Canadian Borrowing Base definition

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

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Canadian Borrowing Base means, with respect to the Canadian Borrower and the other Canadian Credit Parties on a consolidated basis, as of any date of determination by Administrative Agent, an amount equal to the U.S. Dollar Equivalent of:

Canadian Borrowing Base means, as of any date of calculation, the amount calculated consistent with the Borrowing Base Certificate most recently delivered to the Administrative Agent hereunder equal to:

Examples of Canadian Borrowing Base in a sentence

The Administrative Agent shall have received a Borrowing Base Certificate which calculates the U.S. Borrowing Base and the Canadian Borrowing Base as of February 28, 2022.
With respect to Inventory that has been included in the calculation of the U.S. Borrowing Base or Canadian Borrowing Base, no Loan Party shall acquire or accept any such Inventory on consignment or approval and the Loan Parties shall take all commercially reasonable steps to assure that all Inventory is produced in accordance with applicable Law, including the FLSA; except in any such case where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.
Each Borrowing Base Certificate shall set forth the calculation of the U.S. Borrowing Base in Dollars and of the Canadian Borrowing Base in the Dollar Equivalent.
Subject to the provisions hereof expressly permitting the Administrative Agent to adjust Reserves, the Canadian Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 5.01(e) (or, prior to the first such delivery, delivered to the Administrative Agent pursuant to Section 4.01(r)).

More Definitions of Canadian Borrowing Base

Canadian Borrowing Base as of any date of determination, the result of, in each case using the Dollar Equivalent of all amounts in Canadian Dollars:

Canadian Borrowing Base means the Dollar Equivalent sum of the following as set forth in the most recently delivered Canadian Borrowing Base Certificate:

Canadian Borrowing Base means, at any time, with respect to the Canadian Loan Parties, the sum of:

Canadian Borrowing Base means, at any time, an amount equal to (a) 70% of the Eligible Canadian Accounts at such time, plus (b) 50% of the Eligible Canadian Inventory, valued at the lower of cost or market value, determined on a basis consistent with the Canadian Loan Parties’ historical accounting practices, at such time, minus (c) the aggregate amount of all Canadian Priority Payables of the Canadian Loan Parties.

Canadian Borrowing Base means, with respect to the Canadian Loan Parties at any time, subject to the Eligibility Adjustment Principles and Borrowing Base Acquisition Adjustment Principles, the amount (expressed as a U.S. Dollar Equivalent amount) equal to:

Canadian Borrowing Base means, as of any date of determination thereof, without duplication, an amount equal to the sum of:

Canadian Borrowing Base means, as of any date of determination, the result of: