Canadian Term Loan Commitment definition

Canadian Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Canadian Term Loans hereunder up to the amount set forth on Schedule I to the Lender Addendum executed and delivered by such Lender directly under the column entitled “Canadian Term Loan Commitment” or in an Increase Joinder. The aggregate amount of the Lenders’ Canadian Term Loan Commitments on the Closing Date is $300 million.

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Canadian Term Loan Commitment means a commitment to make Canadian Term Loans to a Canadian Borrower pursuant to a Canadian Loan Agreement.

Canadian Term Loan Commitment as to any Canadian Lender, the obligation of such Lender to make Canadian Term Loans to, and/or create and discount Acceptances on behalf of (or, in lieu thereof, to make loans pursuant to the Acceptance Notes to), the Canadian Borrower, in an amount not to exceed the amount set forth opposite such Canadian Lender's name on Schedule 1.1B under the heading "Canadian Term Loan Commitment". The original aggregate amount of the Canadian Term Loan Commitments is the equivalent in Canadian Dollars (determined in accordance with Section 4.3(b)) of US$70,000,000.

Examples of Canadian Term Loan Commitment in a sentence

• Pursuant to the Canadian Term Loan Commitment, the Servicer shall agree to make Canadian Term Loans to the Canadian Borrower thereunder.

• The Canadian Administrative Agent will advise the Canadian Lenders of the results of such determination, and specify the amount in Canadian Dollars of each Canadian Lender's Canadian Term Loan Commitment, prior to or concurrently with the notice of borrowing given to the Canadian Lenders pursuant to Section 4.2.

• In connection with the Credit Agreement, the Lenders extended (i) a Revolving Credit Commitment to the Borrowers in respect of all Revolving Loans (including a US Revolving Loan or a Canadian Revolving Loan), Swing Loans and obligations as to Letters of Credit (collectively, the “Revolver”), (ii) a US Term Loan Commitment to the US Borrower in respect of the US Term Loan, and (iii) a Canadian Term Loan Commitment to the Canadian Borrower in respect of the Canadian Term Loan.

• Each Canadian Lender's Canadian Term Loan Commitment shall expire immediately and without further action on July 31, 1998 if the Canadian Term Loans are not purchased or made on or before that date.

• All outstanding Advances with respect to each Revolving Commitment, US Term Loan Commitment or Canadian Term Loan Commitment shall be due and payable in full on the Maturity Date of such Loan, if not sooner accelerated in accordance with the terms of the applicable Loan Documents.

More Definitions of Canadian Term Loan Commitment

Canadian Term Loan Commitment as to any Lender, the obligation of such Lender, if any, to make a Canadian Term Loan to the Canadian Borrower hereunder in a principal amount not to exceed the amount set forth under the heading “Canadian Term Loan Commitment” opposite such Lender’s name on Schedule 1 to the Lender Addendum delivered by such Lender, or, as the case may be, in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The original aggregate amount of the Canadian Term Loan Commitments is Cdn. $132,192,200.

Canadian Term Loan Commitment means, with respect to each Lender, its Canadian Term Loan Commitment, and, with respect to all Lenders, their Canadian Term Loan Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 to the Agreement or in the Assignment and Acceptance pursuant to which such Lender became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 of the Agreement.

Canadian Term Loan Commitment means the Sun Gro Canada Term Loan Commitment or Lakeland Canada Term Loan Commitment or any combination thereof.

Canadian Term Loan Commitment means, with respect to each Canadian Term Loan Lender, the commitment, if any, of such Canadian Term Loan Lender to make a Canadian Term Loan hereunder on the Third Amendment Effectiveness Date in the amount set forth on Schedule I to the Lender Addendum executed and delivered by such Canadian Term Loan Lender on the Third Amendment Effectiveness Date. The aggregate amount of the Lenders’ Canadian Term Loan Commitments is $25.0 million on the Third Amendment Effectiveness Date.

Canadian Term Loan Commitment means, as to each Lender, its obligation to make Initial Canadian Term Loans to the Canadian Borrower pursuant to Section 2.01(a)(ii) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Canadian Term Loan Commitment” or opposite such caption in the Refinancing Amendment or Assignment and Acceptance pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Canadian Term Loan Commitments was the Canadian Dollar Equivalent of $100,000,000 as of the Original Closing Date.

Canadian Term Loan Commitment means the commitment of a Canadian Term Lender to make Canadian Term Loans to the Canadian Borrowers pursuant to Section 2.1(a)(ii), and "CANADIAN TERM LOAN COMMITMENTS" means such commitments of all Canadian Term Lenders in the aggregate.

Canadian Term Loan Commitment or "Canadian Term Loan Commitments" shall mean, with respect to each Canadian Lender, as of any date of determination, such Canadian Lender's Pro Rata Share of the amount of the Canadian Term Loans, as of such date, which percentage and amount shall be set forth on the signature pages to this Loan Agreement and/or in any Assignment and Acceptance Agreement.