Canadian Facility Commitment definition

Canadian Facility Commitment with respect to each Canadian Facility Lender, the commitment of such Canadian Facility Lender hereunder to make Extensions of Credit to the Borrowers in the amount set forth opposite its name on Schedule A hereto or as may subsequently be set forth in the Register from time to time.

Canadian Facility Commitment as to any Canadian Facility Lender, its obligation to make Loans to, and/or participate in Letters of Credit issued on behalf of, and/or participate in Agent Advances made to, in each case the Borrowers in an aggregate amount not to exceed at any one time outstanding the amount set forth opposite such Lender’s name in Schedule A under the heading “Canadian Facility Commitment” or, in the case of any Lender that is an Assignee, the amount of the assigning Lender’s Canadian Facility Commitment assigned to such Assignee pursuant to subsection 11.6(b) (in each case as such amount may be adjusted from time to time as provided herein); collectively, as to all the Canadian Facility Lenders, the “Canadian Facility Commitments.”

Canadian Facility Commitment means, at any time for any Canadian Lender, the amount of the “Canadian Facility Commitment” set forth opposite such Lender’s name on Annex I hereto or, for any Person becoming a Canadian Lender after the Closing Date, the amount of the assigned “Canadian Facility Commitment” set forth in the Assignment and Acceptance executed by such Person, as the same may be increased or decreased from time to time as a result of any reduction thereof pursuant to the terms hereof, any assignment thereof pursuant to Section 11.4, or any amendment thereof pursuant to Section 11.2.

Examples of Canadian Facility Commitment in a sentence

• Whenever a Canadian Borrower requests a Revolving Credit Loan by way of Bankers’ Acceptance, each Lender which is not a Schedule I Lender and each Non BA Lender shall, in lieu of accepting a Bankers’ Acceptance, make a BA Equivalent Loan in an amount equal to the Non BA Lender’s Canadian Facility Commitment Percentage.

• All calculations of the L/C Participants’ U.S. Facility Commitment Percentages and Canadian Facility Commitment Percentages shall be made from time to time by the Administrative Agent and Canadian Agent, as applicable, which calculations shall be conclusive absent manifest error.

• To the extent any amounts available for distribution pursuant to clause fourth are insufficient to pay all obligations described therein in full, such moneys shall be allocated pro rata among the Canadian Facility Lenders and Canadian Facility Issuing Lenders based on their respective Canadian Facility Commitment Percentages.

• Such L/C Fee shall be payable to the Administrative Agent for the account of the Lenders to be shared ratably among them in accordance with their respective Tranche A U.S. Facility Commitment Percentages or Tranche A Canadian Facility Commitment Percentages.

• No Canadian Facility Lender shall be responsible for any default of any other Canadian Facility Lender in respect to such other Canadian Facility Lender's obligation to make any Canadian Facility Loan hereunder nor shall the Canadian Facility Fronting Commitment of any Canadian Facility Lender or the Canadian Facility Commitment of any Lender be increased as a result of such default of any other Canadian Facility Lender.

More Definitions of Canadian Facility Commitment

Canadian Facility Commitment at any time, the sum of the Tranche A Canadian Facility Commitments and the Tranche A-1 Canadian Facility Commitments, in each case at such time. The original amount of the aggregate Canadian Facility Commitments is $150,000,000.

Canadian Facility Commitment means, with respect to any Lender, such Lender's Applicable Facility Commitment for the Canadian Facility.

Canadian Facility Commitment means, for each Lender, the amount set forth opposite such Lender’s name in Schedule 1.01(a) directly below the column entitled “Canadian Facility Revolving Commitment”, as same may be (x) reduced from time to time or terminated pursuant to Sections 4.02, 4.03 and/or 11, as applicable, (y) adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 2.13 or 13.04(b), or (z) increased from time to time pursuant to Section 2.14. In addition, the Canadian Facility Commitment of each Lender shall include each of its Initial Canadian Facility Commitment, and, subject to the consent of such Lender, any Extended Canadian Facility Commitment of such Lender. As of the Closing Date, the aggregate amount of Canadian Facility Commitments of the Canadian Facility Lenders is U.S. $100,000,000.

Canadian Facility Commitment means, for each Lender, the amount set forth opposite such Lender’s name in Schedule 1.01(a) directly below the column entitled “Canadian Facility Revolving Commitment”, as same may be (x) reduced from time to time or terminated pursuant to Sections 4.02, 4.03 and/or 11, as applicable, (y) adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 2.13 or 13.04(b), or (z) increased from time to time pursuant to Section 2.14. As of the ClosingSixth Amendment Effective Date, the aggregate amount of Canadian Facility Commitments of the Canadian Facility Lenders is U.S. $400,000,000465,000,000.

Canadian Facility Commitment means, with respect to any Canadian Facility Lender at any time, the amount set forth opposite such Lender's name on Schedule I hereto under the caption "Canadian Facility Commitment" or, if such Lender has entered into one or more Assignments and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 10.7 as such Lender's "Canadian Commitment", as such amount may be reduced at or prior to such time pursuant to Section 2.3.

Canadian Facility Commitment means the commitment by each Canadian Facility Lender under the Canadian Facility to provide up to the amount of United States Dollars (or the Equivalent Amount thereof) set forth opposite its name in Schedule A annexed hereto in the column with the heading “Canadian Facility Commitment”, subject to any increase in accordance with the provisions of Section 2.23 and any reduction in accordance with the other applicable provisions hereof; provided that, at any time:

Canadian Facility Commitment means the commitment by each Canadian Facility Lender under the Canadian Facility to provide up to the amount of United States Dollars (or the Equivalent Amount thereof) set forth opposite its name in Schedule A annexed hereto in the column with the heading "Canadian Facility Commitment", subject to any increase in accordance with the provisions of Section 2.23 and any reduction in accordance with the other applicable provisions hereof; provided that, at any time: