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 from the Lenders by way of one or more Loans, Bankers’ Acceptances and Letters. Any extension of credit hereunder by way of Base Rate Canada Loans or LIBOR Loans shall be in a minimum amount of $1,000,000 and by way of Prime Rate Loans, BA Rate Loans or Bankers’ Acceptances shall be in a minimum amount of CDN$1,000,000. At no time shall the aggregate amount of Letters exceed $50,000,000 or the Exchange Equivalent thereof.

Types of Credit Availments. Subject to the terms and conditions hereof, the Borrowers Borrower may obtain credit from the Lenders by way of one or more Loans, Bankers’ Acceptances and Letters. Any extension of credit hereunder by way of Base Rate Canada Loans or LIBOR Loans shall be in a minimum amount of $1,000,000 and by way of Prime Rate Loans, BA Rate 286042.00038/115243826.6 Loans or Bankers’ Acceptances shall be in a minimum amount of CDN$1,000,000. At no time shall the aggregate amount of Letters exceed $50,000,000 150,000,000 or the Exchange Equivalent thereof.