Canadian Pro Rata Share definition

Canadian Pro Rata Share means, as to any Canadian Lender at any time, the percentage equivalent (expressed as a decimal, rounded to the ninth decimal place) at such time of such Canadian Lender’s Canadian Exposure divided by the combined Canadian Exposure of all Canadian Lenders (including, in each case, Canadian Exposure of Affiliates of Canadian Lenders). The initial Canadian Pro Rata Share of each Canadian Lender is set forth opposite the name of such Canadian Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Canadian Lender becomes a party hereto, as applicable.

Canadian Pro Rata Share means, at any time with respect to any Canadian Facility Lender, (i) ratio (expressed as a percentage) of such Lender’s aggregate outstanding Canadian Advances plus any unfunded Canadian Commitments at such time to the total aggregate outstanding Canadian Advances and unfunded Canadian Commitments at such time, or (ii) if no Canadian Advances and no Canadian Commitments are then outstanding, then “Canadian Pro Rata Share” shall mean the “Canadian Pro Rata Share” most recently in effect, after giving pro forma effect to any Assignment and Acceptances.

Canadian Pro Rata Share means the “Canadian Pro Rata Share” most recently in effect, after giving pro forma effect to any Assignment and Acceptances.

Examples of Canadian Pro Rata Share in a sentence

• Any reduction of the Aggregate Commitments or Aggregate Canadian Commitments shall be applied to the Commitment of each Lender or the Canadian Commitment of each Canadian Lender, as the case may be, according to its Pro Rata Share or its Canadian Pro Rata Share, as the case may be.

• The Applicable Agent will promptly notify each Lender or Canadian Lender, as appropriate, of its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share or Canadian Pro Rata Share, as appropriate, of such prepayment.

• The Applicable Agent will promptly distribute to each Lender its Pro Rata Share and to each Canadian Lender its Canadian Pro Rata Share (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.

• Upon receipt of a Notice of Canadian Borrowing requesting purchase or acceptance of Canadian Bankers’ Acceptances, and subject to the provisions of this Agreement, each Canadian Bank shall accept, in accordance with its Canadian Pro Rata Share of the requested Canadian Borrowing from time to time such Canadian Bankers’ Acceptances as the Canadian Borrower shall request.

• Each Canadian Bank severally agrees, on the terms and conditions hereinafter set forth, to make one or more Canadian Advances as part of a Canadian Borrowing to the Canadian Borrower from time to time on any Canadian Business Day during the period from the date hereof until the Termination Date in an aggregate amount not to exceed at any time outstanding (a) such Canadian Bank’s Canadian Commitment minus (b) such Canadian Bank’s Canadian Pro Rata Share of outstanding Canadian L/C Obligations.

More Definitions of Canadian Pro Rata Share

Canadian Pro Rata Share means, with respect to any Canadian Lender, (a) prior to the termination of the Canadian Commitments, the Canadian Commitment of such Canadian Lender as a percentage of the sum of the Canadian Commitments of all Canadian Lenders, and (b) after the termination of the Canadian Commitments, the outstanding Canadian Loans made by such Canadian Lender (it being understood and agreed for the purposes hereof that the Canadian/U.S. Loans of any U.S. Affiliate of any Canadian Lender in respect of the Canadian Commitments are Canadian Loans of such Canadian Lender and not Domestic Loans of such U.S. Affiliate) as a percentage of the sum of the Canadian Loans made by all Canadian Lenders.

Canadian Pro Rata Share means with respect to all matters relating to any Lender (a) with respect to the Canadian Revolving Loan or the Canadian Dollars Swing Line Loan, the percentage obtained by dividing (i) the Canadian Revolving Commitment of that Lender by (ii) the aggregate Canadian Revolving Commitments of all Lenders, and (b) with respect to all Canadian Revolving Loans on and after the Commitment Termination Date, the percentage obtained by dividing (i) the aggregate outstanding principal balance of the Canadian Revolving Loans held by that Lender, by (ii) the outstanding principal balance of the Canadian Revolving Loans held by all Lenders.

Canadian Pro Rata Share means, with respect to each Canadian Lender, the "Pro Rata Share" of such Lender under the Canadian Revolving Credit Agreement.

Canadian Pro Rata Share means at any time, with respect to any Canadian Revolving Lender or Canadian Risk Participant, as the case may be, a fraction (expressed as a percentage), the numerator of which is the amount of the Voting Commitment of such Canadian Revolving Lender or Canadian Risk Participant, as the case may be, and the denominator of which is the sum of the amount of all Canadian Revolving Credit Commitments at such time.

Canadian Pro Rata Share means with respect to all matters relating to any Canadian Lender, the percentage obtained by dividing (i) the aggregate outstanding principal balance of the Canadian Loan held by that Canadian Lender, by (ii) the outstanding principal balance of the Canadian Loan held by all Canadian Lenders.

Canadian Pro Rata Share means with respect to all matters relating to any Canadian Lender, (a) prior to the Commitment Termination Date, the percentage obtained by dividing (i) the aggregate Canadian Commitments of that Canadian Lender by (ii) the aggregate Canadian Commitments of all Canadian Lenders, and (b) on and after the Commitment Termination Date, the percentage obtained by dividing (i) the aggregate outstanding principal balance of the Canadian Loans held by that Canadian Lender, by (ii) the outstanding principal balance of the Canadian Loans held by all Canadian Lenders.

Canadian Pro Rata Share means for any Canadian Lender at any time the proportion (expressed as a decimal, rounded to the ninth decimal place) that such Canadian Lender’s Canadian Commitment constitutes of the Aggregate Canadian Commitment (or, after the Canadian Commitments have terminated, that (i) the Canadian Outstandings of such Canadian Lender constitute of (ii) the Total Canadian Outstandings). The initial Canadian Pro Rata Share of each Lender is set forth opposite the name of such Lender on Schedule 2.1 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.