Whenever the Canadian Clause Samples
Whenever the Canadian. Borrower desires that a Canadian Letter of Credit be issued for its account, it shall give the Canadian Administrative Agent and the Canadian Letter of Credit Issuer at least five (or such lesser number as may be agreed upon by the Canadian Administrative Agent and the Canadian Letter of Credit Issuer) Business Days’ written notice thereof in the form of an executed Canadian Letter of Credit Request in the form of Exhibit H-2 (which shall, among other things, specify whether such Letter of Credit is to be denominated in Dollars or Canadian Dollars) (each a “Canadian Letter of Credit Request” and, together with the US Letter of Credit Request, the “Letter of Credit Request”).
Whenever the Canadian. Borrower desires that the Swingline Lender make Swingline Loans it shall give the Swingline Lender irrevocable telephonic notice confirmed promptly in writing (which telephonic notice must be received by the Swingline Lender not later than 11:00 a.m., Toronto time, on the proposed Borrowing Date), specifying (i) the amount to be borrowed and (ii) the requested Borrowing Date (which shall be a Business Day during the Commitment Period). Each borrowing under the Swingline Commitment shall be in an amount approximately equal to the Dollar Equivalent thereof or otherwise acceptable to the Canadian Swingline Lender. Not later than 3:00 p.m., Toronto time, on the Borrowing Date specified in a notice in respect of Swingline Loans, the Swingline Lender shall make available to the Canadian Administrative Agent at the Applicable Lending Office an amount in immediately available funds equal to the amount of the Swingline Loan to be made by the Swingline Lender. The Canadian Administrative Agent shall make the proceeds of such Swingline Loan available to the Canadian Borrower on such Borrowing Date by depositing such proceeds in the account of the Canadian Borrower with the Canadian Administrative Agent on such Borrowing Date in immediately available funds.
Whenever the Canadian. Borrower desires to incur a Borrowing of Canadian Dollar Loans hereunder, it shall give the Canadian Lender and the Administrative Agent, prior to 12:00 Noon (New York time), at least three Business Days' prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Eurodollar Loans and at least one Business Day's prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Base Rate Loans to be incurred hereunder. Each such Notice of Borrowing, except as otherwise expressly provided in Section 1.10, shall be irrevocable and shall specify in each case (i) the date of such Borrowing (which shall be a Business Day), (ii) the aggregate principal amount of the Canadian Dollar Loan to be made pursuant to such Borrowing and (iii) whether the respective Borrowing shall consist of Base Rate Loans or Eurodollar Loans and, if Eurodollar Loans, the Interest Period to be initially applicable thereto.
Whenever the Canadian. Subsidiary Borrower desires the issuance of a Canadian Letter of Credit, it shall deliver to the Canadian Revolving Lender and the Administrative Agent a written notice no later than 1:00 p.m. (Toronto time) at least five Business Days prior to the proposed date of issuance provided, however, that the Canadian Subsidiary Borrower and the Canadian Revolving Lender may agree to a shorter time period. That notice shall specify (i) the proposed date of issuance (which shall be a Business Day), (ii) the face amount of such Canadian Letter of Credit, (iii) the expiration date of such Canadian Letter of Credit and (iv) the name and address of the beneficiary. Such notice shall be accompanied by a brief description of the underlying transaction and upon the request of the Canadian Revolving Lender, the Canadian Subsidiary Borrower shall provide additional details regarding the underlying transaction. Concurrently with the giving of written notice of a request for the issuance of a Canadian Letter of Credit, the Canadian Subsidiary Borrower shall specify a precise description of the documents and the verbatim text of any certificate to be presented by the beneficiary of such Canadian Letter of Credit which, if presented by such beneficiary prior to the expiration date of such Canadian Letter of Credit, would require the Canadian Revolving Lender to make payment under such Canadian Letter of Credit; provided that the Canadian Revolving Lender, in its reasonable discretion, may require customary changes in any such documents and certificates. Upon issuance of any Canadian Letter of Credit, the Canadian Revolving Lender shall notify the Administrative Agent of the issuance of such Canadian Letter of Credit.