Amount and Availment Options. (a) Subject to the terms and conditions of this Agreement, the Lenders shall provide, severally (not jointly and not jointly and severally), a credit (the "Credit") for the use of the Borrower in the aggregate amount of up to the Maximum Available Amount or the Equivalent Amount in Canadian Dollars. Each Lender's obligation shall be limited to its respective Applicable Percentage of the Credit.
Amount and Availment Options. (a) Subject to the terms and conditions of this Agreement, the Lenders shall provide, severally (not jointly and not jointly and severally), a credit (the "Credit") for the use of the Borrower in the aggregate amount of up to the Maximum Available Amount. Each Lender's obligation shall be limited to its respective Applicable Percentage of the Credit.
Amount and Availment Options. (1) Upon and subject to the terms and conditions of this Agreement, the Lenders severally agree to provide to the Borrower a non-revolving term credit facility (the “Credit”) for the use of the Borrower in the amount of up to Cdn. $410,000,000 (provided that each Lender’s obligation hereunder shall be limited to its respective Applicable Percentage of the Credit).
Amount and Availment Options. 27 2.2 Revolving Credit............................................27
Amount and Availment Options. 2.1.1 Upon and subject to the terms and conditions of this Agreement, the Lenders agree to provide credits for the use of the Borrower in the amount of up to Cdn. $350,000,000 or the US Dollar equivalent thereof, which are referred to collectively as the Credits and are comprised of a tranche of up to Cdn.$297,500,000 referred to as Credit 1 and a tranche of up to Cdn. $52,500,000 referred to as Credit 2. Subject to Section 5.1, Advances under Credit 1 will be made by the Lenders and Advances under Credit 2 will be made by RBC. The Borrower may from time to time with the agreement of the Agent (without any requirement to seek Majority Lender consent) and the proposed replacement, designate another Lender to replace RBC in making Advances under Credit 2. In that case, references in this Agreement to RBC in respect of Credit 2 shall be interpreted as referring to the replacement.
Amount and Availment Options. Upon and subject to the terms and conditions of this Agreement, Lender agrees to provide a committed, non-revolving, reducing term credit ("Credit B") for the use of the Borrowers in the amount of the Credit B Facility Limit. At the option of a Borrower, Credit B may be used by such Borrower by requesting: (i) Prime Rate Advances from the Lender; (ii) US Base Rate Advances from the Lender; (iii) BA Advances from the Lender and/or (iv) LIBOR Advances from the Lender.
Amount and Availment Options. Subject to the terms and conditions of this Agreement, the Lenders shall provide, severally (not jointly and not jointly and severally), a credit for the use of the Borrower in the aggregate amount of up to $2,400,000,000 or the equivalent thereof in US Dollars. Each Lender's obligation shall be limited to its respective Applicable Percentage of the Credit. TD's Commitment includes a tranche, which is referred to as the "TD Tranche," of up to $75,000,000 or such lesser amount as the Borrower may from time to time designate in writing to the Agent and TD. BNS's Commitment includes a tranche, which is referred to as the "BNS Tranche," of up to $25,000,000 or such lesser amount as the Borrower may from time to time designate in writing to the Agent and BNS. Except as otherwise specified in this Agreement, all terms of the Credit shall apply to the TD Tranche and the BNS Tranche. Outstanding Advances under the TD Tranche and the BNS Tranche shall reduce the amount of Advances otherwise available from TD and BNS, respectively, under the Credit. The maximum amount available under the TD Tranche and the BNS Tranche shall be reduced whenever necessary, and the Borrower shall repay Advances under the TD Tranche and the BNS Tranche whenever necessary, to ensure that the aggregate of Advances from TD and BNS under the Credit (including the TD Tranche and the BNS Tranche, respectively) do not exceed their respective Commitments (disregarding the TD Tranche and the BNS Tranche, respectively). At the option of the Borrower, the Credit (including the TD Tranche and the BNS Tranche) may be used by requesting that Prime Rate Advances, Base Rate Advances or LIBOR Advances be made, by presenting orders for acceptance as Bankers' Acceptances or by requesting that L/Cs be issued by the applicable Issuing Bank. In addition, at the option of the Borrower, the TD Tranche and the BNS Tranche may be used by the Borrower incurring overdrafts in its Canadian Dollar and US Dollar accounts with TD and BNS, respectively, which shall be deemed to be Prime Rate Advances (in the case of Canadian Dollar accounts) and Base Rate Advances (in the case of US Dollar accounts). The face amount of L/Cs outstanding at any time, other than under the TD Tranche and the BNS Tranche, shall not exceed $100,000,000 or the equivalent amount in US Dollars.
Amount and Availment Options. Upon and subject to the terms and conditions of this Agreement, the Lender agrees to provide a committed, revolving, reducing term credit ("Credit C") for the use of the Borrowers in the amount of the Credit C Facility Limit. At the option of a Borrower, Credit C may be used by such Borrower by requesting: (i) Prime Rate Advances from the Lender; (ii) FROL Advances from the Lender; and/or (iii) BA Advances from the Lender."
Amount and Availment Options. Upon and subject to the terms and conditions of this Agreement, the Lender agrees to provide a revolving credit ("Credit A") for the use of the Borrowers in the maximum aggregate amount of the Credit A Facility Limit. At the option of a Borrower, Credit A may be used by such Borrower by requesting: (i) Prime Rate Advances from the Lender or by maintaining an overdraft in a Designated Account; and/or (ii) US Base Rate Advances from the Lender; and/or (iii) Letter of Credit Advances from the Lender. The Lender agrees to provide the Ancillary Facility to the Borrowers up to the maximum aggregate amount of $100,000 (with individual credit limits of up to $30,000), which for greater certainty shall form part of Credit A.
Amount and Availment Options. The Lender or an Affiliate of the Lender, as a Hedge Provider, may, in its sole discretion, make available to the Borrowers (or either of them), interest rate xxxxxx and currency exchange xxxxxx with a maximum Deemed Risk equal to the Credit C Facility Limit ("Credit C"). Credit C shall be used by the Borrowers for the purpose of hedging interest rate risk or currency exchange rate risk. The Borrowers may utilize Credit C by entering into Hedge Agreements with a Hedge Provider from time to time (subject to availability) upon such terms and conditions as may be offered by such Hedge Provider from time to time, but the maximum term of any Interest Rate Hedge Agreement shall in no event exceed 5 years and the maximum term of any Currency Hedge Agreement shall in no event exceed 12 months. If the maximum Deemed Risk at any time exceeds the Credit C Facility Limit, the Borrowers shall, within ten (10) Business Days, take such steps as are required to reduce the maximum Deemed Risk to an amount less than the Credit C Facility Limit. Prior to engaging in any Hedge Agreements under Credit C, each Borrower shall first execute and deliver to such Hedge Provider an ISDA Master Agreement, and such other documentation as each Hedge Provider may require, for any such transactions, the terms of which are not inconsistent with this Agreement and which provide that this Agreement is a Credit Support Document as defined therein. For greater certainty, the obligations of the Borrowers under Credit C shall be secured by the Security on a pari passu basis and shall rank pari passu with all Obligations under the other Credits.
