Availment Options. (a) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 and 5.03) each Canadian Borrower may receive Advances under Facility C by any one or more of the following Availment Options (or any combination thereof): (i) Canadian Prime Rate Loans; (ii) U.S. Base Rate Loans; (iii) Bankers' Acceptances, each having a maturity between 28 and 182 days (inclusive), subject to availability; (iv) BA Equivalent Loans from Non-BA Lenders with a maturity between 28 and 182 days (inclusive), subject to availability; or (v) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability. (b) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 and 5.03) each U.S. Borrower may receive Advances under Facility C by any one or more of the following Availment Options (or any combination thereof): (i) U.S. Prime Rate Loans; or (ii) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability. (c) Bankers' Acceptances, BA Equivalent Loans and LIBOR Loans will not be issued which in the opinion of the Lenders could result in the Facility C Limit being exceeded at any time. The Outstanding Advances under Facility C in the form of any above Availment Option may be converted into another form of Availment Option, subject to and in accordance with the terms and conditions of this Agreement (but for greater certainty, Bankers' Acceptances, BA Equivalent Loans and LIBOR Loans may not be converted into another Availment Option prior to the maturity thereof).
Appears in 1 contract
Sources: Credit Agreement (Tucows Inc /Pa/)
Availment Options. (a) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 and 5.03) each Canadian Borrower may receive Advances under Facility C B by any one or more of the following Availment Options (or any combination thereof):
(i) Canadian Prime Rate Loans;
(ii) U.S. Base Rate Loans;
(iii) Bankers' Acceptances, each having a maturity between 28 and 182 days (inclusive), subject to availability;
(iv) BA Equivalent Loans from Non-BA Lenders with a maturity between 28 and 182 days (inclusive), subject to availability; or
(v) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability.
(b) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 and 5.03) each U.S. Borrower may receive Advances under Facility C B by any one or more of the following Availment Options (or any combination thereof):
(i) U.S. Prime Rate Loans; or
(ii) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability.
(c) Bankers' Acceptances, BA Equivalent Loans and LIBOR Loans will not be issued which in the opinion of the Lenders could result in the Facility C B Limit being exceeded at any time. The Outstanding Advances under Facility C B in the form of any above Availment Option may be converted into another form of Availment Option, subject to and in accordance with the terms and conditions of this Agreement (but for greater certainty, Bankers' Acceptances, BA Equivalent Loans and LIBOR Loans may not be converted into another Availment Option prior to the maturity thereof).
Appears in 1 contract
Sources: Credit Agreement (Tucows Inc /Pa/)
Availment Options. (a) Subject to the restrictions contained in this Agreement (and in particular, Sections sections 5.02 and 5.03) each Canadian ), the Borrower may receive Advances under Facility C 1 by any one or more of the following Availment Options (or any combination thereof):
(i) Overdrafts under the Swingline in Canadian Prime Rate LoansDollars or U.S. Dollars, subject to and in accordance with section 2.06;
(ii) U.S. Base Prime Rate Loans;
(iii) Bankers' Acceptances, each having Acceptances from BA Lenders with a maturity between 28 and 182 days (inclusive), subject to availability;
(iv) BA Equivalent Loans from Non-BA Lenders with a maturity between 28 and 182 days (inclusive), subject to availability; or;
(v) LIBOR Base Rate Loans;
(vi) Libor Loans with an Interest Period of one (1), two (2) or three (3) months, subject to availability;
(vii) Euribor Loans with an Interest Period of one (1), two (2) or three (3) months, subject to availability; and
(viii) Letters of Credit, subject to and in accordance with section 2.07.
(b) Subject to the restrictions contained in this Agreement (and in particular, sections 5.02 and 5.03), the Borrower may receive Advances under Facility 2 by any one or more of the following Availment Options (or any combination thereof):
(i) Prime Rate Loans;
(ii) Bankers' Acceptances from BA Lenders with a LIBOR maturity between 28 and 182 days (inclusive), subject to availability; and
(iii) BA Equivalent Loans from Non-BA Lenders with a maturity between 28 and 182 days (inclusive), subject to availability.
(c) Subject to the restrictions contained in this Agreement (and in particular, sections 5.02 and 5.03), the Borrower may receive Advances under Facility 3 in the form of Euribor Loans with an Interest Period of one (1), two (2) or three (3) months, subject to availability.
(b) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 and 5.03) each U.S. Borrower may receive Advances under Facility C by any one or more of the following Availment Options (or any combination thereof):
(i) U.S. Prime Rate Loans; or
(ii) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability.
(cd) Bankers' Acceptances, BA Equivalent Loans, Libor Loans and LIBOR Euribor Loans will not be issued which in with a maturity date later than the opinion Maturity Date. The Borrower may from time to time convert all or any portion of the Lenders could result in the Facility C Limit being exceeded at any time. The Outstanding Advances under Facility C in the form of any above an Availment Option may be converted under a Facility into another form of Availment OptionOption permitted under such Facility, subject to and in accordance with the terms and conditions of this Agreement (but for greater certainty, Bankers' Acceptances, BA Equivalent Loans, Libor Loans and LIBOR Euribor Loans may not be converted into another Availment Option prior to the maturity thereof).
Appears in 1 contract
Availment Options. (a) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 and 5.03) each Canadian Borrower may receive Advances under Facility C A by any one or more of the following Availment Options (or any combination thereof):
(i) Canadian Prime Rate Loans;
(ii) U.S. Base Rate Loans;
(iii) Bankers' Acceptances, each having a maturity between 28 and 182 days (inclusive), subject to availability;
(iv) BA Equivalent Loans from Non-BA Lenders with a maturity between 28 and 182 days (inclusive), subject to availability; or
(v) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability; or
(vi) Letters of Credit, subject to Section 2.08.
(b) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 and 5.03) each U.S. Borrower may receive Advances under Facility C A by any one or more of the following Availment Options (or any combination thereof):
(i) U.S. Prime Rate Loans; or
(ii) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability; or
(iii) Letters of Credit, subject to Section 2.08.
(c) Bankers' Acceptances, BA Equivalent Loans, LIBOR Loans and LIBOR Loans Letters of Credit will not be issued which in the opinion of the Lenders could result in the Facility C A Limit being exceeded at any time. The Outstanding Advances under Facility C A in the form of any above Availment Option may be converted into another form of Availment Option, subject to and in accordance with the terms and conditions of this Agreement (but for greater certainty, Bankers' Acceptances, BA Equivalent Loans, LIBOR Loans and LIBOR Loans Letters of Credit may not be converted into another Availment Option prior to the maturity thereof).
Appears in 1 contract
Sources: Credit Agreement (Tucows Inc /Pa/)
Availment Options. (a) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 7.02 and 5.037.03) each Canadian Borrower may receive Advances under Facility C by any one or more of the following Availment Options (or any combination thereof):
(i) Canadian Prime Rate Loans;
(ii) U.S. Base Rate Loans;
(iii) Bankers' Acceptances, each having a maturity between 28 and 182 days (inclusive), subject to availability;
(iv) BA Equivalent Loans from Non-BA Lenders with a maturity between 28 and 182 days (inclusive), subject to availability; or
(v) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability.
(b) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 7.02 and 5.037.03) each U.S. Borrower may receive Advances under Facility C by any one or more of the following Availment Options (or any combination thereof):
(i) U.S. Prime Rate Loans; or
(ii) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability.
(c) Bankers' Acceptances, BA Equivalent Loans and LIBOR Loans will not be issued which in the opinion of the Lenders could result in the Facility C Limit being exceeded at any time. The Outstanding Advances under Facility C in the form of any above Availment Option may be converted into another form of Availment Option, subject to and in accordance with the terms and conditions of this Agreement (but for greater certainty, Bankers' Acceptances, BA Equivalent Loans and LIBOR Loans may not be converted into another Availment Option prior to the maturity thereof).
Appears in 1 contract
Sources: Credit Agreement (Tucows Inc /Pa/)
Availment Options. (a) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 7.02 and 5.037.03) each Canadian Borrower may receive Advances under Facility C B by any one or more of the following Availment Options (or any combination thereof):
(i) Canadian Prime Rate Loans;
(ii) U.S. Base Rate Loans;
(iii) Bankers' Acceptances, each having a maturity between 28 and 182 days (inclusive), subject to availability;
(iv) BA Equivalent Loans from Non-BA Lenders with a maturity between 28 and 182 days (inclusive), subject to availability; or
(v) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability.
(b) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 7.02 and 5.037.03) each U.S. Borrower may receive Advances under Facility C B by any one or more of the following Availment Options (or any combination thereof):
(i) U.S. Prime Rate Loans; or
(ii) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability.
(c) Bankers' Acceptances, BA Equivalent Loans and LIBOR Loans will not be issued which in the opinion of the Lenders could result in the Facility C B Limit being exceeded at any time. The Outstanding Advances under Facility C B in the form of any above Availment Option may be converted into another form of Availment Option, subject to and in accordance with the terms and conditions of this Agreement (but for greater certainty, Bankers' Acceptances, BA Equivalent Loans and LIBOR Loans may not be converted into another Availment Option prior to the maturity thereof).
Appears in 1 contract
Sources: Credit Agreement (Tucows Inc /Pa/)
Availment Options. (a) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 7.02 and 5.037.03) each Canadian Borrower may receive Advances under Facility C A by any one or more of the following Availment Options (or any combination thereof):
(i) Canadian Prime Rate Loans;
(ii) U.S. Base Rate Loans;
(iii) Bankers' Acceptances, each having a maturity between 28 and 182 days (inclusive), subject to availability;
(iv) BA Equivalent Loans from Non-BA Lenders with a maturity between 28 and 182 days (inclusive), subject to availability; or
(v) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability; or
(vi) Letters of Credit, subject to Section 2.08.
(b) Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 7.02 and 5.037.03) each U.S. Borrower may receive Advances under Facility C A by any one or more of the following Availment Options (or any combination thereof):
(i) U.S. Prime Rate Loans; or
(ii) LIBOR Loans with a LIBOR Period of one (1), two (2) or three (3) months, subject to availability; or
(iii) Letters of Credit, subject to Section 2.08.
(c) Bankers' Acceptances, BA Equivalent Loans, LIBOR Loans and LIBOR Loans Letters of Credit will not be issued which in the opinion of the Lenders could result in the Facility C A Limit being exceeded at any time. The Outstanding Advances under Facility C A in the form of any above Availment Option may be converted into another form of Availment Option, subject to and in accordance with the terms and conditions of this Agreement (but for greater certainty, Bankers' Acceptances, BA Equivalent Loans, LIBOR Loans and LIBOR Loans Letters of Credit may not be converted into another Availment Option prior to the maturity thereof).
Appears in 1 contract
Sources: Credit Agreement (Tucows Inc /Pa/)