Canadian Advance definition

Canadian Advance means (a) an advance by a Canadian Lender to the Canadian Borrower as a part of a Borrowing pursuant to Section 2.1 and refers to either a Canadian Base Rate Advance or a Eurocurrency Advance, and (b) a B/A accepted and purchased by a Canadian Lender pursuant to Section 2.5 and B/A Equivalent Advances made by a Canadian Lender pursuant to Section 2.5.

Canadian Advance means an advance denominated in a Designated Currency as a part of a Canadian Borrowing and refers to either a Canadian (US) Base Rate Advance, a Canadian (Cdn) Base Rate Advance, a Eurocurrency Advance, or a B/A accepted and purchased by a Canadian Facility Lender pursuant to Section 2.18 and B/A Equivalent Advances made by a Lender pursuant to Section 2.18.

Canadian Advance means a borrowing hereunder (a) made by some or all of the Canadian Lenders on the same Borrowing Date or (b) converted or continued by the Canadian Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the Canadian Revolving Loans of the same Type and, in the case of the Canadian Fixed Rate Loans, for the same Interest Period. The term “Canadian Advance” shall include Protective Advances made by the Canadian Correspondent Lender.

Examples of Canadian Advance in a sentence

• The “Class” of an Advance refers to the determination of whether such Advance is a US Advance, a Canadian Advance or a Swing Line Advance.

• The fair values of the Argentine guarantees were $858 and $1,498 as of September 30, 2009 and 2008, respectively.

• Each Syndicated Canadian Advance which is a CDOR Advance shall be discounted over the relevant Interest Period at CDOR.

• Each Borrower shall select the Type of Syndicated Global Advance or Syndicated Canadian Advance and, in the case of each Eurocurrency Rate Advance or CDOR Advance, the Interest Period and permitted currency applicable to each Syndicated Global Advance, Syndicated Canadian Advance and CDOR Advance from time to time.

• When the Canadian Borrower desires to borrow under this Section 2.2, the Canadian Borrower shall deliver to the Global Administrative Agent a Syndicated Canadian Advance Borrowing Notice, signed by it, as provided in Section 2.6(a)(ii) specifying that the Canadian Borrower is requesting a Syndicated Canadian Loan pursuant to this Section 2.2. Any Syndicated Canadian Advance Borrowing Notice given pursuant to Section 2.6(a)(ii) shall be irrevocable.

More Definitions of Canadian Advance

Canadian Advance means an advance under the Canadian Facility made in Canadian Dollars or US Dollars to a Canadian Borrower and refers to a Canadian Prime Rate Advance, a Base Rate Advance or a Eurocurrency Rate Advance (each of which shall be a “Type” of Canadian Advance).

Canadian Advance means a Canadian Contract Advance or a Canadian Competitive Advance.

Canadian Advance means (a) (i) an advance denominated in Canadian Dollars by a Canadian Lender to the Canadian Borrower as a part of a Borrowing pursuant to Section 2.1 and consisting of either a Canadian Prime Rate Advance or (ii) a B/A in Canadian Dollars accepted and purchased by a Canadian Lender pursuant to Section 2.5 and B/A Equivalent Advances in Canadian Dollars made by a Canadian Lender pursuant to Section 2.5, and (b) an advance denominated in Dollars by a Canadian Lender to the Canadian Borrower and refers to either (x) a Eurocurrency Advance or (y) a Base Rate Advance.

Canadian Advance means a borrowing under the Canadian Revol- ving Credit Facility consisting of the aggregate principal amount of a Domestic Base Rate Loan, Canadian Prime Rate Loan or a Fixed Rate Loan;

Canadian Advance means any advance or conversion under the Credit Facility requested by the Borrower in Canadian Funds and advanced by Royal in Canadian Funds or determined as such pursuant to Section 4.12;

Canadian Advance shall include Protective Advances made by the Canadian Correspondent Lender.

Canadian Advance means collectively any advance to Westcon Canada or all such advances hereunder.