Canadian Revolver Commitments definition

Canadian Revolver Commitments means the aggregate amount of such commitments of all Canadian Lenders.

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Canadian Revolver Commitments means the “Canadian Revolver Commitments,” as that term is defined in the Revolver Credit Agreement (as in effect on the date of this Agreement).

Canadian Revolver Commitments means the aggregate amount of such commitments of all Canadian Lenders. Canadian Revolver Commitment Termination Date: the earliest of (a) the U.S./European Revolver Commitment Termination Date (without regard to the reason therefor), (b) the date on which Loan Party Agent terminates or reduces to zero (0) all of the Canadian Revolver Commitments pursuant to Section 2.1.4, and (c) the date on which the Canadian Revolver Commitments are terminated pursuant to Section 11.2. Canadian Revolver Exposure: on any date, an amount equal to the sum of the Dollar Equivalent of the Canadian Revolver Loans outstanding on such date plus the Canadian LC Obligations (excluding amounts specified in clause (c) of such definition) on such date.

Examples of Canadian Revolver Commitments in a sentence

If the U.S. Borrower elects to reduce to zero (0) or terminate the U.S. Revolver Commitments pursuant to the previous sentence, the Canadian Revolver Commitments shall automatically terminate concurrently with the termination of the U.S. Revolver Commitments.
Without limiting the foregoing, (A) each reduction in the Maximum Canadian Facility Amount and the Canadian Revolver Commitments shall in no event exceed Canadian Availability and be in a minimum amount of $5,000,000, and (B) each reduction in the Maximum U.S. Facility Amount and the U.S. Revolver Commitments shall in no event exceed U.S. Availability and be in a minimum amount of $5,000,000.
In no event shall Overadvance Loans be required that would cause (i) the Canadian Revolver Exposure to exceed the aggregate Canadian Revolver Commitments or (ii) the U.S. Revolver Exposure to exceed the aggregate U.S. Revolver Commitments.
In no event shall Protective Advances be AmericasActive:19663285.13 85 required that would cause (x) the outstanding U.S. Revolver Loans and U.S. LC Obligations to exceed the aggregate U.S. Revolver Commitments or (y) the outstanding Canadian Revolver Loans and Canadian LC Obligations to exceed the aggregate Canadian Revolver Commitments.
If the Canadian Borrower fails to provide any Cash Collateral as required hereunder, Canadian Lenders may (and shall upon direction of Agent) advance, as Canadian Revolver Loans, the amount of the Cash Collateral required (whether or not the Canadian Revolver Commitments have terminated, any Canadian Overadvance exists or is created thereby or the conditions in Section 6 are satisfied).
Each Canadian Lender’s obligation to make settlements with Agent, on behalf of Bank of America (Canada), is absolute and unconditional, without offset, counterclaim or other defense, and whether or not the Canadian Revolver Commitments have terminated, a Canadian Overadvance exists or the conditions in Section 6 are satisfied.
Whether or not Loan Party Agent submits a Notice of Borrowing, the Canadian Borrower shall be deemed to have requested a Borrowing of Canadian Base Rate Loans in an amount necessary to pay all amounts due Canadian Issuing Bank on any Canadian Reimbursement Date and each Canadian Lender agrees to fund its Pro Rata share of such Borrowing whether or not the Canadian Revolver Commitments have terminated, any Canadian Overadvance exists or is created thereby, or the conditions in Section 6 are satisfied.

More Definitions of Canadian Revolver Commitments

Canadian Revolver Commitments means the aggregate amount of such commitments of all Canadian Lenders. [On the Closing Date and at all times prior to the Fifth Amendment Effective Date, the Canadian Revolver Commitments are Cdn. $115,000,000, and, as of the Fifth]As of the Ninth Amendment Effective Date, the Canadian Revolver Commitments are Cdn. $110,000,000. Canadian Revolver Excess Availability - as of any date of determination, an amount equal to the Canadian Borrowing Capacity, minus the Total Canadian Revolver Outstandings. Canadian Revolver Loans - (a) a Loan made pursuant to Section 2.1.1(c), (b) any Swingline Loan for the account of the Canadian Borrower, (c) any Overadvance Loan for the account of the Canadian Borrower deemed by the Canadian Agent to be a Canadian Revolver Loan or (d) any Protective Advance deemed by the Canadian Agent to be a Canadian Revolver Loan.

Canadian Revolver Commitments means the aggregate amount of Canadian Revolver Commitments of all Canadian Lenders. Canadian Revolver Loan: a loan made by Canadian Lenders to Canadian Borrowers pursuant to Section 2.1(a)(i) , which Revolver Loan shall, if denominated in Canadian Dollars, be either a Canadian BA Rate Revolver Loan or a Canadian Prime Rate Revolver Loan and, if denominated in Dollars, shall be either a Canadian Base Rate Revolver Loan or a Canadian LIBOR Loan, in each case as selected by Canadian Borrowers or the Borrower Agent, and including any Canadian Swingline Loan, Canadian Overadvance Loan or Canadian Protective Advance.

Canadian Revolver Commitments means the aggregate amount of such commitments of all Canadian Lenders. On the Closing Date and at all times prior to the Fifth Amendment Effective Date, the Canadian Revolver Commitments are Cdn. $[115,000,000.]115,000,000, and, as of the Fifth Amendment Effective Date, the Canadian Revolver Commitments are Cdn. $110,000,000. Canadian Revolver Excess Availability - as of any date of determination, an amount equal to the Canadian Borrowing Capacity, minus the Total Canadian Revolver Outstandings. Canadian Revolver Loans - (a) a Loan made pursuant to Section 2.1.1(c), (b) any Swingline Loan for the account of the Canadian Borrower, (c) any Overadvance Loan for the account of the Canadian Borrower deemed by the Canadian Agent to be a Canadian Revolver Loan or (d) any Protective Advance deemed by the Canadian Agent to be a Canadian Revolver Loan. Canadian Revolver Note - a promissory note to be executed by the Canadian Borrower in favor of a Canadian Lender in the form of Exhibit B, which shall be in the amount of such Canadian Lender’s Canadian Revolver Commitment and shall evidence the Canadian Revolver Loans made by such Canadian Lender. Canadian Revolver Overadvance - as defined in Section 2.1.4.

Canadian Revolver Commitments means the aggregate amount of such commitments of all Canadian Lenders. On the Closing Date, the Canadian Revolver Commitments are Cdn. $115,000,000. Canadian Revolver Excess Availability - as of any date of determination, an amount equal to the Canadian Borrowing Capacity, minus the Total Canadian Revolver Outstandings. Canadian Revolver Loans - (a) a Loan made pursuant to Section 2.1.1(c), (b) any Swingline Loan for the account of the Canadian Borrower, (c) any Overadvance Loan for the account of the Canadian Borrower deemed by the Canadian Agent to be a Canadian Revolver Loan or (d) any Protective Advance deemed by the Canadian Agent to be a Canadian Revolver Loan. Canadian Revolver Note - a promissory note to be executed by the Canadian Borrower in favor of a Canadian Lender in the form of Exhibit B, which shall be in the amount of such Canadian Lender’s Canadian Revolver Commitment and shall evidence the Canadian Revolver Loans made by such Canadian Lender. Canadian Revolver Overadvance - as defined in Section 2.1.4.

Canadian Revolver Commitments means the aggregate principal amount of the Canadian Revolver Commitments of all Canadian Lenders, the maximum amount of which on any date shall equal the Canadian Revolver Facility Amount. Canadian Revolver Commitment Increase Lender - as defined in Section 2.1.9(g). Canadian Revolver Exposure - on any date, an amount equal to the Dollar Equivalent of the sum of the Canadian Revolver Loans outstanding on such date plus the Canadian LC Obligations on such date. Canadian Revolver Facility Amount - an amount in Canadian Dollars having a Dollar Equivalent of $20,000,000, as such Canadian Facility Amount may be adjusted from time to time in accordance with the provisions of Sections 2.1.6, 2.1.9, and 11.2. Canadian Revolver Loans - Revolver Loans made by Canadian Lenders to Canadian Borrower pursuant to Section 2.1.2, which Revolver Loans shall, if denominated in Canadian Dollars, be either a Canadian BA Rate Loan or a Canadian Prime Rate Loan, or, if denominated in Dollars, be either a Canadian Base Rate Loan or a LIBOR Loan, in each case as selected by Canadian Borrower.