Canadian Term Commitment means, as to each Canadian Term Lender, its obligation to make a Canadian Term Loan to the Borrower pursuant to Section 2.01(a)(ii) in an aggregate principal amount equal to the amount set forth opposite such Canadian Term Lender’s name on Schedule 1.01(b) under the caption “Canadian Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Canadian Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The Canadian Term Commitment of all of the Canadian Term Lenders on the Closing Date shall be CAD 250,000,000.
Canadian Term Commitment means, with respect to each Canadian Term Lender, the commitment of such Lender to make Canadian Term Loans to the Canadian Borrower in the aggregate principal amount outstanding not to exceed the amount set forth opposite such Lender’s name on the Commitment Schedule under the caption “Canadian Term Commitment,” as amended to reflect each Assignment and Assumption executed by such Lender and as such amount may be reduced pursuant to this Agreement, and “Canadian Term Commitments” means the aggregate Canadian Term Commitments of all Canadian Term Lenders, which amount, initially as of the Closing Date, shall be $170.0 million.
Canadian Term Commitment as to any Canadian Term Lender, the obligation of such Lender, if any, to make a Canadian Term Loan in an aggregate principal amount not to exceed the amount set forth (i) under the heading “Canadian Term Commitment” opposite such Lender’s name on Schedule 1 to such Lender’s Lender Addendum, (ii) on such Lender’s Lender Authorization or (iii) in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The aggregate amount of Canadian Term Commitments as of the Second Restatement Date is Two Hundred Sixty-Eight Million Six Hundred Fifty Thousand Dollars ($268,650,000).
Examples of Canadian Term Commitment in a sentence
The Initial Canadian Term Commitment of each Term Lender shall be automatically and permanently reduced to C$0 upon the making of such Term Lender’s Initial Canadian Term Loans pursuant to Section 2.01(a).
Subject to the terms and conditions set forth herein, each Canadian Term Lender severally agrees to make a single loan to the Borrower (each such loan and each loan, if any, made under the Incremental Canadian Term Commitments, referred to individually as a “Canadian Term Loan” and, collectively, the “Canadian Term Loans”), in Canadian Dollars, on the Closing Date, in an aggregate amount equal to such Canadian Term Lender’s Canadian Term Commitment.
Upon the request of any Lender, the aggregate principal amount of each Lender’s share of the Canadian Term Commitment and Canadian Term Loans shall be evidenced by a note to be issued by the Canadian Borrower to each Lender in substantially the form attached to this Agreement as Exhibit A-4.
Each Canadian Term Lender on the Closing Date made a loan (each a “Canadian Term Loan”) in Dollars to the Canadian Borrower in an amount equal to such Canadian Term Lender’s Canadian Term Commitment.
Each assignment shall include a pro rata portion of such Lender’s RC Commitment, Canadian Term Commitment, U.S. Term Commitment, RC Loans, U.S. Term Loans and Canadian Term Loans.
More Definitions of Canadian Term Commitment
Canadian Term Commitment. “ means, as to each Canadian Term Lender, its obligation to make a Canadian Term Loan to the Borrower pursuant to Section 2.01(a) in a principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Canadian Term Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
Canadian Term Commitment has the meaning specified in the definition of Commitment.
Canadian Term Commitment means, as to each Lender, its obligation to make Initial Canadian Term Loans to the Canadian Borrower pursuant to Section 2.01(a)(ii) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Canadian Term Commitment” or opposite such caption in the Assignment and Acceptance pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Canadian Term Commitments is the Canadian Dollar Equivalent of $100,000,000.
Canadian Term Commitment means, with respect to each Canadian Term Lender, the commitment of such Lender to make Canadian Term Loans to the Canadian Borrower in the aggregate principal amount outstanding not to exceed the amount set forth opposite such Lender's name on Schedule I (Commitments) under the caption "Canadian Term Loan Commitment," as amended to reflect each Assignment and Acceptance executed by such Lender and as such amount may be reduced pursuant to this Agreement, and "Canadian Term Commitments" shall mean the aggregate Canadian Term Commitments of all Canadian Term Lenders, which amount, initially as of the Closing Date, shall be $475,000,000. "Canadian Term Lender" means each Lender that has a Canadian Term Commitment or that holds a Canadian Term Loan.
Canadian Term Commitment as to any Canadian Lender, the obligation of such Lender, if any, to make a Canadian Term Loan to the Canadian Borrower hereunder on the Closing Date in a principal amount not to exceed the Canadian Dollar Equivalent on the Business Day prior to the Closing Date of the amount set forth below the heading “Canadian Term Commitment” on Schedule 1.3C hereto or in the Assignment and Acceptance to which such Lender became a party hereto. The original aggregate amount of the Canadian Term Commitments is the Canadian Dollar Equivalent on the Business Day prior to the Closing Date of $35,000,000.
Canadian Term Commitment means, 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 Xxxxxx’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, the Canadian L/C Exposure or the Australian L/C Exposure, as applicable, cash or deposit account balances pursuant to documentation in form and substance reasonably satisfactory to the Applicable Borrower, the Applicable Collateral Agent and the Applicable Issuing Banks (which documentation is hereby consented to by the Lenders). Derivatives of such term have corresponding meanings. “CDOR Rate” shall mean, for each day in any period, the annual rate of interest that is the rate based on an average rate applicable to Canadian dollar bankers’ acceptances for a term equal to the term of the relevant Contract Period (or for a term of one month for purposes of determining the Canadian Prime Rate) appearing on the “Refinitiv Screen Canadian Dollar Offered Rate (CDOR) Page” (or any display substitute...
Canadian Term Commitment means, with respect to each Lender, the commitment of such Lender to make a Canadian Term Loan in an amount not to exceed the amount set forth under the heading “Canadian Term Commitment” opposite such Lender’s name on Schedule 2.01. The aggregate amount of the Lenders’ Canadian Term Commitments as of the Amendment and Restatement Effective Date is $65,000,000.