Canadian Allocated Total Commitment definition

Canadian Allocated Total Commitment means the aggregate amount of the US Commitments allocated by US Borrower from time to time as the Canadian Allocated Total Commitment pursuant to Section 2.1(b), not to exceed the Canadian Allocated Maximum Total Commitment.
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Examples of Canadian Allocated Total Commitment in a sentence

  • The Administrative Agent will promptly notify the Banks or their Canadian branches or Affiliates with Canadian Allocated Commitments of any such notice of allocation or reallocation of the Commitments and the amount of their respective Canadian Allocated Commitments, and shall notify all Banks of the Commitments and Canadian Allocated Total Commitment upon the effectiveness of such allocation or reallocation.

  • So long as no Canadian Allocation Period exists, the Borrower may at any time permanently terminate its right to allocate a portion of the Total Committed Amount as the Canadian Allocated Total Commitment, at which time the obligations of the Canadian Borrower hereunder and the Canadian Guaranty shall automatically terminate, and thereafter no Bank nor its Canadian branch or Affiliate shall have any Canadian Allocated Commitment, nor shall any Canadian bank have any Canadian Commitment.

  • Pursuant to and as set forth in Section 2A.10, the Borrower shall have the right to allocate a portion of the Total Committed Amount as the Canadian Allocated Total Commitment.