Canadian Swing Line Loan definition

Canadian Swing Line Loan has the meaning specified in Section 2.04(a)(ii).

Canadian Swing Line Loan means a Loan made by the Canadian Swing Line Lender to the U.S. Borrower pursuant to Section 2.03(a)(ii).

Canadian Swing Line Loan means a Canadian Dollar denominated loan or Bankers’ Acceptance Loan made available to the Canadian Borrower or a U.S. Borrower by the Global Swing Line Lender pursuant to Section 2.9.2.

Examples of Canadian Swing Line Loan in a sentence

• The proceeds of any such Advance shall be used to repay such Canadian Swing Line Loan.

• Immediately upon the making of a Canadian Swing Line Loan, each Canadian Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Canadian Swing Line Lender a risk participation in such Canadian Swing Line Loan in an amount equal to the product of such Canadian Lender’s Pro Rata Share times the amount of such Canadian Swing Line Loan.

• Promptly after receipt by the Canadian Swing Line Lender of any telephonic Canadian Swing Line Loan Notice, the Canadian Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Canadian Swing Line Loan Notice and, if not, the Canadian Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof.

• Each Canadian Swing Line Loan shall be in the applicable minimum amounts specified in Schedule II (or such lesser amount as may be agreed to by the Global Swing Line Lender) or an integral multiple thereof as specified in Schedule II (or such lesser amount as may be agreed to by the Global Swing Line Lender) in excess thereof, and all interest payable on the Canadian Swing Line Loans shall be payable to the Global Swing Line Lender for the account of the Global Swing Line Lender.

• Each Canadian Swing Line Loan shall be a Canadian Base Rate Loan.

More Definitions of Canadian Swing Line Loan

Canadian Swing Line Loan shall have the meaning set forth in the Credit Agreement.

Canadian Swing Line Loan is defined in CLAUSE (b) of SECTION 3.1.1.

Canadian Swing Line Loan shall have the meaning assigned to such term in Section 2.23(a)(ii).

Canadian Swing Line Loan any loan made by the Canadian Swing Line Bank pursuant to Section 2.13 hereof.

Canadian Swing Line Loan means each Swing Line Loan denominated in Canadian Dollars.

Canadian Swing Line Loan shall have the meaning assigned to such term in Section 2.23(a)(ii). “Canadian Swing Line Sublimit” shall mean U.S.$25,000,000. The Canadian Swing Line Sublimit is part of, and not in addition to, the Canadian Revolving Commitments. “Canadian Term Borrowing” shall mean a group of Canadian Term Loans of a single Type made, converted or continued by the Canadian Term Lenders on a single date and, in the case of a B/A Loan, as to which a single Contract Period is in effect.

Canadian Swing Line Loan has the meaning specified in Section 3.05(a). Lender” has the meaning specified for such term in the Agreement that was in effect on and prior to the Canadian Subfacility Payoff Date.