Canadian Revolving Lender definition

Canadian Revolving Lender means, as of any date of determination, a Lender with a Canadian Revolving Commitment or, if the Canadian Revolving Commitments have terminated or expired, a Lender with Canadian Credit Exposure.

Canadian Revolving Lender means each Lender having a Canadian Revolving Commitment.

Canadian Revolving Lender each Lender that has a Canadian Revolving Commitment or that is the holder of Canadian Revolving Loans, including, if applicable, institutions that, in separate capacities, serve as the Canadian Issuing Lender.

Examples of Canadian Revolving Lender in a sentence

• The Administrative Agent shall give each Canadian Revolving Lender prompt notice of any such proposed conversion affecting any of its Canadian Prime Rate Loans.

• Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each U.S. Revolving Lender and/or Canadian Revolving Lender, as applicable, of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

• The Administrative Agent shall notify each Canadian Revolving Lender in writing of each Canadian Agent Advance; provided that any delay or failure of the Administrative Agent in providing any such notice to any Lender shall not result in any liability or constitute the breach of any duty or obligation of the Administrative Agent hereunder.

• If the applicable Borrowers fail to reimburse any L/C – BA Disbursement when due, then the Administrative Agent shall promptly notify the applicable Issuing Bank and each other U.S. Revolving Lender or Canadian Revolving Lender, as applicable, of the applicable L/C – BA Disbursement, the payment then due from the applicable Borrowers in respect thereof and, in the case of a Revolving Lender, such Lender’s Pro Rata Share thereof.

• The Canadian Commitment Fee due to each Canadian Revolving Lender under this Section 2.12(c) shall commence to accrue on the Amendment and Restatement Effective Date and shall cease to accrue on the date on which the last of the Canadian Revolving Facility Commitments of such Canadian Revolving Lender shall be terminated as provided herein.

More Definitions of Canadian Revolving Lender

Canadian Revolving Lender means each Lender which has a Canadian Revolving Loan Commitment or which has any outstanding Canadian Revolving Loans.

Canadian Revolving Lender means any Lender under the Canadian Subfacility. Each Canadian Revolving Lender (or any Affiliate or branch of any such Lender that is acting on behalf of such Lender) that is not resident in Canada or is deemed not to be resident in Canada for purposes of the ITA, shall be a financial institution that deals at arm’s length with the Canadian Borrowers for purposes of the ITA.

Canadian Revolving Lender means any Lender which has a Canadian Revolving Commitment, which prior to any CAM Exchange shall be resident in Canada for purposes of the ITA, or deemed to be resident in Canada for purposes of Part XIII of the ITA in respect of any amounts paid or credited to such Lender under the Canadian Revolving Facility.

Canadian Revolving Lender the Lender set forth on Schedule 1.1C and any other Eligible Canadian Assignee who becomes an assignee of any rights and obligations of a Canadian Revolving Lender pursuant to Section 10.6, acting in their role as makers of Canadian Revolving Loans and Additional Revolving Loans, none of which lenders shall be a non-resident of Canada for purposes of the Income Tax Act (Canada), except as otherwise provided under the definition of Eligible Canadian Assignee.

Canadian Revolving Lender means, as of any date of determination, any Canadian Lender holding a Canadian Revolving Commitment on such date.

Canadian Revolving Lender means a Lender with a Canadian Revolving Commitment or an outstanding Canadian Revolving Loan, Canadian Swingline Loan, Canadian Agent Advance or that is a Canadian Letter of Credit Participant.

Canadian Revolving Lender means a Lender (including an Incremental Revolving Lender) with a Canadian Revolving Facility Commitment or with outstanding Canadian Revolving Loans.