Canadian Swing Line Loans. (a) Upon the satisfaction of the conditions precedent set out in Section 4.2 and, if such Canadian Swing Line Loan is to be made on the date of the initial Advance hereunder, the satisfaction of the conditions precedent set out in Section 4.1 as well, from and including the date of this Agreement and prior to its respective Commitment Maturity Date, each Canadian Swing Line Lender agrees, on the terms and conditions set out in this Agreement, to make Canadian Swing Line Loans in Dollars or Canadian Dollars to the Parent or any Canadian Borrower from time to time in an aggregate principal Dollar Amount not to exceed, for all such Borrowers, the Canadian Swing Line Commitment, provided that (i) the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate Commitment, and (ii) at no time shall such Canadian Swing Line Lender's Outstanding Credit Exposure exceed the Dollar Amount of such Canadian Swing Line Lender's Commitment at such time. Canadian Swing Line Loans may bear interest at either the Offered Rate or, in the case of Loans denominated in Canadian Dollars, the Canadian Prime Rate. Subject to the terms of this Agreement, the Parent and the Canadian Borrowers may borrow, repay and reborrow Canadian Swing Line Loans at any time prior to the applicable Commitment Maturity Date.
Canadian Swing Line Loans. (a) The Canadian Borrower may borrow under the ------------------------- Canadian Swing Line Commitment on any Business Day during the Canadian Revolving Credit Commitment Period, provided, the Canadian Borrower shall -------- give the Canadian Swing Line Lender and the Canadian Administrative Agent irrevocable telephonic notice confirmed promptly in writing (which telephonic notice must be received by the Canadian Swing Line Lender and the Canadian Administrative Agent not later than 1:30 P.M., Toronto time, on the proposed Borrowing Date), specifying (a) the amount to be borrowed and (b) the requested Borrowing Date. Each borrowing under the Canadian Swing Line Commitment shall be in an amount equal to U.S. $100,000 or a whole multiple of U.S. $50,000 in excess thereof, in the case of borrowings in U.S. Dollars, or C$100,000 or a whole multiple of C$50,000 in excess thereof, in the case of borrowings in Canadian Dollars. Upon receipt of any such notice from the Canadian Borrower, the Canadian Swing Line Lender shall promptly notify the Canadian Administrative Agent. Not later than 3:00 P.M., Toronto time, on the Borrowing Date specified in the borrowing notice in respect of any Canadian Swing Line Loan, the Canadian Swing Line Lender shall make available to the Canadian Administrative Agent at the Canadian Funding Office an amount in immediately available funds equal to the amount of such Canadian Swing Line Loan. The Canadian Administrative Agent shall make the proceeds of such Canadian Swing Line Loan available to the Canadian Borrower on such Borrowing Date in like funds as received by the Canadian Administrative Agent.
Canadian Swing Line Loans. To the extent not previously refinanced under Section 2.4.2(c), Canadian Borrower shall repay each Canadian Swing Line Loan on the earlier to occur of (i) the date ten Business Days after such Loan is made and (ii) the Commitment Maturity Date.
Canadian Swing Line Loans. The terms of this Addendum shall apply equally to Bankers’ Acceptance Loans made by the Global Swing Line Lender except that (i) Bankers’ Acceptances Loans will consist of loans bearing interest at the CDOR Rate and not the issuance of Bankers’ Acceptances; (ii) the CDOR Rate will be the discount rate for the term of the applicable Bankers’ Acceptance Loan as quoted by the Global Swing Line Lender; (iii) interest on Bankers’ Acceptance Loans shall be payable on the last day of the applicable Interest Period and (iv) the applicable notice requirements shall be as set out in Schedule II to the Credit Agreement.
Canadian Swing Line Loans. See §2.14(a). Canadian Swing Line Note. See §2.14(f). Capitalized Leases. Leases under which Ryder or any of its Consolidated Subsidiaries is the lessee or obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with GAAP.
Canadian Swing Line Loans. (a) By telephonic notice, promptly followed (within one Business Day) by the delivery of a confirming Borrowing Request, to the Canadian Swing Line Lender on or before 1:00 p.m. (local time) on the Business Day the proposed Canadian Swing Line Loan is to be made, the Canadian Borrower may from time to time irrevocably request that Canadian Swing Line Loans be made by the Canadian Swing Line Lender in an aggregate minimum principal amount of Cdn $100,000 and an integral multiple of Cdn $100,000 or, if requested by the Canadian Borrower and consented to by the Canadian Swing Line Lender, be made in U.S. Dollars, in an aggregate minimum principal amount of $100,000 and an integral multiple of $100,000. All Canadian Swing Line Loans shall be made as Canadian Prime Rate Loans and shall not be entitled to be converted into Canadian BAs. The proceeds of each Canadian Swing Line Loan shall be made available by the Canadian Swing Line Lender, by its close of business on the Business Day telephonic notice is received by it as provided in this Section, to the Canadian Borrower by wire transfer to the account the Canadian Borrower shall have specified in its notice therefor.
Canadian Swing Line Loans. The Canadian Borrower shall repay each Canadian Swing Line Loan on the Revolving Loan Maturity Date the aggregate principal amount of all Canadian Swing Line Loans outstanding on such date.
Canadian Swing Line Loans. (a) The Canadian Swing Line. Subject to the terms and conditions set forth herein, the Canadian Swing Line Lender agrees to make loans (each such loan, a “Canadian Swing Line Loan”) to each Canadian Borrower from time to time on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Canadian Swing Line Sublimit, notwithstanding the fact that such Canadian Swing Line Loans, when aggregated with the Pro Rata Share of the Outstanding Amount of Canadian Committed Borrowings and Canadian L/C Obligations of the Canadian Lender acting as Canadian Swing Line Lender, may exceed the amount of such Canadian Lender’s Canadian Commitment; provided, however, that after giving effect to any Canadian Swing Line Loan, (i) the Total Canadian Outstandings shall not exceed the Aggregate Canadian Commitments and (ii) the aggregate Outstanding Amount of the Canadian Committed Loans of any Canadian Lender, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian L/C Obligations, plus such Canadian Lender’s Pro Rata Share of the Outstanding Amount of all Canadian Swing Line Loans shall not exceed such Canadian Lender’s Canadian Commitment; and provided, further, that the applicable Canadian Borrower shall not use the proceeds of any Canadian Swing Line Loan to refinance any outstanding Canadian Swing Line Loan. Within the foregoing limits, and subject to the other terms and conditions hereof, the applicable Canadian Borrower may borrow under this Section 3.05, prepay under Section 3.06, and reborrow under this Section 3.05. Each Canadian Swing Line Loan shall be a Canadian Prime Rate Loan. Immediately upon the making of a Canadian Swing Line Loan, each Canadian Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Canadian Swing Line Lender a risk participation in such Canadian Swing Line Loan in an amount equal to the product of such Canadian Lender’s Pro Rata Share times the amount of such Canadian Swing Line Loan.
Canadian Swing Line Loans. () Notwithstanding any other provision of this Agreement to the contrary, in order to administer the Canadian Revolving Credit Facility in an efficient manner, to facilitate the payment of checks in circulation issued by Facility Borrowers, and to minimize the transfer of funds between the Canadian Agent and the Canadian Revolving Credit Facility Lenders, the Canadian Swing Line Facility Lender shall make available Canadian Swing Line Loans to the Facility Borrowers prior to the Revolving Credit Termination Date. The Canadian Swing Line Facility Lender shall not make any Canadian Swing Line Loan pursuant hereto (i) if, in the sole discretion of the Canadian Swing Line Lender, the Facility Borrowers are unable to draw under the Canadian Revolving Credit Facility because they cannot satisfy all of the conditions set forth in SECTION 8.2 or (ii) if after giving effect to such Canadian Swing Line Loan, the aggregate principal amount of all Canadian Swing Line Loan Outstandings exceeds $4,000,000 or the aggregate principal amount of all Outstandings under the Canadian Revolving Credit Facility, the Canadian Letter of Credit Facility and the Canadian Swing Line Facility exceeds the Total Commitment with respect to the Canadian Revolving Credit Facility.
Canadian Swing Line Loans. 66 3.06 Prepayments............................................................................... 70 3.07
