Canadian Subfacility definition

Canadian Subfacility shall have the meaning set forth in the recitals hereto.

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Canadian Subfacility means the Credit Extensions under Article 3.

Canadian Subfacility means, at any time, an amount equal to the aggregate amount of the Canadian Lenders' BA Commitment at such time.

Examples of Canadian Subfacility in a sentence

Within the limits of the Facility Commitment and the Canadian Subfacility Amount, and in accordance with the procedures set forth in this Agreement and the Servicing Agreement, the Sponsor may authorize the Servicer to establish a Canadian Line of Credit Commitment in favor of a Canadian Franchisee who meets the credit criteria established by the Sponsor.
All LC Participation Fees and Fronting Fees shall be computed on the basis of a year of 360 days (or 365 days, in the case of such fees payable in respect of Letters of Credit denominated in Canadian Dollars outstanding under the Canadian Subfacility) and shall be payable for the actual number of days elapsed.
All Canadian Borrowers shall be jointly and severally liable as borrowers for all Borrowings under the Canadian Subfacility of each Canadian Borrower regardless of which Canadian Borrower received the proceeds thereof.
The Existing Letters of Credit listed on Part A of Schedule 1.01B shall be deemed issued under the Canadian Subfacility.
For the avoidance of doubt, and for purposes of this Agreement, the U.S. Borrowers shall be permitted to borrow only under the U.S. Subfacility and against the U.S. Borrowing Base and the Canadian Borrower shall be permitted to borrow only under the Canadian Subfacility and against the Canadian Borrowing Base.

More Definitions of Canadian Subfacility

Canadian Subfacility means, extensions of credit made to the Canadian Borrower up to the Canadian Sublimit, pursuant to each Lender’s Canadian Revolving Sub-Commitment.

Canadian Subfacility means the Credit Extensions under Article 3 .

Canadian Subfacility has the meaning set forth in Section 2.01 of this Agreement.

Canadian Subfacility means the credit facility extended to the Borrowers pursuant to Sections 2.01(b) and 2.03.

Canadian Subfacility means, at any time, an amount equal to the aggregate amount of the Canadian Lenders' Canadian Revolving Credit Commitments at such time.

Canadian Subfacility means the subfacility in Article IIA providing for Loans to be advanced to the Canadian Borrower.

Canadian Subfacility. Up to an agreed amount of the Revolving Credit Facility may be made available as a revolving Canadian sub-facility (the "Canadian Subfacility"), with loans thereunder made directly to one or more Canadian subsidiaries of the Borrower. The Canadian Subfacility will be subject to a separate borrowing base (but shall include credit for excess availability on the domestic borrowing base) and will otherwise be on terms and conditions (including pricing terms) to be set forth in the Bank Documentation.