Canadian Unused Line Fee definition

Canadian Unused Line Fee shall have the meaning provided in Section 3.2(b).

Canadian Unused Line Fee. Rate: at any date of determination, a rate per annum equal to (a) .25% when the Canadian Revolver Exposure is greater than 50% of the Canadian Revolver Commitments and (b) .375% at all other times. Capital Expenditures: all liabilities incurred or expenditures made by a Loan Party or Restricted Subsidiary for the acquisition of any fixed assets, or any improvements, replacements, substitutions or additions thereto with a useful life of more than one (1) year that would, in any case, in accordance with GAAP, be included as additions to property, plant and equipment, but excluding (to the extent that they would otherwise be included): including, for the avoidance of doubt, any amount included in the calculation of the Fixed Charge Coverage Ratio (i) any expenditures during such period made for the replacement or restoration of assets with assets of the same or similar type to the extent paid for by any identifiable proceeds of casualty insurance or condemnation awards; (ii) the purchase price of assets purchased during such period to the extent the consideration therefor consists of the proceeds of a substantially concurrent sale of assets; (iii) any expenditures for the purchase price of assets acquired in an acquisition during such period; (iv) liabilities incurred or expenditures made to the extent such Loan Party or Restricted Subsidiary has received reimbursement in cash from a third party during such period; (v) the non-cash book value of any asset owned by any Loan Party or Restricted Subsidiary which is included as an addition to property, plant and equipment as a result of the reuse of such asset during such period without a corresponding expenditure actually having been made or liability incurred in such period; (vi) the non-cash purchase price of equipment purchased during such period to the extent the consideration therefor consists of used or surplus equipment traded in at the time of such purchase; (vii) the non-cash purchase price of equipment that is purchased during such period and substantially contemporaneously with the trade-in of existing equipment to the extent that the gross amount of such purchase price is reduced by the credit granted by the seller of such equipment for the equipment being traded in at such time; and (viii) any expenditures during such period made with the proceeds of an issuance of Equity Interests by Intermediate Holdings with respect to which: (a) such proceeds shall have been received by Intermediate Holdings wit...

Canadian Unused Line Fee has the meaning specified therefor in Section 2.10(b) of this Agreement.

Examples of Canadian Unused Line Fee in a sentence

• Following the effectiveness of the ESG Amendment, any modification to the ESG Pricing Provisions which does not have the effect of reducing the U.S. Unused Line Fee Rate, Canadian Unused Line Fee Rate, U.K./Dutch Unused Line Fee Rate and German Unused Line Fee Rate payable pursuant to Section 3.2.1 or the Applicable Margin for Loans to a level not otherwise permitted by this paragraph shall be subject only to the consent of the Required Lenders.

• Until a Defaulting Canadian Lender cures its failure to fund its Pro Rata Share of any Borrowing (A) such Defaulting Canadian Lender shall not be entitled to any portion of the Canadian Unused Line Fee and (B) the Canadian Unused Line Fee shall accrue in favor of the Canadian Lenders which have funded their respective Pro Rata Shares of such requested Borrowing and shall be allocated among such performing Canadian Lenders ratably based upon their relative Canadian Revolving Credit Commitments.

• Hepatic impairment (aspartate transaminase [AST] or alanine transaminase [ALT] >3x the upper limit of normal [ULN]; or total bilirubin >2x ULN at time of enrolment).

• All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate), Canadian Prime Rate Loans, Bankers’ Acceptances and the US or Canadian Unused Line Fee shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.

More Definitions of Canadian Unused Line Fee

Canadian Unused Line Fee. >") in an amount equal to the Applicable Unused Line Fee Percentage per annum times the result of (x) the aggregate amount of the Canadian Revolver Commitments, less (y) the average amount of Canadian Revolver Usage during the immediately preceding month (or portion thereof); (ii) Belgian Borrower shall pay to Agent, for the ratable account of the Revolving Lenders that hold Belgian Revolver Commitments, an Unused Line Fee (the <“>"Belgian Unused Line Fee<”>") in an amount equal to the Applicable Unused Line Fee Percentage per annum times the result of (x) the aggregate amount of the Belgian Revolver Commitments, less (y) the average amount of Belgian Revolver Usage during the immediately preceding month (or portion thereof); (iii) German Borrower shall pay to Agent, for the ratable account of the Revolving Lenders that ​

Canadian Unused Line Fee. Rate: a per annum rate equal to 0.25%. Capital Expenditures: all liabilities incurred or expenditures made by an Obligor or Subsidiary for the acquisition of fixed assets, or any improvements, replacements, substitutions or additions thereto with a useful life of more than one year. Capital Lease: any lease that is required to be capitalized for financial reporting purposes in accordance with GAAP. Cash Collateral: cash, and any interest or other income earned thereon, that is delivered to Agent to Cash Collateralize any Obligations. Cash Collateral Account: the U.S. Cash Collateral Account and/or the Canadian Cash Collateral Account and/or the U.K. Cash Collateral Account, as the context may require.

Canadian Unused Line Fee has the meaning specified in Section 2.5(b).