Canadian Account definition

Canadian Account means an account other than a non-Canadian account.

Canadian Account means each bank account held in Canada:

Canadian Account means, individually and collectively, those certain deposit accounts maintained by BioHorizons at a Canadian Bank.

Examples of Canadian Account in a sentence

• The fact that an individual may be located temporarily outside of Canada, that a foreign location is used to place the order or as the address for settlement or confirmation of the trade does not alter the account's status as a Canadian account.

• Occasions may arise when a Participant may wish to make an agreement to trade as principal with a Canadian account, or to arrange a trade between a Canadian account and a non-Canadian account, outside of the trading hours of any marketplace that trades the particular security.Rule 6.4 states that all trades must be executed on a marketplace unless otherwise exempted from this requirement.

• Once the funds have been received by us and your day-to-day account has been opened, we will provide you with written confirmation that the funds are being held in a Canadian account (your day-to-day account).

• A trade by or on behalf of an individual normally resident in Canada, or an organization located in Canada, is considered to be a trade for a Canadian account.

• Finally, Corinthian maintains a few miscellaneous accounts for different purposes, including a Canadian account (for purposes of distributingCanadian currency, when necessary) with Union Bank and a flexible spending account reimbursement account with CA Bank.

More Definitions of Canadian Account

Canadian Account has the meaning given to the term “Pledge Account” in the Canadian Security Agreement.

Canadian Account means any account invoiced and payable in Canadian Dollars

Canadian Account means Account No. 000-000-0, established and maintained in the name of the Canadian Agent at Royal Bank of Canada, in Toronto, Ontario, Transit No. 00000, Bank No. 003 or such other account as the Canadian Agent may establish from time to time with the prior written consent of the Administrative Agent.

Canadian Account means an Eligible Account that is payable by an Account Debtor whose place of business and jurisdiction of organization is in Canada. Eligible Insured Accounts means Trade Accounts who meet all of the criteria to be Eligible Accounts except paragraph 5 thereof, which qualify as Eligible Accounts, as the case may be, and whose payment is insured by a receivable insurance provider reasonably acceptable to the Administrative Agent, provided that the benefits of any insurance are specifically charged to and in favour of the Finance Parties free from any other Lien (other than Permitted Liens) and any such charge is duly accepted and acknowledged by such insurance provider. Eligible Inventory, as at the date of determination, all Inventory (other than slow moving, packaging and crating supplies used or consumed in the normal course of business), raw materials, work-in-progress and finished goods of the Credit Parties (valued at the Net Orderly Liquidation Value) that meet the following criteria (provided, that such exclusion criteria may be revised from time to time by the Administrative Agent in its Permitted Discretion): 104822.00280/115572577.6305585250.30 CREDIT AGREEMENT SCHEDULE "B" - PAGE 15 1. as to which any of the representation or warranties contained herein or in any other Operative Document pertaining to such Inventory, raw material, work-in-progress or finished goods is true and correct; 2. are assets of a Credit Party to which it has good and marketable title, are freely assignable and are not subject to any Liens other than Permitted Liens, and over which the Administrative Agent has first priority Liens, other than Permitted Liens that arise by operation of Law; 3. are held on premises owned or operated by a Credit Party and located in Canada or the United States; 4. are not discontinued or excess items or used items held for resale; 5. are of good and merchantable quality, free from any material defects and are not obsolete, unsalable, shopworn, damaged, unfit for further processing or of substandard quality, in the Administrative Agent's credit judgment using its Permitted Discretion; 6. if In-Transit Inventory, such Inventory forming part of the Borrowing Base does not exceed $5,000,000 in appraised value and is (i) fully insured to the satisfaction of the Administrative Agent, (ii) is fully paid or its payment is fully backed by appropriate bills of lading properly and indicates that such Inventory is "FOB" from the supplier's location, (ii...

Canadian Account means each bank account held by a member of the Group in Canada: set out in Schedule 9 (Canadian Accounts); and opened after the date of this Agreement.

Canadian Account means have the meaning specified in Section 4.02. ----------------

Canadian Account means an Account, with respect to which, the Account Debtor (x) maintains its chief executive office in Canada and (y) is organized under the laws of Canada or any state or province thereof.