Canadian Dollar Equivalent Amount definition

Canadian Dollar Equivalent Amount means, on any given date, the amount of Canadian Dollars which could be purchased with the relevant amount of a currency at the then applicable Spot Rate at 11:00 a.m. Toronto time on such date (and if such date is not a Business Day, on the preceding Business Day) for the purchase of Canadian Dollars with such currency.
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Canadian Dollar Equivalent Amount means, on any day, in relation to an amount denominated in a currency other than Canadian Dollars (the “Other Currency”), the amount of Canadian Dollars that could be sold in exchange for that amount denominated in the Other Currency using the Bank of Canada noon exchange rate prevailing on that day.
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Canadian Dollar Equivalent Amount means, on any given date, the --------------------------------- amount of Canadian Dollars which could be purchased with the relevant amount of United States Dollars at the then applicable Spot Rate on such date (and if such date is not a Business Day, on the preceding Business Day) for the purchase of Canadian Dollars with United States Dollars.
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Examples of Canadian Dollar Equivalent Amount in a sentence

  • The Borrower and the Bank acknowledge and agree that the American Note is intended to offer the Borrower the opportunity to borrow in U.S. Dollars, but only in an amount such that the Canadian Dollar Equivalent Amount of the sum of all advances outstanding under the Notes shall not exceed the lesser of the Borrowing Base and the Maximum Loan Amount.

  • If at any time and for any reason the Canadian Dollar Equivalent Amount of all advances outstanding under the Notes shall exceed the lesser of the Maximum Loan Amount and the Borrowing Base, the Borrower shall immediately repay an amount of the Indebtedness equal to such excess.

  • The Canadian Agent will promptly notify the Canadian Borrower and the Canadian Banks of any such redenomination, and in such notice, the Canadian Agent will state the aggregate Canadian Dollar Equivalent Amount of the redenominated Canadian Optional Currency Loans as of the Canadian Computation Date with respect thereto and such Canadian Bank's Canadian Ratable Share thereof.

  • The Borrower shall pay to ABN AMRO at the end of each month, in arrears, an unused line fee equal to three-eighths percent (0.375%) per annum on the daily average amount by which the Revolving Credit Commitment exceeds the sum of the outstanding principal balance of the Revolving Loans and the L/C Liabilities, all as defined in this Agreement and all expressed as the Canadian Dollar Equivalent Amount.

  • Except as the Administrative Agent may otherwise agree in connection with the completion of a successful syndication, any such assignment shall be in a minimum aggregate amount equal to US$2,000,000 or the Canadian Dollar Equivalent Amount thereof or, if less, the remaining Commitment and Loans held by the assigning Lender.

  • Letters of Credit issued under the US Letter of Credit Facility shall be issued in Dollars and Letters of Credit issued under the Canadian Letter of Credit Facility may be issued in Dollars or in the Canadian Dollar Equivalent Amount of Canadian Dollars.

  • Not cancel any claim or Debt owing to it, other than (i) in connection with trade discounts or allowances granted in the ordinary course of its business consistent with past practices and (ii) so long as no Event of Default or Unmatured Event of Default is then outstanding, the cancellation of Debts or claims not to exceed US$100,000 or the Canadian Dollar Equivalent Amount thereof in any Fiscal Year in connection with the resolution of good faith disputes relating thereto.

  • The Borrower shall pay to LaSalle at the end of each month, in arrears, an unused line fee equal to one-quarter of one percent (.25%) per annum on the daily average amount by which the Revolving Credit Commitment exceeds the sum of the outstanding principal balance of the Revolving Loans and the L/C Liabilities, all as defined in this Agreement and all expressed as the Canadian Dollar Equivalent Amount.

  • Each Advance under the Revolving Credit Facilities, other than Base Rate Refunding Loans and Bankers' Acceptances, shall be in an amount of at least $100,000 (or the Canadian Dollar Equivalent Amount thereof in Canadian Dollars), and, if greater than $100,000, an integral multiple of $100,000 (or the Canadian Dollar Equivalent Amount thereof in Canadian Dollars).

  • All prepayments of Revolving Credit Loans made by the applicable Facility Borrower shall be in the minimum amount of $100,000 (or the Canadian Dollar Equivalent Amount thereof in Canadian Dollars) or such greater amount which is an integral multiple of $100,000 (or the Canadian Dollar Equivalent Amount thereof in Canadian Dollars), or the amount equal to all Revolving Credit Outstandings, or such other amount as necessary to comply with Section 2.1(e) or Section 2.2(b).


More Definitions of Canadian Dollar Equivalent Amount

Canadian Dollar Equivalent Amount means (a) with respect to any amount outstanding under the Canadian Note, such amount, and (b) with respect to any amount outstanding under the American Note, the Canadian Dollar Exchange Amount.
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Canadian Dollar Equivalent Amount means with respect to Canadian Dollars and a specified Dollar amount, the amount of Canadian Dollars into which such Dollar amount would be converted, based on the applicable Advance Date Exchange Rate.
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Canadian Dollar Equivalent Amount means: (a) the number of Canadian Dollars that is equivalent to an amount of a currency other than Canadian Dollars, determined by applying the selling rate of Royal Bank of Canada or another bank of comparable size selected by Canadian Agent; or (b) in the event that Canadian Agent shall not at the time be offering such a rate, the amount of Canadian Dollars that Canadian Agent, in its sole judgment, specifies as sufficient to reimburse or provide funds to Canadian Agent in respect of any such amounts; in either case as and when determined by Canadian Agent.
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Canadian Dollar Equivalent Amount means, at any time, the amount of Canadian dollars into which U.S. dollars may be converted at the Bank’s applicable noon spot buying rate at such time.
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Canadian Dollar Equivalent Amount means, on any date, the equivalent amount in Canadian Dollars of an amount in some other freely-traded currency (the “Other Currency”) after giving effect to a conversion of such amount of the Other Currency to Canadian Dollars at the spot buying rate quoted for wholesale transactions by the Agent at or as close as possible to 12:00 noon (Toronto time) on that date.
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Related to Canadian Dollar Equivalent Amount

  • Dollar Equivalent Amount means (i) with respect to any amount of Alternate Currency on any day, the equivalent amount in Dollars of such amount of Alternate Currency as determined by the Administrative Agent using the applicable Exchange Rate on such day and (ii) with respect to any amount of Dollars, such amount.

  • Canadian Dollar Equivalent of any amount which is expressed in United States Dollars means, on any date, the Canadian dollar equivalent of such amount determined by multiplying such amount by the U.S. - Canadian Exchange Rate in effect on such date;

  • U.S. Dollar Equivalent means, on any date of determination, (a) with respect to any amount in US Dollars, such amount, and (b) with respect to any amount in any Alternative Currency, the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section 1.05 using the Exchange Rate with respect to such Alternative Currency at the time in effect under the provisions of such Section.

  • Dollar Equivalent means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.

  • Canadian Dollars means the lawful currency of Canada.

  • Canadian Dollar means the lawful currency of Canada.

  • Base Currency Amount means, in relation to a Loan, the amount specified in the Utilisation Request delivered by a Borrower for that Loan (or, if the amount requested is not denominated in the Base Currency, that amount converted into the Base Currency at the Agent’s Spot Rate of Exchange on the date which is three Business Days before the Utilisation Date or, if later, on the date the Agent receives the Utilisation Request) adjusted to reflect any repayment or prepayment of the Loan.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Balance Currency means the currency that the trading account is denominated in and all charges including spreads, commissions and swaps, are calculated in that currency.

  • Australian Dollar means the lawful currency of Australia.

  • Australian Dollars means the lawful currency of Australia.

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.07.

  • Equivalent Amount of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which such amount is to be determined.

  • Alternative Currencies means any currency (other than Dollars) approved by the Administrative Agent and the applicable Issuing Bank.

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, Swiss Francs, Mexican Pesos, Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Alternative Currency Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Revolving Commitments and $200,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Euro Equivalent means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in Euros as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Euros with Dollars.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension: