Canadian Overadvance has the meaning assigned to such term in Section 2.04(b).
Canadian Overadvance as defined in Section 2.1.5.
Canadian Overadvance means, as of any date of determination, the sum of the aggregate Dollar Equivalent of (i) Canadian Loans then outstanding less (ii) the Canadian Available Credit.
Examples of Canadian Overadvance in a sentence
Subject to Section 2.1.5, if a Canadian Overadvance exists at any time, Canadian Borrowers shall, on the sooner of Agent’s demand or the first Business Day after Canadian Borrowers have knowledge thereof, repay Canadian Revolver Loans in an amount sufficient to reduce Canadian Revolver Usage to the Canadian Borrowing Base.
More Definitions of Canadian Overadvance
Canadian Overadvance means a Canadian Credit Extension to the extent that, immediately after its having been made, Canadian Availability is less than zero.
Canadian Overadvance means a Canadian Credit Extension to the extent that, immediately after the making of such Canadian Credit Extension, the aggregate principal balance of all Canadian Credit Extensions then outstanding exceeds the Canadian Loan Cap as then in effect.
Canadian Overadvance means at any time the amount by which the aggregate outstanding Canadian Revolving Exposures exceed the Canadian Borrowing Base.
Canadian Overadvance as defined in Section 2.15. Canadian Overadvance Loan: a Canadian Revolver Loan made to the Canadian Borrower when a Canadian Overadvance exists or is caused by the funding thereof. Canadian Overadvance Loan Balance: on any date, the amount by which the aggregate Canadian Revolver Exposure exceeds the amount of the Canadian Borrowing Base on such date.
Canadian Overadvance means any Overadvance made to or for the benefit of a Canadian Borrower.
Canadian Overadvance means an Overadvance made to or for the account of the Company pursuant to Section 2.05.
Canadian Overadvance has the meaning specified therefor in Section 2.5 of the Agreement.