Common use of Canadian Term Loan Clause in Contracts

Canadian Term Loan. Subject to the terms and conditions set forth herein, each Canadian Term Lender severally agrees to make a single loan to the Borrower (each such loan and each loan, if any, made under the Incremental Canadian Term Commitments, referred to individually as a “Canadian Term Loan” and, collectively, the “Canadian Term Loans”), in Canadian Dollars, on the Closing Date, in an aggregate amount equal to such Canadian Term Lender’s Canadian Term Commitment. In addition, in the event of the establishment of one or more Incremental Canadian Term Commitments as provided in Section 2.18, each Incremental Canadian Term Lender hereby severally agrees, on the terms and subject to the conditions of this Agreement, to make a single Canadian Term Loan to the Borrower on the effective date of the establishment of each such Incremental Canadian Term Commitment, in a principal amount equal to such Incremental Canadian Term Lender’s (i) increase to its Canadian Term Commitment or (ii) Canadian Term Commitment, as applicable. Each Canadian Term Borrowing shall consist of Canadian Term Loans made simultaneously by the Canadian Term Lenders. After giving effect to each Canadian Term Loan the Outstanding Amount of all Canadian Term Loans shall not exceed the Canadian Term Facility as then in effect. Canadian Term Borrowings prepaid or repaid, in whole or in part, may not be reborrowed. Canadian Term Loans must consist of Eurocurrency Rate Loans. Any Canadian Term Borrowing made on the Closing Date shall be subject to the receipt by Administrative Agent of a Funding Indemnity Letter from the Borrower not less than three (3) Business Days prior to the date of such Canadian Term Borrowing.

Canadian Term Loan. Subject Pursuant to the terms and conditions set forth hereinof the Existing Credit Agreement, on the Closing Date (as defined in the Existing Credit Agreement), each Canadian Term Lender severally agrees to make made a single loan to the Borrower (such loans the “Existing Canadian Term Loans”; and together with each such loan and each loan, if any, made under the Incremental Canadian Term Commitments, referred to individually as a “Canadian Term Loan” and, collectively, the “Canadian Term Loans”), in Canadian Dollars, on the Closing Date, in an aggregate amount equal to such Canadian Term Lender’s Canadian Term CommitmentCommitment (as defined in the Existing Credit Agreement). The principal amount of the Existing Canadian Term Loans made under the Existing Credit Agreement that remain outstanding as of the Closing Date shall constitute Canadian Term Loans hereunder. On and after the Closing Date, all Existing Canadian Term Loans made under the Existing Credit Agreement shall be deemed to be Canadian Term Loans made under this Agreement and shall be subject to all the terms and conditions hereof. In addition, in the event of the establishment of one or more Incremental Canadian Term Commitments as provided in Section 2.18, each Incremental Canadian Term Lender hereby severally agrees, on the terms and subject to the conditions of this Agreement, to make a single Canadian Term Loan to the Borrower on the effective date of the establishment of each such Incremental Canadian Term Commitment, in a principal amount equal to such Incremental Canadian Term Lender’s (i) increase to its Canadian Term Commitment or (ii) Canadian Term Commitment, as applicable. Each Canadian Term Borrowing shall consist of Canadian Term Loans made simultaneously by the Canadian Term Lenders. After giving effect to each Canadian Term Loan the Outstanding Amount of all Canadian Term Loans shall not exceed the Canadian Term Facility as then in effect. Canadian Term Borrowings prepaid or repaid, in whole or in part, may not be reborrowed. Canadian Term Loans must consist of Eurocurrency Rate Loans. Any Canadian Term Borrowing made on the Closing Date shall be subject to the receipt by Administrative Agent of a Funding Indemnity Letter from the Borrower not less than three (3) Business Days prior to the date of such Canadian Term Borrowing.