Canadian Overadvance Loan. a Loan made to a Canadian Borrower when a Canadian Overadvance exists or is caused by the funding thereof. Canadian Overadvance Loan Balance: on any date, the Dollar Equivalent of the amount by which the aggregate Canadian Revolver Loans of the Applicable Canadian Borrower or all Canadian Borrowers, as the case may be, exceed the amount of the Canadian Borrowing Base of such Applicable Canadian Borrower or the Total Canadian Borrowing Base, as applicable, on such date.
Appears in 3 contracts
Samples: Intercreditor Agreement (MRC Global Inc.), Loan, Security and Guarantee Agreement (Edgen Group Inc.), Loan, Security and Guarantee Agreement (MRC Global Inc.)
Canadian Overadvance Loan. a Loan made to a the Canadian Borrower when a Canadian Overadvance exists or is caused by the funding thereof. Canadian Overadvance Loan Balance: on any date, the Dollar Equivalent of the amount by which the aggregate Canadian Revolver Loans of the Applicable Canadian Borrower or all Canadian Borrowers, as the case may be, exceed Exposure exceeds the amount of the Canadian Borrowing Base of such Applicable Canadian Borrower or the Total Canadian Borrowing Base, as applicable, on such date.
Appears in 3 contracts
Samples: Credit Agreement (Clean Harbors Inc), Credit Agreement (Clean Harbors Inc), Loan and Security Agreement (Cooper-Standard Holdings Inc.)
Canadian Overadvance Loan. a Loan made to a Canadian Borrower when a Canadian Overadvance exists or is caused by the funding thereof. Canadian Overadvance Loan Balance: on any date, the Dollar Equivalent of the amount by which the aggregate Canadian Revolver Loans of the Applicable Canadian Borrower or all Canadian Borrowers, as the case may be, exceed the amount of the Canadian Borrowing Base of such Applicable Canadian Borrower or the Total Canadian Borrowing Base, as applicable, Base on such date.
Appears in 1 contract
Samples: Loan, Security and Guarantee Agreement (South Texas Supply Company, Inc.)
Canadian Overadvance Loan. a Canadian Revolver Loan made to a the Canadian Borrower when a Canadian Overadvance exists or is caused by the funding thereof. Canadian Overadvance Loan Balance: on any date, the Dollar Equivalent of the amount by which the aggregate Canadian Revolver Loans of the Applicable Canadian Borrower or all Canadian Borrowers, as the case may be, exceed the amount of the Canadian Borrowing Base of such Applicable Canadian Borrower or the Total Canadian Borrowing Base, as applicable, on such date.
Appears in 1 contract
