Canadian Swing Line Advances definition

Canadian Swing Line Advances has the meaning ascribed thereto in Section 1.1(b).
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Canadian Swing Line Advances means all of them in the aggregate.
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Canadian Swing Line Advances means Swing Line Advances made by the applicable Swing Line Lender in Canadian Dollars to Canadian Borrowers.
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Examples of Canadian Swing Line Advances in a sentence

  • Any payments made pursuant to this Section shall be applied first to Advances under the Canadian Revolving Credit, and then to Canadian Swing Line Advances.

  • Moreover, except for Overadvances, the aggregate US Swing Line Advances shall not exceed at any time the US Borrowing Base less the US Revolving Loan, and the aggregate Canadian Swing Line Advances shall not exceed at any time the Canadian Borrowing Base less the Canadian Revolving Loan.

  • Notwithstanding any other provision of this Agreement or the other Loan Documents, the Swing Line Loan shall constitute a Loan bearing interest at the commercial paper rate plus the Applicable Revolver LIBOR Margin for US Swing Line Advances or the Index Rate plus the Applicable Revolver BA Margin for Canadian Swing Line Advances in Canadian Dollars as provided in Section 1.5(a) and no Swing Line Loan shall remain outstanding for more than fifteen (15) days.

  • Each Swing Line Advance shall be made pursuant to a Notice of Revolving Credit advance delivered to Agent (and in the case of Canadian Swing Line Advances, to Canadian Agent as well) by Borrower Representative on behalf of the applicable Borrower in accordance with Section 1.1(a).

  • Each Canadian Revolving Credit Lender within the time periods specified in Section 2.A.5(e)(i) hereof, as applicable, shall immediately transfer to the Canadian Agent, for the benefit of the Canadian Swing Line Lender, in immediately available funds, an amount equal to its Canadian Revolving Credit Percentage of the aggregate principal amount of all Canadian Swing Line Advances outstanding as of such date.

  • Any payments made pursuant to this Section shall be applied first to outstanding Canadian Prime-based Advances and US Prime-based Advances under the Canadian Revolving Credit, next to Canadian Swing Line Advances and then to BA-based Rate Advances and Eurodollar-based Advances of the Canadian Revolving Credit.

  • The obligation of the Canadian Borrower to repay the Canadian Swing Line Advances and interest thereon shall be evidenced by the Canadian Swing Line Note in the principal amount of $5,000,000.

  • Canadian Swing Line Advances shall be available on a revolving basis and, except as otherwise provided herein, no payment of Canadian Swing Line Advances shall reduce the Canadian Swing Line Commitment.

  • Each Canadian Swing Line Lender individually, and not jointly and severally, agrees, on the terms and conditions of this Agreement, to make Canadian Swing Line Advances rateably to each Canadian Revolving Credit Borrower in accordance with such Lender’s Canadian Swing Line Commitment.

  • The proceeds of such Canadian Revolving Credit Advances shall be immediately applied to repay the Refunded Canadian Swing Line Advances.

Related to Canadian Swing Line Advances

  • Swing Line Loans as defined in Section 2.6.

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Lender pursuant to Section 2.02(b).

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • U.S. Swing Line Lender means Bank of America in its capacity as provider of U.S. Swing Line Loans, or any successor swing line lender hereunder.

  • Swing Line Lender means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swing Line Lenders means each of the Lenders that has a Swing Line Commitment on Schedule 2.1 hereto, or any successor swing line lender hereunder.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • U.S. Swingline Loan means any swingline loan denominated in Dollars made by the applicable Swingline Lender to a US Borrower pursuant to Section 2.2, and all such swingline loans collectively as the context requires.

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

  • Swing Line means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Swing Line Rate means an interest rate per annum offered by the Swing Line Lender with respect to the Swing Line Loans, as determined in its sole discretion, but in any event not in excess of the rate applicable to Base Rate Loans at the time of determination.

  • Swing Line Exposure means, at any time, the aggregate principal amount of all Swing Line Loans outstanding at such time. The Swing Line Exposure of any Lender at any time shall be its Applicable Percentage of the total Swing Line Exposure at such time.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Swing Line Bank has the meaning specified in the recital of parties to this Agreement.

  • Swing Line Participation Amount as defined in Section 2.7.

  • Swing Line Loan Notice means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.