Canadian Loans definition

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.
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Canadian Loans means "Loans" as defined in the Canadian Credit Agreement.
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Canadian Loans means, at any time, the sum of the aggregate Dollar Equivalent of (a) the aggregate amount of Revolving Credit Advances outstanding to the Canadian Borrowers plus (b) the aggregate Canadian Borrowers’ Letter of Credit Obligations. Unless the context otherwise requires, references to the outstanding principal balance of the Canadian Loans shall include the outstanding balance of the Canadian Borrowers’ Letter of Credit Obligations.
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Examples of Canadian Loans in a sentence

  • Canadian Loans and participations in Canadian Swingline Loans and Canadian Letters of Credit will be funded by each Canadian Lender pro rata in accordance with its Applicable Percentage of the Canadian Commitments.

  • The Canadian Loans comprising each Canadian Base Rate Borrowing shall bear interest at the Canadian Prime Rate plus the Applicable Rate.

  • Changes in such interest rate shall cause an immediate adjustment of the interest rate applicable to such Canadian Loans without the necessity of any notice to Canadian Borrower.

  • If any Syndicated Canadian Bank, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Obligations or such amounts which may be subject to setoff, such Syndicated Canadian Bank agrees, promptly upon demand, to take such action necessary such that all Syndicated Canadian Banks share in the benefits of such collateral ratably in proportion to their Syndicated Canadian Loans.

  • Interest on each Participant’s Canadian Funded Participation shall be payable by the Servicer to the Participants in Canadian Dollars on each Participant Canadian Monthly Payment Date from interest payments received on the Canadian Loans on such Participant Canadian Monthly Payment Date for the preceding Payment Period and from other amounts received from the Sponsor.


More Definitions of Canadian Loans

Canadian Loans means, collectively, the Loans made by the Canadian Lenders pursuant to ARTICLE II.
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Canadian Loans means Loans made by a Canadian Lender.
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Canadian Loans means, collectively, the Canadian Revolving Loan and the Canadian Dollars Swing Line Loan.
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Canadian Loans means Loans made to the Canadian Borrower pursuant to Section 2.1(b).
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Canadian Loans means, individually and collectively, the Canadian Revolving Loans, the Canadian Swingline Loans and the Canadian Protective Advances.
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Canadian Loans means the “Loans” as such term is defined under the Canadian Loan Agreement.
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Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans and the Canadian Swingline Loans.
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