Canadian Dollar Borrowing Base definition

Canadian Dollar Borrowing Base. As of any Measurement Date, an amount equal to the aggregate sum of (i) the sum of the products, for each Eligible Loan denominated in Canadian Dollars as of such date, of (A) the Applicable Percentage for each such Eligible Loan as of such date and (B) the Adjusted Borrowing Value of each such Eligible Loan as of such date, plus (ii) the amount of Canadian Dollars that are Principal Collections on deposit in the Canadian Dollar Account as of such date, minus (iii) the Unfunded Exposure Required Amount with respect to Eligible Loans denominated in Canadian Dollars, plus (iv) the amount of Canadian Dollars that are Unfunded Exposure Collections on deposit in the Canadian Dollar Account.
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Canadian Dollar Borrowing Base means, as of any date of determination, the sum of the U.S. Dollar Equivalent of (a) eighty-five percent (85%) of the aggregate face amount of all Canadian Eligible Receivables at such date, and (b) fifty percent (50%) of the book value of all Canadian Eligible Inventory at such date.
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Canadian Dollar Borrowing Base. As of any date of determination by the Administrative Agent, an amount equal to the greater of (A) zero and (B) an amount equal to 1.20 times (i) the product of (x) the Aggregate OLB for each Eligible Portfolio Asset denominated in Canadian Dollars on such date minus the Excess Concentration Amount on such date for each Eligible Portfolio Asset denominated in Canadian Dollars and (y) the Canadian Dollar Weighted Average Advance Rate, on such date, plus (ii) the amount standing to the credit of the Canadian Dollar Principal Collection Account on such date minus (iii) the Unfunded Exposure Equity Amount with respect to Eligible Portfolio Assets denominated in Canadian Dollars on such date, plus (iv) the amount standing to the credit of the Canadian Dollar Unfunded Exposure Account on such date. “Canadian Dollar Interest Collection Account”: A collective reference to each Securities Account (and any sub-account) created and maintained on the books and records of the Securities Intermediary entitled “Canadian Dollar Interest Collection Account” for the deposit of Canadian Dollars in the name of the Borrower and subject to the Lien of the Administrative Agent for the benefit of the Secured Parties. “Canadian Dollar Principal Collection Account”: A collective reference to each Securities Account (and any sub-account) created and maintained on the books and records of the Securities Intermediary entitled “Canadian Dollar Principal Collection Account” for the deposit of Canadian Dollars in the name of the Borrower and subject to the Lien of the Administrative Agent for the benefit of the Secured Parties. “Canadian Dollar Required Advance Reduction Amount”: As of any date of determination, an amount equal to the greater of (a)(i) Advances Outstanding denominated in Canadian Dollar on such day minus (ii) the Canadian Dollar Borrowing Base on such day and (b) zero. “Canadian Dollar Unfunded Exposure Account”: A collective reference to each Securities Account (and any sub-account) created and maintained on the books and records of the Securities Intermediary entitled “Canadian Dollar Unfunded Exposure Account” for the deposit of Canadian Dollars in the name of the Borrower and subject to the Lien of the Administrative Agent for the benefit of the Secured Parties. “Canadian Dollar Weighted Average Advance Rate”: As of any date of determination with respect to all Eligible Portfolio Assets denominated in Canadian Dollars on such date, (a) the sum of the products for eac...
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Examples of Canadian Dollar Borrowing Base in a sentence

  • The Administrative Agent shall have received from the Borrowers, with a counterpart for each Bank, a U.S. Dollar Borrowing Base Certificate and a Canadian Dollar Borrowing Base Certificate, in each case dated the Closing Date, with appropriate insertions and attachments satisfactory in form and substance to the Administrative Agent, executed by a Responsible Officer of the appropriate Borrower(s).

  • If any Canadian Dollar Borrowing Base Certificate shows that the aggregate amount of the Canadian Dollar Exposure on the date of such Certificate exceeds the Canadian Dollar Borrowing Base on such date, VWR Canada shall prepay the Canadian Dollar Loans on the date such certificate is delivered to the Administrative Agent in an aggregate amount equal to the amount of such excess.

  • If any Canadian Dollar Borrowing Base Certificate shows that the aggregate amount of the Canadian Dollar Revolving Credit Exposure on the date of such Certificate exceeds the Canadian Dollar Borrowing Base on such date, CC Canada shall prepay the Canadian Dollar Revolving Credit Loans on the date such certificate is delivered to the Administrative Agent in an aggregate amount equal to the amount of such excess.

  • The Administrative Agent shall --------------------------- have received from the Borrowers, with a counterpart for each Bank, a U.S. Dollar Borrowing Base Certificate and a Canadian Dollar Borrowing Base Certificate, in each case dated the Closing Date, with appropriate insertions and attachments satisfactory in form and substance to the Administrative Agent, executed by a Responsible Officer of the 76 appropriate Borrower(s).


More Definitions of Canadian Dollar Borrowing Base

Canadian Dollar Borrowing Base. “Euro Borrowing Base”, “GBP Borrowing Base”, “USD Borrowing Base” or “Excess Concentration Amount”, in each case, which would have a material adverse effect on the calculation of the Aggregate Borrowing Base, without the written consent of each Lender; or (h) release all or substantially all of the Collateral or release any Transaction Document (other than as specifically permitted or contemplated in this Agreement or any other Transaction Document) without the written consent of each Lender.
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Related to Canadian Dollar Borrowing Base

  • Euro-Dollar Borrowing has the meaning set forth in Section 1.3.

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

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Eurodollar Borrowing means a Borrowing comprised of Eurodollar Loans.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Canadian Dollar means the lawful currency of Canada.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

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

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Eurocurrency Base Rate means, for such Interest Period:

  • 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.

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

  • LIBOR Borrowing means a Borrowing comprised of LIBOR 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.

  • 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.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • 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;

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Alternative Currency Daily Rate Loan means a Committed 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.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.