Canadian Protective Advance definition
Canadian Protective Advance has the meaning assigned to such term in Section 2.04(a).
Canadian Protective Advance means a Protective Advance made to, on behalf of or in respect of a Canadian Borrower.
Canadian Protective Advance has the meaning assigned to such term in Section 2.4(b).
Examples of Canadian Protective Advance in a sentence
At any time that the making of such Canadian Revolving Loan would not violate the Revolving Exposure Limitations and the conditions precedent set forth in Section 4.02 have been satisfied, the Administrative Agent may request the Revolving Lenders to make a Canadian Revolving Loan in Dollars to repay any Canadian Protective Advance.
At any other time the Administrative Agent may require the Revolving Lenders to fund in Dollars their risk participations described in Section 2.04(b) in any Canadian Protective Advance.
More Definitions of Canadian Protective Advance
Canadian Protective Advance means a Protective Advance made to, on behalf of or in respect of a Canadian Borrower. “Canadian Revolving Exposure” means, with respect to any Lender at any time, the sum of (a) the outstanding principal amount of such ▇▇▇▇▇▇’s Canadian Revolving Loans and Canadian Swingline Exposure at such time, plus (b) an amount equal to its Applicable Percentage of the aggregate principal amount of Canadian Overadvances and Canadian Protective Advances outstanding at such time. “Canadian Revolving Loan” means a Revolving Loan made by the Revolving Lenders to any Canadian Borrower. “Canadian Secured Obligations” means all Canadian Obligations together with all (a) Banking Services Obligations of the Canadian Loan Parties and (b) Swap Agreement Obligations of the Canadian Loan Parties owing to one or more Qualified Counterparties; provided that Excluded Swap Obligations with respect to any Loan Party shall not be Canadian Secured Obligations of such Loan Party. “Canadian Security Agreements” means each of the Canadian Security Agreement, in form and substance reasonably satisfactory to the Administrative Agent and the Lenders, dated as of the Closing Date, among the Canadian Loan Parties and the Administrative Agent, and, as the context requires, any other pledge or security agreement or deed of hypothec entered into, after the Closing Date by any other Canadian Loan Party (as required by this Agreement or any other Loan Document), as the same may be amended, restated, supplemented or otherwise modified from time to time. “Canadian Sublimit” means $55,000,00060,000,000. “Canadian Subsidiary” means any Subsidiary of the Company that has been formed or is organized under the laws of Canada or any province or territory thereof. “Canadian Swingline Exposure” means, at any time, the aggregate amount of all outstanding Canadian Swingline Loans at such time. The Canadian Swingline Exposure of any Lender at any time shall be its Applicable Percentage of the total Canadian Swingline Exposure at such time. “Canadian Swingline Loan” means a Swingline Loan made to a Canadian Borrower. “Capital Expenditures” means expenditures made or liabilities incurred for the acquisition of any fixed assets or improvements (or of any replacements or substitutions thereof or additions thereto) which have a useful life of more than one year and which, in accordance with GAAP, would be classified as capital expenditures. “Cash Collateralize” has the meaning assigned to such term in Section 2.06(j)...
Canadian Protective Advance means a Protective Advance made to, on behalf of or in respect of a Canadian Borrower. “Canadian Revolving Exposure” means, with respect to any Lender at any time, the sum of (a) the outstanding principal amount of such ▇▇▇▇▇▇’s Canadian Revolving Loans and Canadian Swingline Exposure at such time, plus (b) an amount equal to its Applicable Percentage of the aggregate principal amount of Canadian Overadvances and Canadian Protective Advances outstanding at such time.
Canadian Protective Advance is hereby amended by deleting the phrase “the Company” and replacing it with the phrase “a Canadian Co-Borrower”.
Canadian Protective Advance as defined in Section 2.22(b).
Canadian Protective Advance has the meaning specified therefor in Section 2.3(f) of the Agreement.
Canadian Protective Advance as defined in Section 2.1.6(b). Canadian Security Agreement: the Amended and Restated Security Agreement, dated as of even date herewith, by the Canadian Borrower in favor of the Canadian Agent, for itself and certain other Lenders.