Common use of Canadian Commitment Clause in Contracts

Canadian Commitment. Each Canadian Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Canadian Advances to the Canadian Borrower from time to time on any Business Day during the period from the Effective Date until the Business Day immediately preceding the Maturity Date; provided that after giving effect to such Canadian Advances, the Canadian Outstandings shall not exceed the aggregate Canadian Commitments in effect at such time. Within the limits of each Canadian Lender’s Canadian Commitment, the Canadian Borrower may from time to time borrow, prepay pursuant to Section 2.7, and reborrow under this (b).

Appears in 2 contracts

Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

AutoNDA by SimpleDocs

Canadian Commitment. Each Canadian Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Canadian Advances to the Canadian Borrower from time to time on any Business Day during the period from the Effective Date until the Business Day immediately preceding the Revolving Maturity Date; provided that after giving effect to such Canadian Advances, the aggregate Canadian Outstandings shall not exceed the aggregate Canadian Commitments in effect at such time. Within the limits of each Canadian Lender’s Canadian Commitment, the Canadian Borrower may from time to time borrow, prepay pursuant to Section 2.7, and reborrow under this (bSection 2.1(b).

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

Canadian Commitment. Each Canadian Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Canadian Advances to the Canadian Borrower from time to time on any Business Day during the period from the Effective Date until the Business Day immediately preceding the Maturity Date; provided that after giving effect to such Canadian Advances, the aggregate Canadian Outstandings shall not exceed the aggregate Canadian Commitments in effect at such timeCredit Amount. Within the limits of each Canadian Lender’s Canadian CommitmentCommitment or its Applicable Percentage of the Canadian Borrowing Base, the Canadian Borrower may from time to time borrow, prepay pursuant to Section 2.7, and reborrow under this (bSection 2.1(b).

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

Canadian Commitment. Each Canadian Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Canadian Advances to the Canadian Borrower from time to time on any Business Day during the period from the Effective Date until the Business Day immediately preceding the Maturity Date; provided that after giving effect to such Canadian Advances, the aggregate Canadian Outstandings shall not exceed the aggregate Canadian Commitments in effect at such time. Within the limits of each Canadian Lender’s Canadian Commitment, the Canadian Borrower may from time to time borrow, prepay pursuant to Section 2.7, and reborrow under this (bSection 2.1(b).

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

AutoNDA by SimpleDocs

Canadian Commitment. Each From and after the Canadian Facility Effective Date, each Canadian Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Canadian Advances to the Canadian Borrower from time to time on any Business Day during the period from the Effective Date until the Business Day immediately preceding the Maturity Date; provided that after giving effect to such Canadian Advances, the aggregate Canadian Outstandings shall not exceed the aggregate Canadian Commitments in effect at such time. Within the limits of each Canadian Lender’s Canadian Commitment, the Canadian Borrower may from time to time borrow, prepay pursuant to Section 2.7, and reborrow under this (bSection 2.1(b).

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

Canadian Commitment. Each Canadian Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Canadian Advances to the Canadian Borrower from time to time on any Business Day during the period from the Effective Closing Date until the Business Day immediately preceding the Revolving Maturity Date; provided that after giving effect to such Canadian Advances, the aggregate Canadian Outstandings shall not exceed the aggregate Canadian Commitments in effect at such time. Within the limits of each Canadian Lender’s Canadian Commitment, the Canadian Borrower may from time to time borrow, prepay pursuant to Section 2.7, and reborrow under this (bSection 2.1(b).

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.