Canadian Dollar Equivalent Amount definition

Canadian Dollar Equivalent Amount means, on any given date, the amount of Canadian Dollars which could be purchased with the relevant amount of a currency at the then applicable Spot Rate at 11:00 a.m. Toronto time on such date (and if such date is not a Business Day, on the preceding Business Day) for the purchase of Canadian Dollars with such currency.

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Canadian Dollar Equivalent Amount means, on any given date, the --------------------------------- amount of Canadian Dollars which could be purchased with the relevant amount of United States Dollars at the then applicable Spot Rate on such date (and if such date is not a Business Day, on the preceding Business Day) for the purchase of Canadian Dollars with United States Dollars.

Canadian Dollar Equivalent Amount means, on any day, in relation to an amount denominated in a currency other than Canadian Dollars (the “Other Currency”), the amount of Canadian Dollars that could be sold in exchange for that amount denominated in the Other Currency using the Bank of Canada noon exchange rate prevailing on that day.

Examples of Canadian Dollar Equivalent Amount in a sentence

• 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).

• For purposes of recovery by the Bank of amounts debited to the Account, the Canadian Dollar Equivalent Amount shall apply, with the applicable rate of currency conversion being no less than the rate of conversion at the time of default hereunder or the time of demand hereunder, whichever is greater.

• 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 foreign exchange contracts (including hedging and futures contracts as well as option agreements) are available to the Borrower only in ABN AMRO's absolute discretion, and shall not, in any case, be for a term longer than twelve (12) months and the aggregate nominal value of all such foreign exchange contracts shall not at any time exceed One Million U.S. Dollars (U.S. $1,000,000) or the Canadian Dollar Equivalent Amount thereof.

• Except as the Administrative Agent may otherwise agree in connection with the completion of a successful syndication, any such assignment shall be in a minimum aggregate amount equal to US$2,000,000 or the Canadian Dollar Equivalent Amount thereof or, if less, the remaining Commitment and Loans held by the assigning Lender.

• 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).

• Letters of Credit issued under the US Letter of Credit Facility shall be issued in Dollars and Letters of Credit issued under the Canadian Letter of Credit Facility may be issued in Dollars or in the Canadian Dollar Equivalent Amount of Canadian Dollars.

• 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.

• In ascertaining whether this limit has been exceeded on any date, the Canadian Dollar Equivalent Amount of the face amount of any Letter of Credit issued in U.S. Dollars or other non-Canadian currency at the time of such calculation shall be used.

• Such wire transfer shall be directed to the Relevant Agent at its Principal Office and shall be in the form of Dollars or, solely with respect to the Canadian Revolving Credit Facility and as selected by the applicable Facility Borrower, the Canadian Dollar Equivalent Amount of Canadian Dollars, in each case constituting immediately available funds.

More Definitions of Canadian Dollar Equivalent Amount

Canadian Dollar Equivalent Amount means (a) with respect to any amount outstanding under the Canadian Note, such amount, and (b) with respect to any amount outstanding under the American Note, the Canadian Dollar Exchange Amount.

Canadian Dollar Equivalent Amount means with respect to Canadian Dollars and a specified Dollar amount, the amount of Canadian Dollars into which such Dollar amount would be converted, based on the applicable Advance Date Exchange Rate.

Canadian Dollar Equivalent Amount means: (a) the number of Canadian Dollars that is equivalent to an amount of a currency other than Canadian Dollars, determined by applying the selling rate of Royal Bank of Canada or another bank of comparable size selected by Canadian Agent; or (b) in the event that Canadian Agent shall not at the time be offering such a rate, the amount of Canadian Dollars that Canadian Agent, in its sole judgment, specifies as sufficient to reimburse or provide funds to Canadian Agent in respect of any such amounts; in either case as and when determined by Canadian Agent.

Canadian Dollar Equivalent Amount means, for any amount to be paid into Common Shares pursuant to this Agreement that is expressed in US dollars, C$1.2700.

Canadian Dollar Equivalent Amount means, on any date, the equivalent amount in Canadian Dollars of an amount in some other freely-traded currency (the “Other Currency”) after giving effect to a conversion of such amount of the Other Currency to Canadian Dollars at the spot buying rate quoted for wholesale transactions by the Agent at or as close as possible to 12:00 noon (Toronto time) on that date.

Canadian Dollar Equivalent Amount means, at any time, the amount of Canadian dollars into which U.S. dollars may be converted at the Bank’s applicable noon spot buying rate at such time.