Commitments and Facility Limits. (1) The Accommodations Outstanding (i) to all Facility A Lenders under Facility A shall not at any time exceed the Facility A Commitment; and (ii) to each Facility A Lender under Facility A shall not at any time exceed such Lender’s Facility A Commitment (provided, for greater certainty, that the Swingline Lender’s Facility A Commitment shall not be reduced by more than its rateable portion of Swingline Advances made or to be made by it in its capacity as Swingline Lender, and the Issuing Lender’s Facility A Commitment shall not be reduced by more than its rateable portion of the Accommodations Outstanding by Letter of Credit made or to be made by it in its capacity as Issuing Lender). The principal amount of all Swingline Advances outstanding to the Swingline Lender shall not, at any time, exceed the Swingline Commitment, which shall itself not exceed Cdn.$5,000,000. The aggregate Face Amount of Letters of Credit outstanding shall not at any time exceed Cdn.$2,000,000. The Accommodations Outstanding (a) to all Term Facility B Lenders under Term Facility B and to all Term Facility C Lenders under Term Facility C shall not at any time exceed the Term Facility B Credit Commitment and the Term Facility C Credit Commitment, respectively; and (b) to each Term Lender under Term Facility B and Term Facility C shall not at any time exceed such Lender’s Term Facility B Credit Commitment or Term Facility C Credit Commitment, respectively.”
Appears in 1 contract
Sources: Credit Agreement (Sun Media Corp)
Commitments and Facility Limits. (1) The Accommodations Outstanding (i) to all Facility A Lenders under Facility A shall not at any time exceed the Facility A Commitment; and (ii) to each Facility A Lender under Facility A shall not at any time exceed such Lender’s 's Facility A Commitment (provided, for greater certainty, that the Swingline Lender’s 's Facility A Commitment shall not be reduced by more than its rateable portion of Swingline Advances made or to be made by it in its capacity as Swingline Lender, and the Issuing Lender’s 's Facility A Commitment shall not be reduced by more than its rateable portion of the Accommodations Outstanding by Letter of Credit made or to be made by it in its capacity as Issuing Lender). The principal amount of all Swingline Advances outstanding to the Swingline Lender shall not, at any time, exceed the Swingline Commitment, which shall itself not exceed Cdn.$5,000,000. The aggregate Face Amount of Letters of Credit outstanding shall not at any time exceed Cdn.$2,000,000. The Accommodations Outstanding (a) to all Term Facility B Lenders under Term Facility B and to all Term Facility C Lenders under Term Facility C shall not at any time exceed the Term Facility B Credit Commitment and the Term Facility C Credit Commitment, respectively; and (b) to each Term Lender under Term Facility B and Term Facility C shall not at any time exceed such Lender’s 's Term Facility B Credit Commitment or Term Facility C Credit Commitment, respectively.”
Appears in 1 contract
Sources: Credit Agreement (Sun Media Corp)