Canadian Sublimit definition

Canadian Sublimit means an amount equal to $200,000,000. The Canadian Sublimit is part of, and not in addition to, the Revolving Credit Commitments.
Canadian Sublimit means $75,000,000.
Canadian Sublimit means $40,000,000.

Examples of Canadian Sublimit in a sentence

  • The Canadian Swingline Lender shall not make any Canadian Swingline Loan if (i) the requested Canadian Swingline Loan exceeds Aggregate Availability (before giving effect to such Canadian Swingline Loan) or (ii) the making of such Canadian Swingline Loan would result in the sum of total Canadian Revolving Loans, plus Canadian Letter of Credit Exposure, plus Canadian Swingline Loans exceeding the Canadian Sublimit.

  • No Canadian Letter of Credit shall be issued, amended, renewed or extended if (and upon issuance, amendment, renewal or extension of each Letter of Credit, the Borrowers shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, the sum of the Canadian Revolving Exposure plus the Canadian Letter of Credit Exposure would exceed the Canadian Sublimit.

  • If for any reason the Canadian Revolving Exposure exceeds 105% of the Canadian Sublimit, the Borrowers shall promptly prepay Canadian Loans to the extent necessary so that the Canadian Revolving Exposure shall not exceed the Canadian Sublimit then in effect.

  • Notwithstanding anything contained herein to the contrary, in no event shall (i) the Total Utilization of Commitments at any time exceed the Availability Amount then in effect or (ii) the aggregate Canadian Revolving Exposure at any time exceed 105% of the Canadian Sublimit then in effect.

  • Management believes there is minimal credit risk due to the nature of these amounts receivable and the underlying collateral.22.


More Definitions of Canadian Sublimit

Canadian Sublimit means $10,000,000.
Canadian Sublimit means $150,000,000.
Canadian Sublimit means $400,000,000, as such amount may be decreased pursuant to Section 2.09(c) or increased pursuant to Section 2.09(g).
Canadian Sublimit means $40,000,000, as such sublimit may be reduced or terminated in accordance with Section 2.09.
Canadian Sublimit shall have the meaning assigned to such term in Section 2.01(a).
Canadian Sublimit means the lesser of (a) $20,000,000, as such amount may be adjusted from time to time in accordance with this Agreement, and (b) the Total Revolving Commitment then in effect. The Canadian Sublimit is part of, and not in addition to, the Revolving Facility.
Canadian Sublimit means (a) prior to the Canadian Proceeding Date, $75,000,000 and (b) from and after the Canadian Proceeding Date, $0.