We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Canadian Swing Line Loans definition

Canadian Swing Line Loans as defined in Section 3.3(c).
Canadian Swing Line Loans as defined in Section 5.14. -------------------------
Canadian Swing Line Loans means, collectively, the loans made to the Canadian Borrower by the Canadian Swing Line Lender pursuant to the Canadian Swing Line Commitment.

Examples of Canadian Swing Line Loans in a sentence

  • The Canadian Borrower shall make all payments of principal and interest in respect of the Canadian Swing Line Loans directly to the Canadian Swing Line Lender.

  • The Canadian Swing Line Lender shall be responsible for invoicing the Canadian Borrower for interest on the Canadian Swing Line Loans.

  • All Canadian Swing Line Loans and all other amounts owed hereunder with respect to the Canadian Swing Line Loans shall be paid in full on the earlier of (i) the date which is three days after the incurrence thereof and (ii) the Canadian Revolving Commitment Termination Date.

  • Canadian Swing Line Loans shall be Canadian Prime Rate Loans or Base Rate Loans only.

  • In no event shall the number of Interest Periods under Canadian Swing Line Loans outstanding at any time be greater than five (5).

  • Each Canadian Swing Line Loan shall be in the applicable minimum amounts specified in Schedule II (or such lesser amount as may be agreed to by the Global Swing Line Lender) or an integral multiple thereof as specified in Schedule II (or such lesser amount as may be agreed to by the Global Swing Line Lender) in excess thereof, and all interest payable on the Canadian Swing Line Loans shall be payable to the Global Swing Line Lender for the account of the Global Swing Line Lender.

  • The proceeds thereof shall be applied directly by the Canadian Agent to repay outstanding Canadian Swing Line Loans and each of the Canadian Borrowers hereby authorizes such application.

  • Interest accrued on Canadian Swing Line Loans shall be due and payable on the last day of the Interest Period therefor, in the case of Loans bearing interest at the Offered Rate, on each Payment Date, in the case of Loans bearing interest at the Canadian Prime Rate, on any date on which such Canadian Swing Line Loans are prepaid, whether due to acceleration or otherwise, and on the applicable Commitment Maturity Date.

  • The Canadian Agent shall be responsible for invoicing the Canadian Borrowers for interest on the Canadian Swing Line Loans.

  • The Canadian Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the Canadian Borrower (which hereby irrevocably requests and authorizes the Canadian Swing Line Lender to so request on its behalf), that each Lender make a Base Rate Loan in an amount equal to such Lender’s Applicable Percentage of the amount of Canadian Swing Line Loans then outstanding.


More Definitions of Canadian Swing Line Loans

Canadian Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).
Canadian Swing Line Loans means loans now or hereafter made by Canadian Swing Line Lender to Canadian Borrowers on a revolving basis pursuant to the Credit Facility (involving advances, repayments and readvances) as set forth in Section 2.2 hereof.
Canadian Swing Line Loans. See §2.14(a).
Canadian Swing Line Loans means, collectively, the amount advanced by the Canadian Swing Line Lender to the Canadian Borrower under the Canadian Swing Line Commitment, not to exceed the aggregate amount of the Canadian Swing Line Commitment.
Canadian Swing Line Loans denominated in Canadian Dollars or U.S. Dollars to the Canadian Borrower in an aggregate amount equal to the aggregate amount of the Borrowing of the Canadian Swing Line Loan requested by the Canadian Borrower to be made on such day; and
Canadian Swing Line Loans to Canadian Borrower on any Business Day from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that (x) do not exceed the Total Canadian Swing Line Commitment, (y) when added to the Dollar Equivalent principal amount of Swing Line Loans then outstanding does not exceed the Total Swing Line Commitment and (z) when added to the Dollar Equivalent principal amount of Canadian Swing Line Loans then outstanding from such Canadian Swing Line Lender does not exceed such Canadian Swing Line Lender’s Canadian Swing Line Commitment; provided, however, that in no event may the amount of any Borrowing of Canadian Swing Line Loans (I) exceed the sum of the Available Multicurrency Revolving Commitments immediately prior to such Borrowing (after giving effect to the use of proceeds thereof), (II) cause the outstanding Multicurrency Revolving Loans of any Lender, when added to such Lender’s Multicurrency Revolver Pro Rata Share of the then outstanding Swing Line Loans and of such requested Swing Line Borrowing (without duplication) and Multicurrency Revolver Pro Rata Share of the aggregate LC Obligations (exclusive of Unpaid Drawings relating to LC Obligations which are repaid with the proceeds of, and simultaneously with the incurrence of, Multicurrency Revolving Loans or Swing Line Loans) to exceed such Lender’s Multicurrency Revolving Commitment, (III) cause the sum of all outstanding Loans and LC Obligations denominated in Canadian Dollars, Australian Dollars or any Alternative Currency to exceed the Maximum Foreign Currency Sublimit; or (IV) cause the sum of all outstanding Loans and LC Obligations owing by Subsidiary Borrowers to exceed the Maximum Foreign Borrower Sublimit. Amounts borrowed under this Section 2.1(b)(i)(B) may be repaid and, to but excluding the last day of the Commitment Period, reborrowed. All Canadian Swing Line Loans shall be due in full on the Multicurrency Revolver Termination Date. Canadian Swing Line Lender may make Canadian Swing Line Loans to Canadian Borrower at Canadian Borrower’s request in the form of bankers acceptances on customary terms for bankers acceptances as agreed by Canadian Swing Line Lender and Canadian Borrower from time to time.

Related to Canadian Swing Line Loans

  • Swing Line Loans as defined in Section 2.6.

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

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

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

  • 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.

  • 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.

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

  • 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.

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

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

  • 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).

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

  • Swingline Loans as defined in Section 2.6.

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

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

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

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

  • Swing Loans means collectively and “Swing Loan” shall mean separately all Swing Loans or any Swing Loan made by the Swingline Lender to the Borrower pursuant to Section 2.6.3 [Making Swing Loans].

  • 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.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Credit Loans as defined in Section 2.1.