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.