Available Canadian Revolving Credit Commitment definition

Available Canadian Revolving Credit Commitment with respect to any Canadian Revolving Credit Lender at any time, an amount in U.S. Dollars equal to the excess, if any, of (a) such Lender's Canadian Revolving Credit Commitment then in effect over (b) the sum of (A) such Lender's Canadian Revolving Extensions of Credit then outstanding plus (B) in the case of the Canadian Supplemental Revolving Credit Lender, the aggregate outstanding principal amount of the Canadian Supplemental Revolving Credit Loans.
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Available Canadian Revolving Credit Commitment as at any date of determination with respect to any Canadian Lender (after giving effect to the making and payment of any U.S. Revolving Credit Loans required to be made on such date pursuant to subsection 2.5), an amount in U.S. Dollars equal to the lesser of (a) the excess, if any, of (i) the amount of such Canadian Lender's Canadian Revolving Credit Commitment in effect on such date over (ii) the U.S. Dollar Equivalent of the Aggregate Canadian Revolving Credit Outstandings of such Canadian Lender on such date and (b) the excess, if any, of (i) the amount of the U.S. Revolving Credit Commitment of such Canadian Lender's Counterpart Lender on such date over (ii) the Aggregate Committed Outstandings of such Canadian Lender's Counterpart Lender on such date.
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Available Canadian Revolving Credit Commitment with respect to ---------------------------------------------- any Canadian Revolving Credit Lender at any time, an amount in U.S. Dollars equal to the excess, if any, of (a) such Lender's Canadian Revolving Credit Commitment then in effect over (b) such Lender's Canadian Revolving Extensions of Credit then outstanding; provided, that (i) in calculating any Lender's (other than the Canadian Swing Line Lender's) Canadian Revolving Extensions of Credit for the purpose of determining such Lender's Available Canadian Revolving Credit Commitment pursuant to Section 5.5, the aggregate principal amount of Canadian Swing Line Lender's Canadian Revolving Extensions of Credit for the purpose of determining the Canadian Swing Line Lender's Available Canadian Revolving Credit Commitment pursuant to Section 5.5, the Canadian Swing Line Lender's Canadian Revolving Extensions of Credit shall be deemed to include the aggregate principal amount of the Canadian Swing Line Loans then outstanding.
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Examples of Available Canadian Revolving Credit Commitment in a sentence

  • For purposes of this Section, calculations of the Available Canadian Revolving Credit Commitment of each Lender for each day during the relevant period shall be made using the Exchange Rate in effect on the first day of such period.

  • Each borrowing by way of Bankers' Acceptances shall be in a minimum aggregate face amount of C$4,000,000 or a whole multiple of C$100,000 in excess thereof, and no borrowing by way of Bankers' Acceptances shall be permitted hereunder which is in an amount greater than the then Available Canadian Revolving Credit Commitment with respect to the Canadian Revolving Credit Loans or in an amount greater than the New Canadian Term Loan Commitments with respect to the New Canadian Term Loans.

  • The Canadian Borrower agrees to pay (or if the Canadian Borrower shall not pay, the Company agrees to pay) to the Agent, for the account of each Lender, in immediately available funds in Canadian Dollars, a commitment fee of three-eighths of one percent (3/8 of 1%) per annum on the average daily Available Canadian Revolving Credit Commitment of such Lender on each day.

  • Subject to the terms and conditions hereof, each Canadian Lender severally agrees to the extent of its Available Canadian Revolving Credit Commitment to make revolving credit loans (which shall be C$ Prime Loans) to, and, at the option of the Canadian Borrower, to accept and purchase Bankers' Acceptances from, the Canadian Borrower from time to time during the Revolving Credit Commitment Period.

  • Each borrowing by way of Bankers' Acceptances shall be in a minimum aggregate face amount of C$4,000,000 or a whole multiple of C$100,000 in excess thereof, and no borrowing by way of Bankers' Acceptances shall be permitted hereunder which is in an amount greater than the then Available Canadian Revolving Credit Commitment.


More Definitions of Available Canadian Revolving Credit Commitment

Available Canadian Revolving Credit Commitment with respect to any Canadian Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender's Canadian Revolving Credit Commitment then in effect over (b) such Lender's Canadian Revolving Extensions of Credit then outstanding, provided that, in calculating any Lender's Canadian Revolving Extensions of Credit for the purpose of determining such Lender's (other than the Canadian Swing Line Lender's) Available Canadian Revolving Credit Commitment for purposes of Section 2.9(a), the aggregate principal amount of Canadian Swing Line Loans then outstanding shall be deemed to be zero.
Sample 1
Available Canadian Revolving Credit Commitment means as to any Canadian Revolving Lender, at any time of determination, an amount equal to such Canadian Revolving Lender’s Canadian Revolving Credit Commitment at such time minus such Canadian Revolving Lender’s Canadian Revolving Credit Exposure at such time.
Sample 1
Available Canadian Revolving Credit Commitment as at any date of determination with respect to any Canadian Lender (after giving effect to the making and payment of any U.S. Revolving Credit Loans required to be made on such date pursuant to subsection 2.5), an amount in Canadian Dollars equal to the excess, if any, of (a) the amount of such Canadian Lender's Canadian Revolving Credit Commitment in effect on such date over (b) the sum of (i) the Aggregate Canadian Revolving Credit Outstandings of such Canadian Lender on such date, (ii) the Canadian Dollar Equivalent of the Aggregate U.S. Revolving Credit Outstandings of such Canadian Lender's Counterpart Lender on such date, (iii) the Canadian Dollar Equivalent of the Aggregate Multicurrency Outstandings of such Canadian Lender's Counterpart Lender on such date and (iv) the Canadian Dollar Equivalent of the Aggregate Alternate Currency Outstandings of such Canadian Lender's Counterpart Lender on such date.
Sample 1
Available Canadian Revolving Credit Commitment as to any Canadian Lender, at a particular time, an amount equal to (a) the amount of such Lender's Canadian Revolving Credit Commitment at such time less (b) the sum of (i) the aggregate unpaid principal amount at such time of all Canadian Revolving Credit Loans made by such Lender pursuant to subsection 3.1, (ii) such Lender's Revolving Credit Commitment Percentage of the aggregate unpaid principal amount at such time of C$ Prime Loans and BA Loans and (iii) such Lender's Revolving Credit Commitment Percentage of the aggregate undiscounted face amount at such time of any Bankers' Acceptance; collectively, as to all Canadian Lenders, the "Available Canadian Revolving Credit Commitments."
Sample 1

Related to Available Canadian Revolving Credit Commitment

  • U.S. Revolving Credit Commitment shall have the meaning assigned to such term in Section 2.1(c).

  • 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.

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • Aggregate Revolving Credit Commitment means the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at any given time. The Aggregate Revolving Credit Commitment on the Closing Date is $1,250,000,000.

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Unused Revolving Credit Commitment means, with respect to any Lender at any date of determination, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of Credit Advances made by such Lender (in its capacity as a Lender) and outstanding at such time plus (ii) such Lender’s Pro Rata Share of (A) the aggregate Available Amount of all Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Letter of Credit Advances made by the Issuing Banks pursuant to Section 2.03(c) and outstanding at such time and (C) the aggregate principal amount of all Swing Line Advances made by the Swing Line Bank pursuant to Section 2.01(c) and outstanding at such time.

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Other Revolving Credit Commitments means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.