Common use of Maximum Borrowing Amounts Clause in Contracts

Maximum Borrowing Amounts. (a) The Alternate Currency Commitment for the Swing Line Lender party to this Addendum is set forth on Schedule I. (b) The undersigned Borrower may permanently reduce the Alternate Currency Commitment under this Addendum in whole or in part, in an aggregate minimum and integral amounts of 1,000,000 Canadian Dollars upon at least one Business Day's prior written notice to the Administrative Agent and the Swing Line Lender party to this Addendum, which notice shall be given not later than 11:00 a.m. (Toronto time) and shall specify the amount of such reduction; provided, however, that the amount of the Alternate Currency Commitment may not be reduced below the aggregate principal amount of the outstanding Alternate Currency Loans with respect thereto.

Appears in 1 contract

Sources: Credit Agreement (Chicago Bridge & Iron Co N V)

Maximum Borrowing Amounts. (a) The Alternate Currency Commitment for the Swing Line Lender party to this Addendum is set forth on Schedule I. (b) The undersigned Borrower may permanently reduce the Alternate Currency Commitment under this Addendum in whole or in part, in an aggregate minimum and integral amounts of 1,000,000 Canadian Australian Dollars upon at least one Business Day's prior written notice to the Administrative Agent and the Swing Line Lender party to this Addendum, which notice shall be given not later than 11:00 a.m. (Toronto Adelaide time) and shall specify the amount of such reduction; provided, however, that the amount of the Alternate Currency Commitment may not be reduced below the aggregate principal amount of the outstanding Alternate Currency Loans with respect thereto.

Appears in 1 contract

Sources: Credit Agreement (Chicago Bridge & Iron Co N V)