Canadian Resident Lender means, in respect of a particular Loan, (i) a Lender which holds such Loan and which is resident in Canada for the purposes of the ITA, and (ii) a Lender which is an “authorized foreign bank”, as defined in section 2 of the Bank Act (Canada) and in section 248(1) of the ITA, and which holds the Loan as part of its “Canadian banking business”, as defined in subsection 248(1) of the ITA.

Canadian Resident Lender means, in respect of a particular Loan, (i) a Lender which holds such Loan and which is resident in Canada for the purposes of the Income Tax Act (Canada), and (ii) a Lender which is an “authorized foreign bank”, as defined in section 2 of the Bank Act (Canada) and in section 248(1) of the Income Tax Act (Canada), and which holds the Loan as part of its “Canadian banking business”, as defined in subsection 248(1) of the Income Tax Act (Canada).

Canadian Resident Lender means, in respect of a particular Loan, (i) a Lender which holds such Loan and which is resident in Canada for the purposes of the Income Tax Act, and (ii) a Lender which is an “authorized foreign bank”, as defined in section 2 of the Bank Act (Canada) and in subsection 248(1) of the Income Tax Act, and which holds the Loan as part of its “Canadian banking business”, as defined in subsection 248(1) of the Income Tax Act.

Examples of Canadian Resident Lender in a sentence

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The election began on April 4, 2014 when the Board of Elections made absentee ballots available to voters in accordance with state and federal law.

More Definitions of Canadian Resident Lender

Canadian Resident Lender has the meaning set forth in Section 2.15(f).

Canadian Resident Lender means each Lender identified as such on Annex II to the Canadian Agreement or any Assignment and Acceptance executed by a new Lender, each being a Person that is (i) not a non-resident of Canada for the purposes of the Income Tax Act (Canada) or (ii) a Person that is an "authorized foreign bank" as defined in section 2 of the Bank Act (Canada) and in subsection 248(1) of the Income Tax Act (Canada) which will receive all amounts paid or credited to it under the Canadian Obligations in respect of its "Canadian banking business" for the purposes of paragraph 212(13.3)(a)of the Income Tax Act (Canada).

Canadian Resident Lender means a Person that (i) is not a non-resident of Canada for the purposes of the Income Tax Act (Canada) or (ii) is an "authorized foreign bank" as defined in subsection 248(1) of the Income Tax Act (Canada) which will receive all amounts paid or credited to it with respect to Canadian Credit Extensions and other Canadian Obligations and fees and other amounts payable in connection therewith in respect of its "Canadian banking business" for the purposes of paragraph 212(13.3)(a) of the Income Tax Act (Canada).

Canadian Resident Lender means, a Person which is (i) not a non-resident of Canada for the purposes of the ITA, or (ii) an “authorized foreign bank”, as defined in section 2 of the Bank Act (Canada) and in section 248(1) of the ITA, and which acquires and holds all of its interests under the Credit as part of its “Canadian banking business”, as defined in subsection 248(1) of the ITA.

Canadian Resident Lender means each Lender identified as such on the signature pages to the Canadian Agreement or any

Canadian Resident Lender means each Lender identified as such on the signature pages to this Agreement or any Lender Assignment Agreement executed by a new Lender, each being a Person that is not a non-resident of Canada for the purposes of the INCOME TAX ACT (Canada).