Canadian Protective Advance definition

Canadian Protective Advance has the meaning assigned to such term in Section 2.04.
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Canadian Protective Advance means a Protective Advance made to, on behalf of or in respect of a Canadian Borrower.
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Canadian Protective Advance means a Protective Advance made to, on behalf of or in respect of a Canadian Borrower. “Canadian Revolving Exposure” means, with respect to any Lender at any time, the sum of (a) the outstanding principal amount of such Xxxxxx’s Canadian Revolving Loans and Canadian Swingline Exposure at such time, plus (b) an amount equal to its Applicable Percentage of the aggregate principal amount of Canadian Overadvances and Canadian Protective Advances outstanding at such time. “Canadian Revolving Loan” means a Revolving Loan made by the Revolving Lenders to any Canadian Borrower. “Canadian Secured Obligations” means all Canadian Obligations together with all (a) Banking Services Obligations of the Canadian Loan Parties and (b) Swap Agreement Obligations of the Canadian Loan Parties owing to one or more Qualified Counterparties; provided that Excluded Swap Obligations with respect to any Loan Party shall not be Canadian Secured Obligations of such Loan Party. “Canadian Security Agreements” means each of the Canadian Security Agreement, in form and substance reasonably satisfactory to the Administrative Agent and the Lenders, dated as of the Closing Date, among the Canadian Loan Parties and the Administrative Agent, and, as the context requires, any other pledge or security agreement or deed of hypothec entered into, after the Closing Date by any other Canadian Loan Party (as required by this Agreement or any other Loan Document), as the same may be amended, restated, supplemented or otherwise modified from time to time. “Canadian Sublimit” means $55,000,00060,000,000. “Canadian Subsidiary” means any Subsidiary of the Company that has been formed or is organized under the laws of Canada or any province or territory thereof. “Canadian Swingline Exposure” means, at any time, the aggregate amount of all outstanding Canadian Swingline Loans at such time. The Canadian Swingline Exposure of any Lender at any time shall be its Applicable Percentage of the total Canadian Swingline Exposure at such time. “Canadian Swingline Loan” means a Swingline Loan made to a Canadian Borrower. “Capital Expenditures” means expenditures made or liabilities incurred for the acquisition of any fixed assets or improvements (or of any replacements or substitutions thereof or additions thereto) which have a useful life of more than one year and which, in accordance with GAAP, would be classified as capital expenditures. “Cash Collateralize” has the meaning assigned to such term in Section 2.06(j)...
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Examples of Canadian Protective Advance in a sentence

  • Absent such revocation, Agent’s determination that funding of a Canadian Protective Advance is appropriate shall be conclusive.

  • Each Canadian Revolving Loan (other than a Canadian Swingline Loan or a Canadian Protective Advance) shall be made as part of a Borrowing consisting of Loans of the same Class and Type made by the Canadian Revolving Lenders ratably in accordance with their respective Canadian Commitments of the applicable Class.

  • At any time that there is sufficient Canadian Availability and the conditions precedent set forth in Section 4.02 have been satisfied, the Administrative Agent may request the Canadian Revolving Lenders to make a Canadian Revolving Loan to repay a Canadian Protective Advance.

  • At any time the making of such Canadian Revolving Loan would not violate the Revolving Exposure Limitations and the conditions precedent set forth in Section 4.02 have been satisfied, the Canadian Administrative Agent may request the Canadian Revolving Lenders to make a Canadian Revolving Loan to the applicable Borrower(s) in the currency in which any Canadian Protective Advance is denominated to repay such Canadian Protective Advance.

  • Overadvance shall be retained by the Administrative Agent and (II) ABR Loans made to finance the reimbursement of (i) a Canadian LC Disbursement as provided in Section 2.06(f) shall be remitted by the Canadian Administrative Agent to the applicable Canadian Issuing Bank and (ii) a Canadian Protective Advance or Canadian Overadvance shall be retained by the Canadian Administrative Agent.

  • The Committee ensures diversity in the spread of the funding based on: (targeted) community group, geography and selected advocacy priorities.

  • At any other time the Canadian Administrative Agent may require the Canadian Revolving Lenders to fund their risk participations described in Section 2.04(b) in any Canadian Protective Advance in the currency in which such Canadian Protective Advance is denominated.

  • On the Maturity Date, each Canadian Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Revolving Lender with a U.S./Canadian Revolving Facility Commitment the then unpaid principal amount of each U.S./Canadian Revolving Loan, Canadian Protective Advance or Canadian Overadvance, in each case, made to any of the Canadian Borrowers.

  • Absent such revocation, Agent's determination that funding of a Canadian Protective Advance is appropriate shall be conclusive.

  • At any time that any Canadian Protective Advance is outstanding, the proceeds of any Canadian(e) Revolving Credit Loan that is made shall first be applied to the repayment of such Canadian Protective Advance upon the making of such Canadian Revolving Credit Loan (and otherwise, each Canadian Revolving Credit Lender shall, upon request from the Administrative Agent, fund its Canadian Protective Advance Participation).


More Definitions of Canadian Protective Advance

Canadian Protective Advance is hereby amended by deleting the phrase “the Company” and replacing it with the phrase “a Canadian Co-Borrower”.
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Canadian Protective Advance as defined in Section 2.22(b).
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Canadian Protective Advance as defined in Section 2.1.6(b). Canadian Security Agreement: the Amended and Restated Security Agreement, dated as of even date herewith, by the Canadian Borrower in favor of the Canadian Agent, for itself and certain other Lenders.
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Related to Canadian Protective Advance

  • Protective Advance has the meaning assigned to such term in Section 2.04.

  • Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • U.S. Swingline Loan means a Loan made pursuant to Section 2.04 as a “U.S. Swingline Loan.”

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Swing Loans each is defined in Section 1.7 hereof.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Swingline Loans as defined in Section 2.6.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.

  • 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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Canadian Overadvance has the meaning assigned to such term in Section 2.04(b).

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

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

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to: