Canadian Participating Lender definition

Canadian Participating Lender is defined in Section 2.2(d).
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Canadian Participating Lender is defined in Section 2.3(e).
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Canadian Participating Lender each Lender (other than Canadian Lender) that has a Canadian Percentage as identified on Schedule 1.1; it being understood and agreed that each Canadian Affiliate of a Domestic Lender (other than Fleet) which is not a non-resident of Canada for purposes of Part XIII of the Income Tax Act (Canada) or any successor provision thereto shall be a Canadian Participating Lender.
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Examples of Canadian Participating Lender in a sentence

  • Canadian Participating Lender - each Lender that has a Canadian Participation as identified on Exhibit 1.1; it being understood and agreed that any Lender with funding capability in Canada shall be a Canadian Participating Lender and that any participation pursuant to subsection 1.1.2 and/or any funding pursuant to subsection 3.2.6 shall be effected through such Canadian Participating Lender’s affiliate in Canada.

  • Whenever any Canadian Non-Excluded Taxes are payable by the Canadian Borrowers, as promptly as possible thereafter, the Borrower Representative shall send to the Canadian Agent for its own account or for the account of the Canadian Lender or a Canadian Participating Lender, as the case may be, a certified copy of an original official receipt received by Canadian Borrowers showing payment thereof.

  • Upon the making of each such Canadian Revolving Credit Loan and subject to Section 3.2.6, each Canadian Participating Lender shall be deemed to have irrevocably and unconditionally purchased from the Canadian Lender, without recourse or warranty, an undivided interest and participation in each Canadian Revolving Credit Loan to the extent of such Canadian Participating Lender's Canadian Percentage thereof.

  • Upon the making of each such Canadian Revolving Credit Loan and subject to subsection 3.2.6, each Canadian Participating Lender shall be deemed to have irrevocably and unconditionally purchased from the Canadian Lender, without recourse or warranty, an undivided interest and participation in each Canadian Revolving Credit Loan to the extent of such Canadian Participating Lender’s Canadian Percentage thereof.

  • Each such Notice of Canadian Revolving Credit Loan Refunding shall be deemed to constitute delivery of a notice to the Administrative Agent requesting each Canadian Participating Lender to immediately transfer to the Canadian Lender, in immediately available funds, the amount of its participation denominated in U.S. Dollars and Canadian Dollars, as the case may be, with reference to the U.S. Dollar Refunding Amount and the Canadian Refunding Amount, as the case may be.

  • For purposes of Section 2.13, any interest distributed by Canadian Lender to a Canadian Participating Lender shall be deemed to have been paid by Canadian Borrower.

  • Each such Notice of Canadian Revolving Loan Refunding shall be deemed to constitute delivery of a notice to Administrative Agent requesting each Canadian Participating Lender to immediately transfer to the Canadian Lender, in immediately available funds, the amount of such Canadian Participating Lender’s participation with reference to the Canadian Dollar Refunding Amount, as the case may be.

  • The failure of any Domestic Lender or Canadian Participating Lender to make the Domestic Revolving Credit Loans, Domestic Cap Ex Loans, or Canadian Revolving Credit Loans refunding, as the case may be, to be made by it shall not release any other Domestic Lender or Canadian Participating Lender, as the case may be, of its obligations hereunder to make its Domestic Revolving Credit Loan, Domestic Cap Ex Loans, or Canadian Revolving Credit Loan refunding, as the case may be.

  • Neither Administrative Agent, or Canadian Agent, nor any other Domestic Lender or Canadian Participating Lender shall be responsible for the failure of any other Domestic Lender or Canadian Participating Lender, as the case may be, to make the Domestic Revolving Credit Loan, the Domestic Cap Ex Loan, or Canadian Revolving Credit Loan refunding, as the case may be, to be made by such other Domestic Lender or Canadian Participating Lender, as the case may be.

  • The foregoing notwithstanding, Administrative Agent, Canadian Agent or UK Agent, as applicable, in its sole discretion, may from its own funds make a Domestic Revolving Credit Loan on behalf of any Domestic Lender, or a Canadian Revolving Credit Loan refunding on behalf of any Canadian Participating Lender, or a UK Revolving Credit Loan refunding or UK Term Loan refunding on behalf of any UK Participating Lender.


More Definitions of Canadian Participating Lender

Canadian Participating Lender means each Lender acquiring from one or more of the Canadian Lenders a participation in Canadian Loans and LC Exposure related to Letters of Credit issued for the account of WP Canada and identified as such in Schedule 1.02 (such Lenders initially being JPMorgan Chase Bank funding through its Toronto branch and Bank One, NA funding through its Canada branch, both of which are Canadian branches of an authorized foreign bank deemed to be resident in Canada). Such participations shall be pro rata based on such Canadian Participating Lender’s Revolving Loan Commitment as compared to the aggregate amount of Revolving Loan Commitments of all Canadian Participating Lenders.
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Canadian Participating Lender means, with respect to any Canadian Borrowing (and the Canadian Fronting Lender Loan included in such Borrowing), any Lender other than (a) the Canadian Fronting Lender, (b) the Canadian Funding Lenders with respect to such Loan, and (c) (unless the Australian Fronting Lender (i) is also a Lender under the Committed Facility and (ii) is not the Canadian Fronting Lender or an Affiliate of the Canadian Fronting Lender) the Australian Fronting Lender.
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Canadian Participating Lender is defined in Section 1.3A (d) hereof.
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Related to Canadian Participating Lender

  • Participating Lender has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

  • Canadian Lender means any Lender that (a) is a Canadian chartered bank lending and receiving payment through Canadian offices and (b) has a Canadian Commitment.

  • Participating Bank means any participating banks of the JETCO ATM network, (if applicable) PLUS ATM network and/or (if applicable) China UnionPay ATM network;

  • Identified Participating Lenders has the meaning set forth in Section 2.05(a)(v)(C)(3).

  • Multicurrency Lender means the Persons listed on Schedule 1.01(b) as having Multicurrency Commitments and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Multicurrency Commitment or to acquire Revolving Multicurrency Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Selling Lender has the meaning specified in Section 11.7 (

  • Canadian Lenders means the Persons (or an Affiliate or branch of any such Person that is acting on behalf of such Person, in which case the term “Canadian Lenders” shall include any such Affiliate or branch with respect to the Canadian Loans made by such Affiliate or branch) having a Canadian Commitment and any other Person that shall acquire a Canadian Commitment, other than any such Person that ceases to be a Canadian Lender pursuant to an Assignment and Assumption.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Lenders hereunder.

  • Swing Lender means Xxxxx Fargo or any other Lender that, at the request of Borrowers and with the consent of Agent agrees, in such Lender’s sole discretion, to become the Swing Lender under Section 2.3(b) of the Agreement.

  • New Revolving Lender as defined in Section 2.24.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment.

  • Revolving Credit Lender means, at any time, any Lender that has a Revolving Credit Commitment at such time.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

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

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Participating Banks means such investment banks that engage in any Debt Exchange with one or more members of the Parent Group.

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.