Canadian Term Borrowing definition

Canadian Term Borrowing means a borrowing consisting of simultaneous Canadian Term Loans of the same Type and having the same Interest Period made by each of the Canadian Term Lenders pursuant to Section 2.01(a)(ii).

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Canadian Term Borrowing means a borrowing consisting of simultaneous Canadian Term Loans of the same Type and, in the case of Eurodollar Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01(a) (ii), in each case, on the Closing Date.

Canadian Term Borrowing means a borrowing consisting of simultaneous Canadian Term Loans having the same Interest Period made by each of the relevant Canadian Term Lenders pursuant to S ection 2.01(a)(i) or (a)(ii), as the case may be.

Examples of Canadian Term Borrowing in a sentence

Any Canadian Term Borrowing made on the Closing Date shall be subject to the receipt by Administrative Agent of a Funding Indemnity Letter from the Borrower not less than three (3) Business Days prior to the date of such Canadian Term Borrowing.
Each Canadian Term Borrowing shall consist of Canadian Term Loans made simultaneously by the Canadian Term Lenders.
The Canadian Term Borrowing shall consist of Canadian Term Loans made in Canadian Dollars simultaneously by the Canadian Term Lenders in accordance with their respective Canadian Term Commitments.
The Canadian Term Borrowing made on the Amendment No. 1 Effective Date shall consist of Canadian Term Loans made in Canadian Dollars simultaneously by the Incremental Canadian Term Lenders in accordance with their respective Incremental Canadian Term Commitments.
Each Canadian Term Borrowing shall be in an aggregate amount that is an integral multiple of C$100,000 and not less than C$500,000.
Notwithstanding anything contained herein or elsewhere to the contrary, the foregoing subsections (a)- (d) shall in no event be applicable to, or otherwise in respect of Taxes or Other Taxes arising or imposed as a result of any assignment to a Person who is not an Eligible Assignee of, as the case may be, any U.S. Borrowing or any part of the U.S. Commitment or any Canadian Term Borrowing or any part of the Canadian Term Commitment.
Borrowings also may be classified and referred to by Class (e.g. a "Canadian Term Borrowing") or by Type (e.g., a "Eurodollar Borrowing").
Notwithstanding anything contained herein or elsewhere to the contrary, the foregoing subsections (a)-(d) shall in no event be applicable to, or otherwise in respect of Taxes or Other Taxes arising or imposed as a result of any assignment to a Person who is not an Eligible Assignee of, as the case may be, any U.S. Borrowing or any part of the U.S. Commitment or any Canadian Term Borrowing or any part of the Canadian Term Commitment.
The Canadian Term Borrowing shall consist of Initial Canadian Term Loans made simultaneously by the Canadian Term Lenders in accordance with their respective Canadian Term Commitments.
If no currency is selected in respect of a Canadian Revolving Borrowing or a Canadian Term Borrowing, then the requested Borrowing shall be in (i) Canadian Dollars, if by Hertz Canada or (ii) U.S. Dollars, if by the Company.

More Definitions of Canadian Term Borrowing

Canadian Term Borrowing means a group of Canadian Term Loans of a single Type made, converted or continued by the Canadian Term Lenders on a single date and, in the case of a Term CORRA Borrowing, as to which a single Interest Period is in effect.

Canadian Term Borrowing means a group of Canadian Term Loans of a single Type made, converted or continued by the Canadian Term Lenders on a single date and, in the case of a B/A Loan, as to which a single Contract Period is in effect. “Canadian Term Commitment” shall mean, with respect to each Canadian Term Lender, the commitment of such Canadian Term Lender to make a single Canadian Term Loan to the Parent Borrower on the Closing Date in an aggregate principal amount not to exceed the Canadian dollar amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate amount of the Canadian Term Commitments as of the Closing Date is C$100,000,000. “Canadian Term Lender” shall mean any Lender that has a Canadian Term Commitment or holds a Canadian Term Loan. “Canadian Term Loan” shall mean the Canadian dollar-denominated term loans made by the Canadian Term Lenders to the Parent Borrower. “Canadian Term Loan Facility” shall mean the aggregate principal amount of the Canadian Term Loans of all Canadian Term Lenders outstanding at such time. “Canadian Term Loan Pro Rata Percentage” with respect to any Canadian Term Lender, the percentage of the aggregate principal amount of the Canadian Term Loans represented by such Canadian Term Lender’s Canadian Term Loans at such time. “Capital Lease Obligations” of any person shall mean the obligations of such person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. “Cash Collateralize” shall mean to pledge and deposit with or deliver to the Applicable Collateral Agent, for the benefit of the Secured Parties, as collateral for the U.S. L/C Exposure,