Rateable definition

Rateable and “Rateably” means, at any date of determination, the proportion that the Equivalent Amount in Canadian Dollars of the amount of the Obligations, Cash Management Obligations and Lender Financial Instrument Obligations of any Lender (including, for certainty, as a Cash Manager) and Hedging Affiliates thereof bears to the aggregate of the Equivalent Amount in Canadian Dollars of the Obligations, Cash Management Obligations and Lender Financial Instrument Obligations of all Lenders and Hedging Affiliates, as determined at the Adjustment Time.

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Rateable and "Rateably" means, at any date of determination, the proportion that the Equivalent Amount in Canadian Dollars of the amount of the Obligations, Cash Management Obligations and Lender Financial Instrument Obligations of any Lender (including, for certainty, as a Cash Manager) and Hedging Affiliates thereof bears to the aggregate of the Equivalent Amount in Canadian Dollars of the Obligations, Cash Management Obligations and Lender Financial Instrument Obligations of all Lenders and Hedging Affiliates, as determined at the Adjustment Time. "Rateable Portion", as regards any Lender, with regard to any amount of money, means:

Rateable and “Rateably” means, at the Acceleration Date (subject to Section 7.6(b)), the proportion that the Equivalent Amount in Canadian Dollars of the amount of the Lender Secured Obligations then owing to any Lender Secured Party bears to the aggregate of the Equivalent Amount in Canadian Dollars of the Lender Secured Obligations then owing to all Lender Secured Parties.

Examples of Rateable in a sentence

• Each Lender shall be severally liable under each POA LC in proportion to its Rateable Portion on the date of issuance of such POA LC and each POA LC shall specify each Lender’s share of the amount payable thereunder.

• Each Lender shall, on request by such Fronting Lender immediately pay to such Fronting Lender an amount equal to such ▇▇▇▇▇▇’s Rateable Portion of the amount paid by such Fronting Lender such that each Lender is participating in the deemed Loan in accordance with its Rateable Portion and, for certainty, regardless of whether any Default or Event of Default is then outstanding or whether any other condition to the making of a Loan has been satisfied or not.

• Subject to the terms and conditions hereof, each of the Syndicated Facility Lenders shall make available to the Borrower such ▇▇▇▇▇▇’s Rateable Portion of the Syndicated Facility and the Operating Lender shall make available to the Borrower the Operating Facility.

• Each Defaulting ▇▇▇▇▇▇ agrees to indemnify each other Lender for any amounts paid by such Lender under this Section 15.2(4) and which would otherwise have been paid by the Defaulting Lender if its Commitment had been included in determining the Rateable Portions of such affected Loans.

• If such Lender makes the payment to the Agent required herein, the amount so paid shall constitute such Lender’s Rateable Portion of the Loan for purposes of this Agreement.

More Definitions of Rateable

Rateable means the volume of Crude Petroleum tendered by the Shipper divided by the number of days in the month during which such volume is being transported.

Rateable and “Rateably” means, at any date of determination, the proportion that the Equivalent Amount in United States Dollars of the amount of the Secured Obligations of any Lender, Hedging Affiliate and Cash Manager thereof bears to the aggregate of the Equivalent Amount in United States Dollars of the Secured Obligations of all Lenders, Hedging Affiliates and/or Cash Managers, as determined at the Adjustment Time. “Rateable Portion”, as regards any Lender, with regard to any amount of money, means:

Rateable and “Rateably” means, at any date of determination, the proportion that the Equivalent Amount in United States Dollars of the amount of the Secured Obligations of any Lender, Hedging Affiliate and Cash Manager thereof bears to the aggregate of the Equivalent Amount in United States Dollars of the Secured Obligations of all Lenders, Hedging Affiliates and/or Cash Managers, as determined at the Adjustment Time. “Rateable Portion”, as regards any Lender, with regard to any amount of money, means (subject to Section 6.5 in respect of the rounding of allocations of Bankers’ Acceptances):

Rateable and "Rateably" means, at any date of determination, the proportion that the Equivalent Amount in United States Dollars of the amount of the Secured Obligations of any Secured Lender bears to the aggregate of the Equivalent Amount in United States Dollars of the Secured Obligations of all Secured Lenders, as determined at the Adjustment Time;

Rateable or "rateably" means, for the purposes of Section 9.4, the proportion that the Term Indebtedness of any Lender, or the proportion that the Operating Indebtedness of the Operating Lender, or the proportion that the Swap Indebtedness of any Swap Lender, as the case may be, bears to the aggregate of all Term Indebtedness, Operating Indebtedness and Swap Indebtedness;

Rateable shall have an analogous meaning.

Rateable and “Rateably” means, at any date of determination, the proportion that (a) the Equivalent Amount in Canadian Dollars of the amount of the Obligations, Bank Product Obligations and Financial Instrument Obligations under Lender Financial Instruments of any Lender and any of their Bank Product Affiliates and Hedging Affiliates bears to (b) the Equivalent Amount in Canadian Dollars of the aggregate amount of the Obligations, Bank Product Obligations and Financial Instrument Obligations under Lender Financial Instruments of all Lenders, Bank Product Affiliates and Hedging Affiliates, as determined at the Adjustment Time.