Total Canadian Commitment definition

Total Canadian Commitment means, at any time, the sum of the Canadian Commitments of each of the Lenders at such time.
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Total Canadian Commitment means the sum of the Canadian Commitments of the Canadian Lenders as the same may be decreased pursuant to the terms of this Agreement. As of the Closing Date, the Total Canadian Commitment is $20,000,000.
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Total Canadian Commitment means the sum of the Canadian Commitments of the Canadian Lenders as the same may be decreased pursuant to the terms of this Agreement. As of the Closing Date, the Total Canadian Commitment is $25,000,000.
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Examples of Total Canadian Commitment in a sentence

  • A Canadian Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Canadian Letter of Credit, the Canadian Borrower shall be deemed to represent and warrant that after giving effect to such issuance, amendment, renewal or extension (i) the Canadian L/C Exposure shall not exceed the Canadian Dollar Equivalent of U.S.$7,500,000 and (ii) the aggregate Canadian Credit Exposure shall not exceed the Total Canadian Commitment.

  • If on any Calculation Date, the aggregate Canadian Credit Exposure would exceed the Total Canadian Commitment, then on the immediately succeeding Reset Date the Canadian Borrower shall repay or prepay Canadian Borrowings (or defease B/A Borrowings as described in Section 2.11(a)) and/or replace or cash collateralize outstanding Canadian Letters of Credit in an amount sufficient to eliminate such excess.

  • The Total Canadian Commitment shall be permanently reduced by the amount of such reallocation, and the Total Domestic Revolving Commitment shall be increased by the same amount but in no event shall exceed $44,500,000.

  • The sum of the Total Canadian Commitment, the Total Domestic Commitment, the Total U.K. Commitment and the Total PR Commitment, each as in effect from time to time.

  • On the Closing Date, the Total Canadian Commitment is $4,500,000.Total Commitment.

  • The Total Canadian Commitment shall be permanently reduced by each optional repayment of the Canadian Loans hereunder until the total U.S. Dollar Equivalent of the Canadian Commitment is $500,000, and the Total Domestic Revolving Commitment shall be increased by the same amount in accordance with Section 2.3.2 hereof.

  • The Credit Agreement is hereby amended by deleting in its entirety §2.4(b)(iii) of the Credit Agreement and substituting the following new §2.4(b)(iii) in lieu thereof: (iii) No Reallocation shall increase (A) the Total Canadian Commitment in excess of $125,000,000, (B) the Total U.K. Commitment in excess of $125,000,000 or (C) the Total PR Commitment in excess of $15,000,000.

  • In no event shall the Dollar Equivalent of the aggregate face amount of all outstanding Bankers' Acceptances exceed the Total Canadian Commitment minus the sum of the outstanding principal amount of all Canadian Loans (expressed in its Dollar Equivalent thereof), plus the Maximum Drawing Amount (expressed in its Dollar Equivalent thereof) of all outstanding Canadian Letters of Credit.

  • Software will be delivered by electronic means unless otherwise specified on the applicable quote.

  • No reduction or termination of the Total Commitment, the Total Domestic Commitment or the Total Canadian Commitment once made may be revoked; the portion of the Total Commitment, the Total Domestic Commitment or the Total Canadian Commitment reduced or terminated may not be reinstated; and amounts in respect of such reduced or terminated portion may not be reborrowed.


More Definitions of Total Canadian Commitment

Total Canadian Commitment means, at any time, the aggregate amount of the Canadian Commitments, as in effect at such time.
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Total Canadian Commitment means the sum of the Commitments as available to the Company from time to time.
Sample 1Sample 2
Total Canadian Commitment the sum of the Canadian Commitments of the Canadian Banks, as in effect from time to time.
Sample 1Sample 2

Related to Total Canadian Commitment

  • Total Commitment means, at any time, the sum of the Commitments of each of the Lenders at such time.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.

  • Aggregate Revolving Commitment means, at any time, the aggregate of the Revolving Commitments of all of the Lenders, as increased or reduced from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $75,000,000.

  • Total Commitments at any time, the aggregate amount of the Commitments then in effect.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.