Common use of Global Tranche Commitments Clause in Contracts

Global Tranche Commitments. Subject to the terms and conditions set forth herein, each Global Tranche Lender agrees (i) to make Global Tranche Revolving Loans denominated in US Dollars, Sterling, Euro or Designated Currencies to the Global Tranche Borrowers, (ii) to make Global Tranche Revolving Loans denominated in Canadian Dollars to the Global Tranche Borrowers that are Canadian Subsidiaries and (iii) to accept and purchase drafts drawn by Global Tranche Borrowers that are Canadian Subsidiaries in Canadian Dollars as B/As, in each case from time to time during the Availability Period in an aggregate principal or face amount at any time outstanding that will not result in (A) the aggregate Global Tranche Revolving Credit Exposures exceeding the aggregate Global Tranche Commitments or (B) the Global Tranche Revolving Credit Exposure of any Lender exceeding its Global Tranche Commitment. Within the foregoing limits and subject to the terms and conditions set forth herein, the Global Tranche Borrowers may borrow, prepay and reborrow Global Tranche Revolving Loans and sell and pay drafts drawn as B/As.