Common use of Shortfall on Drawdowns, Rollovers and Conversions Clause in Contracts

Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: (i) the difference between the amount of a Borrowing requested by the Borrower by way of Bankers’ Acceptance and the actual proceeds of the Bankers’ Acceptance; (ii) the difference between the actual proceeds of a Bankers’ Acceptance, and the amount required to pay a maturing Bankers’ Acceptance if a Bankers’ Acceptance is being rolled over; and (iii) the difference between the actual proceeds of a Bankers’ Acceptance and the amount required to repay any Borrowing which is being converted to a Bankers’ Acceptance, shall be funded and paid by the Borrower from its own resources, by 12:00 p.m. (Toronto, Ontario time) on the day of the Borrowing or may be advanced as a Prime Rate Loan if the Borrower is otherwise entitled to such Accommodation and the Administrative Agent will apply such Prime Rate Loan to discharge the obligations of the Borrower under such Bankers’ Acceptance. Any such Prime Rate Loan so made shall be subject to the terms and provisions of this Agreement, including payment of interest at the rates specified in Section 3.1.

Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that: (i) the difference between the amount of a Borrowing requested by the Borrower by way of Bankers’ ' Acceptance and the actual proceeds of the Bankers’ ' Acceptance; (ii) the difference between the actual proceeds of a Bankers’ ' Acceptance, and the amount required to pay a maturing Bankers’ ' Acceptance if a Bankers’ ' Acceptance is being rolled over; and (iii) the difference between the actual proceeds of a Bankers’ ' Acceptance and the amount required to repay any Borrowing which is being converted to a Bankers’ ' Acceptance, shall be funded and paid by the Borrower from its own resources, by 12:00 p.m. (Toronto, Ontario time) on the day of the Borrowing or may be advanced as a Prime Rate Loan if the Borrower is otherwise entitled to such Accommodation and the Administrative Agent will apply such Prime Rate Loan to discharge the obligations of the Borrower under such Bankers’ ' Acceptance. Any such Prime Rate Loan so made shall be subject to the terms and provisions of this Agreement, including payment of interest at the rates specified in Section 3.13 .1.

Shortfall on Drawdowns, Rollovers and Conversions. The Borrower agrees that:that the difference between the: RBC – AltaLink (AILP) – 2016 Credit Agreement (i) the difference between the amount of a Borrowing requested by the Borrower by way of Bankers’ Acceptance Acceptances and the actual proceeds of the Bankers’ AcceptanceAcceptances; (ii) the difference between the actual proceeds of a Bankers’ Acceptance, Acceptance and the amount required to pay a maturing Bankers’ Acceptance if a Bankers’ Acceptance is being rolled over; and (iii) the difference between the actual proceeds of a Bankers’ Acceptance and the amount required to repay any Borrowing which is being converted to a Bankers’ Acceptance, shall be funded and paid by the Borrower from its own resources, by 12:00 p.m. 11:00 a.m. (Toronto, Ontario Calgary time) on the day of the Borrowing or may be advanced as a Prime Rate Loan if the Borrower is otherwise entitled to such Accommodation and the Administrative Agent will apply such Prime Rate Loan to discharge the obligations of the Borrower under such Bankers’ Acceptance. Any such Prime Rate Loan so made shall be subject to the terms and provisions of this Agreement, including payment of interest at the rates specified in Section 3.14.1.