Canadian Credit Extensions definition

Canadian Credit Extensions mean each of the following: (a) a Canadian Borrowing and (b) a Canadian L/C Credit Extension.

Canadian Credit Extensions as of any day, shall be equal to the sum of (a) the principal balance of all Canadian Loans then outstanding, and (b) the then amount of the Canadian Letter of Credit Outstandings.

Canadian Credit Extensions means the making of a Canadian Revolving Loan to the Canadian Borrower or any Canadian L/C Credit Extensions. “Canadian Credit Party” or “Canadian Credit Parties” means (a) individually, (i) each Canadian Lender and each of its Affiliates and branches to whom any Canadian Liabilities are owed, (ii) the Agent, (iii) each L/C Issuer with respect to Canadian Letters of Credit, (iv) the Arranger, (v) each beneficiary of each indemnification obligation undertaken by any Canadian Loan Party under any Loan Document, (vi) any other Person to whom Canadian Liabilities under this Agreement and other Loan Documents are owing, and (vii) the successors and assigns of each of the foregoing, and (b) collectively, all of the foregoing.

Examples of Canadian Credit Extensions in a sentence

• At the effective time of each such reduction, the Canadian Borrower shall pay to the Agent for application as provided herein (i) any amount by which the Canadian Credit Extensions outstanding on such date exceed the amount to which the Canadian Commitments are to be reduced effective on such date, in each case pro rata based on the amount prepaid, and (ii) any Breakage Costs, if applicable.

• At the effective time of each such reduction, the Canadian Borrower shall pay to the Canadian Agent for application as provided herein (i) any amount by which the Canadian Credit Extensions outstanding on such date exceed the amount to which the Canadian Commitments are to be reduced effective on such date, in each case pro rata based on the amount prepaid, and (ii) any Breakage Costs, if applicable.

• The Assignee further confirms and agrees that in becoming a [U.S.] [Canadian] Lender and in making its [U.S.] [Canadian] Commitments and [U.S.] [Canadian] Credit Extensions under the Credit Agreement, such actions have and will be made without recourse to, or representation or warranty by, the [U.S.] [Canadian] Agent.

• The Assignee hereby acknowledges and confirms that it has received a copy of the Credit Agreement and the exhibits related thereto, together with copies of the documents which were required to be delivered under the Credit Agreement as a condition to the making of the [U.S.] [Canadian] Credit Extensions thereunder.

• As of ________ __, ____ (the "ASSIGNMENT DATE"), ____________ (the "ASSIGNOR") irrevocably sells, transfers, conveys and assigns, without recourse, representation or warranty (except as expressly set forth herein), to ____________ (the "ASSIGNEE") and the Assignee irrevocably purchases from the Assignor _____% (the "ASSIGNED PORTION") of the [U.S.] [Canadian] Credit Extensions and [U.S.] [Canadian] Commitments of the Assignor outstanding under the Credit Agreement.

• The Assignee hereby advises each of you of the following administrative details with respect to the assigned [U.S.] [Canadian] Credit Extensions and [U.S.] [Canadian] Commitments and requests the Agents to acknowledge receipt of this document: -------------------- * Insert as appropriate.

• In addition, this agreement constitutes notice to each of you, pursuant to clause (c) of Section 12.11.1 of the Credit Agreement, of the assignment and delegation to the Assignee of the Assigned Portion of the [U.S.] [Canadian] Credit Extensions and [U.S.] [Canadian] Commitments of the Assignor outstanding under the Credit Agreement as of the Assignment Date.

More Definitions of Canadian Credit Extensions

Canadian Credit Extensions means, as the context may require, (i) the making of a Canadian Loan by a Revolving Loan Lender (including the acceptance of a Canadian BA) or (ii) the issuance of any Canadian Letter of Credit, or the extension of any Stated Expiry Date of any existing Canadian Letter of Credit, by the applicable Issuer.

Canadian Credit Extensions means a Canadian Borrowing.

Canadian Credit Extensions means the making of a Canadian Revolving Loan to the Canadian Borrower or any Canadian L/C Credit Extensions.

Canadian Credit Extensions means the making of a Canadian Loan to the Canadian Borrower or any Canadian L/C Credit Extensions. “Canadian Credit Party” or “Canadian Credit Parties” means (a) individually, (i) each Canadian Lender and each of its Affiliates and branches to whom