Canadian Revolving Loan definition

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 Loan has the meaning specified in Section 2.01(a)(iv).
Canadian Revolving Loan means a Canadian Loan made by the Canadian Lender to Canadian Borrower pursuant to Section 2.01. Each Canadian Revolving Loan shall either be a Canadian US$-Denominated Base Rate Loan denominated in US Dollars, a Canadian US$ Libor Loan denominated in US Dollars, a Canadian Prime Rate Loan denominated in Canadian Dollars or a Canadian Bankers’ Acceptance denominated in Canadian Dollars.

Examples of Canadian Revolving Loan in a sentence

  • After giving effect to any Canadian Revolver Commitment Adjustment, the Canadian Revolver Commitment of each Canadian Lender (and the percentage of each Canadian Revolving Loan that each Participant must purchase a Canadian Revolving Loan Participation in) shall be equal to such Canadian Lender’s (or Participant’s) Pro Rata Share of the amount of the Maximum Canadian Facility Amount.

  • As the context may require, references to the outstanding principal amount of any Canadian Revolving Loan shall include the face amount of B/A Loans.

  • Each such partial prepayment of the Canadian Revolving Loan shall be in an integral multiple of Cdn.

  • All or any part of outstanding Domestic Revolving Loans or Canadian Revolving Loans of any Type may be converted into a Domestic Revolving Loan or Canadian Revolving Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of $500,000 or a whole multiple thereof.

  • Each request by any of the Canadian Borrowers for a Borrowing, Continuation or Conversion of any Canadian Revolving Loan or for any Canadian LC Request shall be deemed to be a joint and several request by all of the Canadian Borrowers.


More Definitions of Canadian Revolving Loan

Canadian Revolving Loan means a Revolving Loan denominated in Canadian Dollars and made to a Canadian Borrower.
Canadian Revolving Loan means a Multicurrency Tranche Revolving Loan denominated in Canadian Dollars.
Canadian Revolving Loan and “Canadian Revolving Loans” as defined have the meanings given in Section 2A.1, including by way of Bankers’ Acceptances and B/A Equivalent Loans, pursuant to Section 2A.1 or Section 2A.9.
Canadian Revolving Loan is defined in Section 2.2(b) hereof and, as so defined, includes a Base Rate Loan, Eurodollar Loan, or Canadian Prime Rate Loan, each of which is a “type” of Canadian Revolving Loan hereunder.
Canadian Revolving Loan shall have the meaning assigned to such term in Section 2.01(b).
Canadian Revolving Loan means, at any time, the aggregate amount of Canadian Revolving Credit Advances outstanding to Canadian Borrower.