Canadian Percentage definition

Canadian Percentage of any Canadian Lender as of any date, shall mean a fraction (expressed as a percentage), the numerator of which is the Commitment of such Canadian Lender and the denominator which is the aggregate Commitments of all Canadian Lenders.

Canadian Percentage means, with respect to any Canadian Lender, the ------------------- percentage of the total Canadian Revolving Loan Sub-Commitments represented by such Lender's Canadian Revolving Loan Sub-Commitment. If a calculation involving the Canadian Percentage is required to be made after the Canadian Revolving Loan Sub-Commitments have terminated or expired, the Canadian Percentages shall be determined based upon the Canadian Revolving Loan Sub-Commitments most recently in effect, giving effect to any assignments.

Canadian Percentage relative to the Canadian Lender and any Canadian Participating Lender, the applicable percentage relating to such Person’s obligation to fund Canadian Revolving Credit Loans pursuant to Section 3.2.6 of the Agreement as set forth opposite its name on Schedule 1.1 to the Agreement, as such percentage may be adjusted from time to time pursuant to assignment agreements executed by such Lender and delivered pursuant to Section 11.9 of the Agreement. A Lender shall not have any Canadian Percentage if its percentage under the Canadian Percentage column is zero or is blank.

Examples of Canadian Percentage in a sentence

• Immediately upon the making of a Swing Line Loan to US Borrower or either Canadian Borrower, each US Lender or Canadian Lender, as the case may be, shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such US Lender’s US Percentage Share, or such Canadian Lender’s Canadian Percentage Share, as appropriate, times the amount of such Swing Line Loan.

• Until each Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.10A to refinance such US Lender’s US Percentage Share or such Canadian Lender’s Canadian Percentage Share, as appropriate, of any Swing Line Loan, interest in respect of such US Percentage Share or Canadian Percentage Share shall be solely for the account of the Swing Line Lender.

• A Lender shall not have any Canadian Percentage if its percentage under the Canadian Percentage column is zero or is blank.

• Cumulative of the foregoing, each Lender agrees to reimburse each Agent promptly upon demand for such Lender’s US Percentage Share or Canadian Percentage Share, as the case may be, of any costs and expenses to be paid to such Agent by US Borrower or Canadian Borrowers under Section 10.4(a) to the extent that such Agent is not timely reimbursed for such expenses by such Persons as provided in such section.

• Upon the making of each such Canadian Revolving Credit Loan and subject to Section 3.2.6, each Canadian Participating Lender shall be deemed to have irrevocably and unconditionally purchased from the Canadian Lender, without recourse or warranty, an undivided interest and participation in each Canadian Revolving Credit Loan to the extent of such Canadian Participating Lender's Canadian Percentage thereof.

More Definitions of Canadian Percentage

Canadian Percentage means, as to any Canadian Lender at any time, the percentage equivalent (expressed as a decimal, rounded to the ninth decimal place) at such time of such Canadian Lender's portion of the Canadian Commitment divided by the amount of the Canadian Commitment. The initial Canadian Percentage of each Canadian Lender is set forth on Schedule 1.1A, and each Canadian Lender's Canadian Percentage shall change simultaneously with any assignment by or to such Canadian Lender pursuant to Section 11.8. Canadian Security Agreement - see Section 6.1(g).

Canadian Percentage means, relative to any Canadian Lender, the applicable percentage relating to Canadian Revolving Loans as set forth opposite its name on SCHEDULE II hereto or set forth in a Lender Assignment Agreement, as such percentage may be adjusted from time to time (a) pursuant to Lender Assignment Agreement(s) executed by such Lender and its Assignee Lender(s) and delivered pursuant to SECTION 12.11.1 or (b) by a reallocation pursuant to SECTION 3.2.2.

Canadian Percentage means, for any Bank, the percentage which such Bank's Commitment is of the aggregate amount of the Commitments of all Canadian Banks. The Canadian Percentage for each Canadian Bank as of the date of this Agreement is set forth under the heading "Canadian Percentage on Schedule 1 opposite such Bank's name.

Canadian Percentage means with respect to each Canadian Lender the percentage of such Lender's Canadian Loans, which is set forth on Exhibit A annexed hereto and made a part hereof.

Canadian Percentage means, with respect to any Lender, a percentage equal to the Canadian Pro Rata Share of such Lender on the Signing Date plus any portion of any other Lender’s Canadian Percentage that has been assigned to such Lender minus any portion of such Lender’s Canadian Percentage that has been assigned to another Lender.

Canadian Percentage with respect to any Canadian Revolving Credit Lender, the percentage of the total Canadian Revolving Credit Commitments represented by such Lender’s Canadian Revolving Credit Commitment. If the Canadian Revolving Credit Commitments have terminated or expired, the Canadian Percentages shall be determined based upon the Canadian Revolving Credit Commitments most recently in effect, giving effect to any assignments. The Canadian Percentage shall be adjusted appropriately, as determined by the Administrative Agent, in accordance with Section 2.19(c) to disregard the Canadian Revolving Credit Commitment of Defaulting Lenders.

Canadian Percentage has the meaning specified in Section 2.16.