Canadian Revolving Credit Exposure definition

Canadian Revolving Credit Exposure means, with respect to any Canadian Lender at any time, the sum of (a) the aggregate principal amount of the Dollar Equivalent of the Canadian Revolving Credit Loans of such Lender then outstanding, and (b) such Lender’s Canadian Letter of Credit Exposure at such time.

Canadian Revolving Credit Exposure means, with respect to any Canadian Lender at any time, the aggregate principal amount at such time of all outstanding Canadian Revolving Credit Loans of such Lender denominated in U.S. dollars, plus the U.S. Dollar Equivalent of the aggregate principal amount at such time of all outstanding Canadian Revolving Credit Loans of such Canadian Lender denominated in Canadian dollars, plus the U.S. Dollar Equivalent of the aggregate amount at such time of such Canadian Lender’s Canadian Revolving Pro Rata Percentage of the Canadian L/C Exposure plus such Canadian Lender’s Canadian Revolving Pro Rata Percentage of the outstanding amount of all Canadian Swing Line Loans.

Canadian Revolving Credit Exposure means, at any time, the sum of (a) the US Dollar Equivalent of the aggregate principal amount of the Canadian Revolving Loans denominated in Canadian Dollars outstanding at such time, (b) the aggregate principal amount of the Canadian Revolving Loans denominated in US Dollars outstanding at such time and (c) the US Dollar Equivalent of the aggregate face amount of the B/As accepted by the Global Revolving Lenders and outstanding at such time. The Canadian Revolving Credit Exposure of any Global Revolving Lender at any time shall be such Lender’s Global Revolving Percentage of the total Canadian Revolving Credit Exposure at such time.

Examples of Canadian Revolving Credit Exposure in a sentence

• The Aggregate US Revolving Credit Exposure and the Aggregate Canadian Revolving Credit Exposure, after giving effect to such proposed Loan or Letter of Credit shall not exceed the US Maximum Available Amount and Canadian Maximum Available Amount, respectively, then in effect.

• The Aggregate US Revolving Credit Exposure and the Aggregate Canadian Revolving Credit Exposure, after giving effect to such proposed Loan or Letter of Credit, shall not exceed the US Maximum Available Amount and Canadian Maximum Available Amount, respectively, then in effect.

• If on any date, the aggregate Canadian Revolving Credit Exposure exceeds the Total Canadian Revolving Commitment, then within two Business Days following such date, the Canadian Borrowers shall repay or prepay Canadian Revolving Borrowings (or defease B/A Borrowings as described in Section 2.11(a)) and/or replace or cash collateralize outstanding Canadian Letters of Credit in an amount sufficient to eliminate such excess.

• After giving effect thereto (and the use of the proceeds thereof): (i) the Total Revolving Credit Exposure would not exceed the Line Cap at such time; (ii) the Total Canadian Revolving Credit Exposure at such time would not exceed the Canadian Line Cap at such time; and (iii) the Total US Revolving Credit Exposure at such time would not exceed the US Line Cap at such time.

• If on any date, the aggregate Canadian Revolving Credit Exposure exceeds the Total Canadian Revolving Commitment, then within two Business Days following such date, the Parent Borrower shall repay or prepay Canadian Revolving Borrowings (or defease B/A Borrowings as described in Section 2.11(a)) and/or replace or cash collateralize outstanding Canadian Letters of Credit in an amount sufficient to eliminate such excess.

More Definitions of Canadian Revolving Credit Exposure

Canadian Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Canadian Revolving Loans and its Canadian LC Exposure at such time.

Canadian Revolving Credit Exposure means, at any time and as to each Canadian Lender, the Dollar Equivalent sum of (a) the aggregate principal amount of the Canadian Revolving Credit Loans made by such Canadian Lender outstanding as of such date plus (b) the accrued and unpaid interest on the Canadian Revolving Credit Loans made by such Canadian Lender outstanding as of such date plus (c) such Canadian Lender's Canadian Revolving Credit Percentage of the aggregate amount of all Canadian Letter of Credit Liabilities as of such date.

Canadian Revolving Credit Exposure at any time, with respect to any Lender, the sum of such Lender’s Canadian Loans, participations in Agent Advances to Canadian Borrowers and its LC Exposure in respect of Canadian Letters of Credit at such time.

Canadian Revolving Credit Exposure as of any date of determination, shall be the sum of such Lender’s Canadian Revolving Credit Loans, its Canadian LC Exposure and its Canadian Swingline Exposure as of such date.

Canadian Revolving Credit Exposure means, with respect to a Canadian Revolving Lender, the sum of (i) the outstanding principal amount of Canadian Revolving Loans made by such Lender and (ii) the Canadian Letter of Credit Exposure of such Canadian Revolving Lender.

Canadian Revolving Credit Exposure means the “Revolving Credit Exposure” under the Canadian Credit Agreement.

Canadian Revolving Credit Exposure means, with respect to any Canadian Lender, at any time, the US Dollar Equivalent of the sum of the outstanding principal amount of such Lender’s Canadian Revolving Loans and Canadian LC Exposure.