Canadian Outstandings definition

Canadian Outstandings means, as of the date of determination, the sum of (a) the Dollar Equivalent of the aggregate outstanding amount of all Canadian Advances plus (b) the Dollar Equivalent of the Canadian Letter of Credit Exposure plus (c) the Dollar Equivalent of the aggregate outstanding amount of all Canadian Swingline Advances.

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Canadian Outstandings means, as of any date of determination, the Dollar Equivalent of the aggregate outstanding amount of all Canadian Advances.

Canadian Outstandings means, with respect to any Canadian Lender, the aggregate principal amount of all outstanding Canadian Loans made by such Canadian Lender to the Canadian Borrower plus the face amount of all outstanding Canadian Bankers' Acceptances accepted by such Canadian Lender or Canadian BA Equivalent Notes purchased by such Canadian Lender.

Examples of Canadian Outstandings in a sentence

No prepayment of Loans is required pursuant to this Section 2.14 or Section 2.05 in the event that the Total Outstandings exceed the Aggregate Commitments by $5,000,000 or less, or the Total Canadian Outstandings exceed the Aggregate Canadian Commitments by $5,000,000 or less, in either event solely due to a change in applicable rates of exchange between Dollars and Canadian Dollars.
No prepayment of Loans is required pursuant to this Section 2.14 or Section 2.05 in the event that the Total Outstandings exceed the Aggregate Commitments by $3,000,000 or less, or the Total Canadian Outstandings exceed the Aggregate Canadian Commitments by $3,000,000 or less, in either event solely due to a change in applicable rates of exchange between Dollars and Canadian Dollars.
Notwithstanding any other provision of this Agreement, Administrative Agent shall have the right at any time and from time to time to calculate the Total Canadian Outstandings at the U.S. Dollar Equivalent thereof in U.S. Dollars for any purposes including making a determination from time to time of the available undrawn portion of the Aggregate Canadian Commitments.
If, on any Computation Date: (i) the Dollar Equivalent of the US Outstandings exceeds the aggregate US Commitments then in effect; or (ii) the Dollar Equivalent of the Canadian Outstandings exceeds the aggregate Canadian Commitments then in effect; then the US Administrative Agent shall give notice thereof to the US Borrower and the US Lenders, and the Canadian Administrative Agent shall give notice thereof to the Canadian Borrower and the Canadian Lenders.
A Bankers’ Acceptance shall be purchased and accepted only if, after giving effect to such purchase and acceptance (i) the Canadian Revolving Credit Exposure of any Canadian Lender shall not exceed such Canadian Lender’s Canadian Commitment, and (ii) the Total Canadian Outstandings shall not exceed the Aggregate Canadian Commitments.
If the Leverage Ratio as of the end of any fiscal quarter is greater than 2.00 to 1.00 and the amount of Canadian Outstandings at any time during such fiscal quarter was greater than $0, then the Parent shall not, nor shall it permit any of its Restricted Subsidiaries to, permit the Canadian Asset Coverage Ratio as of the end of such fiscal quarter to be less than 1.00 to 1.00.
Notwithstanding any other provision of this Agreement, Administrative Agent shall have the right at any time and from time to time to calculate the Total Canadian Outstandings at the US Dollar Equivalent thereof in US Dollars for any purposes including making a determination from time to time of the available undrawn portion of the Aggregate Canadian Commitments.
Each Canadian Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Canadian Advances to the Canadian Borrower from time to time on any Business Day during the period from the Effective Date until the Business Day immediately preceding the Maturity Date; provided that after giving effect to such Canadian Advances, the Canadian Outstandings shall not exceed the aggregate Canadian Commitments in effect at such time.
As used herein, the term “Consenting Lenders” shall mean, at any time, Lenders having aggregate Total Canadian Outstandings, Total U.S. Outstandings and unused Commitments representing more than 66-2/3% of the aggregate Total Canadian Outstandings, Total U.S. Outstandings and unused Commitments at such time.
If, on any Computation Date: (i) the Dollar Equivalent of the US Revolving Outstandings exceeds the aggregate US Revolving Commitments then in effect; or (ii) the Dollar Equivalent of the Canadian Outstandings exceeds the aggregate Canadian Commitments then in effect; then the US Administrative Agent shall give notice thereof to the US Borrower and the US Revolving Lenders, and the Canadian Administrative Agent shall give notice thereof to the Canadian Borrower and the Canadian Lenders.

More Definitions of Canadian Outstandings

Canadian Outstandings means the sum of the aggregate outstanding Dollar Equivalent principal amount of all Canadian Loans plus the unpaid portion of the face amount of all Canadian Banker’s Acceptances.

Canadian Outstandings means, as of any date of determination, the aggregate principal amount of all outstanding Alternative Currency Loans (including, without limitation, the Acceptance Amount).

Canadian Outstandings means, as of any date of determination, the Dollar Equivalent of the aggregate outstanding amount of all Canadian Advances. “Canadian Pension Plans” means each plan that is considered to be a pension plan for the purposes of any applicable pension benefits standards statute

Canadian Outstandings means, as of any time of determination thereof, the U.S. Dollar Equivalent of the sum (without duplication) of the aggregate outstanding principal balance at such time of the Canadian Revolving Loans, the aggregate outstanding principal balance at such time of the Canadian Swingline Loans, the aggregate amount of Letter of Credit Obligations for all Canadian Letters of Credit outstanding at such time and the aggregate outstanding principal balance of Protective Advances made to the Canadian Borrower at such time.

Canadian Outstandings means, on any date of determination, the Equivalent Amount in U.S. Dollars of (a) the aggregate principal amount of all Base Rate Loans or LIBO Rate Loans to the Canadian Subsidiary outstanding on such date of determination, plus (b) the aggregate principal amount of all Letter of Credit Advances outstanding on such date of determination in respect of Letters of Credit issued for the account of the Canadian Subsidiary, plus (c) the aggregate Available Amount of all Letters of Credit issued for the account of the Canadian Subsidiary and outstanding on such date of determination, plus (d) the aggregate face amount of all Bankers' Acceptances outstanding on such date of determination.