Canadian Borrowing definition

Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

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Canadian Borrowing means a Canadian Committed Borrowing made to the Canadian Borrower or the Foreign Borrower (to the extent based on Canadian Availability) or a Swing Line Borrowing made to the Canadian Borrower or the Foreign Borrower (to the extent based on Canadian Availability), as the context may require.

Canadian Borrowing means a Borrowing of Canadian Loans.

Examples of Canadian Borrowing in a sentence

• Notwithstanding that any Person whose signature appears on any B/A may no longer be an authorized signatory for any of the Lenders or such Canadian Borrowing Subsidiary at the date of issuance of such B/A, such signature shall nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance and any such B/A so signed and properly completed shall be binding on such Canadian Borrowing Subsidiary.

• Each such B/A Equivalent Loan will bear interest at the same rate that would result if such Lender had accepted (and been paid an acceptance fee) and purchased (on a discounted basis) a B/A for the relevant Contract Period (it being the intention of the parties that each such B/A Equivalent Loan shall have the same economic consequences for the Lenders and the applicable Canadian Borrowing Subsidiary as the B/A that such B/A Equivalent Loan replaces).

• Subject to the repayment requirements of this Agreement, on the last day of the relevant Contract Period for such B/A Equivalent Loan, the applicable Canadian Borrowing Subsidiary shall be entitled to convert each such B/A Equivalent Loan into another type of Loan, or to roll over each such B/A Equivalent Loan into another B/A Equivalent Loan, all in accordance with the applicable provisions of this Agreement.

• The acceptance fee payable by the applicable Canadian Borrowing Subsidiary to a Lender under Section 2.12 in respect of each B/A accepted by such Lender shall be set off against the Discount Proceeds payable by such Lender under this paragraph.

• Upon request by any Canadian Borrowing Subsidiary, a Lender shall cancel all forms of B/A that have been pre-signed or pre-endorsed on behalf of such Canadian Borrowing Subsidiary and that are held by such Lender and are not required to be issued pursuant to this Agreement.

More Definitions of Canadian Borrowing

Canadian Borrowing means a Borrowing by the Canadian Borrower.

Canadian Borrowing means a borrowing consisting of simultaneous Canadian Advances made by the Canadian Lenders pursuant to Section 2.1(b).

Canadian Borrowing means a B/A Borrowing or a Canadian Revolving Borrowing.

Canadian Borrowing means a borrowing consisting of simultaneous Canadian Borrower Advances of the same Type made by the Canadian Lenders.

Canadian Borrowing means a borrowing hereunder consisting of Canadian Advances of the same Canadian Type made (or accepted or purchased, as applicable) on the same day by the Canadian Banks pursuant hereto; provided that (i) all Canadian Prime Rate Advances outstanding at any time shall thereafter be deemed to be one Canadian Borrowing, and (ii) subject to the provisions hereof, such Canadian Borrowing may be divided ratably to form multiple Canadian Borrowings (with the result that each Canadian Bank’s Canadian Advance as a part of each such multiple Canadian Borrowing is proportionately the same as its Canadian Advance as a part of such divided Canadian Borrowing) or combined with all or a ratable portion of one or more other Canadian Borrowings to form a new Canadian Borrowing, such division or combination to be made by notice from the Canadian Borrower given to the Canadian Administrative Agent not later than 11:00 A.M. on the third Canadian Business Day prior to the proposed division or combination specifying the date of such division or combination (which shall be a Canadian Business Day) and all other relevant information (such as the Canadian Borrowings to be divided or combined, the respective amounts of the Canadian Borrowings resulting from any such division, the relevant maturity date(s), the amount of the Canadian Prime Rate Advances or other Borrowings to be so combined and such other information as the Canadian Administrative Agent may request), but in no event shall any Canadian Borrowing resulting from, or remaining after, any such division or combination be less than C$5,000,000 or shall any Canadian Bankers’ Acceptance or Canadian BA Equivalent Loan be less than C$100,000 (and in multiples of C$100,000 for any amounts in excess thereof), and in all cases each Canadian Bank’s Canadian Advance as a part of each such combined, resultant or remaining Canadian Borrowing shall be proportionately the same as its Canadian Advances as a part of the relevant Borrowings prior to such division or combination and each combined, resultant or remaining Canadian Borrowing shall be in an integral multiple of C$1,000,000. Each Canadian Borrowing comprised of a Canadian Type of Canadian Advances shall be that “Canadian Type” of Canadian Borrowing.

Canadian Borrowing means all Canadian Revolving Loans of a single Type and made on a single date and, in the case of Term SOFR Loans or BA Equivalent Loans, as to which a single Interest Period or BA Equivalent Interest Period, respectively, is in effect. Unless the context indicates otherwise, the term “Canadian Borrowing” shall also include any Canadian Swingline Borrowing and any Canadian Agent Advance.

Canadian Borrowing means a Borrowing of Canadian Loans. “Canadian Dollar” and/or “CAD” means the lawful currency of Canada.