Examples of Canadian Swingline Commitment in a sentence
The Revolving Commitments, the US Swingline Commitment, the Canadian Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.
The Borrowers may request any US Swingline Loans or Canadian Swingline Loans from one or more of the US Swingline Lenders or Canadian Swingline Lenders, subject only to the limitation that the outstanding US Swingline Loans or Canadian Swingline Loans of any Swingline Lender shall at no time exceed its US Swingline Commitment or Canadian Swingline Commitment, as the case may be.
The original amount of the (i) Total Commitments is $155,000,000, (ii) Total A Term Loan Commitment is $20,000,000, (iii) Total B Term Loan Commitment is $35,000,000, (iv) Total Acquisition Term Loan Commitment is $30,000,000, (v) Total Revolving Loan Commitment is $70,000,000, including up to $20,000,000 of Letters of Credit, (vi) Total U.S. Swingline Commitment is $10,000,000, (vii) Total U.K. Swingline Commitment is $15,000,000 and (viii) Total Canadian Swingline Commitment is $5,000,000.
During the Commitment Period, the Canadian Borrower may use the Canadian Swingline Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof.
The Applicable Borrower or Borrowers shall have the right, without premium or penalty, to terminate the unutilized portion, in whole or in part, of the U.S. Swingline Commitment, the U.K. Swingline Commitment or the Canadian Swingline Commitment.