Canadian Loans definition

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.

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Canadian Loans means "Loans" as defined in the Canadian Credit Agreement.

Canadian Loans means, at any time, the sum of the aggregate Dollar Equivalent of (a) the aggregate amount of Revolving Credit Advances outstanding to the Canadian Borrowers plus (b) the aggregate Canadian Borrowers’ Letter of Credit Obligations. Unless the context otherwise requires, references to the outstanding principal balance of the Canadian Loans shall include the outstanding balance of the Canadian Borrowers’ Letter of Credit Obligations.

Examples of Canadian Loans in a sentence

• Canadian Loans and participations in Canadian Swingline Loans and Canadian Letters of Credit will be funded by each Canadian Lender pro rata in accordance with its Applicable Percentage of the Canadian Commitments.

• The Canadian Loans comprising each Canadian Base Rate Borrowing shall bear interest at the Canadian Prime Rate plus the Applicable Rate.

• Changes in such interest rate shall cause an immediate adjustment of the interest rate applicable to such Canadian Loans without the necessity of any notice to Canadian Borrower.

• Interest on each Participant’s Canadian Funded Participation shall be payable by the Servicer to the Participants in Canadian Dollars on each Participant Canadian Monthly Payment Date from interest payments received on the Canadian Loans on such Participant Canadian Monthly Payment Date for the preceding Payment Period and from other amounts received from the Sponsor.

• All fundings by the Participants with respect to Canadian Loans shall be made in Canadian Dollars, and all fundings by the Participants with respect to US Loans shall be made in US Dollars.

More Definitions of Canadian Loans

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

Canadian Loans means, collectively, the Loans made by the Canadian Lenders pursuant to ARTICLE II.

Canadian Loans means, collectively, the Canadian Revolving Loan and the Canadian Dollars Swing Line Loan.

Canadian Loans means Loans made by a Canadian Lender.

Canadian Loans means the “Loans” as such term is defined under the Canadian Loan Agreement.

Canadian Loans means Canadian Revolving Credit Advances and Canadian Swing Line Advances.

Canadian Loans means Loans denominated in Canadian dollars.