Schedule I Lender definition

Schedule I Lender means a Lender which is a Canadian chartered bank listed on Schedule I to the Bank Act (Canada).
Schedule I Lender means any Lender named on Schedule I to the Bank Act (Canada).
Schedule I Lender means any Global Tranche Lender named on Schedule I to the Bank Act (Canada).

Examples of Schedule I Lender in a sentence

  • Whenever a Canadian Borrower requests a Revolving Credit Loan by way of Bankers’ Acceptance, each Lender which is not a Schedule I Lender and each Non BA Lender shall, in lieu of accepting a Bankers’ Acceptance, make a BA Equivalent Loan in an amount equal to the Non BA Lender’s Canadian Facility Commitment Percentage.

  • Whenever Canadian Borrower delivers a Notice of Drawing to Canadian Agent under this Agreement requesting Canadian Lenders to accept Drafts, a Canadian Lender, other than a Schedule I Lender, which cannot or does not accept Drafts (a “Non-Acceptance Canadian Lender”) shall, in lieu of accepting Drafts, make an Acceptance Equivalent Loan.

  • Each Schedule I Lender shall purchase all Bankers' Acceptances accepted by it on the relevant Drawing Date, Rollover Date or Conversion Date at the BA Discount Rate equal to the CDOR Rate for bankers' acceptances in Canadian Dollars having comparable issue dates and maturity dates to the Bankers' Acceptances purchased by such Schedule I Lender.

  • For greater certainty, the net amount to be made available by each Lender on any date in respect of a BA Loan made by it on such date shall be the same as the amount of BA Discount Proceeds that such Lender would have been required to make available to the Borrower had such Lender been a Schedule I Lender that purchased the Bankers’ Acceptances accepted by it on such date.

  • Whenever Canadian Borrower delivers a Notice of Drawing to Canadian Agent under this Agreement requesting Canadian Lenders to accept Drafts, a Canadian Lender, other than a Schedule I Lender, which cannot or does not accept Drafts (a "Non-Acceptance Canadian Lender") shall, in lieu of accepting Drafts, make an Acceptance Equivalent Loan.


More Definitions of Schedule I Lender

Schedule I Lender means any Canadian Lender named on Schedule I to the Bank Act (Canada).
Schedule I Lender shall have the meaning given to such term in the definition ofBA Rate”;
Schedule I Lender means Revolving Credit Lenders that are banks named in Schedule I to the Bank Act (Canada).
Schedule I Lender any Lender whose name appears in Schedule I to the Bank Act (Canada).
Schedule I Lender means a Lender which is a U.S. branch of a Canadian chartered bank listed on Schedule I to the Bank Act (Canada).
Schedule I Lender. Canadian Revolving Lenders that are banks named in Schedule I to the Bank Act (Canada).
Schedule I Lender each Lender listed on Schedule I to the Bank Act (Canada).