Examples of Canadian Borrowing Request in a sentence
The Canadian Lender shall not complete, issue or deliver any Canadian Bankers’ Acceptance except in accordance with the written instructions of Canadian Borrower given in the relevant Canadian Borrowing Request, and the written notice referred to above.
If Canadian Borrower fails to so notify the Canadian Lender or make such payments on maturity, the Canadian Lender shall effect a conversion into a Canadian Prime Rate Loan of the entire amount of such maturing Canadian Bankers’ Acceptances as if a Canadian Borrowing Request had been given by Canadian Borrower to the Canadian Lender to that effect.
Each such Canadian Borrowing Request shall be irrevocable and in a form approved by the Administrative Agent and signed by the Canadian Borrower.
The Agent will make such Canadian Revolving Loans available to the Canadian Borrowers by promptly crediting the amounts so received, in like funds, to an account of the applicable Canadian Borrower and designated by such Canadian Borrower in the applicable Canadian Borrowing Request.
In addition to the information specified in Section 2.3(a), each Canadian Borrowing Request or U.S. Borrowing Request, as applicable, shall specify the Borrowing to which such request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing.
To make an election pursuant to this Section 2.3(f), the relevant Borrower shall notify the Agent of such election in the manner and by the time that a Canadian Borrowing Request or U.S. Borrowing Request, as applicable, would be required under Section 2.3(a) if such Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election.