Wage Earner Protection Act Reserve means, on any date of determination, an Availability Reserve established from time to time by the Administrative Agent in its commercially reasonable discretion from the perspective of an asset-based lender exercised in good faith in such amount as the Administrative Agent determines reflects the amounts which would give rise to a Lien under the Wage Earner Protection Program Act (Canada) with respect to the employees of any Loan Party employed in Canada with priority under Applicable Law over the Lien of the Collateral Agent.
Wage Earner Protection Act Reserve means, on any date of determination, a reserve established from time to time by the Administrative Agent in such amount as the Administrative Agent determines in its Permitted Discretion reflects the amounts that may become due under the Wage Earner Protection Program Act (Canada) with respect to the employees of any Loan Party employed in Canada which would give rise to a Lien with priority under applicable law over the Lien of the Administrative Agent.
Wage Earner Protection Act Reserve on any date of determination, a reserve established from time to time by Administrative Agent in such amount as Administrative Agent determines reflects the amounts that may become due under the Wage Earner Protection Program Act (Canada) with respect to the employees of any Loan Party employed in Canada which would give rise to a Lien with priority under applicable law over the Lien securing the Obligations. “Weighted Average Life to Maturity”: means, when applied to any Indebtedness at any date, the number of years obtained by dividing (i) the sum of the products obtained by multiplying (x) the amount of each then remaining installment or other required scheduled payments of principal, including payment at final maturity, in respect thereof, by (y) the number of years (calculated to the nearest one- twelfth) that will elapse between such date and the making of such payment by (ii) the then outstanding principal amount of such Indebtedness. “Wholly Owned Subsidiary”: as to any Person, any other Person all of the Capital Stock of which (other than directors’ qualifying shares required by law) is owned by such Person directly and/or through other Wholly Owned Subsidiaries. “Wintergreen”: Wintergreen Transport Corporation ULC, an unlimited liability company formed under the laws of British Columbia. “Working Capital Facility Commitments”: the Dollar Working Capital Facility Commitments and/or the Multicurrency Working Capital Facility Commitments, as the context requires. “Working Capital Facility Letter of Credit”: any Dollar Working Capital Facility Letter of Credit and any Multicurrency Working Capital Facility Letter of Credit. “Working Capital Facility Lender”: any Dollar Working Capital Facility Lender and any Multicurrency Working Capital Facility Lender. “Working Capital Facility Loans”: collectively, the Dollar Working Capital Facility
More Definitions of Wage Earner Protection Act Reserve
Wage Earner Protection Act Reserve means, on any date of determination, a reserve established
Wage Earner Protection Act Reserve means, on any date of determination, an Availability Reserve (without duplication of any other Reserves or items that are otherwise addressed or excluded through eligibility criteria) established from time to time by the Administrative Agent in its commercially reasonable discretion from the perspective of an asset-based lender exercised in good faith in such amount as the Administrative Agent determines reflects the amounts which would give rise to a Lien under the Wage Earner Protection Program Act (Canada) with respect to the employees of any Loan Party employed in Canada with priority under Applicable Law over the Lien of the Collateral Agent.
Wage Earner Protection Act Reserve on any date of determination, a reserve established from time to time by Administrative Agent in such amount as Administrative Agent determines reflects the amounts that may become due under the Wage Earner Protection Program Act (Canada) with respect to the employees of any Loan Party employed in Canada which would give rise to a Lien with priority under applicable law over the Lien securing the Obligations. “Weighted Average Life to Maturity”: when applied to any Indebtedness at any date, the number of years obtained by dividing (i) the sum of the products obtained by multiplying (x) the amount of each then remaining installment or other required scheduled payments of principal, including payment at final maturity, in respect thereof, by (y) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment by (ii) the then outstanding principal amount of such Indebtedness.
Wage Earner Protection Act Reserve means, on any date of determination, a reserve established from time to time by Administrative Agent in such amount as Administrative Agent determines reflects the amounts that may become due under the Wage Earner Protection Program Act (Canada) with respect to the employees of any Loan Party employed in Canada which would give rise to a Lien with priority under applicable law over the Lien of Administrative Agent. “WDCC Enterprises $90,000,000 Intercompany Loan” means that certain Intercompany Loan by New Canada XX XX to WDCC Enterprises in the original principal amount of Cdn $90,000,000 made on or about the EECOL Acquisition Closing Date and evidenced by the WDCC Enterprises Cdn $90,000,000 Intercompany Note. “WDCC Enterprises $90,000,000 Intercompany Note” means that certain Intercompany Note from WDCC Enterprises to New Canada XX XX dated on or about the Acquisition Closing Date in the original principal amount of Cdn $90,000,000.
Wage Earner Protection Act Reserve means, on any date of determination, a reserve established from time to time by Administrative Agent in such amount as Administrative Agent determines reflects