Canadian Revolver Amount definition

Canadian Revolver Amount means the amount set forth in Schedule A hereto as the “Total Commitment” for the Canadian Revolving Facility.

Canadian Revolver Amount means the amount set forth in Schedule A hereto as the “Total Commitment” for the Canadian Revolving Facility. “Canadian Revolving Facility” has the meaning set forth in Section 2.01(1).

Canadian Revolver Amount means the amount set forth in Schedule A hereto as the “Total Commitment” for the Canadian Revolving Facility. “ Canadian Revolving Facility ” has the meaning set forth in Sec tion 2.01(1). “ Canadian Swingline Facility ” has the meaning set forth in Section 2.05(1). “ Canadian Swingline Lender ” means CIBC in its capacity as such. “ Canadian Swingline Loan ” has the meaning set forth in Section 2.05(2). “ Canadian Welfare Plan ” means any medical, health, hospitalization, insurance or other employee benefit or welfare plan or arrangement applicable to employees resident in Canada of an Obligor, but excluding (a) any Canadian Pension Plans and (b) plans established by statute or administered by a Governmental Authority, including the Canada Pension Plan, the Quebec Pension Plan or plans administered pursuant to federal or provincial health, workers compensation and employment insurance legislation. “ Cash Equivalents ” means: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the government of Canada or the government of the United States or any agency or instrumentality of either of them, and backed by the full faith and credit of Canada or the United States, as the case may be, in each case maturing within one year from the date of acquisition; (b) demand deposits, term deposits, certificates of deposit or overnight bank deposits having maturities of six months or less from the date of acquisition issued by any Lender or by any commercial bank organized under the laws of Canada or the United States or any state thereof whose long term debt is rated at least A or the equivalent thereof by S&P or at least A2 or the equivalent thereof by Xxxxx’x; and (c) commercial paper of an issuer rated at least A - 1+ or the equivalent thereof by S&P or at least P - 1 or the equivalent thereof by Xxxxx’x or at least R - 1 (High) or the equivalent thereof by DBRS, and in each case maturing within six months from the date of acquisition. “ Cash Security Deposit ” means an amount required to be paid by an Obligor to an LDC pursuant to a Collection Service Agreement following the occurrence of an event of default thereunder, in respect of amounts owing by such Obligor to such LDC pursuant to such Collection Service Agreement.

Examples of Canadian Revolver Amount in a sentence

• For greater certainty the aggregate of all outstanding Advances under the Canadian Revolving Facility, including Advances under the Canadian Swingline Facility, will at no time cumulatively exceed the Canadian Revolver Amount.

• Canadian Revolving Facility – Subject to the terms and conditions of this Agreement the Canadian Lenders, the Canadian Swingline Lender and each Canadian Issuing Lender hereby establish in favour of the Canadian Borrower as of the Effective Date a revolving credit facility (the “Canadian Revolving Facility”) in an amount not to exceed the Canadian Revolver Amount.

• After giving effect to any Canadian Revolver Adjustment, the Canadian Revolving Credit Commitment of each Canadian Lender shall be equal to such Canadian Lender’s Pro Rata Share of the amount of the Maximum Canadian Revolver Amount.

• On a monthly basis (commencing with the calendar month ending September 30, 2011), by the 20th day of each calendar month, a detailed calculation of the Equivalent Amount in Dollars as of the last Business Day of the preceding month, of the Aggregate Canadian Revolver Outstandings, the Canadian Borrowing Base, the U.S. Availability and the Maximum Canadian Revolver Amount, and any excess amount described in Section 4.15.

More Definitions of Canadian Revolver Amount

Canadian Revolver Amount means the amount set forth in Schedule A hereto as the “Total Commitment” for the Canadian Revolving Facility. “ Canadian Revolving Facility ” has the meaning set forth in Sec tion 2.01(1). “ Canadian Swingline Facility ” has the meaning set forth in Section 2.05(1). “ Canadian Swingline Lender ” means CIBC in its capacity as such. “ Canadian Swingline Loan ” has the meaning set forth in Section 2.05(2). “ Canadian Welfare Plan ” means any medical, health, hospitalization, insurance or other employee benefit or welfare plan or arrangement applicable to employees resident in Canada of an Obligor, but excluding (a) any Canadian Pension Plans and (b) plans established by statute or administered by a Governmental Authority, including the Canada Pension Plan, the Quebec Pension Plan or plans administered pursuant to federal or provincial health, workers compensation and employment insurance legislation.