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 2.3
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. Subject to the terms and conditions of this Agreement, the Lenders hereby establish, severally (not jointly and not jointly and severally), a credit facility for the use of the Borrower in the aggregate amount of up to $2,000,000,000 or the equivalent thereof in US Dollars. Each Lender’s obligation is 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 $100,000,000 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 $100,000,000 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 issued by TD as Issuing Bank and $100,000,000 issued by BNS as Issuing Bank, or the equivalent amount in US Dollars.
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) FROL Advances from the Lender; (iv) BA Advances from the Lender and/or (v) LIBOR Advances from the Lender."
Amount and Availment Options. Upon and subject to the terms and conditions of this Agreement, the Lenders agree to make the Facility available to the Borrower to obtain Advances, on a revolving basis, from the Lenders in an aggregate principal amount up to the Total Commitment; provided that the obligation of each Lender to make Advances under the Facility shall be several and shall not exceed its Proportionate Share of the Facility made available by the Lenders other than the Working Capital Lender (the "Syndicated Facility") and the Working Capital Facility, respectively. At the option of the Borrower, the Syndicated Facility may be used by the Borrower requesting Advances of Available Credits, except for Letter of Credit Advances.
Amount and Availment Options. 2.1.1 Upon and subject to the terms and conditions of this Agreement, the Credit A Lenders agree to provide a credit for the use of CHC in the amount of up to US $40,000,000 or the equivalent thereof in other relevant Approved Currencies, which is referred to collectively as Credit A and is comprised of a tranche of US $33,000,000 referred to as Credit A1 and a tranche of US $7,000,000 referred to as Credit A2. Subject to Section 8.1, Advances under Credit A1 will be made by the Credit A Lenders and Advances under Credit A2 will be made by BNS.
Amount and Availment Options. 3.1.1 Upon and subject to the terms and conditions of this Agreement, the Credit B Lenders agree to provide a credit for the use of the European Borrowers and CHC in the amount of up to (pound)6,788,866 or the equivalent thereof in other relevant Approved Currencies which is referred to collectively as Credit B and is comprised of a tranche of (pound)4,788,866 referred to as Credit B1 and a tranche of (pound)2,000,000 referred to as Credit B2. Subject to Section 8.1, Advances under Credit B1 will be made by the Credit B Lenders and Advances under Credit B2 will be made by BoS.
