Examples of Canadian Dollar Advances in a sentence
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Canadian Dollar Advances shall be made and repaid in Canadian Dollars.
If such notice is given by the Borrower's Designee, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein, together with (other than interest in the case of U.S. Dollar Loans or Canadian Dollar Advances, which interest shall be payable in full on the last day of the then current calendar quarter) accrued interest to each such date on the amount prepaid and any amounts required pursuant to Section 4.4.
Such notice of prepayment shall specify the date and amount of such prepayment and whether such prepayment is of Canadian Dollar Advances, U.S. Dollar Loans, LIBOR Loans or any combination thereof.
The Borrower's Designee shall deliver a notice of prepayment in accordance with Section 11.2 to be received by the Agent (i) not later than 12:00 p.m. (Toronto time) at least three Business Days in advance of the prepayment date if the Loans to be prepaid are LIBOR Loans and (ii) no later than 11:00 a.m. (Toronto time) on the prepayment date if the Loans to be repaid are U.S. Dollar Loans or Canadian Dollar Advances.
The aggregate of (i) outstanding Canadian Dollar Advances under the Canadian Revolving Facility, (ii) the Equivalent Amount in Canadian Dollars of all outstanding US Dollar Advances under the Canadian Revolving Facility, and (iii) the Equivalent Amount in Canadian Dollars of all outstanding Advances under the US Revolving Facility will not (except as contemplated in Section 6.04), exceed the Borrowing Base.
Circumstances Requiring Canadian Dollar Advances 50 Section 3.05.
At any time following the occurrence of an Event of Default and the acceleration of the Obligations, each Lender shall be entitled to convert, with two Business Days’ prior notice to the Borrower, its unpaid and outstanding Canadian Dollar Advances under the Credit Facilities, or either of them, to Base Rate Advances.