Existing Canadian Letters of Credit definition

Existing Canadian Letters of Credit means the Canadian Letters of Credit that are described on the notice from the Administrative Agent addressed to the Lenders dated as of the Closing Date, referencing this Agreement, titled “List of Existing Letters of Credit.”

Existing Canadian Letters of Credit means those Existing Letters of Credit identified as Canadian Letters of Credit on Schedule 1.1(b).

Existing Canadian Letters of Credit means the issued and undrawn letters of credit existing on the date of this Agreement issued by The Bank of Nova Scotia under the Existing Credit Facility on behalf of Canadian Borrowers and listed on Exhibit O attached hereto.

Examples of Existing Canadian Letters of Credit in a sentence

• All Existing Canadian Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.

• The Canadian Issuing Lender, the Canadian Lenders and the Canadian Borrower agree that effective as of the Effective Date, the Existing Canadian Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, this Agreement.

• Issuing Bank: Bank of America or any Affiliate of Bank of America, Société Générale (with respect to the Existing Canadian Letters of Credit and Existing U.S. Letters of Credit), any other Lender reasonably acceptable to the Lead Borrower and the Agent (such consent not to be unreasonably withheld or delayed by either party) who agrees to issue Letters of Credit, or any replacement issuer appointed pursuant to Section 2.2.5.

• Existing Letters of Credit: Existing Australian Letters of Credit, Existing Belgian Letters of Credit, Existing Canadian Letters of Credit, Existing Dutch Letters of Credit, Existing Norwegian Letters of Credit, Existing UK Letters of Credit and/or Existing U.S. Letters of Credit, as the context may require.

• CIBC agrees, subject to the terms and conditions of this Agreement, to maintain the Existing Canadian Letters of Credit as Canadian Letters of Credit hereunder and, upon request of TD Canada to issue from time to time for the account of the TD Canada Canadian Letters of Credit upon delivery to CIBC of a Letter of Credit Application in form and content acceptable to CIBC; provided, that the Canadian Letter of Credit Outstandings hereunder shall not exceed the Canadian Letter of Credit Commitment.

More Definitions of Existing Canadian Letters of Credit

Existing Canadian Letters of Credit means collectively those outstanding letters of credit issued by the Canadian Issuing Bank for the account of any Loan Party as set forth in Schedule 3.5. Such letters of credit shall be deemed issued under the Canadian Revolving Commitments pursuant to Section 3.5 as of the Closing Date.

Existing Canadian Letters of Credit means the Canadian Letters of Credit that are described on the notice from the Administrative Agent addressed to the Lenders dated as of the Closing Date, referencing this Credit Agreement, titled “List of Existing Letters of Credit.”

Existing Canadian Letters of Credit means standby and commercial letters of credit outstanding under the Prior TD Canada Facilities as of the Closing Date, more particularly described on Schedule 1-2;

Existing Canadian Letters of Credit means the letters of credit issued before the Effective Date under the Existing Integris Facility in respect of which Integris Canada is the account party, as such letters of credit are identified on part (b) of Schedule 2.20.

Existing Canadian Letters of Credit. “Existing Domestic Revolving Loans”, “Existing Domestic Letters of Credit”, “Existing Domestic Term Loans” and “Existing Domestic Term Loan Lenders” shall have the meanings provided in the Preliminary Statements.

Existing Canadian Letters of Credit means all letters of credit outstanding under the Existing Canadian Credit Agreement immediately prior to the Closing Date.

Existing Canadian Letters of Credit the irrevocable letters of credit existing on the Closing Date and issued by CIBC for the account of the U.S. Borrower, as more particularly described in Schedule 1.3D hereof.