Canadian Swingline Commitment definition

Canadian Swingline Commitment means the commitment of the Canadian Swingline Lender to make loans under the Canadian Subfacility pursuant to Section 2.12, as the same may be reduced from time to time pursuant to Section 2.07 or Section 2.12.

Canadian Swingline Commitment means the commitment of the Canadian Bank to make loans pursuant to Section 2.3(c).

Canadian Swingline Commitment means the commitment of the Canadian Swingline Lender to make loans under the Canadian Subfacility pursuant to Section 2.12, as the same may be reduced from time to time pursuant to Section 2.07.

Examples of Canadian Swingline Commitment in a sentence

• The original amount of the (i) Total Commitments is $155,000,000, (ii) Total A Term Loan Commitment is $20,000,000, (iii) Total B Term Loan Commitment is $35,000,000, (iv) Total Acquisition Term Loan Commitment is $30,000,000, (v) Total Revolving Loan Commitment is $70,000,000, including up to $20,000,000 of Letters of Credit, (vi) Total U.S. Swingline Commitment is $10,000,000, (vii) Total U.K. Swingline Commitment is $15,000,000 and (viii) Total Canadian Swingline Commitment is $5,000,000.

• The Borrowers may request any US Swingline Loans or Canadian Swingline Loans from one or more of the US Swingline Lenders or Canadian Swingline Lenders, subject only to the limitation that the outstanding US Swingline Loans or Canadian Swingline Loans of any Swingline Lender shall at no time exceed its US Swingline Commitment or Canadian Swingline Commitment, as the case may be.

• Notwithstanding the foregoing, the US Swingline Lender shall not be permitted to make a partial assignment of the US Swingline Commitment and the Canadian Swingline Lender shall not be permitted to make a partial assignment of the Canadian Swingline Commitment.

• The Revolving Commitments, the US Swingline Commitment, the Canadian Swingline Commitment and the LC Commitment shall automatically terminate on the Revolving Maturity Date.

• The Applicable Borrower or Borrowers shall have the right, without premium or penalty, to terminate the unutilized portion, in whole or in part, of the U.S. Swingline Commitment, the U.K. Swingline Commitment or the Canadian Swingline Commitment.

More Definitions of Canadian Swingline Commitment

Canadian Swingline Commitment means the Commitment of the Canadian Swingline Lender to make Advances to the Canadian Borrower of up to U.S. $15,000,000 which Commitment constitutes a sub-commitment of the Total Canadian Revolving Commitments of The Toronto-Dominion Bank; provided that the aggregate outstanding Borrowings under the Canadian Revolving Facilities shall not exceed the Total Canadian Revolving Commitments at any time.

Canadian Swingline Commitment means, with respect to the Canadian Swingline Lender, the commitment of the Canadian Swingline Lender to make Canadian Swingline Loans pursuant to Section 2.04. The aggregate amount of the Canadian Swingline Commitments on the Amendment and Restatement Effective Date is $10 million; provided, that the Canadian Swingline Lender may at any time and from time to time, at its sole discretion, reduce such aggregate commitment amount by the aggregate amount of all Canadian Swingline Commitments then held by or attributed to Canadian Revolving Lenders who are then Defaulting Lenders.

Canadian Swingline Commitment means $5,000,000.

Canadian Swingline Commitment means the commitment of the Canadian Swingline Lender to make loans pursuant to Section 2.17, as the same may be reduced from time to time pursuant to Section 2.07 or Section 2.17. The amount of the Canadian Swingline Commitment shall initially be $5 million, but in no event shall exceed the Revolving Commitment.

Canadian Swingline Commitment. $50,000,000.

Canadian Swingline Commitment means the obligation of the Canadian Swingline Lenders to make Canadian Swingline Loans in an aggregate Outstanding Amount not to exceed $30,000,000.

Canadian Swingline Commitment shall have the meaning assigned to such term in Section 2.1(f).