Canadian Letters of Credit definition

Canadian Letters of Credit as defined in Section 3.7(c).

Canadian Letters of Credit has the meaning specified in Section 2.2(f).

Canadian Letters of Credit means all Letters of Credit issued for the account of a Canadian Borrower.

Examples of Canadian Letters of Credit 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.

• Within the foregoing limits, and subject to the terms and conditions hereof, the Canadian Borrower’s ability to obtain Canadian Letters of Credit shall be fully revolving, and accordingly the Canadian Borrower may, during the foregoing period, obtain Canadian Letters of Credit to replace Canadian Letters of Credit that have expired or that have been drawn upon and reimbursed.

• Each Canadian Lender hereby irrevocably appoints and authorizes Canadian Agent to act as its agent hereunder, under the Canadian Letters of Credit and under the other Loan Documents with such powers as are specifically delegated to Canadian Agent by the terms hereof and thereof, together with such other powers as are reasonably incidental thereto.

• If the Borrowers fail to make such payment when due, the Administrative Agent or the Canadian Administrative Agent, as applicable, shall notify each U.S. Lender of the applicable LC Disbursement with respect to U.S. Letters of Credit and each Canadian Lender of the applicable LC Disbursement with respect of Canadian Letters of Credit, the payment then due from the applicable Borrower in respect thereof and such Lender’s Applicable Percentage thereof.

• Within the foregoing limits, and subject to the terms and conditions hereof, each Canadian Borrower’s ability to obtain Canadian Letters of Credit shall be fully revolving, and accordingly each Canadian Borrower may, during the foregoing period, obtain Canadian Letters of Credit to replace Canadian Letters of Credit that have expired or that have been drawn upon and reimbursed.

More Definitions of Canadian Letters of Credit

Canadian Letters of Credit shall have the meaning assigned to such term in subsection 2.8 hereof.

Canadian Letters of Credit means the collective reference to letters of credit denominated in Canadian Dollars pursuant to Section 3.1 (including any applicable Existing Letters of Credit). Notwithstanding anything to the contrary contained herein, a letter of credit issued by any Issuing Lender (other than Wells Fargo at any time it is also acting as Administrative Agent) shall not be a “Canadian Letter of Credit” for purposes of the Loan Documents until such time as the Administrative Agent has been notified in writing of the issuance thereof by the applicable Issuing Lender.

Canadian Letters of Credit means Standby Letters of Credit issued, or deemed issued, by the applicable Issuing Lender for the account of Canadian Borrower pursuant to subsection 2.7.

Canadian Letters of Credit means the letters of credit issued pursuant to Section 2.25.

Canadian Letters of Credit as defined in Section 2.3.1 hereof. Canadian Multi-Employer Plan: each multi-employer plan, within the meaning of the Regulations under the Income Tax Act (Canada), but excluding, for greater certainty, any Multi-Employer Plan.

Canadian Letters of Credit means, collectively, the irrevocable standby letters of credit and letters of guarantee issued pursuant to Section 2.10(a)(ii) in form acceptable to the Canadian Facing Agent, together with any increases or decreases in the Stated Amount thereof and any renewals, amendments and/or extensions thereof, and “Canadian Letter of Credit” means any one of such Canadian Letters of Credit.

Canadian Letters of Credit means any standby letters of credit issued by Canadian Issuing Lender at the request of or for the account of the Canadian Borrowers pursuant to Article 3 hereof.