Common use of Minimum Drawdowns Clause in Contracts

Minimum Drawdowns. (1) Each Drawdown under either the Syndicated Facility or the Operating Facility of the following types of Loans shall be in the following amounts indicated: (a) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$3,000,000 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.$3,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) In addition, each Drawdown under the Syndicated 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.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) U.S. Base Rate Loans in minimum principal amounts of U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.

Minimum Drawdowns. (1) Each Drawdown under either the Syndicated Facility or the Operating Credit Facility of the following types of Loans shall be in the following amounts indicated: (a) Bankers’ Acceptances in minimum 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; and (b) Libor 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) In addition, if there are 2 or more Lenders, then each Drawdown under the Syndicated Credit 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.$1,000,000 Cdn.$500,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) U.S. Base Rate Loans in minimum principal amounts of U.S.$1,000,000 U.S.$500,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.

Minimum Drawdowns. (1) Each Drawdown under either the Syndicated Facility or the Operating Credit Facility of the following types of Loans shall be in the following amounts indicated: (a) Bankers’ Acceptances in minimum aggregate amounts of Cdn.$3,000,000 Cdn. $3,000,000 at maturity and Drawdowns in excess thereof in integral multiples of Cdn.$100,000Cdn. $100,000; and (b) Libor Loans in minimum principal amounts of U.S.$3,000,000 U.S. $3,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000U.S. $100,000. (2) In addition, each Drawdown under the Syndicated Credit 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.$1,000,000 Cdn. $1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000Cdn. $100,000; and (b) U.S. Base Rate Loans in minimum principal amounts of U.S.$1,000,000 U.S. $1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000U.S. $100,000.

Minimum Drawdowns. (1) Each Drawdown under either the Syndicated Facility or the Operating Facility of the following types of Loans shall be in the following amounts indicated: (a) Bankers’ ' Acceptances in minimum aggregate amounts of Cdn.$3,000,000 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.$3,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000. (2) In addition, each Drawdown under the Syndicated 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.$1,000,000 and Drawdowns in excess thereof in integral multiples of Cdn.$100,000; and (b) U.S. Base Rate Loans in minimum principal amounts of U.S.$1,000,000 and Drawdowns in excess thereof in integral multiples of U.S.$100,000.