Examples of Exchange Equivalent in a sentence
Accommodations under the Syndicated Facility may be drawn down by the Borrower during the Revolving Period in Canadian Dollars or the Canadian Dollar Exchange Equivalent thereof in U.S. Dollars, or any combination thereof, to a maximum of the Syndicated Facility Commitment Amount.
Subject to Section 5.8, if as a result of currency fluctuation the Canadian Dollar Exchange Equivalent of the Aggregate Principal Amount owing to the Lenders under the applicable Credit Facility exceeds the Commitment Amount under the applicable Credit Facility (the “Excess”), the Borrower will forthwith pay the Excess to the Agent as a Principal Repayment for the benefit of the Lenders to be shared by the Lenders under such Credit Facility on a pro rata basis.
Accommodations under the Operating Facility may be drawn down by the Borrower during the Revolving Period in Canadian Dollars or the Canadian Dollar Exchange Equivalent thereof in U.S. Dollars, or any combination thereof, to a maximum of the Operating Facility Commitment Amount.