Examples of Canadian Account in a sentence

Foreign currency cash withdrawals, transfers or point of sale transactions on a Canadian Account will be made using the exchange rate that is in effect on that day for that currency.
The receipt of any payment item by Agent shall not be considered a payment on account unless such payment item is a wire transfer of immediately available federal funds made to Agent’s Account or Agent’s Canadian Account, as applicable, or unless and until such payment item is honored when presented for payment.
Subject to Section 2.11(e) below, Borrowers shall ensure that all collections of Accounts are paid directly from Account Debtors (i) into the Lockbox for deposit into the Lockbox Account, (ii) directly into the Lockbox Account, and/or (iii) solely with respect to Accounts owing from Canadian Account Debtors, directly into the Canadian Account.
Borrowers further shall execute with the applicable Canadian Bank a Deposit Account Control Agreement and such other agreements related to each Canadian Account as Administrative Agent may require.
Prior to the Closing, the Companies shall be permitted to distribute to Seller (i) the automobile that has currently been provided to Seller by the Companies and (ii) Parent's bank account # 05-197-27 held with Banque Nationale du Canada (the "Canadian Accouxx""); xxovided, that, the funds in the Canadian Account shall not exceed $200,000.

More Definitions of Canadian Account

Canadian Account has the meaning given to the term “Pledge Account” in the Canadian Security Agreement.

Canadian Account means any account invoiced and payable in Canadian Dollars

Canadian Account means Account No. 3012-102-082-5, established and maintained in the name of the Canadian Borrower at Royal Bank of Canada in Toronto, Ontario, Transit No. 00000, Bank No. 003, or such other account as the Canadian Agent may establish from time to time with the prior written consent of the Administrative Agent.

Canadian Account means an Account, with respect to which, the Account Debtor (x) maintains its chief executive office in Canada and (y) is organized under the laws of Canada or any state or province thereof.

Canadian Account means all deposit accounts maintained at Canadian ---------------- banking institutions by and in the name of the Borrower or any Loan Party including the accounts identified on Schedule 6.19 hereto, or such other deposit account with any Canadian banking institution approved by the Lender that is maintained by the Borrower that complies with Section 6.19. ------------ "Capitalized Lease" means, as to any Person, any lease of property by ----------------- such Person as lessee which would be accounted for as a capital lease on a balance sheet of such Person prepared in conformity with GAAP.

Canadian Account means any account owing to a Canadian Subsidiary and that otherwise meets the requirements to be an Eligible Account. As used herein, the term "Domestic Account" shall mean any Eligible Account other than a Canadian Account or an Other Foreign Account. As used herein, the term "Other Foreign Account" shall mean any account the obligor of which is not subject to the jurisdiction of federal, state or provincial courts in the United States of America or Canada, whether or not the Administrative Agent, on behalf of the Lenders, has a first-priority, perfected Lien covering said account, but which account otherwise meets the requirements to be an Eligible Account.

Canadian Account. As defined in Section 2.17(d).