Canadian Banks means a Bank that is designated as a Canadian Bank on Schedule 1 to the Credit Agreement.

Canadian Banks. The banks and financial institutions that shall have agreed to make Canadian Loans to the Canadian Borrowers, as evidenced by such Bank having a positive figure beside its name in the column titled “Canadian Commitment” on Schedule 1 hereto, as such Schedule may be updated from time to time in accordance with §2.1.5, §2.3(f), §2.4 and §21 hereof, each other Person that becomes a “Canadian Bank” in accordance with this Agreement, and their respective successors and assigns, and, in each case, each of which is a bank or other financial institution which is resident in Canada for purposes of the Income Tax Act (Canada) and which is named in Schedule I or Schedule II to the Bank Act (Canada) or deemed resident in Canada for purposes of Part XIII of the Income Tax Act (Canada) in respect of amounts paid or credited under this Agreement and which is named in Schedule III to the Bank Act (Canada).

Canadian Banks means those Schedule I or Schedule II Banks to which the Bank Act (Canada) applies and which agree to make Loans to the Company.

Examples of Canadian Banks in a sentence

The Corporation invests excess cash in high-interest savings accounts or in highly liquid temporary investments of Schedule 1 Canadian Banks.
Promptly following receipt of a Bankers’ Acceptance Notice, the Canadian Agent shall so advise the Canadian Banks of the face amount of each Bankers’ Acceptance to be accepted by it and the term thereof.
As provided in Section 2.3, the Borrower may at its option pay such Canadian facility fee together with any facility fee owing to the Banks pursuant to Section 2.3(a) pursuant to a single payment to the Administrative Agent for the benefit of the Banks and the Canadian Banks, respectively; provided, the Borrower shall so specify to the Administrative Agent that such payment is with respect to both the Canadian facility fee hereunder and such facility fee.
The Global Administrative Agent will promptly make the funds so received from the Syndicated Canadian Banks available to the Canadian Borrower.
If no successor is appointed prior to the effective date of the resignation, the relevant resigning Agent may appoint, as the case may be, after consulting with the Banks, the Canadian Banks, the UK Banks and Borrower, a successor Agent, as the case may be, from among the Banks, Canadian Banks or UK Banks, as the case may be.

More Definitions of Canadian Banks

Canadian Banks. Relevant Bank", "Relevant Banks", "Bank" or "Banks" shall, unless the context otherwise indicates, include each Agent, as applicable, in its individual capacity. Chase (and any successor acting as U.S. Agent), Christiania Bank OG Kreditkasse, Hibernia National Bank and Societe Generale, Southwest Agency, as U.S. Co-Agents and Chase Canada (and any successor acting as Canadian Agent) and their respective affiliates may (without having to account therefor to any Bank) accept deposits from, lend money to, make investments in and generally engage in any kind of banking, trust or other business with the Obligors (and any of their Subsidiaries or Affiliates) as if it were not acting as such Agent, and Chase, Christiania Bank OG Kreditkasse, Hibernia National Bank, Societe Generale, Southwest Agency and Chase Canada and their respective affiliates may accept fees and other consideration from the Obligors for services in connection with this Agreement or otherwise without having to account for the same to the Banks.

Canadian Banks means the three largest banks, measured by assets that are listed onSchedule I to the Bank Act (Canada).

Canadian Banks the financial institutions or banks resident in Canada (each of which must be a Qualifying Bank) that shall have agreed, pursuant to Section 2.3 hereof, at the request of the Borrower and the Canadian Borrower and with the consent of the Administrative Agent, which consent will not be unreasonably withheld or delayed, to make Canadian Revolving Credit Loans to the Canadian Borrower and to purchase and accept Bankers' Acceptances, as evidenced by such Bank having a positive figure beside its name in the column titled "Canadian Commitment" on Schedule 1.1 hereto, as such Schedule may be updated from time to time.

Canadian Banks is deleted and replaced with the following:

Canadian Banks. MEANS THOSE SCHEDULE I OR SCHEDULE II BANKS TO WHICH THE BANK ACT (CANADA) APPLIES AND THOSE BANKS THAT ARE MENTIONED IN SCHEDULE III OF THE BANK ACT (CANADA) THAT ARE NOT SUBJECT TO THE RESTRICTIONS AND REQUIREMENTS REFERRED TO IN SUBSECTION S 524(2) OF THE BANK ACT (CANADA) AND WHICH AGREE TO MAKE LOANS TO THE COMPANY.

Canadian Banks means the Foreign Banks other than the U.K. Bank.

Canadian Banks means those Banks which, from time to time, shall have Commitments to make Canadian Revolving Advances to Work Wear.