Available Canadian Commitment definition

Available Canadian Commitment means an amount equal to the excess, if any, of (a) the Dollar Equivalent of the amount of the Canadian Total Revolving Credit Commitment over (b) the sum of (i) the aggregate principal amount of all Canadian Revolving Credit Loans (but not Swingline Loans) then outstanding and (ii) the aggregate Canadian Letter of Credit Outstanding at such time.

Available Canadian Commitment as to any C$ Bank, at a particular time, an amount equal to the excess, if any, of (a) the amount of such Bank's Canadian Commitment at such time over (b) the Aggregate Canadian Extensions of Credit of such Bank at such time.

Available Canadian Commitment as to any C$ Lender, at a particular ----------------------------- time, an amount equal to the excess, if any, of (a) the amount of such Lender's Canadian Commitment at such time over (b) the aggregate principal ---- amount of all C$ Loans made by such Lender then outstanding.

Examples of Available Canadian Commitment in a sentence

• Such commitment fee shall be payable quarterly in arrears (x) on the last Business Day of each fiscal quarter of the Borrower and (y) on the Final Date (for the period ended on such date for which no payment has been received pursuant to clause (x) above), and shall be computed for each day during such period at a rate per annum equal to the Commitment Fee Rate in effect on such day on the Available Canadian Commitment in effect on such day.

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• The Canadian Borrowers agree to pay to the Canadian Administrative Agent for the benefit of each Canadian Lender a commitment fee, which shall accrue at a rate of 0.375% per annum on the average daily amount of the Available Canadian Commitment of such Lender during the period from and including the Effective Date to but excluding the date on which each such Lenders’ Revolving Commitments terminate.

• The Company shall pay to the Administrative Agent for the account of the Lenders an aggregate commitment fee on the daily average unused amount of such Lender's Available Canadian Commitment for the period from and including the Effective Date of this Agreement to and including the Termination Date, at a rate per annum equal to the Facility Fee Rate.

• Credit Agreement; provided that no amendment, modification or waiver which extends the maturity of the Loans or any Bankers' Acceptances, increases the Available Canadian Commitment, or reduces the interest rate applicable to the Loans or the Stamping Fee shall be effective without consent of all Lenders.

More Definitions of Available Canadian Commitment

Available Canadian Commitment means at any date of determination with respect to any Canadian Lender (after giving effect to the making and payment of any Loans required on such date pursuant to Section 2.6(g)), the lesser of (a) the excess, if any, of (i) the Dollar Equivalent of such Canadian Lender's Canadian Commitment in effect on such date over (ii) the aggregate Canadian Syndicated Loans of such Canadian Lender on such date and (b) the Available U.S. Commitment of such Lender on such date.

Available Canadian Commitment means at any date of determination with respect to any Canadian Lender (after giving effect to the making and payment of any Loans required on such date pursuant to Section 2.6(g)), the lesser of (a) the excess, if any, of (i) the U.S. Dollar Equivalent of such Canadian Lender's Canadian Commitment in effect on such date over (ii) the aggregate Canadian Syndicated Loans of such Canadian Lender on such date and (b) the Available U.S. Commitment of such Lender on such date.

Available Canadian Commitment means, at any time, the Canadian Commitment then in effect minus the Canadian Exposure of all Canadian Lenders at such time.

Available Canadian Commitment means, as to any Lender at any time, the amount equal to the excess, if any, of (a) such Lender's Canadian Commitment over (b) the sum of such Lender's (i) ratable portion of the Aggregate Facility D Revolving Extensions of Credit and (ii) ratable portion of the Aggregate Canadian Revolving Extensions of Credit. The Available Canadian Commitment may be calculated as being negative at any time.

Available Canadian Commitment means at any date of determination with respect to any Canadian Lender (after giving effect to the making and payment of any Loans required on such date pursuant to Section 2.6(g)), the lesser of (a) the excess, if any, of (i) the Dollar Equivalent of such Canadian Lender's Canadian Commitment in effect on such date over (ii) the aggregate Canadian Syndicated Loans of such Canadian Lender on such date and (b) the Available U.S. Commitment of such Lender on such date. "Available U.S. Commitment" shall mean at any date of determination with respect to any Lender (after giving effect to the making and payment of any Loans required on such date pursuant to Section 2.6(g)), an amount in Dollars equal to the excess, of (a) the amount of such Lender's U.S. Commitment in effect on such date over (b) the Aggregate Syndicated Outstandings of such Lender on such date.

Available Canadian Commitment means as to any Canadian Lender, at a particular time, an amount equal to the excess, if any, of (a) the amount of such Canadian Lender's Canadian Commitment at such time OVER (b) the aggregate principal amount of all C$ Loans made by such Canadian Lender then outstanding.

Available Canadian Commitment. AS TO ANY C$ LENDER, AT A PARTICULAR ----------------------------- TIME, AN AMOUNT EQUAL TO THE EXCESS, IF ANY, OF (A) THE AMOUNT OF SUCH LENDER'S CANADIAN COMMITMENT AT SUCH TIME OVER (B) THE AGGREGATE PRINCIPAL ---- AMOUNT OF ALL C$ LOANS MADE BY SUCH LENDER THEN OUTSTANDING.