Canadian Revolving Facility Clause Samples

Canadian Revolving Facility. Loans to the Borrowers under the Canadian Revolving Facility (each a “Canadian Revolving Loan” and, collectively, the “Canadian Revolving Loans”) (i) shall be made only by a Canadian Facility Lender, (ii) may be made at any time and from time to time on and after the Closing Date and prior to the Maturity Date; (iii) shall only be incurred by a Canadian Facility Borrower, (iv) shall be made only in, at the option of the Canadian Facility Borrowers, (A) Canadian Dollars or (B) Dollars if at the time of such Borrowing Dollars are readily and freely transferable and convertible into Canadian Dollars; (v) except as otherwise provided, may, at the option of the Canadian Facility Borrowers, be incurred and maintained as, or Converted into, Canadian Revolving Loans which are (A) as to Borrowings denominated in Canadian Dollars, either Canadian Prime Rate Loans or CDOR Loans and (B) as to Borrowings denominated in Dollars, either Domestic Prime Rate Loans or Eurodollar Loans and, provided that all Canadian Revolving Loans made as part of the same Borrowing shall, unless otherwise specifically provided herein, consist of Canadian Revolving Loans of the same Type and of the same currency; (vi) may be repaid or prepaid, in the same currency in which they were borrowed, and reborrowed in accordance with the provisions hereof; and (vii) may only be made if after giving effect thereto the Unutilized Total Canadian Revolving Commitment will not be less than zero. Without limiting the generality of the foregoing sentence, at no time shall the sum of (X) the aggregate unpaid principal balance of a Canadian Facility Lender’s Canadian Revolving Loans denominated in Canadian Dollars, plus (Y) the Canadian Dollar equivalent of the aggregate unpaid principal balance of such Canadian Facility Lender’s Canadian Revolving Loans denominated in Dollars, plus (Z) such Canadian Facility Lender’s Canadian Revolving Facility Percentage of the Canadian Facility Letter of Credit Outstandings at such time, exceed the Canadian Revolving Commitment of such Canadian Facility Lender. In addition, no Canadian Revolving Loans shall be incurred at any time if after giving effect thereto the Canadian Facility Borrowers would be required to prepay Canadian Revolving Loans in accordance with section 7.2(c). The Obligations of the Canadian Facility Borrowers in respect of the Canadian Revolving Facility shall be joint and several.

Canadian Revolving Facility. The Canadian Revolving Facility shall be available to the Canadian Borrower from the Canadian Revolving Lenders as follows: (i) by way of Loans each in a minimum amount of the lesser of (A) Cdn$1.0 million and (B) the amount then remaining under the Canadian Revolving Committed Amount and (if applicable) in integral multiples of Cdn$250,000 in excess thereof in Canadian Dollars by way of Canadian Prime Rate Loans; (ii) by way of Loans in a minimum amount of the lesser of (A) Cdn$2.5 million and (B) the amount then remaining under the Canadian Revolving Committed Amount and (if applicable) in integral multiples of Cdn$500,000 in excess thereof in Canadian Dollars by way of Bankers’ Acceptance Loans; (iii) by way of Loans each in a minimum amount of the lesser of US$2.5 million and the U.S. Dollar Equivalent Amount then remaining under the Canadian Revolving Committed Amount and (if applicable) in integral multiples of US$500,000 in excess thereof in U.S. Dollars by way of LIBOR Loans and by way of Loans in a minimum amount of US$1.0 million and the U.S. Dollar Equivalent Amount then remaining under the Canadian Revolving Committed Amount and (if applicable) in integral multiples of US$250,000 in excess thereof in U.S. Dollars by way of U.S. Base Rate Loans; (iv) by way of Loans each in a minimum amount of the lesser of €2.5 million and the Euro Equivalent Amount then remaining under the Canadian Revolving Committed Amount and (if applicable) in integral multiples of €500,000 in excess thereof in Euros by way of EUROLIBOR Loans; (v) by way of Letters of Credit issued by the relevant Issuing Lender under the Canadian Revolving Commitment in accordance with Section 2.11; and (vi) by way of Loans from the Canadian Swingline Facility Lender under the Canadian Swingline Facility in accordance with Section 2.12.

Canadian Revolving Facility. Cognos shall pay to the Canadian Agent for the account of the Canadian Revolving Lenders a standby fee in relation to their respective Canadian Revolving Commitments based on the unused portion of the Canadian Revolving Facility payable in US Dollars which shall be in the amount determined by the Canadian Agent to be equal to the sum of the products for each day during the Availability Period of the Canadian Revolving Facility of (a) the amount by which the Total Canadian Revolving Commitment exceeds the aggregate Credit Amount of all Advances under the Canadian Revolving Facility at the end of the day multiplied by (b) the fraction of (i) the Applicable Margin divided by (ii) 365.

Canadian Revolving Facility. Canadian Borrower shall pay to Agent, for the Pro Rata benefit of Canadian Lenders (other than a Defaulting Lender for any period during which it is a Defaulting Lender), a monthly fee calculated for each month as follows (the “Canadian Unused Fee”): (i) if Average Canadian Facility Usage for the most recently ended calendar quarter is greater than 50% of the aggregate Canadian Revolver Commitments for such calendar \10728692

Canadian Revolving Facility. Cognos shall pay a stamping fee to the Canadian Agent for the account of each Canadian Revolving Lender on the issuance of each Acceptance by such Canadian Revolving Lender under the Canadian Revolving Facility which shall be in an amount equal to the product of (a) the face amount of such Acceptance multiplied by (b) the actual number of days to elapse in the Term of such Acceptance multiplied by (c) the fraction of (i) the Applicable Margin divided by (ii) 365.

Canadian Revolving Facility. Cognos may deliver a Borrowing Request to the Canadian Agent (which must be received by the Canadian Agent before 10:00 a.m. on the second Business Day before the Quotation Date for the Term requested in the Borrowing Request to be effective) requesting that Drafts be accepted under the Canadian Revolving Facility on any proposed Borrowing Date and stating the aggregate face amount and the Term applicable to such Drafts.

Canadian Revolving Facility. Work Wear's obligation to pay all Canadian Revolving Advances made by a Canadian Bank hereunder shall be evidenced by and repayable in accordance with a Canadian Revolving Note issued by Work Wear to such Canadian Bank. The aggregate unpaid principal amount of each Canadian Revolving Note shall bear interest at the applicable Canadian Floating Rate unless converted to an Acceptance pursuant to SECTIONS 3.2, 3.3 or 3.4, and shall be payable on the applicable Maturity Date with respect thereto or earlier in accordance with SECTION 9.2.

Canadian Revolving Facility. Canadian Borrower shall pay to Agent, for the Pro Rata benefit of Canadian Lenders (other than a Defaulting Lender for any period during which it is a Defaulting Lender), a monthly fee calculated for each month as follows (the “Canadian Unused Fee”): (i) if Average Canadian Facility Usage for the most recently ended calendar quarter is greater than 50% of the aggregate Canadian Revolver Commitments for such calendar quarter, the Canadian Unused Fee shall be 0.50% per annum times the amount by which (A) the Canadian Revolver Commitments for such month exceed (B) the Average Canadian Facility Usage for such month and (ii) if Average Canadian Facility Usage for the most recently ended calendar quarter is less than or equal to 50% of the aggregate Canadian Revolver Commitments for such calendar quarter, the Canadian Unused Fee shall be 0.75% per annum times the amount by which (A) the Canadian Revolver Commitments for such month exceeds (B) the Average Canadian Facility Usage for such month. Such fee shall be payable monthly in arrears, on the first day of each month and on the Canadian Revolver Commitment Termination \8885650.14

Canadian Revolving Facility