,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (b) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$5,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (c) SOFR Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; and (db) U.S. Base Rate Loans in minimum principal amounts of U.S.$3,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) Each Drawdown under the Operating Facilities of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$500,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) SOFR Loans in minimum principal amounts of U.S.$500,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

Minimum Drawdowns. (1) Each Drawdown under the Syndicated Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Canadian Prime Rate Loans Bankers’ Acceptances in minimum principal aggregate amounts of Cdn.$3,000,000 Cdn.$1,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (b) Bankers’ Acceptances SOFR Loans in minimum aggregate principal amounts of Cdn.$5,000,000 at maturity U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; (c) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (c) SOFR Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; and (d) U.S. Base Rate Loans in minimum principal amounts of U.S.$3,000,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) Each Drawdown under the Operating Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$500,000 Cdn.$1,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) SOFR Loans in minimum principal amounts of U.S.$500,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.

Appears in 1 contract

Samples: Credit Agreement

Minimum Drawdowns. (1) Each The Sole Drawdown under of the Syndicated Facilities Term Loan Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) CDOR Rate Loans in minimum aggregate amounts of Cdn.$2,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$3,000,000 Cdn.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000. (2) Each Drawdown under the Syndicated Facility of the following types of Loans shall be in the following amounts indicated: (a) CDOR Rate Loans in minimum aggregate amounts of Cdn.$2,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (b) Bankers’ Acceptances SOFR Loans in minimum aggregate principal amounts of Cdn.$5,000,000 at maturity U.S.$2,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; (c) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (c) SOFR Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; and (d) U.S. Base Rate Loans in minimum principal amounts of U.S.$3,000,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (23) Each Drawdown under the Operating Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers’ Acceptances CDOR Rate Loans in minimum aggregate amounts of Cdn.$500,000 at maturity Cdn.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) SOFR Loans in minimum principal amounts of U.S.$500,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Energy Ltd.)

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Minimum Drawdowns. (1) Each Drawdown under the Syndicated Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Canadian Prime CDOR Rate Loans in minimum principal aggregate amounts of Cdn.$3,000,000 Cdn.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (b) Bankers’ Acceptances SOFR Loans in minimum aggregate principal amounts of Cdn.$5,000,000 at maturity U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; (c) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (c) SOFR Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; and (d) U.S. Base Rate Loans in minimum principal amounts of U.S.$3,000,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) Each Drawdown under the Operating Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers’ Acceptances CDOR Rate Loans in minimum aggregate amounts of Cdn.$500,000 Cdn.$1,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) SOFR Loans in minimum principal amounts of U.S.$500,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.

Appears in 1 contract

Samples: Credit Agreement (Greenfire Resources Ltd.)

Minimum Drawdowns. (1) Each Drawdown under the Syndicated Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Canadian Prime Rate Loans Bankers’ Acceptances in minimum principal aggregate amounts of Cdn.$3,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (b) Bankers’ Acceptances SOFR Loans in minimum aggregate principal amounts of Cdn.$5,000,000 at maturity U.S.$3,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; (c) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (c) SOFR Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; and (d) U.S. Base Rate Loans in minimum principal amounts of U.S.$3,000,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) Each Drawdown under the Operating Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$500,000 Cdn.$1,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) SOFR Loans in minimum principal amounts of U.S.$500,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.

Appears in 1 contract

Samples: Credit Agreement (Hammerhead Energy Inc.)

Minimum Drawdowns. (1) Each Drawdown under the Syndicated Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$3,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (b) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$5,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (cb) SOFR Libor Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; (c) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (d) U.S. Base Rate Loans in minimum principal amounts of U.S.$3,000,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) Each Drawdown under the Canadian Operating Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$500,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) SOFR Libor Loans in minimum principal amounts of U.S.$500,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (3) Subject to Section 2.2(3), each Drawdown under the Australian Operating Facility of BBSY Loans shall be in the minimum aggregate amounts of the Equivalent Amount in Australian Dollars of Cdn.$500,000 at maturity and Drawdowns in excess thereof in integral multiples of the Equivalent Amount in Australian Dollars of Cdn.$100,000.

Appears in 1 contract

Samples: Credit Agreement (Enerflex Ltd.)

Minimum Drawdowns. (1) Each Drawdown under the Syndicated Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Canadian Prime CDOR Rate Loans in minimum principal aggregate amounts of Cdn.$3,000,000 Cdn.$2,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (b) Bankers’ Acceptances SOFR Loans in minimum aggregate principal amounts of Cdn.$5,000,000 at maturity U.S.$2,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; (c) Canadian Prime Rate Loans in minimum principal amounts of Cdn.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; (c) SOFR Loans in minimum principal amounts of U.S.$5,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000; and (d) U.S. Base Rate Loans in minimum principal amounts of U.S.$3,000,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) Each Drawdown under the Operating Facilities Facility of the following types of Loans (as applicable to the Credit Facility in question) shall be available in the following amounts indicated: (a) Bankers’ Acceptances CDOR Rate Loans in minimum aggregate amounts of Cdn.$500,000 at maturity Cdn.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) SOFR Loans in minimum principal amounts of U.S.$500,000 U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Energy Ltd.)

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