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 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.

Examples of Canadian Revolving Credit in a sentence

• The Canadian Revolving Credit Loans denominated in Canadian Dollars shall be Prime Rate Loans, and the Canadian Revolving Credit Loans denominated in U.S. Dollars shall be Canadian Base Rate Loans.

• Unless otherwise specified, for purposes of this Agreement, any determination of the amount of any outstanding Canadian Revolving Credit Loans, Canadian Swingline Loans or Canadian Obligations shall be based upon the Dollar Amount of such Canadian Revolving Credit Loans, Canadian Swingline Loans or Canadian Obligations.

• The Canadian Borrower hereby agrees that each Request for Acceptances, reimbursement of Acceptances and conversion of Canadian Revolving Credit Loans to Acceptances shall be made in a manner so that any such Request for Acceptances, reimbursement or conversion shall apply ratably to all Canadian Lenders in accordance with their respective Canadian Revolving Credit Commitment Percentages.

• Upon the request of any Lender made through the Administrative Agent, the applicable Borrower shall execute and deliver to such Lender (through the Administrative Agent) a US Revolving Credit Note, Canadian Revolving Credit Note, Term Loan Note, US Swingline Note and/or Canadian Swingline Note, as applicable, which shall evidence such Lender’s Revolving Credit Loans, Term Loans and/or Swingline Loans, as applicable, in addition to such accounts orrecords.

• No such reduction in the Revolving Credit Commitments shall reduce the Canadian Revolving Credit Sublimit, the Swingline Commitment, the Canadian Swingline Sublimit or the L/C Commitment (except as set forth in each respective definition).

More Definitions of Canadian Revolving Credit

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.

Canadian Revolving Credit. Notes shall mean the promissory notes, each substantially in the form of Exhibit A-2 attached hereto, of the Canadian Borrower evidencing the Canadian Revolving Loans, payable to the order of the respective Canadian Lenders in the amount of said Canadian Lender’s Revolving Credit Commitment, and all renewals, extensions, modifications, rearrangements and replacements thereof substitutions therefor. Canadian Revolving Credit Note shall mean any of such promissory notes.

Canadian Revolving Credit. Sub-Limit" - $4,000,000, as such amount may be reduced from time to time in accordance with the provisions of the Agreement.

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 2A 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. 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 2.9.3 [Disbursements; Reimbursement].

Canadian Revolving Credit as defined in Section 2.1 (a)(ii) hereof.

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