Examples of Canadian Borrowings in a sentence
If on any Calculation Date, the aggregate Canadian Credit Exposure would exceed the Total Canadian Commitment, then on the immediately succeeding Reset Date the Canadian Borrower shall repay or prepay Canadian Borrowings (or defease B/A Borrowings as described in Section 2.11(a)) and/or replace or cash collateralize outstanding Canadian Letters of Credit in an amount sufficient to eliminate such excess.
The accounts or records maintained by the Administrative Agent and each US Lender shall be conclusive absent manifest error of the amount of the Credit Extensions (other than Canadian Borrowings) made by the US Lenders to the US Borrower and the interest and payments thereon.
The Administrative Agent (or the Canadian Administrative Agent, in the case of Canadian Borrowings) shall give each Lender notice as promptly as practicable of any such proposed conversion or continuation affecting any of its Tranche A Term Loans, Tranche E Term Loans or Revolving Credit Loans.
In no event shall the portion of the outstanding Canadian Borrowings by way of Canadian Bankers’ Acceptances of a Canadian Bank exceed such Canadian Bank’s Pro Rata Share of the aggregate Canadian Borrowings by way of Canadian Bankers’ Acceptances by more than C$100,000 as a result of such exercise of discretion by the Canadian Administrative Agent.
Subject to Sections 2A.11(c) and 2A.11(d) and only if a valid appointment pursuant to Section 2A.11(b)(v) is not in place, the Canadian Borrower shall pre-sign and deliver to each Canadian Bank bankers’ acceptance drafts in sufficient quantity to meet the Canadian Borrower’s requirements for anticipated Canadian Borrowings by way of Canadian Bankers’ Acceptances.
Any reference to the Funding Accounts in this Agreement, in respect of Canadian Borrowings, shall mean the Canadian Borrower’s deposit account domiciled in Canada.
The Administrative Agent (or the Canadian Administrative Agent, in the case of Canadian Borrowings) shall give each Lender notice as promptly as practicable of any such proposed conversion or continuation affecting any of its Term Loans or Revolving Credit Loans.
Each Borrower will not, nor will it permit any Subsidiary to, use any of the proceeds of the U.S. Borrowings, Canadian Borrowings and Norwegian Borrowings to purchase or carry any "margin stock" (as defined in Regulation U) that would cause any Lender to be in violation of Regulation U or any Borrower to be in violation of Regulation X of the Board of Governors of the Federal Reserve System.
Notwithstanding anything contained herein, Northstar Energy shall not have any liability to pay any assessments, fees or costs, or otherwise provide financial assistance, relating to Canadian Borrowings made to Devon Canada or any other obligations of Devon Canada or relating to US Borrowings made to the US Borrower or any other Obligations of US Borrower.
The Chair will acknowledge the complaint in writing within seven days, explaining the next stage of the process.