Examples of Canadian Pro Rata Share in a sentence
Any reduction of the Aggregate Commitments or Aggregate Canadian Commitments shall be applied to the Commitment of each Lender or the Canadian Commitment of each Canadian Lender, as the case may be, according to its Pro Rata Share or its Canadian Pro Rata Share, as the case may be.
The Applicable Agent will promptly notify each Lender or Canadian Lender, as appropriate, of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share or Canadian Pro Rata Share, as appropriate, of such prepayment.
The Applicable Agent will promptly distribute to each Lender its Pro Rata Share and to each Canadian Lender its Canadian Pro Rata Share (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.
Upon receipt of a Notice of Canadian Borrowing requesting purchase or acceptance of Canadian Bankers’ Acceptances, and subject to the provisions of this Agreement, each Canadian Bank shall accept, in accordance with its Canadian Pro Rata Share of the requested Canadian Borrowing from time to time such Canadian Bankers’ Acceptances as the Canadian Borrower shall request.
Each Canadian Bank severally agrees, on the terms and conditions hereinafter set forth, to make one or more Canadian Advances as part of a Canadian Borrowing to the Canadian Borrower from time to time on any Canadian Business Day during the period from the date hereof until the Termination Date in an aggregate amount not to exceed at any time outstanding (a) such Canadian Bank’s Canadian Commitment minus (b) such Canadian Bank’s Canadian Pro Rata Share of outstanding Canadian L/C Obligations.