Common use of U.S. Revolving Credit Commitments Clause in Contracts

U.S. Revolving Credit Commitments. Subject to the terms and conditions hereof, each U.S. Lender, by its acceptance hereof, severally agrees to make a loan or loans (individually a “U.S. Revolving Loan” and collectively for all the U.S. Lenders the “U.S. Revolving Loans”) in U.S. Dollars to U.S. Borrower from time to time on a revolving basis up to the amount of such U.S. Lender’s U.S. Revolving Credit Commitment, subject to any reductions thereof pursuant to the terms hereof, before the Termination Date. The sum of the aggregate principal amount of U.S. Revolving Loans, Swing Loans, and U.S. L/C Obligations at any time outstanding shall not exceed the lesser of (i) the U.S. Revolving Credit Commitments in effect at such time and (ii) the U.S. Borrowing Base as then determined and computed. Each Borrowing of U.S. Revolving Loans shall be made ratably by the U.S. Lenders in proportion to their respective U.S. Revolver Percentages. As provided in Section 2.6(a), U.S. Borrower may elect that each Borrowing of U.S. Revolving Loans be either Base Rate Loans or Eurodollar Loans. U.S. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to the terms and conditions hereof. All U.S. Revolving Loans outstanding under the Existing Credit Agreement on the Closing Date shall remain outstanding as the initial Borrowing of U.S. Revolving Loans under this Agreement.

U.S. Revolving Credit Commitments. Subject to On the terms and subject to the conditions hereofcontained in this Agreement, each U.S. LenderRevolving Credit Lender severally, by its acceptance hereofbut not jointly, severally agrees to make a loan or loans in Dollars (individually each a “U.S. Revolving Loan” and collectively for all the U.S. Lenders the “U.S. Revolving Loans”) in U.S. Dollars to U.S. the Borrower from time to time on a revolving basis up any Business Day during the period from the date hereof until the U.S. Revolving Credit Termination Date in an aggregate principal amount at any time outstanding not to exceed the amount of set forth opposite such U.S. Lender’s name on Annex I under the heading “U.S. Revolving Loan Commitments” (as such amounts may be adjusted from time to time as a result of assignments to or from such Lender permitted hereunder, referred to herein as such Lender’s “U.S. Revolving Credit Commitment”); provided, subject to however, that at no time shall any reductions thereof pursuant to the terms hereof, before the Termination Date. The sum of the aggregate principal amount of U.S. Revolving Loans, Swing Loans, and Credit Lender be obligated to make a U.S. L/C Obligations at any time outstanding shall not exceed Revolving Loan in excess of such Lender’s Pro Rata Share of the lesser of (i) the U.S. Revolving Credit Commitments in effect at such time Borrowing Base and (ii) the amount by which the then-effective U.S. Borrowing Base as then determined and computedRevolving Credit Commitments exceeds the aggregate U.S. Revolving Credit Outstandings at such time. Each Borrowing Within the limits set forth in the first sentence of this clause (a), amounts of U.S. Revolving Loans shall be made ratably by the U.S. Lenders in proportion to their respective U.S. Revolver Percentages. As provided in Section 2.6(a), U.S. Borrower may elect that each Borrowing of U.S. Revolving Loans be either Base Rate Loans or Eurodollar Loans. U.S. Revolving Loans repaid may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to the terms and conditions hereof. All U.S. Revolving Loans outstanding under the Existing Credit Agreement on the Closing Date shall remain outstanding as the initial Borrowing of U.S. Revolving Loans under this Agreement.this

U.S. Revolving Credit Commitments. Subject to On the terms and subject to the conditions hereofcontained in this Agreement, each U.S. LenderRevolving Credit Lender severally, by its acceptance hereofbut not jointly, severally agrees to make a loan or loans in Dollars (individually each a “U.S. Revolving Loan” and collectively for all the U.S. Lenders the “U.S. Revolving Loans”) in U.S. Dollars to U.S. the Borrower from time to time on a revolving basis up any Business Day during the period from the date hereof until the U.S. Revolving Credit Termination Date in an aggregate principal amount at any time outstanding not to exceed the amount of set forth opposite such U.S. Lender’s name on Annex I under the heading “U.S. Revolving Loan Commitments” (as such amounts may be adjusted from time to time as a result of assignments to or from such Lender permitted hereunder, referred to herein as such Lender’s “U.S. Revolving Credit Commitment”); provided, subject to however, that at no time shall any reductions thereof pursuant to the terms hereof, before the Termination Date. The sum of the aggregate principal amount of U.S. Revolving Loans, Swing Loans, and Credit Lender be obligated to make a U.S. L/C Obligations at any time outstanding shall not exceed Revolving Loan in excess of such Lender’s Pro Rata Share of the lesser of (i) the U.S. Revolving Credit Commitments in effect at such time Borrowing Base and (ii) the amount by which the then-effective U.S. Borrowing Base as then determined and computedRevolving Credit Commitments exceeds the aggregate U.S. Revolving Credit Outstandings at such time. Each Borrowing Within the limits set forth in the first sentence of this clause (a), amounts of U.S. Revolving Loans shall repaid may be made ratably by reborrowed under this Section 2.1. The aggregate amount of the U.S. Lenders in proportion to their respective U.S. Revolver Percentages. As provided in Section 2.6(a), U.S. Borrower may elect that each Borrowing of U.S. Revolving Loans be either Base Rate Loans or Eurodollar Loans. U.S. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to the terms and conditions hereof. All U.S. Revolving Loans outstanding under the Existing Credit Agreement Commitments on the Closing Second Amendment Effective Date shall remain outstanding as the initial Borrowing of U.S. Revolving Loans under this Agreementequals $25,000,000.

U.S. Revolving Credit Commitments. Subject to On the terms and subject to the conditions hereofcontained in this Agreement, each U.S. LenderRevolving Credit Lender severally, by its acceptance hereofbut not jointly, severally agrees to make a loan or loans in Dollars (individually each a “U.S. Revolving Loan” and collectively for all the U.S. Lenders the “U.S. Revolving Loans”) in U.S. Dollars to U.S. the Borrower from time to time on a revolving basis up any Business Day during the period from the date hereof until the U.S. Revolving Credit Termination Date in an aggregate principal amount at any time outstanding not to exceed the amount of set forth opposite such U.S. Lender’s name on Annex I under the heading “U.S. Revolving Loan Commitments” (as such amounts may be adjusted from time to time as a result of assignments to or from such Lender permitted hereunder, referred to herein as such Lender’s “U.S. Revolving Credit Commitment”); provided, subject to however, that at no time shall any reductions thereof pursuant to the terms hereof, before the Termination Date. The sum of the aggregate principal amount of U.S. Revolving Loans, Swing Loans, and Credit Lender be obligated to make a U.S. L/C Obligations at any time outstanding shall not exceed Revolving Loan in excess of such Lender’s Pro Rata Share of the lesser of (i) the U.S. Revolving Credit Commitments in effect at such time Borrowing Base and (ii) the amount by which the then-effective U.S. Borrowing Base as then determined and computedRevolving Credit Commitments exceeds the aggregate U.S. Revolving Credit Outstandings at such time. Each Borrowing Within the limits set forth in the first sentence of this clause (a), amounts of U.S. Revolving Loans shall repaid may be made ratably by reborrowed under this Section 2.1. The aggregate amount of the U.S. Lenders in proportion to their respective U.S. Revolver Percentages. As provided in Section 2.6(a), U.S. Borrower may elect that each Borrowing of U.S. Revolving Loans be either Base Rate Loans or Eurodollar Loans. U.S. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to the terms and conditions hereof. All U.S. Revolving Loans outstanding under the Existing Credit Agreement Commitments on the Closing Third Amendment Effective Date shall remain outstanding as the initial Borrowing of U.S. Revolving Loans under this Agreementequals $28,500,000.