Common use of Swing Line Letters of Credit Clause in Contracts

Swing Line Letters of Credit. The Swing Line Lender may also, at the request of the Borrower, issue Letters of Credit as a Swing Line Loan in Canadian Dollars or U.S. Dollars (each, a "Swing Line Letter of Credit") in accordance with the terms set forth in Section 11.1.

Swing Line Letters of Credit. The Swing Line Lender may also, at the request of the Borrower, issue Letters of Credit as a Swing Line Loan in Canadian Dollars or U.S. Dollars (each, a "“Swing Line Letter of Credit") ”), provided that at no time shall the Canadian Dollar Exchange Equivalent of the Aggregate Principal Amount with respect to the face amount of outstanding Swing Line Letters of Credit, as determined at the time a Swing Line Letter of Credit is issued, exceed Cdn. $10,000,000, in accordance with the terms set forth in Section 11.1.aggregate. Swing Line Letters of Credit shall:

Swing Line Letters of Credit. The Swing Line Lender may also, at the request of the Borrower, issue Letters of Credit as a Swing Line Loan in Canadian Dollars or U.S. Dollars (each, a "Swing Line Letter of Credit") in accordance with the terms set forth in Section 11.1. The Parties acknowledge that the Outstanding LCs will for all purposes hereof be deemed to be Swing Line Letters of Credit, will reduce the availability under the Swing Line Loan Limit by the undrawn amount thereof and will be subject to the terms of this Agreement.

Swing Line Letters of Credit. The Swing Line Lender may also, at the request of the Borrower, issue Letters of Credit as a Swing Line Loan in Canadian Dollars or U.S. Dollars (each, a "“Swing Line Letter of Credit"”) in accordance with the terms set forth in Section 11.1.

Swing Line Letters of Credit. The Swing Line Lender may also, at the request of the Borrower, issue Letters of Credit as a Swing Line Loan in Canadian Dollars or U.S. Dollars (each, a "“Swing Line Letter of Credit"”) in accordance with the terms set forth in Section 11.111.1 The Parties acknowledge that the Outstanding Penn West LCs will for all purposes hereof be deemed to be Swing Line Letters of Credit, will reduce the availability under the Swing Line Loan Limit by the undrawn amount thereof and will be subject to the terms of this Agreement.