Allocated Canadian Borrowing Base definition

Allocated Canadian Borrowing Base means, as of any date, an amount in U.S. Dollars designated as such by the Company pursuant to Section 2.09(a)(iii). A Canadian Lender's Share of the Allocated Canadian Borrowing Base shall equal such Canadian Lender's Canadian Commitment Percentage of the Allocated Canadian Borrowing Base.
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Allocated Canadian Borrowing Base means, as of any date, an amount in Dollars designated as such from time to time by the Company pursuant to Section 2.12 hereof.
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Allocated Canadian Borrowing Base means, as of any date, the Equivalent Amount in U.S. Dollars designated as such from time to time (A) by the Parent pursuant to a Borrowing Base Allocation Notice delivered in accordance with Section 2.7(d)(iii) of this Agreement or (B) in accordance with the other provisions of this Agreement; provided, however, that at no time prior to the first scheduled redetermination of the Global Borrowing Base following the Global Effective Date shall the Allocated Canadian Borrowing Base exceed U.S.$150,000,000. On the date of this Agreement, the initial Allocated Canadian Borrowing Base shall be U.S.$130,000,000.
Sample 1

Examples of Allocated Canadian Borrowing Base in a sentence

  • The revised Allocated U.S. Borrowing Base and Allocated Canadian Borrowing Base (and, if applicable, Commitment Percentages) shall become effective upon the distribution by the Administrative Agent to the Company, all Lenders and all Canadian Lenders of written notice thereof which shall occur not later than three (3) Business Days after its receipt of the notice of increase.

  • Promptly upon the allocation of the U.S. Borrowing Base between the Allocated U.S. Borrowing Base and the Allocated Canadian Borrowing Base in accordance with the procedures set forth in this clause (ii), the Global Administrative Agent shall provide a written notice thereof to the Combined Lenders.

  • Any designation of the Allocated U.S. Borrowing Base or the Allocated Canadian Borrowing Base effected pursuant to this Section 2.07(e)(i) in connection with a determination or redetermination of the Global Borrowing Base or U.S. Borrowing Base, shall be effective as of the date of the New Borrowing Base Notice.

  • Each Zone Association must submit to the Provincial Office no later than JANUARY 7, 2005, the entry form for every bowler that entered the tournament.

  • For so long as any of the Combined Commitments are in effect and/or any Combined Obligations are outstanding, the Global Borrowing Base shall be comprised of the Allocated U.S. Borrowing Base and the Allocated Canadian Borrowing Base, and allocations between the Allocated U.S. Borrowing Base and Allocated Canadian Borrowing Base shall be made in accordance with this Section 2.7(d).

  • If such increase is approved, each Lender which is also a Canadian Lender (or who has an Affiliated Canadian Lender) shall have its pro rata share of the Allocated U.S. Borrowing Base reduced by an amount equal to its corresponding increase in the Allocated Canadian Borrowing Base.

  • If such decrease is approved, each such Lender shall have its pro rata share of the Allocated U.S. Borrowing Base increased by an amount equal to its corresponding decrease in the Allocated Canadian Borrowing Base.

  • The Allocated Canadian Borrowing Base in effect from time to time shall represent the maximum amount of Loans and Bankers' Acceptances that the Lenders will loan or accept to or for the Company at any one time prior to the Termination Date.

  • The revised Allocated U.S. Borrowing Base and Allocated Canadian Borrowing Base shall become effective upon the distribution by the U.S. Agent to the Company, Forest, the Administrative Agent and the Lender Group of written notice thereof which shall occur not later than three (3) Business Days after its receipt of the notice of increase.

  • If the Combined Commitments are in effect and/or any Combined Obligations are outstanding, then upon receipt of such Global Borrowing Base Designation Notice, the Parent shall designate the Allocated U.S. Borrowing Base and the Allocated Canadian Borrowing Base to the Global Administrative Agent in accordance with Section 2.7(d).


More Definitions of Allocated Canadian Borrowing Base

Allocated Canadian Borrowing Base is defined in Section 2.7(d)(ii).
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Allocated Canadian Borrowing Base means the amount designated as such by OEI- Louisiana under Section 2.09 of the U. S. Credit Agreement.
Sample 1
Allocated Canadian Borrowing Base means from time to time the "Allocated Canadian Borrowing Base" as determined in accordance with SECTION 2.7(d)(ii).
Sample 1
Allocated Canadian Borrowing Base means, as of any date, the Equivalent Amount designated as such from time to time (a) by Borrower pursuant to a Global Borrowing Base Allocation Notice delivered in accordance with SECTION 2.7(d)(iii) or (iv) of this Agreement or (B) in accordance with the other provisions of this Agreement. The Allocated Canadian Borrowing Base shall represent the maximum amount of credit in the form of "Loans", "Letters of Credit" and "Bankers' Acceptances" in each case as defined in the Canadian Credit Agreement (subject to the aggregate "Commitments" as defined in the Canadian Credit Agreement and subject to the other provisions thereof) that the Canadian Lenders will extend to the Canadian Borrowers at any one time prior to the "Maturity Date" as defined in the Canadian Credit Agreement. On the date of this Agreement, the initial Allocated Canadian Borrowing Base shall be U.S.$50,000,000.
Sample 1

Related to Allocated Canadian Borrowing Base

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • Borrowing Base Amount means:

  • Canadian Availability means (a) the lesser of (x) the Canadian Sublimit and (y) the sum of (i) the Canadian Borrowing Base plus (ii) solely to the extent the total Revolving Exposure relating to the Canadian Borrower exceeds the Canadian Borrowing Base, the US Availability (calculated without giving effect to any Canadian US Borrowing Base Utilization), minus (b) the total Revolving Exposure relating to the Canadian Borrower.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • U.S. Revolving Credit Exposure means, with respect to any Lender at any time, the sum of such Lender’s outstanding U.S. Revolving Loans and its U.S. L/C Exposure and U.S. Swingline Exposure at such time.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Total Revolving Credit Exposure means, as to any Revolving Lender at any time, the unused Commitments and Revolving Exposure of such Revolving Lender at such time.

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.