Canadian Total Outstandings definition

Canadian Total Outstandings means, without duplication, the aggregate Outstanding Amount of all Canadian Loans and all Canadian L/C Obligations.
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Examples of Canadian Total Outstandings in a sentence

  • Subject to the terms and conditions set forth herein, the Canadian Lender agrees to make loans (each such loan, a “Canadian Loan”) to any Canadian Borrower in Canadian Dollars from time to time, on any Business Day during the Availability Period; provided that after giving effect to any Canadian Borrowing, the Canadian Total Outstandings shall not exceed the amount of the Canadian Commitment.

  • The Canadian Borrower shall repay to the Canadian Lenders on the Termination Date the Canadian Total Outstandings on such date.

  • Prepayment under Section 2.05(g) shall be applied first to US Total Outstanding and then to the Canadian Total Outstandings and, in each case, first to outstanding Loans, then, in the case of the Canadian Total Outstandings, BAs, then to Cash Collateralize L/C Obligations.

  • The Canadian Borrower shall not be required to Cash Collateralize BAs or the Canadian L/C Obligations pursuant to this Section 2.05(d) unless after the prepayment in full of the Canadian Loans the Canadian Total Outstandings exceed the Canadian Allocated Aggregate Commitment then in effect.

  • Canadian Administrative Agent shall have the right to calculate the Canadian Total Outstandings for all purposes, including making determinations from time to time of US Dollar Equivalent of Outstanding Amounts of Canadian Dollar-denominated obligations and the available undrawn portion of the Canadian Allocated Aggregate Commitment which determination, when notified to the Canadian Borrower, will be conclusive, absent manifest error.

  • Prepayment under Section 2.05(e) or (f) shall be applied (i) in the case of Net Cash Proceeds or Extraordinary Receipts in respect of assets of the Canadian Borrower or any other Subsidiaries which are incorporated in Canada or a province thereof, to the Canadian Total Outstandings, and (ii) otherwise to the US Total Outstandings and, in each case, first to outstanding Loans, then, in the case of the Canadian Total Outstandings, BAs, then to Cash Collateralize L/C Obligations.

Related to Canadian Total Outstandings

  • Total Outstandings means the aggregate Outstanding Amount of all Loans and all L/C Obligations.

  • Total Revolving Outstandings means the aggregate Outstanding Amount of all Revolving Loans and all L/C Obligations.

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans and its LC Exposure at such time.

  • Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans at such time.