Canadian Revolving Notes definition
Examples of Canadian Revolving Notes in a sentence
All payments of principal and any other amounts due hereunder or under any of the other Loan Documents in respect to the Canadian Revolving Notes shall be made to the Canadian Agent, for the respective accounts of the Canadian Lenders and the Canadian Agent, at the Canadian Agent’s Office, in each case in immediately available funds.
Each designation of an Interest Option with respect to the Canadian Revolving Notes shall apply to all of the Canadian Revolving Notes ratably in accordance with their respective outstanding principal balances.
Collectively, the Canadian Term Notes and the Canadian Revolving Notes.
The Canadian Revolving Notes shall evidence the aggregate Indebtedness of Canadian Borrowers to Canadian Revolving Lenders resulting from Canadian Revolving Advances under the Canadian Revolving Facilities from time to time.
This Note is one of the Canadian Revolving Notes referred to in the Amended and Restated Credit Agreement dated as of August 5, 1999 (as amended and modified, the "Credit Agreement") among the RailWorks Corporation, a Delaware corporation, the Subsidiaries identified therein, including the Canadian Borrower, the lenders identified therein, First Union National Bank, as Documentation Agent, Bank of America Canada, as Canadian Administrative Agent, and Bank of America, N.A., as Domestic Administrative Agent.
Each Canadian Borrower acknowledges and agrees that its joint and several liability under this Agreement, the Canadian Revolving Notes, and the Canadian L/C Applications is absolute and unconditional and shall not in any matter be affected or impaired by any acts or omissions whatsoever of the Canadian Co-Agent, the Canadian Lenders, or the Canadian L/C Issuer.
This Canadian Revolving Note is one of the Canadian Revolving Notes referred to in, and evidences Indebtedness incurred under, the Credit Agreement, to which reference is made for a statement of the terms and conditions on which the Canadian Borrower is permitted and required to make prepayments and repayments of principal of the Indebtedness evidenced by this Canadian Revolving Note and on which such Indebtedness may be declared to be immediately due and payable.
Canadian Revolving Loans shall be evidenced by the Canadian Revolving Notes.
Each such note shall be in the principal amount of the Canadian Revolving Loan Commitment of the applicable Canadian Lender, dated the Closing Date and substantially in the form of (x) Exhibit 1.1(a)(ii)(2)(x) in the case of Canadian Revolving Loans denominated in US Dollars and (y) Exhibit 1.1(a)(ii)(2)(y) in the case of Canadian Revolving Loans denominated in Canadian Dollars (each a "Canadian Revolving Note" and, collectively, the "Canadian Revolving Notes").
Each disbursement or payment by the Canadian L/C Issuer or Agent of an amount drawn under Canadian Standby Letters of Credit shall be deemed to be a Canadian Revolving Advance and shall bear interest at the Applicable Rate for Canadian Revolving Notes.