Canadian Credit Agreement Sample Clauses

Canadian Credit Agreement. All Revolving Credit Advances shall be disbursed in the currency in which such Loan is to be made from whichever office or other place Agent or the Alternate Currency Bank may designate from time to time by notice to Borrower and, together with any and all other Obligations of Borrower to Lenders, shall be charged to Borrower's Account on Agent's books. Promptly upon receipt of notice from Borrower of its request for an Alternate Currency Loan or to continue an Alternate Currency Loan, Agent shall determine whether the requested Alternate Currency will be readily available to the Alternate Currency Bank in the interbank eurocurrency market in the normal course of business in the amount and for the Interest Period requested. Agent shall notify Borrower two (2) Business Days prior to the effective date of the requested Alternate Currency Loan of the determination made as to the availability of the requested Alternate Currency and the related Alternate Currency Base Rate or Alternate Currency LIBO Rate. If Agent notifies Borrower that such requested Alternate Currency is available, the obligation to make or continue any Alternate Currency Loan shall nevertheless be subject to the condition that there shall have occurred no change in circumstances in the interbank eurocurrency market after such notification and prior to the first day of the relevant Interest Period, which change of circumstance would, in the reasonable opinion of Agent or the Alternate Currency Bank, make it impractical for the requested Alternate Currency Loan to be made or continued in such Alternate Currency. If Agent or the Alternate Currency Bank so determines that such a circumstance has occurred in the interbank eurocurrency market or if Agent or the Alternate Currency Bank determines that the requested Alternate Currency is not readily available to it, Agent shall promptly notify Borrower thereof and such Alternate Currency Loan shall not be made, and any such continuation shall not be effected in such Alternate Currency; and any Alternate Currency Loan outstanding in such Alternate Currency that Borrower shall have so requested to be continued in such Alternate Currency shall be repaid at the end of the then current Interest Period, in the case of an Alternate Currency LIBO Rate Loan, or within two (2) Business Days, in the case of an Alternate Currency Base Rate Loan. Borrower may not request that any Alternate Currency Loan originally made in one Alternate Currency be subsequently c...
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Canadian Credit Agreement. Coppley and Royal Acquisition shall have executed and delivered the Canadian Credit Agreement and the Canadian Credit Agreement shall be in full force and effect and the Existing Coppley Credit Facility shall have been repaid in full and terminated in accordance with the Canadian Credit Agreement and Managing Agent shall have received an Officer's Certificate from Borrower, dated as of the Restatement Effective Date, to such effect.
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Canadian Credit Agreement. The conditions precedent to the effectiveness of the obligations to extend the initial advances under the Canadian Credit Agreement shall have been satisfied or waived.
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Canadian Credit Agreement. 4. Promissory Notes issued by Ocean Canada under the Canadian Credit Agreement. 5. Ocean Canada Guaranty Agreement executed by OEI-Louisiana. 6. Ocean Canada Guaranty Agreement executed by the Company. 7. Fee Letter. 8. Intercreditor Agreement. EXHIBIT G [FORM OF] ASSIGNMENT AND ACCEPTANCE ------------------------- Dated: __________, 199__/200_ Reference is made to that certain Amended and Restated Global Credit Agreement dated as of July 8, 1998 among Ocean Energy, Inc., a Delaware corporation (the "Company"), Chase Bank of Texas, National Association, as Administrative Agent, Xxxxxx Guaranty Trust Company of New York, as Syndication Agent, Barclays Bank PLC, as Documentation Agent, and ABN Amro Bank, N.V., Bank of America National Trust & Savings Association, Paribas, NationsBank, N.A., Societe Generale, Southwest Agency and Xxxxx Fargo Bank (Texas), N.A., as Co- Agents, and the lenders parties thereto (such Credit Agreement together with all amendments and supplements thereto being the "Credit Agreement"). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement. This Assignment and Acceptance, between the Assignor (as defined and set forth on Schedule I hereto and made a part hereof) and the Assignee (as defined and set forth on Schedule I hereto and made a part hereof) is dated as of the Effective Date (as set forth on Schedule I hereto and made a part hereof).
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Canadian Credit Agreement. Without the express prior written consent of the Required Lenders, the Borrower will not permit any amendment or modification of the Canadian Credit Agreement which would increase the maximum commitments thereunder or which could reasonably be expected to otherwise adversely impact the Lenders.
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Related to Canadian Credit Agreement

  • Revolving Credit Agreement The Agent shall have received this Agreement duly executed and delivered by each of the Banks and the Company and each of the Banks shall have received a fully executed Committed Note and a fully executed Bid Note, if such Notes are requested by any Bank pursuant to Section 12.9.

  • of Credit Agreement Section 1.1(b)(i) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

  • to Credit Agreement COLLATERAL REPORTS Borrower shall deliver or cause to be delivered the following:

  • Amendment of Credit Agreement The Credit Agreement is hereby amended as follows:

  • Revolving Credit and Swing Loan Facilities 2.1 Revolving Credit Commitments.

  • Disbursement of Revolving Credit and Swingline Loans Not later than 2:00 p.m. on the proposed borrowing date, (i) each Revolving Credit Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date and (ii) the Swingline Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, the Swingline Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in the most recent notice substantially in the form attached as Exhibit C (a “Notice of Account Designation”) delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Revolving Credit Loan requested pursuant to this Section to the extent that any Revolving Credit Lender has not made available to the Administrative Agent its Revolving Credit Commitment Percentage of such Loan. Revolving Credit Loans to be made for the purpose of refunding Swingline Loans shall be made by the Revolving Credit Lenders as provided in Section 2.2(b).

  • Existing Credit Agreement The Administrative Agent shall have received satisfactory evidence that the Existing Credit Agreement shall have been terminated and all amounts thereunder (other than contingent indemnification obligations for which no claim has been made) shall have been paid in full and (ii) satisfactory arrangements shall have been made for the termination of all Liens granted in connection therewith.

  • Original Credit Agreement Until the occurrence of the earlier of the Effective Date as provided in Section 4 hereof or the Commitment Termination Date (as defined in the Original Credit Agreement), the Original Credit Agreement shall continue in full force and effect in accordance with the provisions thereof and the rights and obligations of the parties thereto shall not be affected hereby, and all fees and interest accruing under the Original Credit Agreement shall continue to accrue at the rates provided for therein.

  • Revolving Credit Facility (i) Subject to the terms and conditions hereof, each Lender severally agrees to make available to Borrowers from time to time until the Commitment Termination Date its Pro Rata Share of advances (each, a “Revolving Credit Advance”). The Pro Rata Share of the Loans of any Lender shall not at any time exceed its separate Commitment. The obligations of each Lender hereunder shall be several and not joint. Until the Commitment Termination Date, Borrowers may borrow, repay and reborrow under this Section 2.1(a); provided, that (x) the amount of any Revolving Credit Advances to be made at any time shall not exceed Availability at such time, (y) the amount of any Revolving Credit Advances to be made to the U.S. Borrowers at any time shall not exceed the U.S. Availability at such time and (z) the amount of any Revolving Credit Advances to be made to the Canadian Borrowers at any time shall not exceed the Canadian Availability at such time. Each Revolving Credit Advance shall be made on notice by Borrower Representative to one of the representatives of Agent identified in Schedule (2.1) at the address specified therein. Any such notice must be given no later than (1) 12 noon (New York, New York time) on the date of the proposed Revolving Credit Advance, in the case of a Base Rate Loan, or (2) 12 noon (New York, New York time) on the date which is three (3) Business Days’ prior to the proposed Revolving Credit Advance, in the case of a LIBOR Loan. Each such notice (a “Notice of Revolving Credit Advance”) may be given verbally by telephone but must be immediately confirmed in writing (by fax, electronic mail or overnight courier) substantially in the form of Exhibit 2.1(a)(i), and shall include the information required in such Exhibit. If any Borrower desires to have the Revolving Credit Advances bear interest by reference to a LIBOR Rate, with respect to LIBOR Loans denominated in Dollars, and BA Rate, with respect to LIBOR Loans denominated in Canadian Dollars, Borrower Representative must comply with Section 2.5(e). All Revolving Credit Advances (x) made to a U.S. Borrower shall be denominated in Dollars and (y) made to a Canadian Borrower shall be denominated in Dollars or Canadian Dollars but shall be deemed to have been made (in the case of Canadian Dollar Revolving Credit Advances) in the Dollar Equivalent of such Revolving Credit Advance.

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