Maximum Canadian Available Amount definition

Maximum Canadian Available Amount means $50,000,000. In connection with the application of any provision hereof using the term "Maximum Canadian Available Amount", any amounts denominated in Canadian Dollars shall be converted to Dollars using the then current Exchange Rate. The Maximum Canadian Available Amount is subject to change pursuant to Section 2.04(c) hereof.
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Maximum Canadian Available Amount any amounts denominated in Canadian Dollars shall be converted to Dollars using the then current Exchange Rate. The Maximum Canadian Available Amount is subject to change pursuant to Section 2.4(c) hereof.
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Maximum Canadian Available Amount means US$20,000,000. In connection with the application of any provision hereof using the term "Maximum Canadian Available Amount", any amounts denominated in Canadian Dollars shall be converted to Dollars using the then current Exchange Rate. The Maximum Canadian Available Amount is subject to change pursuant to Section 2.5(c) and Section
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Examples of Maximum Canadian Available Amount in a sentence

  • No Canadian Letter of Credit may be issued if after giving effect thereto the sum of (A) the aggregate outstanding principal amount of Canadian Revolving Loans plus (B) the aggregate Letter of Credit Liabilities relating to Canadian Letters of Credit plus (C) the aggregate Bankers' Acceptance Liabilities would exceed the Maximum Canadian Available Amount.

  • No Canadian Letter of Credit may be issued if after giving effect thereto the sum of (A) the aggregate outstanding principal amount of Canadian Loans plus (B) the aggregate Letter of Credit Liabilities relating to Canadian Letters of Credit plus (C) the aggregate Bankers' Acceptance Liabilities would exceed the Maximum Canadian Available Amount.

  • No Canadian Letter of Credit may be issued if after giving effect thereto the sum of (A) the aggregate outstanding principal amount of the Canadian Loans plus (B) the aggregate Letter of Credit Liabilities relating to the Canadian Letters of Credit plus (C) the aggregate Bankers' Acceptance Liabilities would exceed the Maximum Canadian Available Amount.

  • Such reimbursement may, subject to satisfaction of the conditions in Article V and to the Maximum U.S. Available Amount or Maximum Canadian Available Amount, as the case may be (after adjustment in the same to reflect the elimination of the corresponding Letter of Credit Liability), be made by a borrowing comprised of Loans or, in the case of the Canadian Borrower, by the issuance, acceptance and purchase of Bankers' Acceptances.

  • Such reimbursement may, subject to satisfaction of the conditions in Sections 5.1 and 5.2 hereof and to the Maximum U.S. Available Amount or Maximum Canadian Available Amount, as the case may be (after adjustment in the same to reflect the elimination of the corresponding Letter of Credit Liability), be made by the borrowing of Loans or, in the case of the Canadian Borrower, by the issuance, acceptance and purchase of Bankers' Acceptances.

  • The aggregate of all Canadian Revolving Loans to be made by the Canadian Lenders in connection with a particular borrowing shall be equal to the lesser of (i) the unutilized portion of the Maximum Canadian Available Amount or (ii) $200,000 or any integral multiple of $100,000 in excess thereof (if the Loans are denominated in Dollars) or C$200,000 or any integral multiple of C$100,000 in excess thereof (if the Loans are denominated in Canadian Dollars).

  • No Canadian Letter of Credit may be issued if after giving effect thereto the sum of (A) the aggregate outstanding principal amount of Canadian Revolving Loans plus (B) the aggregate Letter of Credit Liabilities relating to Canadian Letters of Credit plus (C) the aggregate Bankers’ Acceptance Liabilities would exceed the Maximum Canadian Available Amount.

  • No Canadian Letter of Credit may be issued if after giving effect thereto the sum of, without duplication, (A) the aggregate outstanding principal amount of Canadian Revolving Loans plus (B) the aggregate Letter of Credit Liabilities relating to Canadian Letters of Credit plus (C) the aggregate Bankers’ Acceptance Liabilities would exceed the Maximum Canadian Available Amount.


More Definitions of Maximum Canadian Available Amount

Maximum Canadian Available Amount means, at any date, an amount equal to the lesser of (i) $10,000,000 or (ii) the then effective Canadian Borrowing Base. In connection with the
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