Common use of Canadian Commitment Clause in Contracts

Canadian Commitment. Canadian Borrowers shall pay to Agent at the Designated Lending Office, for the ratable account of the Canadian Lenders, as a consideration for the Canadian Commitment, a facility fee from the Closing Date to and including the last day of the Commitment Period, payable quarterly, at a rate per annum equal to (A) the Applicable Facility Fee Rate in effect on the payment date, times (B) the average daily Maximum CAD Revolving Amount in effect during such quarter. The facility fee shall be payable in arrears, on June 30, 2005 and on each Regularly Scheduled Payment Date thereafter, and on the last day of the Commitment Period.

Canadian Commitment. Canadian Borrowers Borrower shall pay to Agent at the Designated Lending OfficeCanadian Funding Agent, for the ratable account of the Canadian Lenders, as a consideration for the Canadian Commitment, a facility fee from the Closing Date to and including the last day of the Commitment Period, payable quarterly, at a rate per annum equal to (A) the Applicable Facility Fee Rate in effect on the payment date, times (B) the average daily Maximum CAD Canadian Revolving Amount in effect during such quarter. The facility fee shall be payable in arrears, on June 30July 31, 2005 2004 and on each Regularly Scheduled Payment Date thereafter, and on the last day of the Commitment Period.. 45