Common use of Canadian Commitment Clause in Contracts

Canadian Commitment. Subject to the terms and conditions of this Agreement, the Canadian Lender agrees to make loans (each a "Canadian Loan" and collectively the "Canadian Loans") in Canadian Dollars to Pentair Canada during the period from the Closing Date to the Termination Date in a Dollar Equivalent amount at any time outstanding not to exceed the Canadian Sublimit; provided that the Total Outstandings shall not at any time exceed the Total Commitment. Subject to the terms and conditions hereof, Pentair Canada may borrow under this Section 4.01, prepay under Section 4.05 and reborrow under this Section 4.01 from time to time.

Canadian Commitment. Subject to the terms and conditions of this Agreement, the Canadian Lender agrees to make loans (each a "“Canadian Loan" ” and collectively the "“Canadian Loans"”) in Canadian Dollars to Pentair Canada each Canadian Borrower during the period from the Closing Date to the Termination Date in a Dollar Equivalent amount at any time outstanding not to exceed the Canadian Sublimit; provided that the Total Outstandings shall not at any time exceed the Total Commitment. Subject to the terms and conditions hereof, Pentair Canada each Canadian Borrower may borrow under this Section 4.01, prepay under Section 4.05 and reborrow under this Section 4.01 from time to time.