Acceptance Commitments. (a) Subject to the terms and conditions hereof, each Canadian Lender severally agrees to create Acceptances for the Canadian Borrower on any Business Day during the Revolving Credit Commitment Period by accepting Drafts drawn by the Canadian Borrower so long as after giving effect to such acceptance, (i) the Available Canadian Revolving Credit Commitment of such Canadian Lender would be greater than or equal to zero and (ii) the Aggregate Total Outstandings of all Lenders do not exceed the Aggregate U.S. Revolving Credit Commitments.
Acceptance Commitments. 50 6.2 Creation of Acceptances......................................... 50 6.3
Acceptance Commitments. (a) Pursuant to the Existing Credit Agreement, the Canadian Lenders (as defined under the Existing Credit Agreement, the "Existing Acceptance Lenders") have created (i) the Acceptances described on Schedule 1.1D (the "Existing Acceptances"), which from and after the Closing Date shall continue to be "Acceptances" hereunder and (ii) the Acceptances described on Schedule 1.1E (the "Specified Acceptances"), which will be repaid in full on the Closing Date . As of the Closing Date, The Toronto-Dominion Bank, as a Canadian Lender, shall have entered into an indemnity agreement with the Existing Acceptance Lenders with respect to amounts to be paid to the Existing Acceptance Lenders in respect of the Existing Acceptances and, as of the Closing Date, The Toronto-Dominion Bank shall be deemed to have created all of the Existing Acceptances. In the event that any Acceptances are outstanding on the date on which any Canadian Lender other than The Toronto-Dominion Bank becomes a party to this Agreement, such Canadian Lender shall enter into an indemnity agreement with The Toronto-Dominion Bank with respect to such Existing Acceptances, in form and substance satisfactory to such Canadian Lender and The Toronto-Dominion Bank.
Acceptance Commitments. 20 SECTION 3.2 Creation of Acceptances ................................. 21 SECTION 3.3 Discount of Acceptances ................................. 22 SECTION 3.4
Acceptance Commitments. (a) Subject to the terms and conditions hereof, each Lender agrees to create Acceptances for the Borrower on any Business Day during the Commitment Period by accepting Drafts drawn by the Borrower; provided that no Lender shall be obligated to accept any Draft if, after giving effect to such acceptance, (i) the Available Commitment of such Lender would not be greater than or equal to zero or (ii) the Aggregate Available Commitments of all Lenders would not be greater than or equal to zero.
Acceptance Commitments. (a) Subject to the terms and conditions ---------------------- hereof, each Canadian Revolving Credit Lender severally agrees to create Acceptances for the Canadian Borrower on any Business Day during the Canadian Revolving Credit Commitment Period by accepting Drafts drawn by the Canadian Borrower so long as after giving effect to such acceptance, (i) the Available Canadian Revolving Credit Commitment of such Canadian Revolving Credit Lender would be greater than or equal to zero and (ii) the Aggregate Canadian Revolving Extensions Credit of all Lenders would not exceed the Borrowing Base of the Canadian Borrower.
Acceptance Commitments. Subject to the terms and conditions hereof, each Canadian Lender severally agrees to convert Canadian Term Loans made by such Canadian Lender to Acceptances in an aggregate face amount not to exceed the aggregate principal amount of such Canadian Term Loans; provided, that no such conversion shall occur if, (i) after giving effect to such conversion and to the repayment of any portion of maturing Acceptances not being so converted, the Total Aggregate Canadian Term Loan Outstandings would exceed the Canadian Facility Maximum Amount at such time or (ii) prior to the maturity of such Acceptances a Canadian Facility Amortization Date will occur and, after giving effect to the reduction in the Canadian Facility Maximum Amount on such date, the Total Aggregate Canadian Term Loan Outstandings will exceed the Canadian Facility Maximum Amount.
Acceptance Commitments. Section 2.1.3 of the Credit Agreement is hereby amended by deleting the further proviso set forth therein in its entirety and substituting the following therefor: provided further that the Issuer will have no obligation to create any Acceptances if, after giving effect to such creation, (i) the Acceptance Obligations would exceed the Acceptance Commitment Amount or (ii) the aggregate outstanding Revolving Extensions of Credit of all Lenders would exceed (x) prior to the Borrowing Base Commencement Date, the Revolving Loan Commitment Amount as then in effect and (y) from and after Borrowing Base Commencement Date, in the sole discretion of the Administrative Agent and upon notice to the Borrower, the lesser of (A) the Borrowing Base Amount and (B) the Revolving Loan Commitment Amount as then in effect or (iii) the aggregate outstanding Revolving Extensions of Credit of all Lenders would exceed the Aggregate Available Revolving Commitment of all Lenders.
Acceptance Commitments. Upon the terms and subject to the conditions hereof, the Administrative Agent agrees, at any time and from time to time during the Commitment Period, to create Acceptances for the Company maturing on a Business Day not less than 30 days or more than 180 days after the creation thereof and in any event not later than the Termination Date; provided, that the Administrative Agent shall not create an Acceptance whose face amount exceeds the Total Available Commitments or would cause the Total Outstandings to exceed the Total Commitments. Each Acceptance shall be created by the Administrative Agent’s acceptance of Drafts drawn on it in accordance with the terms of this Agreement. Each drawing (a “Drawing”) shall be in aggregate face amount of $5,000,000 or an integral multiple of $100,000 in excess thereof.
Acceptance Commitments. (a) Subject to the terms and conditions ---------------------- hereof, each Lender agrees to create Acceptances for the Borrower on any Business Day during the Commitment Period by accepting Drafts drawn by the Borrower; provided that no Lender shall be obligated to accept any Draft if, -------- after giving effect to such acceptance, (i) the Available Commitment of such Lender would be less than zero or (ii) the Aggregate Outstandings of all Lenders would exceed the lesser of (A) the Borrowing Base then in effect and (B) the aggregate Commitments of all Lenders.
