Canadian Swingline Loan definition

Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Canadian Swingline Loan has the meaning assigned to such term in Section 2.05(a).

Canadian Swingline Loan and “Canadian Swingline Loans” have the meanings specified in Section 2.3(c).

Examples of Canadian Swingline Loan in a sentence

The Canadian Swingline Loans shall be Canadian Prime Rate Loans if denominated in Canadian Dollars and Canadian Base Rate Loans if denominated in Dollars and shall bear interest as set forth in Section 3.1. Each Canadian Swingline Loan shall constitute a Revolver Loan and a Multicurrency Facility Loan for all purposes (subject, in the case of unused line fees, to Section 3.2.1(a)), except that payments thereon shall be made to the Canadian Swingline Lender for its own account.
Each Notice of Borrowing shall be irrevocable and shall specify (A) the applicable Borrower for such Borrowing, (B) the amount of the Borrowing, (C) the requested funding date (which must be a Business Day), (D) whether the Borrowing is to be made as a Base Rate Loan or Canadian Prime Rate Loan, (E) whether such Swingline Loan is to be a Canadian Swingline Loan or a US Swingline Loan and (F) the currency in which such Loan is to be denominated.
Each Canadian Swingline Loan shall be funded in Canadian Dollars or, at the option of the Administrative Borrower, Dollars and repaid in the same currency as the underlying Canadian Swingline Loan was made.

More Definitions of Canadian Swingline Loan

Canadian Swingline Loan as defined in Section 2.5(a).

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

Canadian Swingline Loan any Borrowing of Canadian Prime Rate Loans made pursuant to Section 4.1.3(c).

Canadian Swingline Loan any Borrowing of Canadian Revolver Loans funded with Canadian Swingline Lender’s funds, until such Borrowing is settled among Canadian Lenders or repaid by Canadian Borrower, which Canadian Revolver Loan shall, if denominated in Canadian Dollars, be a Canadian Prime Rate Loan and shall, if denominated in Dollars, be a Canadian Base Rate Loan, in each case as selected by the Borrower Agent on behalf of Canadian Borrower.

Canadian Swingline Loan means any swingline loan denominated in Canadian Dollars made by the applicable Swingline Lender to a Canadian Borrower pursuant to Section2.2, and all such swingline loans collectively as the context requires.

Canadian Swingline Loan means a Loan made by the Swingline Lender pursuant to Section 2.05(b).

Canadian Swingline Loan means a loan made pursuant to and defined in Section 3.2(a).