Committed Canadian Borrowing definition
Committed Canadian Borrowing means a borrowing consisting of simultaneous Committed Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Rate Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.01.
Examples of Committed Canadian Borrowing in a sentence
In the case of a Committed Canadian Borrowing, each Canadian Lender shall make the amount of its Committed Canadian Loan available to the Canadian Agent in immediately available funds at the Canadian Agent’s Office not later than 1:00 p.m. (Toronto time) on the Business Day specified in the applicable Committed Loan Notice.