Examples of Canadian Term Lender in a sentence
Promptly following receipt of the Incremental Canadian Term Loan Request, the Administrative Agent shall advise each Proposed Canadian Term Lender of the details thereof.
If an Incremental Canadian Term Commitment is established in accordance with this Section, the Administrative Agent and the Borrower shall determine the effective date and the date of funding thereof and the Administrative Agent shall advise each Incremental Canadian Term Lender of the details thereof.
Subject to the terms and conditions set forth herein, each Canadian Term Lender severally agrees to make a single loan to the Borrower (each such loan and each loan, if any, made under the Incremental Canadian Term Commitments, referred to individually as a “Canadian Term Loan” and, collectively, the “Canadian Term Loans”), in Canadian Dollars, on the Closing Date, in an aggregate amount equal to such Canadian Term Lender’s Canadian Term Commitment.
Not later than 12:00 Noon, Toronto time, on the Second Restatement Date each Canadian Term Lender shall make available to the Canadian Administrative Agent at the Canadian Payment Office an amount in immediately available funds (except as specified in Section 2.1(b)) equal to the Canadian Term Loan or Canadian Term Loans to be made by such Lender.
Each Canadian Term Lender on the Closing Date made a loan (each a “Canadian Term Loan”) in Dollars to the Canadian Borrower in an amount equal to such Canadian Term Lender’s Canadian Term Commitment.