Canadian Letter of Credit Application definition

Canadian Letter of Credit Application means the Canadian Issuing Lender’s standard form letter of credit application for standby or commercial letters of credit which has been executed by the Canadian Borrower and accepted by the Canadian Issuing Lender in connection with the issuance of a Canadian Letter of Credit.
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Canadian Letter of Credit Application has the meaning assigned to that term in subsection 2.1(G)(3).
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Canadian Letter of Credit Application means an application and agreement for the issuance or amendment of a Canadian Letter of Credit in the form acceptable to the applicable Canadian Borrower and the applicable Canadian L/C Issuer, which may be in the standard form of such Canadian L/C Issuer, such form to be modified as agreed is appropriate in the context of a request for a Canadian Letter of Credit and as further agreed to by the applicable Canadian Borrower and such Canadian L/C Issuer to conform the nature, scope and extent of the rights and obligations of the parties thereto set forth herein (and as generally reflected in Exhibit E-1, in the case of a standby Canadian Letter of Credit, and Exhibit E-2, in the case of a commercial Canadian Letter of Credit) and otherwise to conform the provisions thereof to the provisions hereof. Without prejudice to Section 3.04(k), the forms of the standby and commercial Letter of Credit applications attached hereto as Exhibit E-1 and E-2, as applicable, shall be deemed to satisfy the foregoing requirements as to conformity.
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Examples of Canadian Letter of Credit Application in a sentence

  • In the event of any conflict between the terms hereof and the terms of any Canadian Letter of Credit Application, the terms hereof shall control.

  • In the case of a request for an amendment of any outstanding Canadian Letter of Credit, such Canadian Letter of Credit Application shall specify in form and detail satisfactory to such Canadian L/C Issuer (A) the Canadian Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as such Canadian L/C Issuer may require.

  • Such Canadian Letter of Credit Application may be sent by facsimile, by Canadian or United States mail, by overnight courier, by electronic transmission using the system provided by such Canadian L/C Issuer, by personal delivery or by any other means acceptable to such Canadian L/C Issuer.

  • In the case of a request for an amendment of any outstanding Canadian Letter of Credit, such Canadian Letter of Credit Application shall specify in form and detail satisfactory to the relevant Canadian L/C Issuer (1) the Canadian Letter of Credit to be amended; (2) the proposed date of amendment thereof (which shall be a Canadian Business Day); (3) the nature of the proposed amendment; and (4) such other matters as the relevant Canadian L/C Issuer may require.

  • In the case of a request for an amendment of any outstanding Canadian Letter of Credit, such Canadian Letter of Credit Application shall specify in form and detail reasonably satisfactory to the relevant Canadian L/C Issuer (1) the Canadian Letter of Credit to be amended; (2) the proposed date of amendment thereof (which shall be a Canadian Business Day); (3) the nature of the proposed amendment; and (4) such other matters as the relevant Canadian L/C Issuer may require.

  • In the case of a request for an amendment of any outstanding Canadian Letter of Credit, such Canadian Letter of Credit Application shall specify in form and detail satisfactory to the Canadian L/C Issuer (A) the Canadian Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the Canadian L/C Issuer may require.

  • Such Canadian Letter of Credit Application must be received by such Canadian L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as the Administrative Agent and such Canadian L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be.

  • Such Canadian Letter of Credit Application must be received by the Canadian L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least three Business Days (or such later date and time as the Administrative Agent and the Canadian L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be.

  • Such Canadian Letter of Credit Application must be received by the relevant Canadian L/C Issuer and the Canadian Administrative Agent not later than 11:00 a.m. at least two Canadian Business Days (or such later date and time as requested by the Canadian Borrower and as the relevant Canadian L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as the case may be.

  • Such Canadian Letter of Credit Application must be received by the relevant Canadian L/C Issuer and the Canadian Administrative Agent not later than 11:00 A.M. at least two Canadian Business Days (or such later date and time as requested by the Canadian Borrower and as the relevant Canadian L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as the case may be.

Related to Canadian Letter of Credit Application

  • Letter of Credit Application means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

  • Canadian Letter of Credit means a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.

  • Credit Application means any application for a Credit Account completed by You.

  • Letter of Credit Request shall have the meaning provided in Section 2.03(a).

  • Facility LC Application is defined in Section 2.19.3.

  • U.S. Letter of Credit means any letters of credit issued or to be issued by the U.S. Issuing Bank under the U.S. Subfacility for the account of the U.S. Borrowers pursuant to Section 2.13.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the obligations of the Borrower to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • Standby Letter of Credit Agreement means the Standby Letter of Credit Agreement relating to the issuance of a Standby Letter of Credit in the form from time to time in use by the L/C Issuer.

  • LC Application an application by Borrower Agent to Issuing Bank for issuance of a Letter of Credit, in form and substance satisfactory to Issuing Bank.

  • Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any Letter of Credit.

  • Trade Letter of Credit shall have the meaning provided in Section 2.01(a).

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Letter of Credit Liability means the sum of (x) aggregate amount of the undrawn stated amount of all outstanding Letters of Credit plus (y) the amount drawn under Letters of Credit for which the Letter of Credit Issuer and the Lenders, or any one or more of them, have not yet received payment or reimbursement (in the form of a conversion of such liability to Loans, or otherwise) as required pursuant to Section 2.8.

  • Letter of Credit Documents means, with respect to any Letter of Credit, collectively, any application therefor and any other agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights and obligations of the parties concerned or at risk with respect to such Letter of Credit or (b) any collateral security for any of such obligations, each as the same may be modified and supplemented and in effect from time to time.

  • Evergreen Letter of Credit has the meaning set forth in Section 2.01.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Letter of Credit Limit means $5,000,000.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Letter of Credit Subfacility means, at any time, an amount equal to the lesser of (a) the aggregate amount of the L/C Issuers’ Letter of Credit Sublimits at such time and (b) the Revolving Credit Facility at such time. The Letter of Credit Subfacility is part of, and not in addition to, the Revolving Credit Facility. On the Closing Date, the amount of the Letter of Credit Subfacility is $60,000,000.

  • Letter of Credit Disbursement means a payment made by Issuing Lender or Underlying Issuer pursuant to a Letter of Credit.