Common use of Facility Availability Clause in Contracts

Facility Availability. (a) The Facility will revolve and, accordingly, Borrowings may be obtained, repaid and re-obtained by the Borrower until the Maturity Date. (b) Borrowings may be obtained in the form of: (i) US Base Rate Loans; (ii) Libor Loans; and (iii) Letters of Credit, provided that the total amount of Borrowings made in the form of Letters of Credit shall not, at any time, exceed US$ [Amount redacted – sensitive commercial information].

Facility Availability. (a) The Facility will revolve and, accordingly, Borrowings may be obtained, repaid and re-obtained by the Borrower until the Maturity Date. (b) . Borrowings may be obtained in the form of: (ia) Prime Rate Loans; (b) US Base Rate Loans; (iic) Acceptances; (d) Libor Loans; and (iii) Letters of Credit, provided that the total amount of Borrowings made in the form of Letters of Credit shall not, at any time, exceed US$ [Amount redacted – sensitive commercial information].