Canadian Extensions of Credit definition

Canadian Extensions of Credit means the "Extensions of Credit" as defined in the Canadian Credit Agreement.
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Canadian Extensions of Credit as to any Canadian Lender at any time, an amount equal to the Dollar Equivalent of the aggregate principal amount of all Loans made under the Canadian Commitments held by such Lender then outstanding.
Sample 1

Examples of Canadian Extensions of Credit in a sentence

  • Unless otherwise specified, for purposes of this Agreement, any determination of the amount of any outstanding Canadian Extensions of Credit (including, without limitation, Canadian Loans) or Canadian Obligations shall be based upon the Dollar Amount of such outstanding Canadian Extensions of Credit (including, without limitation, Canadian Loans) or Canadian Obligations.

  • Notwithstanding anything to the contrary contained in this Agreement, in no event may C$ R/C Loans or Bankers' Acceptances be borrowed or issued under this Section 3.1 if, after giving effect thereto and the application of the proceeds thereof, the Aggregate Canadian Extensions of Credit of any C$ Bank then outstanding would exceed such C$ Bank's Canadian Commitment.

  • Each Credit Party hereby acknowledges and confirms that (a) Exhibit B hereto sets forth the aggregate principal amount of all outstanding Extensions of Credit and Canadian Extensions of Credit (excluding the Canadian Additional Credit Loans and treating the entire Swingline Commitment (as defined in the Canadian Credit Agreement) as outstanding) as of the date hereof and (b) that such amounts are not subject to any defense, counterclaim, recoupment or offset of any kind.

  • If at any time the Canadian Revolving Credit Outstandings exceed the Canadian Revolving Credit Commitment, the Canadian Borrower agrees to repay immediately upon notice from the Administrative Agent, by payment to the Administrative Agent for the account of the Canadian Revolving Credit Lenders, Canadian Extensions of Credit in an amount equal to such excess with each such repayment applied to the principal amount of outstanding Canadian Revolving Credit Loans.

  • Chrysler Canada shall have the right, upon not less than five Business Days' notice to the Administrative Agent, to terminate the Canadian Commitments or, from time to time, reduce the amount of the Canadian Commitments; provided, that, after giving effect thereto and any contemporaneous prepayment of the C$ Loans, the Aggregate Canadian Extensions of Credit of each C$ Bank shall be no greater than such Bank's Canadian Commitment.

  • The collective judgment is then equal to the judgment of the winning sect.

  • Notwithstanding anything to the contrary contained in this Agreement, in no event may C$ Prime Loans or Bankers' Acceptances be borrowed or issued under this subsection 3.1 if, after giving effect thereto and the application of the proceeds thereof, the Aggregate Canadian Extensions of Credit of any C$ Bank then outstanding would exceed such C$ Bank's Canadian Commitment.

  • Notwithstanding anything to the contrary contained in this Agreement, in no event may C$ L/F Loans be borrowed under this Section 3.4 if, after giving effect thereto and the application of the proceeds thereof, the Aggregate Canadian Extensions of Credit of any C$ Bank then outstanding would exceed such Bank's Canadian Commitment.

  • No Canadian Letter of Credit shall be issued hereunder if, after giving effect thereto, (a) the aggregate face amount of the Canadian Letters of Credit then outstanding plus the aggregate unreimbursed amount of drawings under Canadian Letters of Credit would exceed the Canadian L/C Commitment, (b) the aggregate Canadian Extensions of Credit would exceed the Total Canadian Commitment at that time, or (c) the Total Outstandings would exceed the Total Commitments.

Related to Canadian Extensions of Credit

  • Revolving Extensions of Credit as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.

  • Total Extensions of Credit at any time, the aggregate amount of the Extensions of Credit of the Lenders outstanding at such time.

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • Extensions of Credit means, as to any Lender at any time, (a) an amount equal to the sum of (i) the aggregate principal amount of all Revolving Credit Loans made by such Lender then outstanding, (ii) such Lender’s Commitment Percentage of the L/C Obligations then outstanding and (iii) such Lender’s Commitment Percentage of the Swingline Loans then outstanding, or (b) the making of any Loan or participation in any Letter of Credit by such Lender, as the context requires.

  • Aggregate Outstanding Extensions of Credit as to any Lender with respect to any Type of Loan at any time, an amount equal to the sum of (a) the aggregate principal amount of all Loans of such Type made by such Lender then outstanding and (b) such Lender's Commitment Percentage of the L/C Obligations then outstanding.

  • Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments.

  • Dollar Letters of Credit means Letters of Credit that utilize the Dollar Commitments.

  • Existing Letters of Credit means the letters of credit issued and outstanding under the Existing Credit Agreement as set forth on Schedule 2.22.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.

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

  • Letters of Credit as defined in Section 3.1(a).

  • Trade Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

  • Outstanding Letters of Credit shall have the meaning given such term in Section 2.02(j).

  • Revolving Loans as defined in Section 2.4(a).

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Letter of Credit Accommodations means, collectively, the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Agent or any Lender for the account of any Borrower or Obligor or (b) with respect to which Agent or Lenders have agreed to indemnify the issuer or guaranteed to the issuer the performance by any Borrower or Obligor of its obligations to such issuer; sometimes being referred to herein individually as "Letter of Credit Accommodation".

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

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

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Revolving Credit means the credit facility for making Revolving Loans and issuing Letters of Credit described in Sections 1.1 and 1.2 hereof.

  • Extension of Credit means, as to any Lender, the making of a Loan by such Lender or the issuance of, or participation in, a Letter of Credit by such Lender.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.