Canadian Dollar Advances definition

Canadian Dollar Advances means Canadian Borrower Advances denominated in Canadian Dollars.
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Canadian Dollar Advances as defined in Section 2.17(a).
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Canadian Dollar Advances means, at any time, all Advances made under the Canadian Facility in Canadian Dollars, and includes the BA Advances outstanding in Canadian Dollars.
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Examples of Canadian Dollar Advances in a sentence

  • Such notice of prepayment shall specify the date and amount of such prepayment and whether such prepayment is of Canadian Dollar Advances, U.S. Dollar Loans, LIBOR Loans or any combination thereof.

  • The Borrower's Designee shall deliver a notice of prepayment in accordance with Section 11.2 to be received by the Agent (i) not later than 12:00 p.m. (Toronto time) at least three Business Days in advance of the prepayment date if the Loans to be prepaid are LIBOR Loans and (ii) no later than 11:00 a.m. (Toronto time) on the prepayment date if the Loans to be repaid are U.S. Dollar Loans or Canadian Dollar Advances.

  • Canadian Dollar Advances shall be made and repaid in Canadian Dollars.

  • If such notice is given by the Borrower's Designee, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein, together with (other than interest in the case of U.S. Dollar Loans or Canadian Dollar Advances, which interest shall be payable in full on the last day of the then current calendar quarter) accrued interest to each such date on the amount prepaid and any amounts required pursuant to Section 4.4.

  • The aggregate of (i) outstanding Canadian Dollar Advances under the Canadian Revolving Facility, (ii) the Equivalent Amount in Canadian Dollars of all outstanding US Dollar Advances under the Canadian Revolving Facility, and (iii) the Equivalent Amount in Canadian Dollars of all outstanding Advances under the US Revolving Facility will not (except as contemplated in Section 6.04), exceed the Borrowing Base.

  • Except as otherwise expressly provided herein, all payments by any Loan Party shall be made to the Agent for the account of the Banks at the Agent's Payment Office in U.S. Dollars for LIBOR Loans and U.S. Dollar Loans or Canadian Dollars for BA Advances and Canadian Dollar Advances and otherwise in the Applicable Currency.

  • At any time following the occurrence of an Event of Default and the acceleration of the Obligations, each Lender shall be entitled to convert, with two Business Days’ prior notice to the Borrower, its unpaid and outstanding Canadian Dollar Advances under the Credit Facilities, or either of them, to Base Rate Advances.

  • Circumstances Requiring Canadian Dollar Advances 50 Section 3.05.


More Definitions of Canadian Dollar Advances

Canadian Dollar Advances means at any time, all Advances made in Cdn. Dollars, and includes all the BA Advances made, and all Letters of Credit issued, in Cdn. Dollars;
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Related to Canadian Dollar Advances

  • Canadian Dollars means the lawful currency of Canada.

  • Canadian Dollar means the lawful currency of Canada.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, Swiss Francs, Mexican Pesos, Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

  • Euro-Dollar Loan means a Committed Loan that bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.07.

  • LIBO Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Eurocurrency Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate.

  • Offshore Currency Loan means any Offshore Rate Loan denominated in an Offshore Currency.

  • Eurodollar Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurodollar Rate.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Eurocurrency Rate Advance means a Revolving Credit Advance or a Term Loan Advance denominated in Dollars or in an Agreed Currency which bears interest as provided in Section 2.07(b) or a Local Currency Advance which bears interest as provided in Section 2.07(b) and the Local Currency Addendum.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Alternative Currencies means any currency (other than Dollars) approved by the Administrative Agent and the applicable Issuing Bank.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • Australian Dollars means the lawful currency of Australia.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.