Canadian Commitments Clause Samples

Canadian Commitments. Notwithstanding anything to the contrary contained in this Agreement, participating interests in, and rights and obligations with respect to, Canadian Advances and Canadian Commitments may be granted or assigned only to Schedule I Banks, Schedule II Banks, Schedule III Banks or a Person established under the laws of Canada or any province or territory thereof that is authorized to carry on business in Canada pursuant to Part XII of the Bank Act (Canada).

Canadian Commitments. The Canadian Borrower shall have the right, upon at least three Business Days’ irrevocable notice to the Canadian Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the Canadian Commitments; provided that each partial reduction shall be in the aggregate amount of $1,000,000 and in integral multiples of $1,000,000 in excess thereof. Any reduction or termination of the Canadian Commitments pursuant to this Section shall be permanent, with no obligation of the Canadian Lenders to reinstate such Canadian Commitments, and the Commitment Fees shall thereafter be computed on the basis of the Canadian Commitments, as so reduced.

Canadian Commitments. The Canadian Borrower shall have the right at any time after the Closing Date upon five (5) days’ prior written notice to the Administrative Agent to permanently reduce (ratably among the Canadian Lenders in proportion to their Ratable Shares) the Canadian Commitments, in whole multiples of CD$5,000,000, or to terminate completely the Canadian Commitments, without penalty or premium except as hereinafter set forth; provided that any such reduction or termination shall be accompanied by prepayment of the Loans, together with outstanding Commitment Fees, the full amount of interest accrued on the principal sum to be prepaid (and all amounts referred to in Section 4.10 [Indemnity] hereof) to the extent necessary to cause the aggregate Revolving Facility Usage of the Canadian Borrower after giving effect to such prepayments to be equal to or less than the Canadian Commitments as so reduced or terminated. Any notice to reduce or terminate the Canadian Commitments under this Section 2.11 shall be irrevocable.

Canadian Commitments. Any Lender now or hereafter becoming party to the Canadian Facility Agreement shall notify the Agent of the Dollar Equivalent amount of its Canadian Commitment and of any change to such amount.

Canadian Commitments. A reduction of the Commitments under Section 5.01(a) or (b) shall not cause a reduction of the Canadian Commitments.

Canadian Commitments. On the terms and subject to the conditions of this Agreement (including SECTIONS 3.1.3, 3.1.4 and ARTICLE VII),

Canadian Commitments. On the terms and subject to the conditions of this Agreement (including SECTIONS 3.1.3, 3.1.4 and ARTICLE VII), (a) each Canadian Lender severally agrees to make Canadian Loans (other than Canadian Swing Line Loans) pursuant to the Canadian Commitments and the Canadian Swing Line Lender agrees to make Canadian Swing Line Loans pursuant to the Canadian Swing Line Loan Commitment, in each case as described in this SECTION 3.1, and each Canadian Lender agrees to accept Canadian BAs in accordance with SECTION 3.5; and (b) each Canadian Issuer severally agrees that it will issue Canadian Letters of Credit pursuant to SECTION 3.1.2, and each Canadian RL Lender severally agrees that it will purchase participation interests in such Canadian Letters of Credit pursuant to SECTION 4.1.1. Such agreements of each Canadian Lender are referred to collectively as its "CANADIAN COMMITMENT", and all Canadian Commitments of Canadian Lenders are referred to collectively as the "CANADIAN FACILITY". (a) From time to time on any Business Day occurring prior to the Canadian Revolving Loan Commitment Termination Date, each Canadian RL Lender will make revolving loans to or accept Canadian BAs of (relative to such Lender, its "CANADIAN REVOLVING LOANS") the Canadian Borrower equal to such Canadian RL Lender's Canadian Percentage of the aggregate amount of each Borrowing of the Canadian Revolving Loans requested by the Canadian Borrower to be made on such day. The Commitment of each such Canadian RL Lender described in this SECTION 3.1.1 is herein referred to as its "CANADIAN REVOLVING LOAN COMMITMENT". On the terms and subject to the conditions hereof, the Canadian Borrower may from time to time borrow, prepay and reborrow the Canadian Revolving Loans. (b) From time to time on any Business Day occurring prior to the Canadian Revolving Loan Commitment Termination Date, the Canadian Swing Line Lender will make loans (relative to the Canadian Swing Line Lender, its "CANADIAN SWING LINE LOANS") to the Canadian Borrower equal to the principal amount of the Canadian Swing Line Loans requested by the Canadian Borrower to be made on such day. The Commitment of the Canadian Swing Line Lender described in this CLAUSE (b) is herein referred to as its "CANADIAN SWING LINE LOAN COMMITMENT". On the terms and subject to the conditions hereof, the Canadian Borrower may from time to time borrow, prepay and reborrow Canadian Swing Line Loans.

Canadian Commitments. JPMorgan Chase Bank, N.A. UBS Loan Finance LLC ▇▇▇▇▇ Fargo General Electric Capital Corporation CIT Business Credit Canada Inc.