Establishment of Credit Facilities. Subject to the terms and conditions hereof, the Lenders hereby establish in favour of the Borrower:
Establishment of Credit Facilities. Subject to the terms and conditions hereof:
Establishment of Credit Facilities. Subject to the terms and conditions of this Agreement, the Lenders under Facility A (in respect of Facility A), the Lenders under Facility B (in respect of Facility B), the Lenders under Facility C (in respect of Facility C), the Lenders under Facility D (in respect of Facility D) and the Lenders under Facility E (in respect of Facility E), as applicable, hereby establish the following:
Establishment of Credit Facilities. (a) The Lenders hereby establish the revolving line of credit and the last out revolving credit facility (collectively, the “Credit Facilities”) in the Borrowers’ favor pursuant to which each Lender, subject to, and in accordance with, this Agreement, acting through the Administrative Agent, shall make loans and advances and otherwise provide financial accommodations to and for the account of the Borrowers as provided herein.
Establishment of Credit Facilities. 2.1.1 Subject to the terms and conditions set forth herein, the Lender hereby establishes in favour of the Borrowers, the following credit facilities:
Establishment of Credit Facilities. (a) Subject to the terms and conditions hereof, the Canadian Lenders hereby establish in favour the Canadian Borrowers a non-revolving term credit facility in the amount of the Term Facility Available Amount. Subject to the provisions hereof, the Canadian Borrowers may request one single extension of credit under the Term Facility by delivering a Drawdown Notice to the Agent pursuant to Section 4.1. The Canadian Borrowers may not repay and then reborrow extensions of credit under the Term Facility. Any of the Term Facility Available Amount which is not drawn down by the Canadian Borrowers on the date on which the Canadian Borrowers first have credit extended to them under this agreement shall be cancelled.
Establishment of Credit Facilities. Section 2.1(c) of the Credit Agreement is hereby amended by deleting the reference therein to "February 28, 2006" and replacing it with "June 30, 2006" and by deleting the reference therein to "U.S.$17,500,000" and replacing it with "U.S.$57,500,000".
Establishment of Credit Facilities. Subject to the terms and conditions of this Agreement, the Lenders hereby establish in favour of the Borrower a term revolving credit facility (the “Credit Facilities”) in the amount of the Total Commitment to be made available by each Lender up to the amount of its Commitment by way of Prime Loans or Bankers’ Acceptances. Subject to the terms and conditions of this Agreement, the Borrower may increase or reduce the amount of Advances outstanding at any time by borrowing, repaying and reborrowing Prime Loans or causing the acceptance, and funding the repayment at maturity, of Bankers’ Acceptances from time to time, provided that at no time may the aggregate outstanding Advances exceed the Borrowing Base. The Credit Facilities include a swing line sub-facility whereby Swing Line Loans will be made available by the Swing Line Lender up to the amount of the Swing Line Commitment as a sub-limit of its Commitment, subject to the terms and conditions of this Agreement.
Establishment of Credit Facilities. Section 2.1(c) of the Credit Agreement is hereby amended by deleting the reference therein to "U.S. $10,000,000" and replacing it with "U.S.$17,500,000".
Establishment of Credit Facilities. Section 3.1 of the Credit Agreement is hereby amended as follows:
