Common use of Pro-Rata Treatment of Canadian Advances Clause in Contracts

Pro-Rata Treatment of Canadian Advances. (A) In the event it is not practicable to allocate Canadian Bankers’ Acceptances to each Canadian Bank such that the aggregate amount of Canadian Bankers’ Acceptances required to be purchased by such Canadian Bank hereunder is in a whole multiple of C$100,000, the Canadian Administrative Agent is authorized by the Canadian Borrower and each Canadian Bank to make such allocation as the Canadian Administrative Agent determines in its sole and unfettered discretion may be equitable in the circumstances and, if the aggregate amount of such Canadian Bankers’ Acceptances is not a whole multiple of C$100,000, then the Canadian Administrative Agent may allocate (on a basis considered by it to be equitable) the excess of such Canadian Bankers’ Acceptances over the next lowest whole multiple of C$100,000 to one Canadian Bank, which shall purchase a Canadian Bankers’ Acceptance with a face amount equal to the excess and having the same term as the corresponding Canadian Bankers’ Acceptances. In no event shall the portion of the outstanding Canadian Borrowings by way of Canadian Bankers’ Acceptances of a Canadian Bank exceed such Canadian Bank’s Pro Rata Share of the aggregate Canadian Borrowings by way of Canadian Bankers’ Acceptances by more than C$100,000 as a result of such exercise of discretion by the Canadian Administrative Agent.

Pro-Rata Treatment of Canadian Advances. (A) In the event it is not practicable to allocate Canadian Bankers’ ' Acceptances to each Canadian Bank such that the aggregate amount of Canadian Bankers’ ' Acceptances required to be purchased by such Canadian Bank hereunder is in a whole multiple of C$100,000, the Canadian Administrative Agent is authorized by the Canadian Borrower and each Canadian Bank to make such allocation as the Canadian Administrative Agent determines in its sole and unfettered discretion may be equitable in the circumstances and, if the aggregate amount of such Canadian Bankers’ ' Acceptances is not a whole multiple of C$100,000, then the Canadian Administrative Agent may allocate (on a basis considered by it to be equitable) the excess of such Canadian Bankers’ ' Acceptances over the next lowest whole multiple of C$100,000 to one Canadian Bank, which shall purchase a Canadian Bankers’ ' Acceptance with a face amount equal to the excess and having the same term as the corresponding Canadian Bankers’ ' Acceptances. In no event shall the portion of the outstanding Canadian Borrowings by way of Canadian Bankers’ ' Acceptances of a Canadian Bank exceed such Canadian Bank’s 's Pro Rata Share of the aggregate Canadian Borrowings by way of Canadian Bankers’ ' Acceptances by more than C$100,000 as a result of such exercise of discretion by the Canadian Administrative Agent.