Canadian Exposure definition

Canadian Exposure means, with respect to any Canadian Lender, at any time, the sum of the Dollar Equivalent of the aggregate principal amount of its Canadian Revolving Loans outstanding at such time, plus an amount equal to its Pro Rata Share of the Dollar Equivalent of the aggregate amount of Canadian LC Obligations outstanding at such time, plus an amount equal to its Pro Rata Share of the Dollar Equivalent of the aggregate principal amount of Protective Advances made by the Canadian Correspondent Lender and outstanding at such time.

Canadian Exposure means, as to any Canadian Lender (a) prior to the termination of the Canadian Commitment, such Canadian Lender’s Canadian Commitment and (b) after the termination of the Canadian Commitment, the Total Canadian Outstandings for such Canadian Lender.

Canadian Exposure means the aggregate principal amount at such time of all outstanding Loans to Canadian Borrowers denominated in Canadian Dollars.

Examples of Canadian Exposure in a sentence

• For purposes of computing commitment fees, a Commitment of a Lender shall be deemed to be used to the extent of the U.S. Exposure or Canadian Exposure (as applicable).

• In no event shall the Dollar Equivalent of the aggregate face amount (without discount) of all outstanding Canadian Bankers Acceptances exceed the Maximum Canadian Exposure minus the sum of the outstanding principal amount of all Canadian Loans (expressed in its Dollar Equivalent thereof), plus the Canadian Letter of Credit Obligations (expressed in its Dollar Equivalent thereof).

• Canadian Borrowers shall not request a Canadian Revolving Loan (and the Canadian Banks shall not be obligated to make a Canadian Revolving Loan) if, after giving effect thereto, (a) the Canadian Exposure would exceed the Dollar Equivalent of the Canadian Revolving Credit Commitment, or (b) the sum of (i) the UK Exposure, (ii) the U.S. Revolving Exposure, (iii) the Canadian Exposure and (iv) the U.S. Letter of Credit Exposure would exceed the aggregate amount of the Revolving Credit Commitments.

• UK Borrowers shall not request a UK Revolving Loan (and the Banks shall not be obligated to make a UK Revolving Loan) if, after giving effect thereto, (i) the UK Exposure would exceed the amount of the UK Revolving Credit Commitment, or (ii) the sum of (A) the UK Exposure, (B) the U.S. Revolving Exposure, (C) the Canadian Exposure and (D) the U.S. Letter of Credit Exposure would exceed the aggregate amount of the Revolving Credit Commitments.

• Canadian Borrowers shall not request a Canadian Revolving Loan (and the Canadian Banks shall not be obligated to make a Canadian Revolving Loan) if, after giving effect thereto, (a) the Canadian Exposure would exceed the Canadian Revolving Credit Commitment, or (b) the sum of (i) the UK Exposure, (ii) the U.S. Revolving Exposure, (iii) the Canadian Exposure and (iv) the U.S. Letter of Credit Exposure would exceed the Maximum Revolving Credit Commitment Amount.

More Definitions of Canadian Exposure

Canadian Exposure means the Dollar Equivalent of the aggregate principal amount of Revolving Loans to Canadian Borrower.

Canadian Exposure means, at any time, the aggregate principal amount of outstanding Acceptance Exposure, Canadian Loans and Canadian L/C Exposure at such time, in each case expressed in U.S. Dollars. The Canadian Exposure of any Canadian Lender at any time shall be the sum of its Acceptance Exposure and Canadian L/C Exposure plus the aggregate principal amount of its outstanding Canadian Loans at such time, in each case expressed in U.S. Dollars.

Canadian Exposure means, with respect to any Canadian Lender at any time, the Outstanding Amount of Canadian Loans of such Lender plus such Lender’s Pro Rata Share of the Outstanding Amount of L/C Obligations with respect to Canadian Letters of Credit plus such Lender’s Pro Rata Share of the Outstanding Amount of Canadian Swing Line Loans.

Canadian Exposure means, at any time, the sum of the Assigned Dollar Values of outstanding Canadian Advances at such time.

Canadian Exposure means with respect to any Canadian Lender as of any date of determination, the Canadian Commitments of such Canadian Lender or, if the Commitments have been terminated, the sum of (a) the aggregate outstanding principal amount of all Canadian Loans (valued in Dollar Equivalents as of such date of determination) of that Canadian Lender plus (b) in the event such Canadian Lender (or a Lender in its Lending Unit) is an Issuing Lender, the aggregate Letter of Credit Usage in respect of all Canadian Letters of Credit issued by such Canadian Lender (or such Lender in that Lending Unit) (in each case net of any participations purchased by other Canadian Lenders in such Canadian Letters of Credit or any unreimbursed drawings thereunder (valued in Dollar Equivalents as of such date of determination)) plus (c) the aggregate amount of all participations purchased by that Canadian Lender in any outstanding Canadian Letters of Credit or any unreimbursed drawings under any Canadian Letter of Credit (valued in Dollar Equivalents as of such date of determination) plus (d) the BA Usage of that Canadian Lender.

Canadian Exposure means, with respect to any Canadian Lender at any time, the Outstanding Amount of Canadian Loans of such Lender plus such Lender's Pro Rata Share of the Outstanding Amount of L/C Obligations with respect to Canadian Letters of Credit plus such Lender's Pro Rata Share of the Outstanding Amount of Canadian Swing Line Loans.

Canadian Exposure means the aggregate principal amount at such time of all outstanding Loans to Canadian Borrowers denominated in CanadianDollars.