Canadian Revolving Credit Exposure definition

Canadian Revolving Credit Exposure means, with respect to any Canadian Lender at any time, the sum of (a) the aggregate principal amount of the Dollar Equivalent of the Canadian Revolving Credit Loans of such Lender then outstanding, and (b) such Lender’s Canadian Letter of Credit Exposure at such time.

Canadian Revolving Credit Exposure means, with respect to any Canadian Lender at any time, the aggregate principal amount at such time of all outstanding Canadian Revolving Credit Loans of such Lender denominated in U.S. dollars, plus the U.S. Dollar Equivalent of the aggregate principal amount at such time of all outstanding Canadian Revolving Credit Loans of such Canadian Lender denominated in Canadian dollars, plus the U.S. Dollar Equivalent of the aggregate amount at such time of such Canadian Lender’s Canadian Revolving Pro Rata Percentage of the Canadian L/C Exposure plus such Canadian Lender’s Canadian Revolving Pro Rata Percentage of the outstanding amount of all Canadian Swing Line Loans.

Canadian Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Canadian Revolving Loans and its Canadian LC Exposure at such time.

Examples of Canadian Revolving Credit Exposure in a sentence

• The Aggregate US Revolving Credit Exposure and the Aggregate Canadian Revolving Credit Exposure, after giving effect to such proposed Loan or Letter of Credit shall not exceed the US Maximum Available Amount and Canadian Maximum Available Amount, respectively, then in effect.

• If on any date, the aggregate Canadian Revolving Credit Exposure exceeds the Total Canadian Revolving Commitment, then within two Business Days following such date, the Canadian Borrowers shall repay or prepay Canadian Revolving Borrowings (or defease B/A Borrowings as described in Section 2.11(a)) and/or replace or cash collateralize outstanding Canadian Letters of Credit in an amount sufficient to eliminate such excess.

• The Aggregate US Revolving Credit Exposure and the Aggregate Canadian Revolving Credit Exposure, after giving effect to such proposed Loan or Letter of Credit, shall not exceed the US Maximum Available Amount and Canadian Maximum Available Amount, respectively, then in effect.

• For so long as any of the Combined Commitments are in effect and/or any Combined Obligations are outstanding, a portion of the U.S. Borrowing Base may be allocated to support the availability of Canadian Revolving Credit Exposure in accordance with this Section 2.07(e).

• If on any date, the aggregate Canadian Revolving Credit Exposure exceeds the Total Canadian Revolving Commitment, then within two Business Days following such date, the Parent Borrower shall repay or prepay Canadian Revolving Borrowings (or defease B/A Borrowings as described in Section 2.11(a)) and/or replace or cash collateralize outstanding Canadian Letters of Credit in an amount sufficient to eliminate such excess.

More Definitions of Canadian Revolving Credit Exposure

Canadian Revolving Credit Exposure means, at any time, the sum of (a) the US Dollar Equivalent of the aggregate principal amount of the Canadian Revolving Loans denominated in Canadian Dollars outstanding at such time, (b) the aggregate principal amount of the Canadian Revolving Loans denominated in US Dollars outstanding at such time and (c) the US Dollar Equivalent of the aggregate face amount of the B/As accepted by the Global Revolving Lenders and outstanding at such time. The Canadian Revolving Credit Exposure of any Global Revolving Lender at any time shall be such Lender’s Global Revolving Percentage of the total Canadian Revolving Credit Exposure at such time.

Canadian Revolving Credit Exposure as of any date of determination, shall be the sum of such Lender’s Canadian Revolving Credit Loans, its Canadian LC Exposure and its Canadian Swingline Exposure as of such date.

Canadian Revolving Credit Exposure means, at any time, the sum of (a) the US Dollar Equivalent of the aggregate principal amount of the Canadian Revolving Loans denominated in Canadian Dollars outstanding at such time, (b) the aggregate principal amount of the Canadian Revolving Loans denominated in US Dollars outstanding at such time and (c) the US Dollar Equivalent of the aggregate face amount of the B/As accepted by the Canadian Lenders and outstanding at such time. The Canadian Revolving Credit Exposure of any Lender at any time shall be such Lender's Canadian Percentage of the total Canadian Revolving Credit Exposure at such time.

Canadian Revolving Credit Exposure means, with respect to a Canadian Revolving Lender, the sum of (i) the outstanding principal amount of Canadian Revolving Loans made by such Lender and (ii) the Canadian Letter of Credit Exposure of such Canadian Revolving Lender.

Canadian Revolving Credit Exposure means, with respect to any Canadian Lender, at any time, the US Dollar Equivalent of the sum of the outstanding principal amount of such Lender’s Canadian Revolving Loans and Canadian LC Exposure.

Canadian Revolving Credit Exposure means the “Revolving Credit Exposure” under the Canadian Credit Agreement.

Canadian Revolving Credit Exposure means, with respect to any Lender at any time, the sum of (a) the aggregate principal amount of such Lender’s Canadian Revolving Loans denominated in U.S. Dollars outstanding at any time, (b) the U.S. Dollar Equivalent of the aggregate principal amount of such Lender’s Canadian Revolving Loans denominated in Canadian Dollars outstanding at such time and (c) the U.S. Dollar Equivalent of the aggregate face amount of the B/As accepted by such Lender and outstanding at such time. “Canadian Revolving Loan” means a Loan made by a Canadian Lender pursuant to Section 2.01(b).