Examples of Canadian Term Lenders in a sentence
The Borrower shall repay to (i) the U.S. Term Lenders the aggregate principal amount of all U.S. Term Loans outstanding on the Maturity Date for the U.S. Term Facility and (ii) the Canadian Term Lenders the aggregate principal amount of all Canadian Term Loans outstanding on the Maturity Date for the Canadian Term Facility.
Each Canadian Term Borrowing shall consist of Canadian Term Loans made simultaneously by the Canadian Term Lenders.
All payments by the Borrower hereunder with respect to the Canadian Term Loans shall be made to the Administrative Agent, for the account of the respective Canadian Term Lenders to which such payment is owed, at the Administrative Agent’s Office in Canadian Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein.
The Canadian Term Lenders will have five Business Days from the making of any such offer to accept such offer, and any offer not accepted within such time period shall be deemed rejected.
The Canadian Administrative Agent shall credit the account of the Canadian Borrower on the books of such office of the Canadian Administrative Agent with the aggregate of the amounts made available to the Canadian Administrative Agent by the Canadian Term Lenders in immediately available funds.
To the extent such offer is so accepted by the Canadian Term Lenders or any of them, such prepayment shall be made pro rata to the Canadian Term Lenders accepting the offer on a date no later than ten Business Days after the date of such offer.
The Canadian Administrative Agent shall credit the account of the Canadian Borrower on the books of such office of the Canadian Administrative Agent with the aggregate of the amounts made available to the Canadian Administrative Agent by the Canadian Term Lenders in immediately available funds or in accordance with Section 2.1(b).
To the extent there remains any Net Cash Proceeds or Reinvestment Prepayment Amount, as applicable, after paying the Canadian Term Lenders who have accepted such offer, such excess shall be used to prepay the U.S. Term Loans and the Revolving Loans in the amount and in the manner set forth in Section 4.2(e).
The Canadian Term Borrowing shall consist of Canadian Term Loans made in Canadian Dollars simultaneously by the Canadian Term Lenders in accordance with their respective Canadian Term Commitments.
This Waiver shall become effective as of the date (the “Waiver Effective Date”) when the Administrative Agent (or its counsel) shall have received copies hereof that, when taken together, bear the signatures of the Borrowers, the Required Lenders, and a majority in interest of the Canadian Term Lenders.