Canadian Loan Commitment definition

Canadian Loan Commitment means the commitment by the Servicer to make Advances to any Canadian Borrower in Canadian Dollars in the amount not exceeding, and upon the terms described in, the applicable Funding Approval Notice and the applicable Canadian Loan Documents, which Canadian Loan Commitment may be a Canadian Line of Credit Commitment, a Canadian Revolving Commitment or a Canadian Term Loan Commitment.
Canadian Loan Commitment means the commitment of the Canadian Lender to make Canadian Loans pursuant to subsection 2.1A(iii).
Canadian Loan Commitment means the commitment of Canadian Agent to make or maintain Canadian Loans pursuant to subsection 2.8A, to accept Drafts and purchase Bankers' Acceptances pursuant to subsection 2.9 and to issue Canadian Letters of Credit pursuant to subsection 2.10.

Examples of Canadian Loan Commitment in a sentence

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  • The Canadian Loan Commitment shall expire on the Revolving Loan Commitment Termination Date and all Canadian Loans and all other amounts owed hereunder with respect to the Canadian Loans shall be paid in full no later than that date.

  • Libbey Canada agrees to pay to Canadian Agent, until the Canadian Loan Commitment terminates, commitment fees in Canadian Dollars equal to the quarterly average of the Canadian Loan Commitment MULTIPLIED BY the Commitment Fee Percentage, such commitment fees in each case to be calculated on the basis of a 365-day year and the actual number of days elapsed and to be payable in quarterly arrears on January 1, April 1, July 1 and October 1 of each year and on the date the Canadian Loan Commitment expires.

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  • Libbey Canada may use the Canadian Loan Commitment by borrowing, prepaying the Canadian Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

  • Anything contained in this Agreement to the contrary notwithstanding, the Canadian Loans and the Canadian Loan Commitment shall be subject to the limitation that in no event shall (a) the aggregate principal amount of outstanding Canadian Loans exceed the aggregate amount of the Canadian Loan Commitment then in effect or (b) the Total Utilization at any time exceed the Revolving Loan Commitments then in effect.

  • So long as the Canadian Loan Commitment is in effect and Libbey Canada has any Obligations hereunder, Libbey Canada shall remain a wholly-owned Subsidiary of Company.

  • The Total Utilization of Canadian Loan Commitment after any Drawing shall not exceed the Canadian Loan Commitment then in effect.

  • Wolverine Canada shall execute and deliver on the Closing Date to the Canadian Lender (or to the Administrative Agent for the Canadian Lender) a Canadian Note substantially in the form of Exhibit IV-B annexed hereto to evidence the Canadian Lender's Canadian Loans in the principal amount of the Canadian Loan Commitment and with other appropriate insertions.

  • In order to comprehensively reflect the corresponding cumulative increases in each undersigned Lender’s applicable US Revolving Loan Commitment and/or Canadian Loan Commitment evidenced by the Replaced Lender Assignments, Schedule 1.1(b) to the Credit Agreement is hereby replaced in its entirety with Schedule 1.1(b) attached to this Amendment.


More Definitions of Canadian Loan Commitment

Canadian Loan Commitment means, with respect to each Lender, the sublimit of such Lender’s U.S. Loan Commitment equal to the amount set forth opposite such Lender’s name on Schedule I hereto under the heading “Canadian Loan Commitment” (as such Schedule may be updated by any SPV from time to time by notice to the Facility Agent and the Administrators), or in the case of a Lender which becomes a party hereto pursuant to an Assignment and Assumption Agreement, as set forth in such Assignment and Assumption Agreement, minus the amount of any Canadian Loan Commitment or portion thereof assigned by such Lender pursuant to an Assignment and Assumption Agreement or any reductions in such Lender’s Canadian Loan Commitment pursuant to Section 2.4 hereof, plus the amount of any increase to such Lender’s Canadian Loan Commitment consented to by such Lender prior to the time of determination; provided, however, that from and after the Amortization Date, the amount of the Canadian Loan Commitment of any Lender shall equal the Canadian Loan Balance of such Lender outstanding as of the date of determination, and provided, further, that from and after the Termination Date or the Maturity Date, the amount of the Canadian Loan Commitment of any Lender shall equal zero. For the avoidance of any doubt, the Canadian Loan Commitment of any Lender shall be a sublimit of the U.S. Loan Commitment of such Lender.

Related to Canadian Loan Commitment

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Canadian Revolving Commitment means the commitment of a Lender to make or otherwise fund any Canadian Revolving Loan and to acquire participations in Canadian Letters of Credit and Swing Line Loans hereunder and “Canadian Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Canadian Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Canadian Revolving Commitments as of the Restatement Date is $10,000,000.

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Total Loan Commitment means as to any Lender the aggregate commitments of such Lender with respect to its Revolving Loan Commitment and Term Loan Commitment.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Canadian Commitment means, for each Canadian Lender, the obligation of such Lender to make Canadian Revolving Loans and to participate in Canadian LC Obligations in an aggregate amount not exceeding the amount set forth in the Commitment Schedule or as set forth in any Assignment Agreement that has become effective pursuant to Section 12.3(a), as such amount may be modified from time to time pursuant to the terms hereof.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.