Common use of Credit Restrictions Clause in Contracts

Credit Restrictions. Notwithstanding any other provision hereof, the Borrowers shall be entitled to obtain credit by way of LIBOR Loans or Bankers' Acceptances only in such amounts so as to ensure that the Lenders are not required to make a LIBOR Loan for a principal amount other than US$200,000 or an integral multiple of US$100,000 in excess thereof or to accept a Bankers' Acceptance having a face amount other than CDN$500,000 or an integral multiple of CDN$1,000 in excess thereof.

Appears in 1 contract

Sources: Credit Agreement (Vitran Corp Inc)

Credit Restrictions. Notwithstanding any other provision hereof, the Borrowers shall be entitled to obtain credit by way of LIBOR Loans or Bankers' Acceptances only in such amounts so as to ensure that the Lenders are not required to make a LIBOR Loan for a principal amount other than US$200,000 100,000 or an integral multiple of US$100,000 in excess thereof or to accept a Bankers' Acceptance having a face amount other than CDN$500,000 CDN$100,000 or an integral multiple of CDN$1,000 in excess thereof.

Appears in 1 contract

Sources: Credit Agreement (Vitran Corp Inc)

Credit Restrictions. Notwithstanding any other provision hereof, the Borrowers shall be entitled to obtain credit by way of LIBOR Loans or Bankers' Acceptances only in such amounts so as to ensure that the Lenders are not required to make a LIBOR Loan for a principal amount other than US$U.S. $200,000 or an integral multiple of US$U.S. $100,000 in excess thereof or to accept a Bankers' Acceptance having a face amount other than CDN$500,000 $500,000 or an integral multiple of CDN$1,000 $1,000 in excess thereof.

Appears in 1 contract

Sources: Credit Agreement (Vitran Corp Inc)