Canadian Protective Advance definition

Canadian Protective Advance has the meaning assigned to such term in Section 2.04.
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Canadian Protective Advance means a Protective Advance made to or for the account of the Company pursuant to Section 2.04.
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Canadian Protective Advance means a Protective Advance made to, on behalf of or in respect of a Canadian Borrower.
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Examples of Canadian Protective Advance in a sentence

  • Absent such revocation, Agent’s determination that funding of a Canadian Protective Advance is appropriate shall be conclusive.

  • Upon the making of a Canadian Protective Advance by the Administrative Agent (whether before or after the occurrence of a Default), each Canadian Lender shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from the Administrative Agent without recourse or warranty, an undivided interest and participation in such Canadian Protective Advance in proportion to its Applicable Percentage.

  • Each US Protective Advance shall be deemed to be a US Revolving Loan hereunder and each Canadian Protective Advance shall be deemed a Canadian Revolving Loan hereunder, except that no Protective Advance shall be eligible to be a Non-Base Rate Loan and, prior to Settlement therefor, all payments on the Protective Advances shall be payable to Applicable Agent solely for its own account.


More Definitions of Canadian Protective Advance

Canadian Protective Advance has the meaning assigned to such term in Section 2.04. “Canadian Revolving Exposure” means, with respect to any Canadian Revolving Lender at any time, the sum of the Dollar Equivalent of the outstanding principal amount of such Canadian Revolving Lender’s Canadian Revolving Loan and its Canadian LC Exposure plus an amount equal to its Applicable Percentage of the Dollar Equivalent of the aggregate principal amount of Canadian Swingline Loans outstanding at such time plus an amount equal to its Applicable Percentage of the Dollar Equivalent of the aggregate principal amount of Canadian Overadvances outstanding at such time plus an amount equal to its Applicable Percentage of the Dollar Equivalent of the aggregate principal amount of Canadian Protective Advances outstanding at such time. “Canadian Revolving Lender” means each Lender with a Canadian Revolving Subcommitment or, if the Canadian Revolving Subcommitment have terminated or expired, a Lender with Canadian Revolving Exposure. “Canadian Revolving Loans” means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b). “Canadian Revolving Subcommitment” means, with respect to each Canadian Revolving Lender, the commitment, if any, of such Canadian Revolving Lender to make Canadian Revolving Loans and to acquire participations in Canadian Letters of Credit, Canadian Overadvances, Canadian Protective Advances and Canadian Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such Canadian Revolving Lender’s Canadian Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Canadian Revolving Lender pursuant to Section 9.04. The initial amount of each Canadian Revolving Lender’s Canadian Revolving Subcommitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Canadian Revolving Lender shall have assumed its Canadian Revolving Subcommitment, as applicable. The aggregate amount of the Canadian Revolving Lenders’ Canadian Revolving Subcommitment is the Dollar Equivalent of $15,000,000. The Canadian Revolving Subcommitments are subcommitments of the Domestic Revolving Commitments and do not represent additional credit exposure. “Canadian Standby LC Exposure” means, at any time, the sum of (a) the Dollar Equivalent of the aggregate undrawn amount of all outstanding ...
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Canadian Protective Advance as defined in Section 2.1.6(b). Canadian Security Agreement: the Amended and Restated Security Agreement, dated as of even date herewith, by the Canadian Borrower in favor of the Canadian Agent, for itself and certain other Lenders.
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Canadian Protective Advance is hereby amended by deleting the phrase “the Company” and replacing it with the phrase “a Canadian Co-Borrower”.
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Canadian Protective Advance as defined in Section 2.22(b).
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Related to Canadian Protective Advance

  • Protective Advance has the meaning assigned to such term in Section 2.04.

  • Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • 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.

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • U.S. Swingline Loan means a Loan made pursuant to Section 2.04 as a “U.S. Swingline Loan.”

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Swing Loans each is defined in Section 1.7 hereof.

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Swingline Loans as defined in Section 2.6.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Canadian Overadvance has the meaning assigned to such term in Section 2.04(b).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to: