Common use of The Canadian Advances Clause in Contracts

The Canadian Advances. Each Canadian Bank severally agrees, on the terms and conditions hereinafter set forth, to make one or more Canadian Advances as part of a Canadian Borrowing to the Canadian Borrower from time to time on any Canadian Business Day during the period from the date hereof until the Termination Date in an aggregate amount not to exceed at any time outstanding (a) such Canadian Bank’s Canadian Commitment minus (b) such Canadian Bank’s Canadian Pro Rata Share of outstanding Canadian L/C Obligations. Each Canadian Borrowing (other than a Canadian Borrowing or deemed Canadian Borrowing under Section 2A.7(c)(ii) to reimburse a Canadian L/C Issuer for any Canadian Unreimbursed Amount) shall be in an aggregate amount not less than C$5,000,000, shall be in an integral multiple of C$1,000,000 and shall, when made, consist of Canadian Advances of the same Canadian Type, made on the same day by the Canadian Banks ratably according to their respective Canadian Commitments (excluding, with respect to any Canadian Borrowing or deemed Canadian Borrowing under Section 2A.7(c)(ii), the Canadian Pro Rata Share of any Canadian Bank upon it becoming a Defaulting Bank) and the face amount of each Canadian Bankers’ Acceptance or Canadian BA Equivalent Loan shall be in a principal amount of C$100,000 or a whole multiple of C$100,000 in excess thereof. Within the limits of each Canadian Bank’s Canadian Commitment, the Canadian Borrower may borrow, prepay pursuant to Section 2A.8 and reborrow under this Section 2A.1. Subject to the terms and conditions hereof, more than one Canadian Borrowing may be made on a Canadian Business Day.

The Canadian Advances. Each Canadian Bank severally agrees, on the terms and conditions hereinafter set forth, to make one or more Canadian Advances as part of a Canadian Borrowing to the Canadian Borrower from time to time on any Canadian Business Day during the period from the date hereof until the Termination Date in an aggregate amount not to exceed at any time outstanding (a) such Canadian Bank’s 's Canadian Commitment minus (b) such Canadian Bank’s 's Canadian Pro Rata Share of outstanding Canadian L/C Obligations. Each Canadian Borrowing (other than a Canadian Borrowing or deemed Canadian Borrowing under Section 2A.7(c)(ii) to reimburse a Canadian L/C Issuer for any Canadian Unreimbursed Amount) shall be in an aggregate amount not less than C$5,000,000, shall be in an integral multiple of C$1,000,000 and shall, when made, consist of Canadian Advances of the same Canadian Type, made on the same day by the Canadian Banks ratably according to their respective Canadian Commitments (excluding, with respect to any Canadian Borrowing or deemed Canadian Borrowing under Section 2A.7(c)(ii), the Canadian Pro Rata Share of any Canadian Bank upon it becoming a Defaulting Bank) and the face amount of each Canadian Bankers’ ' Acceptance or Canadian BA Equivalent Loan shall be in a principal amount of C$100,000 or a whole multiple of C$100,000 in excess thereof. Within the limits of each Canadian Bank’s 's Canadian Commitment, the Canadian Borrower may borrow, prepay pursuant to Section 2A.8 and reborrow under this Section 2A.1. Subject to the terms and conditions hereof, more than one Canadian Borrowing may be made on a Canadian Business Day.