THE CANADIAN COMMITMENTS. Subject to the terms and conditions hereof, each Canadian Lender severally agrees to make revolving credit loans (which shall be C$ Prime Loans) to, to accept and, at the option of the Canadian Borrower, purchase Bankers’ Acceptances from (or, at the option of a Canadian Lender, make a BA Equivalent Loan in lieu of purchasing a Bankers’ Acceptance), and to issue letters of credit pursuant to subsection 2.8 for the account of, the Canadian Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding not to exceed such Canadian Lender’s Canadian Commitment. During the Commitment Period, the Canadian Borrower may use the Canadian Commitments by borrowing, prepaying (other than Bankers’ Acceptances or BA Equivalent Loans) or repaying the C$ Prime Loans, Bankers’ Acceptances or BA Equivalent Loans, in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
THE CANADIAN COMMITMENTS. Subject to the terms and conditions ------------------------ hereof, each C$ Lender severally agrees to make revolving credit loans (which shall be C$ Prime Loans) to, and to accept and, at the option of the Canadian Borrower, purchase Bankers' Acceptances from, the Canadian Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding not to exceed such Lender's Canadian Commitment. During the Commitment Period, the Canadian Borrower may use the Canadian Commitments by borrowing, prepaying or repaying the C$ Prime Loans or Bankers' Acceptances, in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
THE CANADIAN COMMITMENTS. Subject to the terms and conditions hereof, each Canadian Dollar Lender severally (but not jointly) agrees to make Canadian Dollar Loans in Canadian Dollars to each Canadian Subsidiary Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount not to exceed the Available Canadian Commitment of such Canadian Dollar Lender in accordance with the terms hereof (which for this purpose shall be computed as though the amount in subclause (b)(i) in the definition thereof is $0); provided that, after giving effect to the making of such Canadian Dollar Loans, the Aggregate Canadian Revolving Extensions of Credit will not exceed the Canadian Commitment. During the Revolving Credit Commitment Period the Canadian Subsidiary Borrowers may use the Canadian Commitments by borrowing, repaying the Canadian Dollar Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Each Canadian Dollar Lender agrees that each of its Lending Installations listed on Schedule 1 and subsequently agreed from time to time in Canada shall be on the date hereof or the date of such agreement an Eligible Canadian Bank.
THE CANADIAN COMMITMENTS. 3.1 The Canadian Commitments. Subject to the terms and conditions hereof, each C$ Bank severally agrees to make revolving credit loans ("C$ R/C Loans") (which shall be C$ Prime Loans) to, and to accept Bankers' Acceptances from, CCCL from time to time during the Commitment Period. During the Commitment Period, CCCL may use the Canadian Commitment of each C$ Bank by borrowing, prepaying or repaying the C$ R/C Loans or Bankers' Acceptances of such Bank, in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof; provided that no C$ R/C Loans or Bankers' Acceptances may be made or accepted on or after the Termination Date (it being understood that continuations and conversions of outstanding C$ R/C Loans and Bankers' Acceptances shall be permitted on and after the Termination Date in accordance with Section 3.4). Notwithstanding anything to the contrary contained in this Agreement, in no event may C$ R/C Loans or Bankers' Acceptances be borrowed or issued under this Section 3.1 if, after giving effect thereto and the application of the proceeds thereof, the Aggregate Canadian Extensions of Credit of any C$ Bank then outstanding would exceed such C$ Bank's Canadian Commitment.
3.2 Procedure for C$ R/C Loan Borrowing. CCCL may borrow C$ R/C Loans during the Commitment Period on any Business Day, provided that CCCL shall give the Canadian Administrative Agent irrevocable notice (which notice must be received by the Canadian Administrative Agent prior to 12:00 noon, Toronto time, one Business Day prior to the requested Borrowing Date, specifying (a) the amount to be borrowed and (b) the requested Borrowing Date. Upon receipt of such notice, the Canadian Administrative Agent shall promptly notify each C$ Bank thereof. Not later than 2:00 P.M., Toronto time, on the Borrowing Date specified in such notice, each C$ Bank shall make the amount of its share of such borrowing available to the Canadian Administrative Agent for the account of CCCL at the office of the Canadian Administrative Agent specified in Section 12.2 and in funds immediately available to the Canadian Administrative Agent. Each borrowing pursuant to this Section 3.2 shall be in an aggregate principal amount of the lesser of (i) C$5,000,000 or an integral multiple of C$100,000 in excess thereof or (ii) the amount in C$ which has a US$ Equivalent equal to the then aggregate Available Canadian Commitments.
THE CANADIAN COMMITMENTS. 30 3.1 The Canadian Commitments...................................... 30 3.2 Procedure for C$ Loan Borrowing............................... 30 3.3 Bankers' Acceptances.......................................... 31 3.4
THE CANADIAN COMMITMENTS. Subject to the terms and conditions hereof, each Canadian Lender severally agrees to make revolving credit loans (which shall be C$ Prime Loans) to, to accept and, at the option of the Canadian Borrower, purchase Bankers' Acceptances from, and to issue letters of credit for the account of, the Canadian Borrower from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the lesser of (i) such Lender's Canadian Commitment and (ii) the US$-Canadian Commitment of such Lender less the aggregate outstanding principal amount of the US$-Canadian Loans of such Lender. During the Commitment Period, the Canadian Borrower may use the Canadian Commitments by borrowing, prepaying (other than Bankers' Acceptances) or repaying the C$ Prime Loans or Bankers' Acceptances, in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
THE CANADIAN COMMITMENTS. 3.1 The Canadian Commitments. Subject to the terms and conditions hereof, each C$ Bank severally agrees to make revolving credit loans ("C$ R/C Loans") (which shall be C$ Prime
THE CANADIAN COMMITMENTS. 2.1 The Canadian Commitments. Subject to the terms and conditions hereof, each Canadian Lender severally agrees to make revolving credit loans (which shall be C$ Prime Loans) to, and to accept and, at the option of the Canadian Borrower, purchase Bankers' Acceptances from, the Canadian Borrower from time to time during the Multicurrency Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the lesser of (i) such Lender's Canadian Commitment and (ii) the Multicurrency Revolving Credit Commitment of such Lender less the aggregate outstanding principal amount of the other Multicurrency Revolving Credit Loans of such Lender and its Multicurrency Revolving Credit Percentage of the Multicurrency Letter of Credit Outstandings (it being understood and agreed that the Multicurrency Administrative Agent shall calculate the Equivalent Amount of the then outstanding Multicurrency Revolving Credit Loans (including C$ Loans) in any Multicurrency on the date on which the Canadian Borrower has given the Canadian Administrative Agent a notice of borrowing with respect to any C$ Loan for purposes of determining compliance with this subsection). During the Multicurrency Revolving Credit Commitment Period, the Canadian Borrower may use the Canadian Commitments by borrowing, prepaying (other than Bankers' Acceptances) or repaying the C$ Prime Loans or Bankers' Acceptances, in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
THE CANADIAN COMMITMENTS. 3.1 The Canadian Commitments.
(a) Subject to the terms and conditions hereof, each C$ Bank severally agrees to make revolving credit loans (which shall be C$ Prime Loans) to, and to accept Bankers' Acceptances from, Chrysler Canada from time to time during the Commitment Period. During the Commitment Period, Chrysler Canada may use the Canadian Commitment of each C$ Bank by borrowing, prepaying or repaying the C$ Prime Loans or Bankers' Acceptances of such Bank, in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event may C$ Prime Loans or Bankers' Acceptances be borrowed or issued under this subsection 3.1 if, after giving effect thereto and the application of the proceeds thereof, the Aggregate Canadian Extensions of Credit of any C$ Bank then outstanding would exceed such C$ Bank's Canadian Commitment.
THE CANADIAN COMMITMENTS. SUBJECT TO THE TERMS AND CONDITIONS ------------------------ HEREOF, EACH C$ LENDER SEVERALLY AGREES TO MAKE REVOLVING CREDIT LOANS (WHICH SHALL BE C$ PRIME LOANS) TO, AND TO ACCEPT AND, AT THE OPTION OF THE CANADIAN BORROWER, PURCHASE BANKERS' ACCEPTANCES FROM, THE CANADIAN BORROWER FROM TIME TO TIME DURING THE COMMITMENT PERIOD IN AN AGGREGATE PRINCIPAL AMOUNT AT ANY ONE TIME OUTSTANDING NOT TO EXCEED SUCH LENDER'S CANADIAN COMMITMENT. DURING THE COMMITMENT PERIOD, THE CANADIAN BORROWER MAY USE THE CANADIAN COMMITMENTS BY BORROWING, PREPAYING OR REPAYING THE C$ PRIME LOANS OR BANKERS' ACCEPTANCES, IN WHOLE OR IN PART, AND REBORROWING, ALL IN ACCORDANCE WITH THE TERMS AND CONDITIONS HEREOF.
