Common use of Types of Credit Availments Clause in Contracts

Types of Credit Availments. Subject to the terms and conditions hereof, the Borrowers may obtain credit under Credit Facility 1 by way of Bankers’ Acceptances, Prime Rate Loans, BA Rate Loans, Base Rate Canada Loans and LIBOR Loans and may obtain credit under Credit Facility 2 by way of Bankers’ Acceptances, Prime Rate Loans, BA Rate Loans, Base Rate Canada Loans, LIBOR Loans and Letters; provided that the aggregate amount of credit outstanding by way of Letters shall not at any time exceed $7,500,000.

Types of Credit Availments. Subject to the terms and conditions hereof, the Borrowers may obtain credit under Credit Facility 1 and Credit Facility 3 by way of Bankers’ ' Acceptances, Prime Rate Loans, BA Rate Loans, Base Rate Canada Loans and LIBOR Loans and may obtain credit under Credit Facility 2 by way of Bankers’ ' Acceptances, Prime Rate Loans, BA Rate Loans, Base Rate Canada Loans, LIBOR Loans and Letters; provided that the aggregate amount of credit outstanding by way of Letters shall not at any time exceed $7,500,000US$10,000,000 or the Exchange Equivalent thereof.