Common use of Canadian Commitments Clause in Contracts

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 in part the unused portion of the Canadian Commitments; provided that each partial reduction shall be in a minimum amount of $1,000,000 and in integral multiples of $1,000,000 in excess thereof (or the remaining amount of the Canadian Commitments, if less). Any reduction or termination of the Canadian Commitments pursuant to this Section 2.1(c)(ii) shall be applied ratably to each Canadian Facility Lender’s Canadian Commitment and shall be permanent, with no obligation of the Canadian Facility Lenders to reinstate such Canadian Commitments, and the applicable Commitment Fees shall thereafter be computed on the basis of the Canadian Commitments, as so reduced; provided that a notice of termination of the Canadian Commitments delivered by the Canadian Borrower may state that such notice is conditioned upon the effectiveness of other transactions, in which case such notice may be revoked by the Canadian Borrower (by notice to the Canadian Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.

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 a minimum the aggregate amount of $1,000,000 and in integral multiples of $1,000,000 in excess thereof (or the remaining amount of the Canadian Commitments, if less). Any reduction or termination of the Canadian Commitments pursuant to this Section 2.1(c)(ii) shall be applied ratably to each Canadian Facility Lender’s Canadian Commitment and shall be permanent, with no obligation of the Canadian Facility Lenders to reinstate such Canadian Commitments, and the applicable Commitment Fees shall thereafter be computed on the basis of the Canadian Commitments, as so reducedthereof; provided further that a notice of termination of the Canadian Commitments delivered by the Canadian Borrower may state that such notice is conditioned upon the effectiveness of other transactionscredit facilities, in which case such notice may be revoked by the Canadian Borrower (by notice to the Canadian Administrative Agent on or prior to the specified effective date) if such condition is not satisfiedsatisfied 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, upon at least three 10 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 (A) each partial reduction shall be in a minimum the aggregate amount of $1,000,000 and in integral multiples of $1,000,000 in excess thereof thereof; (or the remaining amount of the Canadian Commitments, if less). Any reduction or termination of the Canadian Commitments pursuant to this Section 2.1(c)(iiB) shall be applied ratably to each Canadian Facility Lender’s Canadian Commitment and shall be permanent, with no obligation of the Canadian Facility Lenders to reinstate such Canadian Commitments, and the applicable Commitment Fees shall thereafter be computed on the basis of the Canadian Commitments, as so reduced; provided that a notice of termination of the Canadian Commitments delivered by the Canadian Borrower may state that such notice is conditioned upon the effectiveness of other transactionscredit facilities, in which case such notice may be revoked by the Canadian Borrower (by notice to the Canadian Administrative Agent on or prior to the specified effective date) if such condition is not satisfied; and (C) 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 unused fees shall thereafter be computed on the basis of the Canadian Commitments, as so reduced.

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 in part the unused portion of the Canadian Commitments; provided that each partial reduction shall be in a minimum amount of $1,000,000 and in integral multiples of $1,000,000 in excess thereof (or the remaining amount of the Canadian Commitments, if less). Any reduction or termination of the Canadian Commitments pursuant to this Section 2.1(c)(ii) shall be applied 48 ratably to each Canadian Facility Lender’s Canadian Commitment and shall be permanent, with no obligation of the Canadian Facility Lenders to reinstate such Canadian Commitments, and the applicable Commitment Fees shall thereafter be computed on the basis of the Canadian Commitments, as so reduced; provided that a notice of termination of the Canadian Commitments delivered by the Canadian Borrower may state that such notice is conditioned upon the effectiveness of other transactions, in which case such notice may be revoked by the Canadian Borrower (by notice to the Canadian Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.