Canadian Borrowing Base definition

Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

Canadian Borrowing Base means, at any time, with respect to the Canadian Loan Parties, the sum of:

Canadian Borrowing Base means, as of any date of calculation, the amount calculated consistent with the Borrowing Base Certificate most recently delivered to the Administrative Agent hereunder equal to:

Examples of Canadian Borrowing Base in a sentence

• For the avoidance of doubt, assets of the Canadian Loan Parties that would otherwise constitute Eligible Accounts, Eligible Credit Card Accounts Receivable, Eligible Investment Grade Accounts, Eligible Uninvoiced Accounts Receivable, Eligible Inventory or Eligible LC Inventory and could be included in the Canadian Borrowing Base shall be included in the Canadian Borrowing Base solely at the election of the Company.

• The Administrative Agent may, in its Permitted Discretion, adjust Reserves used in computing the Aggregate Borrowing Base and the Canadian Borrowing Base, with any such changes to be effective three Business Days after delivery of notice thereof to the Borrower Representative and the Lenders.

• The Aggregate Borrowing Base and the Canadian Borrowing Base at any time shall be determined by reference to the most recent Aggregate Borrowing Base Certificate and each other Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 5.01 of this Agreement.

More Definitions of Canadian Borrowing Base

Canadian Borrowing Base means, on any date of determination, an amount equal to the Dollar Equivalent of the Loan Value of the Eligible Collateral of the Canadian Loan Parties, less the Dollar Equivalent of the Availability Reserve to the extent attributable to the Canadian Loan Parties or the Canadian Collateral in the Administrative Agent’s Credit Judgment on such date.

Canadian Borrowing Base means, as of any date of determination, from time to time, as to the Canadian Credit Parties, an amount equal to the aggregate Dollar Equivalent of the sum at such time of:

Canadian Borrowing Base as of any date of determination, the result of, in each case using the Dollar Equivalent of all amounts in Canadian Dollars:

Canadian Borrowing Base means the Dollar Equivalent sum of the following as set forth in the most recently delivered Canadian Borrowing Base Certificate:

Canadian Borrowing Base means, with respect to the Canadian Loan Parties at any time, subject to the Eligibility Adjustment Principles and Borrowing Base Acquisition Adjustment Principles, the amount (expressed as a U.S. Dollar Equivalent amount) equal to:

Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

Canadian Borrowing Base means, only with respect to the Canadian Borrowers, the amount equal to the sum of: