Example ContractsClausescanadian dollarsVariants
Canadian Dollars
Canadian Dollars contract clause examples

Canadian Revolving Loan” and “Canadian Revolving Loans” are each defined in [Section 2.1(d)] hereof and, as so defined, includes a Base Rate Loan or EurodollarTranche Rate Loan (if denominated in U.S. Dollars) or a Canadian Prime Rate Loan or a Canadian CDOR Loan (if denominated in Canadian Dollars), each of which is a “type” of Revolving Loan hereunder.

Loan” means any Revolving Loan or Swing Loan, whether outstanding as a Base Rate Loan, EurodollarTranche Rate Loan, Canadian Prime Rate Loan or Canadian CDOR Loan, or otherwise as permitted hereunder, each of which is a “type” of Loan hereunder.

“U.S. Revolving Loan” and “U.S. Revolving Loans” are each defined in Section 2.1(a) hereof and, as so defined, includes a Base Rate Loan or EurodollarTranche Rate Loan, each of which is a “type” of Revolving Loan hereunder.

Canadian Revolving Credit Loans” shall mean # the Canadian dollar-denominated Revolving Credit Loans (including the aggregate face amount of outstanding B/As) made by the Canadian Revolving Lenders to the Parent Borrower hereunder and # the U.S. dollar-denominated Revolving Credit Loans made by the Canadian Revolving Lenders to the Parent Borrower. Each Canadian Revolving Credit Loan denominated in Canadian dollars shall be a Canadian Prime Rate Loan or a B/A Loan. Each Canadian Revolving Credit Loan denominated in U.S. dollars and made to the Parent Borrower shall be a Eurocurrency Loan or a U.S. Base Rate Loan.

Canadian Revolving Loans. Prior to the Termination Date, each Canadian Lender, by its acceptance hereof, severally and not jointly agrees, subject to the terms and conditions hereof, to make a revolving loan or loans (each individually a “Canadian Revolving Loan” and, collectively, the “Canadian Revolving Loans”) in U.S. Dollars or Canadian Dollars to the Borrowers from time to time on a revolving basis up to the amount of such Lender’s Canadian Revolving Credit Commitment in effect at such time; provided, however, the U.S. Dollar Equivalent of the sum of the aggregate principal amount of all Canadian Revolving Loans, Canadian Swing Loans, and Canadian L/C Obligations at any time outstanding shall not exceed the sum of all Canadian Revolving Credit Commitments in effect at such time. Each Borrowing of Canadian Revolving Loans shall be made ratably by the Canadian Lenders in proportion to their respective Canadian Revolver Percentages. As provided in Section 2.4(a), and subject to the terms hereof, the Borrowers may elect that each Borrowing of Canadian Revolving Loans be either # denominated in U.S. Dollars in the form of Base Rate Loans or EurodollarTranche Rate Loans or # denominated in Canadian Dollars in the form of Canadian Prime Rate Loans or Canadian CDOR Loans. Canadian Revolving Loans may be repaid and reborrowed before the Termination Date, subject to the terms and conditions hereof. As provided in Section 8.6, each Lender shall be entitled to fund and maintain its funding of all or any part of its Canadian Revolving Loans in any manner it sees fit, including funding from an Affiliate or a branch of the Lender located outside of the United States of America.

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