Canadian Revolving Sublimit definition

Canadian Revolving Sublimit means $100,000,000.
Sample 1Sample 2
Canadian Revolving Sublimit means $225,000,000.
Sample 1
Canadian Revolving Sublimit means $60,000,000.100,000,000.
Sample 1

Examples of Canadian Revolving Sublimit in a sentence

  • In no event shall Overadvance Loans be required that would cause (i) the Canadian Revolving Credit Outstandings to exceed the Canadian Revolving Sublimit or (ii) the Revolving Credit Outstandings to exceed the Revolving Commitments.

  • In no event shall Overadvance Loans be required that would cause (i) the aggregate outstanding U.S. Revolving Loans and LC Obligations to exceed the aggregate Revolving Commitments, (ii) the aggregate outstanding Canadian Revolving Loans to exceed the aggregate Canadian Revolving Sublimit or (iii) the Aggregate Exposure to exceed the Aggregate Commitments.


More Definitions of Canadian Revolving Sublimit

Canadian Revolving Sublimit means an aggregate amount equal to $150.0 million as of the date hereof; provided however that on and after the date hereof, and upon at least five (5) Business Days’ prior notice to the Administrative Agent, upon consummation by the Canadian Borrower of a Permitted Acquisition of a Person that is incorporated or otherwise organized under the laws of Canada or any province or territory thereof, the Canadian Revolving Sublimit may be increased on a dollar-for-dollar basis by the increase in the Canadian Borrowing Base (disregarding any Eligible Receivables and Eligible Inventory of the US Borrower and the US Subsidiary Guarantors and after the Collateral Agent has received the results of a field examination and appraisal which are reasonably satisfactory to the Collateral Agent with respect to the receivables and inventory acquired in such Permitted Acquisition) as a result of such Permitted Acquisition; provided that after giving effect to any and all such increases, the aggregate amount of the Canadian Revolving Sublimit shall not exceed $200.0 million.
Sample 1

Related to Canadian Revolving Sublimit

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Revolving Commitments and $200,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

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

  • Total Revolving Credit Exposure means, as to any Revolving Credit Lender at any time, the unused Revolving Credit Commitments and the Revolving Credit Exposure of such Revolving Credit Lender at such time.

  • Foreign Currency Sublimit means $100,000,000.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.