Canadian Revolving Credit definition

Canadian Revolving Credit means the credit facility for making Canadian Revolving Loans and Canadian Swing Loans and issuing Canadian Letters of Credit described in Sections 2.1(d), 2.2, and 2.10.

Canadian Revolving Credit means the revolving credit loans to be advanced to the Canadian Borrower by the applicable Canadian Revolving Credit Lenders pursuant to Article 2B hereof, in an aggregate amount (subject to the terms hereof), not to exceed, at any one time outstanding, the Canadian Revolving Credit Aggregate Commitment.

Canadian Revolving Credit. Exposure shall mean on any day, as to a particular Canadian Lender, the sum of (a) the outstanding principal balance of such Canadian Lender’s Revolving Credit Note on such day plus (b) the product of (i) such Canadian Lender’s Revolving Credit Commitment Percentage times (ii) the Canadian Letter of Credit Exposure Amount Exposure on such day.

Examples of Canadian Revolving Credit in a sentence

• Each Canadian Overadvance shall mature and be due on the earliest of (i) the Initial Revolving Credit Maturity Date, (ii) written demand by the Administrative Agent and (iii) 30 days after the date on which such Canadian Overadvance is made; it being understood and agreed that no Canadian Overadvance shall cause the Initial Canadian Revolving Credit Exposure of any Initial Canadian Revolving Lender to exceed such Initial Canadian Revolving Lender’s Initial Canadian Commitment.

• The Borrowers have requested that (i) the Required Lenders, (ii) each of the Canadian Revolving Credit Lenders, and (iii) each of the U.S. Revolving Credit Lenders consent to amend the Credit Agreement on the terms described in the Third Amendment to which a form of this Lender Consent Letter is attached as Exhibit A (the "Third Amendment").

• Any such reduction shall be in an amount equal to C$5,000,000 or a whole multiple of C$1,000,000 in excess thereof and shall reduce permanently the Canadian Revolving Credit Commitments then in effect.

• During the Revolving Credit Commitment Period, the Canadian Borrower may use the Canadian Revolving Credit Commitments by borrowing, repaying the Canadian Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

• The Borrower shall repay to the Administrative Agent in Dollars, for the benefit of the applicable Lenders, on the Revolving Credit Maturity Date, the then-unpaid US Revolving Credit Loans and Canadian Revolving Credit Loans made to the Borrower.

More Definitions of Canadian Revolving Credit

Canadian Revolving Credit means the revolving credit facility (initially Cdn.$200,000,000 (or U.S. $ Equivalent)) established pursuant to the Canadian Revolving Credit Commitments of the Canadian Revolving Credit Lenders.

Canadian Revolving Credit. Sub-Limit" - $1,500,000, as such amount may be reduced from time to time in accordance with the provisions of the Agreement.

Canadian Revolving Credit. Notes shall mean collectively and Canadian Revolving Credit Note shall mean separately all the Canadian Revolving Credit Notes of the Canadian Borrower in the form of Exhibit 1.1(R)(2) evidencing the Canadian Revolving Credit Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

Canadian Revolving Credit. Loans shall mean collectively and Canadian Revolving Credit Loan shall mean separately all Canadian Revolving Credit Loans or any Canadian Revolving Credit Loan made by the Canadian Banks or one of the Canadian Banks to the Canadian Borrower pursuant to Section 2.1.2 [Canadian Revolving Credit Loan Sub-Facility] or 2.

Canadian Revolving Credit. Outstandings means, at any time (without duplication), the Dollar Equivalent of (a) the aggregate outstanding principal amount of all Revolving Loans made to Grief Canada, (b) the Effective Amount of all outstanding L/C Obligations in respect of Letters of Credit issued for the account of Grief Canada, (c) the aggregate outstanding principal amount of all Swing Line Loans made to Grief Canada and (d) the face amount of outstanding Bankers' Acceptances and the outstanding principal amount of BA Equivalent Loans.

Canadian Revolving Credit means the credit facility for making Canadian Revolving Loans and Canadian Swing Loans andissuing Canadian Letters of Credit described in Sections 2.1(d), 2.2, and 2.10.

Canadian Revolving Credit shall have the meaning given to it in the Credit Agreement.