Canadian Revolving Borrower definition

Canadian Revolving Borrower means Silgan Canada and any other Canadian Subsidiary that becomes a Revolving Borrower hereunder pursuant to Section 6.04(b); it being understood that Canadian Revolving Borrowers shall only be permitted to incur Canadian Revolving Loans under this Agreement.
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Canadian Revolving Borrower means Silgan Canada and any other Canadian Subsidiary that becomes a Revolving Borrower hereunder pursuant to Section 5.03(b); it being understood that Canadian Revolving Borrowers shall only be permitted to incur Canadian Revolving Loans under this Agreement.
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Canadian Revolving Borrower. Means any Canadian Borrower which is an obligor with respect to Canadian Revolving Credit Loans.
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Examples of Canadian Revolving Borrower in a sentence

  • Each Draft presented by a Canadian Revolving Borrower shall (i) be in a minimum Face Amount of Cdn.

  • The signature of any officer of any Canadian Revolving Borrower on a Draft may be mechanically reproduced and B/A Instruments bearing facsimile signature shall be binding upon such Canadian Revolving Borrower as if it had been manually signed.

  • Even if the individuals whose manual or facsimile signature appears on any B/A Instrument no longer hold office on the date of signature, at the date of its acceptance by a Canadian Revolving Lender or at any time after such date, any B/A Instrument so signed shall be valid and binding upon each Canadian Revolving Borrower.

  • Each Canadian Revolving Borrower is hereby authorized to issue such Bankers’ Acceptances endorsed in blank in such Face Amounts as may be determined by such Canadian Revolving Lender, provided that the aggregate amount thereof is equal to the aggregate amount of Bankers’ Acceptances required to be accepted by such Canadian Revolving Lender.

  • Each Canadian Revolving Lender will exercise such care in the custody and safekeeping of Drafts as it would exercise in the custody and safekeeping of similar property owned by it and will, upon request by any Canadian Revolving Borrower, promptly advise such Canadian Revolving Borrower of the number and designations, if any, of uncompleted Drafts held by it for such Canadian Revolving Borrower.

  • Each conversion pursuant to this Section 2.06(b) shall be effected by the relevant Canadian Revolving Borrower by giving the Administrative Agent at the applicable Notice Office prior to 1:00 P.M. (Local Time) at least three (3) Business Days’ prior notice in the form of Exhibit A-2, appropriately completed to specify the Canadian Prime Rate Loans to be so converted into CDOR Rate Loans.

  • Xxxxxx, III Title: Executive Vice President and Treasurer EDGEN XXXXXX CANADA INC., as Canadian Revolving Borrower, First Lien Term Loan Guarantor and Revolving Guarantor By: /s/ Xxxxx X.

  • Each conversion pursuant to thisSection 2.06(b) shall be effected by the relevant Canadian Revolving Borrower by giving the Administrative Agent at the applicable Notice Office prior to 1:00 P.M. (Local Time) at least three (3) Business Days’ prior notice in the form of Exhibit A-2, appropriately completed to specify the Canadian Prime Rate Loans to be so converted into CDOR Rate Loans.

  • Notwithstanding anything to the contrary set forth in this Revolving Credit Note, no Canadian Revolving Borrower shall have any liability with respect to a Revolving Credit Loan made to a US Revolving Borrower, any Letters of Credit issued for the account of a US Loan Party or other Obligation for which a US Loan Party is the primary obligor.

  • To enable the Canadian Revolving Lenders to create Bankers’ Acceptances or complete Drafts in the manner specified in this Schedule X and the Credit Agreement, each Canadian Revolving Borrower shall supply each Canadian Revolving Lender with such number of Drafts as it may reasonably request, duly endorsed and executed on behalf of such Canadian Revolving Borrower.


More Definitions of Canadian Revolving Borrower

Canadian Revolving Borrower has the meaning assigned to such term in the Preamble to this Agreement.
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Related to Canadian Revolving Borrower

  • 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.

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

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

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment, in its capacity as such.

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

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

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

  • Canadian Borrower as defined in the preamble hereto.

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

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

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

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Canadian Credit Party means Borrower and each other Credit Party that (i) is organized under the laws of Canada or any province or territory thereof, (ii) carries on business in Canada, or (iii) has any title or interest in or to material property in Canada.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • 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.

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Canadian Lender Export Development Canada, a corporation established pursuant to the laws of Canada, and its successors and assigns.

  • U.S. Borrowers shall have the meaning provided in the first paragraph of this Agreement.

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

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.