Common use of Canadian Swingline Commitment Clause in Contracts

Canadian Swingline Commitment. Subject to the terms and conditions hereof, the Canadian Swingline Lender agrees to make extensions of credit to the Canadian Borrower from time to time during the Revolving Commitment Period by making swing line loans ("CANADIAN SWINGLINE LOANS") to the Canadian Borrower in Canadian Dollars and/or issuing Canadian Letters of Credit on behalf of the Canadian Borrower in an aggregate amount not to exceed the Canadian Swingline Commitment of such Lender. Each Canadian Swingline Loan will be made by the Canadian Swingline Lender on an overdraft basis to meet a drawing upon any account maintained by the Canadian Borrower with the Canadian Swingline Lender and no notice of such borrowing shall be required by debiting the account of the Canadian Borrower on the books of the Canadian Lending Office. The amount of such overdraft from time to time shall be deemed to be a C$ Prime Loan or such other type of Loans as shall be agreed to by the Canadian Borrower and the Canadian Swingline Lender. The Canadian Borrower shall ensure that, after giving effect to the making of any Canadian Swingline Loan, the aggregate amount of Canadian Swingline Extensions of Credit then outstanding shall not exceed the Canadian Swingline Commitment. During the Revolving Commitment Period, the Canadian Borrower may use the Canadian Swingline Commitment by borrowing, repaying and reborrowing and causing Canadian Letters of Credit to be issued, all in accordance with the terms and conditions hereof.

Canadian Swingline Commitment. Subject to the terms and conditions hereof, the Canadian Swingline Lender agrees to make extensions of credit to the Canadian Borrower from time to time during the Revolving Commitment Period by making swing line loans ("CANADIAN SWINGLINE LOANS"“Canadian Swingline Loans”) to the Canadian Borrower in Canadian Dollars and/or issuing Canadian Letters of Credit on behalf of the Canadian Borrower in an aggregate amount not to exceed the Canadian Swingline Commitment (or the Dollar Equivalent thereof) of such Lender. The Canadian Swingline Loans may (a) be denominated in Dollars or Canadian Dollars as determined by the Canadian Borrower and notified to the Canadian Swingline Lender and (b) from time to time be (i) U.S. Base Rate Loans, in the case of such Loans denominated in Dollars, (ii) C$ Prime Loans, in the case of such Loans denominated in Canadian Dollars or (iii) issued as Canadian Letters of Credit on behalf of the Canadian Borrower, in each case as determined by the Canadian Borrower. Each Canadian Swingline Loan will be made by the Canadian Swingline Lender on an overdraft basis to meet a drawing upon any account maintained by the Canadian Borrower with the Canadian Swingline Lender Lender, and no notice of such borrowing shall be required required, by debiting the account of the Canadian Borrower on the books of the Canadian Lending Office. The amount of such overdraft from time to time shall be deemed to be a C$ Prime Loan or such other type of Loans as shall be agreed to by the Canadian Borrower and the Canadian Swingline Lender. The Canadian Borrower shall ensure that, after giving effect to the making of any Canadian Swingline Loan, Loan the aggregate amount of Canadian Swingline Extensions of Credit then outstanding shall not exceed the Canadian Swingline Commitment. During the Revolving Commitment Period, the Canadian Borrower may use the Canadian Swingline Commitment by borrowing, repaying and repaying, reborrowing and causing Canadian Letters of Credit to be issued, all in accordance with the terms and conditions hereof.