FILO Subfacility definition
Examples of FILO Subfacility in a sentence
Thereafter, the Lead Borrower or the Canadian Borrower, as applicable, may elect to convert such Borrowing, with respect to the U.S. Subfacility, U.S. FILO Subfacility and Canadian Subfacility, as applicable, to a different Type or to continue such Borrowing and, in the case of a Borrowing of LIBOR Rate Loans or B/A Equivalent Loans, may elect Interest Periods or Contract Periods, as applicable, therefor, all as provided in this Section 2.
Within the limits set forth above and subject to the terms, conditions and limitations set forth herein, the Borrowers may borrow, pay or prepay and reborrow Revolving Loans under each applicable Subfacility and may borrow, pay or prepay and reborrow FILO Loans under each applicable FILO Subfacility.
If amounts are outstanding under the U.S. Subfacility at the time of establishment of a U.S. FILO Subfacility, or outstanding under the Canadian Subfacility at the time of establishment of a Canadian FILO Subfacility, such amounts up to the applicable FILO Line Cap shall be deemed outstanding under the newly-established FILO Subfacility, and only the excess over the applicable FILO Line Cap shall be deemed thereafter outstanding under the U.S. Subfacility or the Canadian Subfacility, as the case may be.
We had the opportunity to engage with Aboriginal communities and organizations, who shared their unique perspective and connection to the land.
Notwithstanding the foregoing, in no event will any amounts received from a Canadian Credit Party be applied to any such amounts with respect to the U.S. FILO Subfacility or the U.S. Subfacility or Borrowings by a U.S. Borrower under the Canadian Subfacility or the Canadian FILO Subfacility.
For the avoidance of doubt, and for purposes of this Agreement, the U.S. Borrowers shall be permitted to borrow only under the U.S. Subfacility or the U.S. FILO Subfacility and against the U.S. Borrowing Base and the Canadian Borrower shall be permitted to borrow only under the Canadian Subfacility and against the Canadian Borrowing Base.
If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be a Borrowing of U.S. Base Rate Loans for U.S. Borrowers and of Canadian Prime Rate Loans (for Borrowings in Canadian Dollars under the Canadian Subfacility or the Canadian FILO Subfacility) or Canadian Base Rate Loans (for Borrowings in Dollars under the U.S. Subfacility or the U.S. FILO Subfacility), as applicable, for the Canadian Borrowers or U.K. Borrowers, if any.
If amounts are outstanding under the U.S. Subfacility at the time of establishment of a U.S. FILO Subfacility, or outstanding under the Canadian Subfacility at the time of establishment of a Canadian FILO Subfacility, such amounts up to the applicable FILO Line Cap shall be deemed outstanding under the newly-established FILO Subfacility, and only the excess over the applicable FILO Line Cap shall be deemed thereafter outstanding under the U.S. Subfacility or the Canadian Subfacility as the case may be.
Thereafter, the Relevant Borrower may elect to convert such Borrowing, with respect to the U.S. Subfacility and, the U.S. FILO Subfacility, the Canadian Subfacility and the Canadian FILO Subfacility, as applicable, to a different Type or to continue such Borrowing and, in the case of a Borrowing of LIBORLIBO Rate Loans or B/A EquivalentCDOR Rate Loans, may elect Interest Periods or Contract Periods, as applicable, therefor, all as provided in this Section 2.08.
Thereafter, the Relevant Borrower may elect to convert such Borrowing, with respect to the U.S. Subfacility, the U.S. FILO Subfacility, the Canadian Subfacility and the Canadian FILO Subfacility, as applicable, to a different Type or to continue such Borrowing and, in the case of a Borrowing of LIBO Rate Loans or CDOR Rate Loans, may elect Interest Periods therefor, all as provided in this Section 2.08.