Canadian Revolving Loan definition

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 Loan as defined in Section 2.1.

Canadian Revolving Loan means a Revolving Loan denominated in Canadian Dollars and made to a Canadian Borrower.

Examples of Canadian Revolving Loan in a sentence

• Each Lender shall make the amount of its U.S. Revolving Loan or Canadian Revolving Loan, as applicable, available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the applicable Credit Date by wire transfer of same day funds in the requested Approved Currency, at the Principal Office designated by the Administrative Agent.

• As the context may require, references to the outstanding principal amount of any Canadian Revolving Loan shall include the face amount of B/A Loans.

• All or any part of outstanding Domestic Revolving Loans or Canadian Revolving Loans of any Type may be converted into a Domestic Revolving Loan or Canadian Revolving Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of $500,000 or a whole multiple thereof.

• The Loan Term of each Canadian Revolving Loan shall not exceed two years.

• Each Canadian Borrower jointly and severally, hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Canadian Revolving Lender, the then unpaid principal amount of each Canadian Revolving Loan of such Canadian Revolving Lender and (ii) to the Canadian Swingline Lender the then unpaid principal amount of each applicable Canadian Swingline Loan, in each case, on the Maturity Date.

More Definitions of Canadian Revolving Loan

Canadian Revolving Loan means a Multicurrency Tranche Revolving Loan denominated in Canadian Dollars.

Canadian Revolving Loan means a Loan made by a Global Revolving Lender pursuant to Section 2.01(c)(ii). Each Canadian Revolving Loan (a) denominated in Canadian Dollars shall be a Canadian Prime Rate Loan and (b) denominated in US Dollars shall be a Canadian Base Rate Loan or a Eurodollar Loan.

Canadian Revolving Loan and “Canadian Revolving Loans” as defined have the meanings given in Section 2A.1, including by way of Bankers’ Acceptances and B/A Equivalent Loans, pursuant to Section 2A.1 or Section 2A.9.

Canadian Revolving Loan and “Canadian Revolving Loans” are each defined in Section 2.1(d) hereof and, as so defined, includes a Base Rate Loan or Eurodollar Loan (if denominated in U.S. Dollars) or a Canadian Prime Rate Loan or a Canadian CDOR Loan (if denominated in Canadian Dollars), each of which is a “type” of Revolving Loan hereunder.

Canadian Revolving Loan means, at any time, the aggregate amount of Canadian Revolving Credit Advances outstanding to Canadian Borrower.

Canadian Revolving Loan means a Revolving Loan made to the Company.

Canadian Revolving Loan means an extension of credit by a Canadian Lender to the Canadian Borrower (to the extent based on Canadian Availability) under Article II.