Common use of U.S. Tranche Revolving Loans Clause in Contracts

U.S. Tranche Revolving Loans. Subject to the terms and conditions set forth herein, each U.S. Tranche Revolving Lender severally agrees to make loans (each such loan, a “U.S. Tranche Revolving Loan”) in Dollars from time to time on any Business Day during the Availability Period with respect to the U.S. Tranche Revolving Commitments, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s U.S. Tranche Revolving Commitment; provided, however, that after giving effect to any U.S. Tranche Revolving Borrowing, (i) the U.S. Tranche Revolving Exposure of any U.S. Tranche Revolving Lender shall not exceed such U.S. Tranche Revolving Lender’s U.S. Tranche Revolving Commitment, (ii) the aggregate U.S. Tranche Revolving Exposures shall not exceed the total U.S. Tranche Revolving Commitments and (iii) the Total Revolving Outstandings shall not exceed the Revolving Facility. Within the limits of each U.S. Tranche Revolving Lender’s U.S. Tranche Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow U.S. Tranche Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.01(b)(i). U.S. Tranche Revolving Loans may consist of Base Rate Loans or Eurocurrency Rate Loans, or a combination thereof, as further provided herein. Notwithstanding the preceding sentence, any U.S. Tranche Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a Funding Indemnity Letter to the Administrative Agent not less than three (3) Business Days prior to the date of such U.S. Tranche Revolving Borrowing. U.S. Tranche Revolving Loans may be repaid and reborrowed in accordance with the provisions hereof.

U.S. Tranche Revolving Loans. Subject to the terms and conditions set forth herein, each U.S. Tranche Revolving Lender severally agrees to make loans (each such loan, a “U.S. Tranche Revolving Loan”) in Dollars from time to time on any Business Day during the Availability Period with respect to the U.S. Tranche Revolving Commitments, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s U.S. Tranche Revolving Commitment; provided, however, that after giving effect to any U.S. Tranche Revolving Borrowing, (i) the U.S. Tranche Revolving Exposure of any U.S. Tranche Revolving Lender shall not exceed such U.S. Tranche Revolving Lender’s U.S. Tranche Revolving Commitment, (ii) the aggregate U.S. Tranche Revolving Exposures shall not exceed the total U.S. Tranche Revolving Commitments and (iii) the Total Revolving Outstandings shall not exceed the Revolving Facility. Within the limits of each U.S. Tranche Revolving Lender’s U.S. Tranche Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow U.S. Tranche Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.01(b)(i). U.S. Tranche Revolving Loans may consist of Base Rate Loans or Eurocurrency Eurodollar Rate Loans, or a combination thereof, as further provided herein. Notwithstanding the preceding sentence, any U.S. Tranche Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a Funding Indemnity Letter to the Administrative Agent not less than three (3) Business Days prior to the date of such U.S. Tranche Revolving Borrowing. U.S. Tranche Revolving Loans may be repaid and reborrowed in accordance with the provisions hereof.