Participations in Canadian Loans. (a) Each Committed Lender agrees that it shall at all times have a participation in, and acknowledges that it is irrevocably and unconditionally obligated, upon receipt of notice that the Administrative Agent has received a Canadian Participation Funding Notice, to fund (or to cause an Affiliate to fund) its participation in, each outstanding Canadian Loan in an amount equal to its Pro Rata Share of the amount of such Canadian Loan.
Appears in 3 contracts
Samples: Credit Agreement (Pentair Inc), Credit Agreement (Pentair Inc), Long Term Credit Agreement (Pentair Inc)
Participations in Canadian Loans. (a) Each Committed Non-Canadian Lender agrees that it shall at all times have a participation in, and acknowledges that it is irrevocably and unconditionally obligated, upon receipt of notice that the Administrative U.S. Agent has received a Canadian Participation Funding Notice, to fund (or to cause an Affiliate to fund) its participation in, each outstanding Canadian Loan in an amount equal to its Pro Rata Share of the amount of such Canadian Loan.
Appears in 1 contract
Samples: Credit Agreement (Video Update Inc)
Participations in Canadian Loans. (a) Each Committed Lender Non-Canadian Bank -------------------------------- agrees that it shall at all times have a participation in, and acknowledges that it is irrevocably and unconditionally obligated, upon receipt of notice that the Administrative U.S. Agent has received a Canadian Participation Funding Notice, to fund (or to cause an Affiliate to fund) its participation in, each outstanding Canadian Loan in an amount equal to its Pro Rata Share Percentage of the amount of such Canadian Loan.
Appears in 1 contract
Samples: Security Agreement (United Rentals North America Inc)