OF THE U.S.
BORROWERS SPECIFIED BY THE PARENT BORROWER THE AGGREGATE OF THE AMOUNTS MADE
AVAILABLE TO THE ADMINISTRATIVE AGENT BY THE U.S. REVOLVING LENDERS AND IN LIKE
FUNDS AS RECEIVED BY THE ADMINISTRATIVE AGENT.
(B)
THE CANADIAN BORROWER MAY OBTAIN A CANADIAN
LOAN DURING THE CANADIAN COMMITMENT PERIOD ON ANY BUSINESS DAY, PROVIDED THAT
THE CANADIAN BORROWER SHALL GIVE THE CANADIAN AGENT IRREVOCABLE TELEPHONIC
NOTICE CONFIRMED PROMPTLY IN WRITING IN FORM AND SUBSTANCE AS PROVIDED IN
EXHIBIT N (WHICH NOTICE MUST BE RECEIVED BY THE CANADIAN AGENT PRIOR TO (I) BY
11:00 A.M., TORONTO TIME, ONE BUSINESS DAY PRIOR TO THE REQUESTED BORROWING
DATE, IN THE CASE OF C$ PRIME LOANS, OR (II) IN ACCORDANCE WITH SECTION 2.21(E),
IN THE CASE OF CANADIAN LOANS COMPRISED OF BANKERS' ACCEPTANCES, SPECIFYING THE
AMOUNT AND TYPE OF CANADIAN LOANS TO BE BORROWED; THE INITIAL CONTRACT PERIOD
FOR ANY BANKERS' ACCEPTANCES TO BE INCLUDED IN SUCH BORROWING; WHETHER A
CANADIAN LENDER IS REQUIRED TO PURCHASE THE BANKERS' ACCEPTANCES ACCEPTED BY IT;
IN THE CASE OF A ROLLOVER OR CONVERSION OF ANY BANKERS' ACCEPTANCE AS
CONTEMPLATED BY SECTION 2.22, THE PARTICULARS OF THE MATURING BANKERS'
ACCEPTANCE; THE DATE OF SUCH BORROWING (WHICH SHALL BE A BUSINESS DAY); AND THE
LOCATION AND NUMBER OF THE CANADIAN BORROWER'S ACCOUNT TO WHICH FUNDS ARE TO BE
DISBURSED.
IF NO ELECTION AS TO THE TYPE OF BORROWING IS SPECIFIED, THEN THE
REQUESTED BORROWING SHALL BE A C$ PRIME LOAN.
EACH BORROWING UNDER THE CANADIAN
COMMITMENTS SHALL BE IN AN AMOUNT EQUAL TO C$1,000,000 OR A WHOLE MULTIPLE
THEREOF (OR, IF THEN AGGREGATE AVAILABLE CANADIAN COMMITMENTS ARE LESS THAN
C$1,000,000, SUCH LESSER AMOUNT).
IF NO CONTRACT PERIOD IS SPECIFIED WITH
RESPECT TO ANY REQUESTED BANKERS' ACCEPTANCE, THEN THE CANADIAN BORROWER SHALL
BE DEEMED TO HAVE SELECTED A CONTRACT PERIOD OF 30 DAYS' DURATION.
UPON RECEIPT
OF ANY SUCH NOTICE OF BORROWING FROM THE CANADIAN BORROWER, THE CANADIAN AGENT
SHALL PROMPTLY NOTIFY EACH CANADIAN LENDER THEREOF AND, IN THE CASE OF A NOTICE
REQUESTING BANKERS' ACCEPTANCES, THE CANADIAN AGENT SHALL ADVISE EACH CANADIAN
LENDER OF THE FACE AMOUNT AND TERM OF EACH DRAFT TO BE ACCEPTED BY IT AND
WHETHER SUCH LENDER IS REQUIRED, PURSUANT TO THE NOTICE BY THE CANADIAN
BORROWER, TO PURCHASE THE BANKERS' ACCEPTANCES
35
ACCEPTED BY IT.
EACH CANADIAN LENDER WILL MAKE THE AMOUNT OF ITS PRO RATA SHARE
OF EACH BORROWING (EXCEPT THAT, IF THE FACE AMOUNT OF ANY DRAFT TO BE ACCEPTED
BY A CANADIAN LENDER, DETERMINED AS PROVIDED FOR ABOVE, WOULD NOT BE C$100,000
OR A WHOLE MULTIPLE OF C$100,000, THE CANADIAN AGENT SHALL EITHER INCREASE OR
DECREASE SUCH FACE AMOUNT TO THE NEAREST WHOLE MULTIPLE OF C$100,000) AVAILABLE
TO THE CANADIAN AGENT FOR THE ACCOUNT OF THE CANADIAN BORROWER AT THE FUNDING
OFFICE PRIOR TO 12:00 NOON, TORONTO TIME, ON THE BORROWING DATE REQUESTED BY THE
CANADIAN BORROWER IN FUNDS IMMEDIATELY AVAILABLE TO THE CANADIAN AGENT;
PROVIDED, THAT THE AMOUNT OF CANADIAN LOANS AT ANY TIME OUTSTANDING SHALL NOT
EXCEED THE