Examples of Canadian Dollar Equivalent Amount in a sentence
The term of this Agreement shall commence on the last signature date of this Agreement and shall continue for a term of one (1) year.
If at any time and for any reason the Canadian Dollar Equivalent Amount of all advances outstanding under the Notes shall exceed the lesser of the Maximum Loan Amount and the Borrowing Base, the Borrower shall immediately repay an amount of the Indebtedness equal to such excess.
The Borrower and the Bank acknowledge and agree that the American Note is intended to offer the Borrower the opportunity to borrow in U.S. Dollars, but only in an amount such that the Canadian Dollar Equivalent Amount of the sum of all advances outstanding under the Notes shall not exceed the lesser of the Borrowing Base and the Maximum Loan Amount.
The Borrower shall pay to LaSalle at the end of each month, in arrears, an unused line fee equal to one-quarter of one percent (.25%) per annum on the daily average amount by which the Revolving Credit Commitment exceeds the sum of the outstanding principal balance of the Revolving Loans and the L/C Liabilities, all as defined in this Agreement and all expressed as the Canadian Dollar Equivalent Amount.
Without limiting the foregoing, each Lender or the Issuing Bank, as applicable, will designate a different funding office if such designation will avoid (or reduce the cost to the Borrower of) any event described in clause (i) or (ii) above and such designation will not, in such Lender’s sole judgment, impose aggregate expenses in excess of US$1,000 or the Canadian Dollar Equivalent Amount thereof on such Lender or be otherwise disadvantageous to such Lender.
Not cancel any claim or Debt owing to it, other than (i) in connection with trade discounts or allowances granted in the ordinary course of its business consistent with past practices and (ii) so long as no Event of Default or Unmatured Event of Default is then outstanding, the cancellation of Debts or claims not to exceed US$100,000 or the Canadian Dollar Equivalent Amount thereof in any Fiscal Year in connection with the resolution of good faith disputes relating thereto.
All prepayments of Revolving Credit Loans made by the applicable Facility Borrower shall be in the minimum amount of $100,000 (or the Canadian Dollar Equivalent Amount thereof in Canadian Dollars) or such greater amount which is an integral multiple of $100,000 (or the Canadian Dollar Equivalent Amount thereof in Canadian Dollars), or the amount equal to all Revolving Credit Outstandings, or such other amount as necessary to comply with Section 2.1(e) or Section 2.2(b).
The Canadian Agent will promptly notify the Canadian Borrower and the Canadian Banks of any such redenomination, and in such notice, the Canadian Agent will state the aggregate Canadian Dollar Equivalent Amount of the redenominated Canadian Optional Currency Loans as of the Canadian Computation Date with respect thereto and such Canadian Bank's Canadian Ratable Share thereof.
The Borrower shall pay to ABN AMRO at the end of each month, in arrears, an unused line fee equal to three-eighths percent (0.375%) per annum on the daily average amount by which the Revolving Credit Commitment exceeds the sum of the outstanding principal balance of the Revolving Loans and the L/C Liabilities, all as defined in this Agreement and all expressed as the Canadian Dollar Equivalent Amount.
Each Advance under the Revolving Credit Facilities, other than Base Rate Refunding Loans and Bankers' Acceptances, shall be in an amount of at least $100,000 (or the Canadian Dollar Equivalent Amount thereof in Canadian Dollars), and, if greater than $100,000, an integral multiple of $100,000 (or the Canadian Dollar Equivalent Amount thereof in Canadian Dollars).