Canadian Term Facility definition

Canadian Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Canadian Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Canadian Term Loans of all Canadian Term Lenders outstanding at such time.
Sample 1Sample 2Sample 3
Canadian Term Facility as defined in the definition of “Facility” in this Section 1.1.
Sample 1Sample 2
Canadian Term Facility the Canadian Term Commitments and the Canadian Term Loans made thereunder.
Sample 1Sample 2

Examples of Canadian Term Facility in a sentence

  • After giving effect to each Canadian Term Loan the Outstanding Amount of all Canadian Term Loans shall not exceed the Canadian Term Facility as then in effect.

  • The Borrower shall repay to (i) the U.S. Term Lenders the aggregate principal amount of all U.S. Term Loans outstanding on the Maturity Date for the U.S. Term Facility and (ii) the Canadian Term Lenders the aggregate principal amount of all Canadian Term Loans outstanding on the Maturity Date for the Canadian Term Facility.

  • Credit Risk (continued) In December 2006, the Company entered into cross-currency interest rate swap transactions to hedge against the change in value of the Company’s U.K. Term Facility and Canadian Term Facility denominated in a currency other than OPCO’s foreign subsidiaries’ respective functional currency.

  • Subject to the following provisions, the Borrower shall have the option to extend the Maturity Date for each tranche of the Revolving Facility, the U.S. Term Facility and/or the Canadian Term Facility for two successive terms of six (6) months each.

  • Accommodations shall be made available as (i) Advances pursuant to Article 3, (ii) Bankers' Acceptances pursuant to Article 4 under the Canadian Operating Facility, the Canadian Acquisition Facility and the Canadian Term Facility, and (iii) in the case of the Issuing Lenders only and pursuant to the Operating Facilities only, Documentary Credits pursuant to Article 5.

  • Promptly upon receipt of such written notice, the Administrative Agent shall deliver a copy to each U.S. Term Lender and each Canadian Term Lender and the initial Maturity Date for the U.S. Term Facility and/or the Canadian Term Facility shall be deemed so extended.

  • Each Canadian Term Lender severally agrees to make Loans in U.S. Dollars available to the Canadian Borrower under the Canadian Term Facility on the Closing Date in accordance with the Canadian Term Commitment of such Canadian Term Lender.

  • Thereafter, the Canadian Term Facility Exchange Rate shall be fixed during the life of the Canadian Term Loan Facility.

  • The aggregate purchase price for this acquisition was $124.2 million cash and was funded by the Canadian Term Facility.

  • The Canadian Term Facility shall be available to the Canadian Borrower from the Canadian Term Lenders by way of Loans in an amount up to the Canadian Term Committed Amount in U.S. Dollars by way of U.S. Prime Rate Loans (or U.S. Base Rate Loans for any Canadian Lender whose lending office is located in Canada) or LIBOR Loans.


More Definitions of Canadian Term Facility

Canadian Term Facility means the reducing term facility to be made available to Bracknell by the Domestic Lenders under this Agreement for the purposes set out in Section 2.03.
Sample 1Sample 2
Canadian Term Facility means the Canadian Term Commitments and the Canadian Term Loans made thereunder.
Sample 1Sample 2

Related to Canadian Term Facility

  • New Term Facility has the meaning specified in Section 2.14(a).

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche A Term Loan as defined in Section 2.1.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • New Term Loans as defined in Section 2.24.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Tranche A Term Lender means a Lender with a Tranche A Term Commitment or an outstanding Tranche A Term Loan.