North American Minimum Requirement definition
North American Minimum Requirement means that at no time shall (a) the sum of the Canadian Borrowing Base plus the U.S. Tranche A Borrowing Base comprise less than 60.0% of the total Borrowing Base (without giving effect to the U.S. Tranche B. Borrowing Base); and (b) the sum of the Canadian Revolving Commitment plus the U.S. Tranche A Revolving Commitment comprise less than 60.0% of the total Ex-FILO Revolving Commitment.