Canadian Revolving Loans. Subject to the terms and conditions hereof, each Canadian Lender severally agrees, on the terms and conditions hereinafter set forth, to make revolving credit loans ("Canadian Revolving Loans") to the Canadian Borrower, in Canadian Dollars or in U.S. Dollars, from time to time during the Commitment Period in an aggregate principal Dollar Amount at any one time outstanding not to exceed the amount of such Lender's Commitment Percentage of ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "Canadian Revolving Committed Amount"); provided that with regard to each individual Canadian Lender the Dollar Amount of such Canadian Lender's pro rata share of Canadian Revolving Loans outstanding plus the Face Amount of Bankers' Acceptances outstanding shall not exceed such Canadian Lender's Commitment Percentage of the Canadian Revolving Committed Amount. During the Commitment Period the Canadian Borrower may use the Canadian Revolving Committed Amount by borrowing, prepaying the Canadian Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof; provided that in no event shall the aggregate Dollar Amount with respect to principal of all Canadian Revolving Loans plus the Face Amount of all Bankers' Acceptances at any one time outstanding exceed the Canadian Revolving Committed Amount.
Canadian Revolving Loans. Subject to the terms and conditions set forth herein, each Canadian Revolving Lender severally agrees to make revolving loans (each such loan, a “Canadian Revolving Loan”) to the Canadian Borrower and GGC in Canadian Dollars or in U.S. Dollars from time to time, on any Business Day during the Canadian Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Canadian Revolving Lender’s Canadian Revolving Commitment; provided, however, that after giving effect to any Canadian Revolving Borrowing, (i) the Total Canadian Revolving Outstandings shall not exceed the Aggregate Canadian Revolving Commitments and (ii) the aggregate Outstanding Amount of Canadian Revolving Loans of any Canadian Revolving Lender, plus such Canadian Revolving Lender’s Applicable Percentage of the Outstanding Amount of all Canadian L/C Obligations shall not exceed such Canadian Revolving Lender’s Canadian Revolving Commitment. Within the limits of each Canadian Revolving Lender’s Canadian Revolving Commitment, and subject to the other terms and conditions hereof, GGC and the Canadian Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Canadian Revolving Loans may be Base Rate Loans, Eurodollar Rate Loans or Bankers’ Acceptance Advances, as further provided herein; provided, however, all Borrowings of Canadian Revolving Loans made on the Closing Date shall be made as Base Rate Loans. Notwithstanding any provision herein to the contrary, all Bankers’ Acceptance Advances shall be denominated in Canadian Dollars. The Canadian Revolving Lenders will make the Canadian Revolving Loans pursuant to this Section 2.01 in accordance with Part II of Schedule 2.01.
Canadian Revolving Loans. Promptly, but in any event no later than 2:00 P.M. New York City time on the date specified in each Notice of Borrowing, each Canadian Lender will make available its proportionate share, if any, of each Canadian Borrowing requested to be made on such date to the Revolver Agent at the Canadian Payment Office in Canadian Dollars and in immediately available funds and the Canadian Administrative Branch of the Revolver Agent promptly will make available to the appropriate Canadian Borrower by depositing to its account at the Canadian Payment Office (or such other account in Canada as such Canadian Borrower shall specify) the aggregate of the amounts so made available in the type of funds received.
Canadian Revolving Loans. The Canadian Borrower shall have the right, at its election, to repay the outstanding amount of the Canadian Revolving Loans, as a whole or in part, at any time without penalty or premium, provided that any full or partial prepayment of the outstanding amount of any Canadian Revolving Loan pursuant to this §4.3.3 made on a day other than the last day of the Interest Period relating thereto shall be subject to compliance with §6.9. The Canadian Borrower shall give the Administrative Agent, no later than 12:00 noon, New York time, at least two (2) Business Days prior written notice (in a form reasonably acceptable to the Administrative Agent) of any proposed prepayment of such Canadian Revolving Loan pursuant to this §4.3.3, specifying the proposed date of prepayment of such Canadian Revolving Loan and the principal amount to be paid. Each such partial prepayment of the Canadian Revolving Loan shall be in an integral multiple of Cdn. $500,000. Each partial prepayment shall be allocated among the Canadian Lenders in accordance with such Lender’s Commitment Percentage.
Canadian Revolving Loans. Prior to the Termination Date, each Canadian Lender, by its acceptance hereof, severally and not jointly agrees, subject to the terms and conditions hereof, to make a revolving loan or loans (each individually a “Canadian Revolving Loan” and, collectively, the “Canadian Revolving Loans”) in U.S. Dollars or Canadian Dollars to the Borrowers from time to time on a revolving basis up to the amount of such Lender’s Canadian Revolving Credit Commitment in effect at such time; provided, however, the U.S. Dollar Equivalent of the sum of the aggregate principal amount of all Canadian Revolving Loans, Canadian Swing Loans, and Canadian L/C Obligations at any time outstanding shall not exceed the sum of all Canadian Revolving Credit Commitments in effect at such time. Each Borrowing of Canadian Revolving Loans shall be made ratably by the Canadian Lenders in proportion to their respective Canadian Revolver Percentages. As provided in Section 2.4(a), and subject to the terms hereof, the Borrowers may elect that each Borrowing of Canadian Revolving Loans be either (i) denominated in U.S. Dollars in the form of Base Rate Loans or Eurodollar Loans or (ii) denominated in Canadian Dollars in the form of Canadian Prime Rate Loans or Canadian CDOR Loans. Canadian Revolving Loans may be repaid and reborrowed before the Termination Date, subject to the terms and conditions hereof. As provided in Section 8.6, each Lender shall be entitled to fund and maintain its funding of all or any part of its Canadian Revolving Loans in any manner it sees fit, including funding from an Affiliate or a branch of the Lender located outside of the United States of America.
Canadian Revolving Loans. Subject to and upon the terms and conditions set forth herein, each Canadian Revolving Lender severally agrees, at any time and from time to time on and after the Effective Date and prior to the Revolving Loan Maturity Date, to make a revolving loan or revolving loans (each a “Canadian Revolving Loan” and, collectively, the “Canadian Revolving Loans”) to each Canadian Revolving Borrower, which Canadian Revolving Loans:
Canadian Revolving Loans. On any day on which the Aggregate Canadian RL Exposure exceeds the Total Canadian Revolving Loan Commitment as then in effect, the Canadian Revolving Borrowers shall prepay on such day the principal of outstanding Canadian Revolving Loans in an amount equal to such excess.
Canadian Revolving Loans. The Canadian Borrower may borrow under the Canadian Revolving Committed Amount during the Commitment Period on any Business Day, provided that the Canadian Borrower shall give the Canadian Administrative Agent irrevocable notice (which notice must be received by the Canadian Administrative Agent prior to 11:00 A.M., Toronto, Ontario time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Canadian Revolving Loans are to be initially Eurodollar Loans or (b) one Business Day prior to the requested Borrowing Date, otherwise), substantially in the form of Exhibit F, specifying (i) the amount to be borrowed and the requested currency, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, Base Rate Loans or a combination thereof, and the respective amounts of each such Type of Loan, and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the respective lengths of the initial Interest Periods therefor. Each borrowing under the Canadian Revolving Committed Amount shall be in an amount equal to (x) in the case of Loans denominated in U.S. Dollars, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, with respect to Base Rate Loans only, if the then available amount under the Canadian Revolving Committed Amount is less than $5,000,000, such lesser amount) and (y) in the case of Loans denominated in Canadian Dollars, a multiple of C$1,000,000 in excess of an amount of Canadian Dollars having a Dollar Amount of $5,000,000. Upon receipt of any such notice from the Canadian Borrower, the Canadian Administrative Agent shall promptly notify each Canadian Lender thereof. Each Canadian Lender will make the amount of its pro rata share of each borrowing available to the Canadian Administrative Agent for the account of the Canadian Borrower at the office of the Canadian Administrative Agent specified in subsection 9.2 prior to 11:00 A.M., Toronto, Ontario time, on the Borrowing Date and in the currency requested by the Canadian Borrower in funds immediately available to the Canadian Administrative Agent. Such borrowing will then be made available to the Canadian Borrower by the Canadian Administrative Agent crediting the account of the Canadian Borrower on the books of such office with the aggregate of the amounts made available to the Canadian Administrative Agent by the Canadian Lenders and in like funds as received by the Canadian Administrative Agent.
Canadian Revolving Loans. Subject to the terms and conditions set forth herein, each Canadian Revolving Lender agrees, severally and not jointly, to make Canadian Revolving Loans to the Canadian Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Canadian Revolving Lender’s Canadian Revolving Exposure exceeding such Canadian Revolving Lender’s Canadian Commitment at such time or (ii) the total Canadian Revolving Exposures exceeding the lesser of (x) the sum of the total Canadian Commitments and (y) the Canadian Borrowing Base (subject to the Agent’s authority, in its sole discretion, to make Canadian Protective Advances and Canadian Overadvances pursuant to the terms of Section 2.04) at such time. Within the foregoing limits and subject to the terms and conditions set forth herein, the Canadian Borrower may borrow, repay and reborrow Canadian Revolving Loans. Each Canadian Revolving Loan shall be funded and repaid in Canadian Dollars.
Canadian Revolving Loans. Upon receipt of an Advance Request requesting Canadian Revolving Loans, the Canadian Administrative Agent shall promptly inform the Canadian Lenders of the receipt thereof. Each Canadian Lender will make its pro rata share of each Canadian Revolving Loan available to the Canadian Administrative Agent by 1:00 p.m., Toronto, Ontario time, on the date specified in the Advance Request by deposit (in Canadian dollars or U.S. dollars, as appropriate, if the request was made by the Canadian Borrower and in U.S. dollars if the request was made by the U.S. Borrower) of immediately available funds at the offices of the Canadian Administrative Agent at the address provided in Section 11.1. All Canadian Revolving Loans shall be made by the Canadian Lenders pro rata on the basis of each Canadian Lender's Canadian Revolving Loan Commitment Percentage. The amount of the Canadian Revolving Loans will then be made available to the Canadian Borrower or the U.S. Borrower, as applicable, by the Canadian Administrative Agent by crediting the account of the Canadian Borrower or the U.S. Borrower, as applicable, on the books of such office of the Canadian Administrative Agent to the extent of the amount of such Canadian Revolving Loans are made available to the Canadian Administrative Agent.
