Canadian Protective Advances definition

Canadian Protective Advances shall have the meaning assigned to such term in Section 2.18.
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Canadian Protective Advances as defined in Section 2.1.6.
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Canadian Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.
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Examples of Canadian Protective Advances in a sentence

  • All U.S. Protective Advances shall constitute U.S. Obligations and all Canadian Protective Advances shall constitute Canadian Obligations.

  • Canadian Lenders shall participate on a Pro Rata basis in Canadian Protective Advances outstanding from time to time.

  • All U.S. Protective Advances and Canadian Protective Advances denominated in dollars shall be ABR Borrowings, and all Canadian Protective Advances denominated in Canadian Dollars shall be Canadian Prime Rate Borrowings.

  • The (i) U.S. Protective Advances shall be secured by the Liens in favor of the Administrative Agent (for the benefit of the Lender Parties) in and to the Collateral of the U.S. Loan Parties; and (ii) Canadian Protective Advances shall be secured by the Liens in favor of the Administrative Agent (for the benefit of the Canadian Lender Parties) in and to the Collateral of the Loan Parties.

  • Canadian Protective Advances may be made even if the conditions precedent set forth in Section 4.02 have not been satisfied.

  • The Canadian Protective Advances shall be secured by the Liens in favor of the Canadian Collateral Agent in and to the Collateral owned by the Canadian Loan Parties and shall constitute Canadian Secured Obligations hereunder.

  • All Facility A Protective Advances and Canadian Protective Advances denominated in dollars shall be ABR Borrowings, all Canadian Protective Advances denominated in Canadian Dollars shall be Canadian Prime Rate Borrowings and all Facility B Protective Advances denominated in dollars, Euros, Sterling or Yen and all US Protective Advances denominated in Canadian Dollars shall be Overnight LIBO Borrowings.

  • The Canadian Administrative Agent’s authorization to make Canadian Protective Advances may be revoked at any time by the Supermajority Revolving Lenders.

  • The Canadian Protective Advances shall be made by the Agent through its Canada branch and shall be secured by the Agent’s Liens on the Collateral securing payment of the Canadian Obligations and shall constitute Canadian Prime Rate Loans, if funded in Canadian Dollars, or Canadian Base Rate Loans, if funded in Dollars, and Canadian Obligations hereunder.

  • Canadian Protective Advances and/or U.S. Protective Advances, as the context requires.


More Definitions of Canadian Protective Advances

Canadian Protective Advances is defined in Section 2.2(e)(i).
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Canadian Protective Advances has the meaning specified in Section 2.01(g).
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Canadian Protective Advances the French Revolving Loans described in this Section 2.01(3)(iii), “French Protective Advances”, the European Revolving Loans described in this Section 2.01(3)(iv), “German Protective Advances”, the European Revolving Loans described in this Section 2.01(3)(v), “Spanish Protective Advances” and the European Revolving Loans described in this Section 2.01(3)(vi), “U.K. Protective Advances”); provided that (i) with respect to U.S. Protective Advances, in no event will the U.S. Revolving Facility Credit Exposure and the Canadian Borrower Revolving Facility Credit Exposure exceed the aggregate U.S./Canadian Revolving Facility Commitments, (ii) with respect to Canadian Protective Advances, in no event will the Canadian Borrower Revolving Facility Credit Exposure and the U.S. Revolving Facility Credit Exposure exceed the aggregate U.S./Canadian Revolving Facility Commitments, (iii) with respect to French Protective Advances, in no event will the French Revolving Facility Credit Exposure exceed the aggregate French Revolving Facility Commitments, (iv) with respect to German Protective Advances, in no event will the German Revolving Facility Credit Exposure, the Spanish Revolving Facility Credit Exposure and the U.K. Revolving Facility Credit Exposure exceed the aggregate European Revolving Facility Commitments, (v) with respect to Spanish Protective Advances, in no event will the Spanish Revolving Facility Credit Exposure, the German Revolving Facility Credit Exposure and the U.K. Revolving Facility Credit Exposure exceed the aggregate European Revolving Facility Commitments and (vi) with respect to U.K. Protective Advances, in no event will the U.K. Revolving Facility Credit Exposure, the Spanish Revolving Facility Credit Exposure and the German Revolving Facility Credit Exposure exceed the aggregate European Revolving Facility Commitments and (vii) the Required Lenders under the Revolving Facility may at any time revoke the Administrative Agent’s authorization to make future Protective Advances; provided, further, that any such revocation must be in writing and will become effective prospectively upon the Administrative Agent’s receipt thereof and existing Protective Advances will not be subject to thereto. Each applicable Revolving Lender will be obligated to advance to the Borrowers its applicable Revolving Facility Percentage of each Protective Advance made in accordance with this Section 2.01(3). If Protective Advances are made in accordance with the precedi...
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Canadian Protective Advances shall have the meaning provided in Section 2.18Real Estate" shall mean Real Property owned by the Canadian Borrowers.
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Related to Canadian Protective Advances

  • Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.

  • Protective Advance has the meaning assigned to such term in Section 2.04.

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

  • 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.

  • Swing Loans means collectively and “Swing Loan” shall mean separately all Swing Loans or any Swing Loan made by the Swingline Lender to the Borrower pursuant to Section 2.6.3 [Making Swing Loans].

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

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

  • Swingline Loans as defined in Section 2.6.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Revolving Advances means Advances made other than Letters of Credit.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • U.S. Swingline Loan means any swingline loan denominated in Dollars made by the applicable Swingline Lender to a US Borrower pursuant to Section 2.2, and all such swingline loans collectively as the context requires.

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

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • 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

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

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

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Revolving Credit Loans as defined in Section 2.1.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.