Common use of Availment Options Clause in Contracts

Availment Options. Subject to the restrictions contained in this Agreement (and in particular, Sections 5.02 and 5.03), the Borrower may receive Advances under each Non-Revolving Facility by any one or more of the following Availment Options (or any combination thereof): (a) Prime-Based Loans; or (b) Bankers' Acceptances from BA Lenders with a maturity between 28 and 182 days (inclusive), subject to availability; or (c) BA Equivalent Loans from Non-BA Lenders with a maturity between 28 and 182 days (inclusive), subject to availability; or (d) CDOR Loans with a CDOR Period of one (1), three (3) or six (6) months, subject to availability.

Appears in 2 contracts

Sources: Credit Agreement (Village Farms International, Inc.), Credit Agreement (Village Farms International, Inc.)