Canadian Bank means Bank of America, N.A. (acting through its Canada branch), or any successor entity thereto.
Canadian Bank means Bank of America, N.A. (acting through its Canada branch), for so long as it is a Canadian Revolving Lender hereunder.
Canadian Bank means each Bank listed on Schedule 1.1(B) and its permitted ------------- --------------- successors and assigns. Each Canadian Bank shall be either (i) a U.S. Bank or (ii) an Affiliate of a U.S. Bank which has been designated to be a Canadian Bank hereunder by such U.S. Bank.
Examples of Canadian Bank in a sentence
X’Xxxxx Telecopy No.: (000) 000-0000 If to the Canadian Bank: Bank of America, N.A. (acting through its Canada branch) 000 Xxx Xxxxxx Xxxxxxx, Xxxxxxx, X0X 0X0 Attention: Xxxxxx Xxxx Telecopy No.: (000) 000-0000 If to the Borrowers: Herc Rentals Inc.
More Definitions of Canadian Bank
Canadian Bank means a Canadian depository institution designated from time to time by Administrative Agent.
Canadian Bank means Bank of the West or such other bank appointed as the Canadian Bank after the date hereof by Administrative Agent.
Canadian Bank means each Bank or its Canadian branch or Affiliate with a Canadian Commitment from time to time hereunder.
Canadian Bank means Canadian Schedule I Banks or Canadian Schedule II Banks which are residents of Canada for purposes of the Income Tax Act (Canada).
Canadian Bank means JPMorgan, WFB, Barclays Bank, Citibank and RBC and certain other additional Banks, each acting through their respective Canadian branch or Affiliate (if not a Canadian resident financial institution) or their respective U.S. branch or Affiliate (if such Bank does not have a Canadian branch or Affiliate), with a Canadian Commitment from time to time hereunder.
Canadian Bank means Bank of America, N.A. (acting through its Canada branch), or any successor entity thereto. “Canadian Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the per annum rate of interest designated by the Canadian Bank from time to time as its base rate for commercial loans made by it in Dollars, which rate is based on various factors, including its costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above or below such rate, (b) the Federal Funds Rate plus ½ of 1% and (c) Term SOFR for a 30-day interest period as determined on such day, plus 1%; provided that in no event shall the Canadian Base Rate be less than zero. Any change in such rate shall take effect at the opening of business on the applicable Business Day. If the Canadian Base Rate is being used as an alternate rate of interest pursuant to Section 5.5 or 5.7 hereof, then the Canadian Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above. “Canadian Borrowers” has the meaning specified in the introductory paragraph to this Agreement. “Canadian Borrowing Base” means, at any time, an amount in Dollars equal to: (a) the lesser of (i) 100% of the Net Book Value of Eligible Rental Equipment of the Canadian Obligors and (ii) 85% of the Net Orderly Liquidation Value of the Eligible Rental Equipment of the Canadian Obligors; minus (b) the sum of (i) the amount of Pari Passu Debt Reserves with respect to Indebtedness of the Canadian Obligors (without duplication for any Pari Passu Debt Reserves imposed with respect to the U.S. Borrowing Base) plus (ii) the amount of all other Reserves related to the Canadian Credit Facilities from time to time established by the Agent in accordance with Section 2.9 of this Agreement or in accordance with the definition of “Waterfall Priority Hedge Agreement Reserve”. “Canadian Collateral” means all of the Canadian Obligors’ personal property from time to time subject to the Agent’s Liens securing payment or performance of any Canadian Obligations pursuant to the Canadian Security Documents, other than Excluded Assets (as defined in the Canadian Security Agreement); provided that the term “Canadian Collateral” shall not include U.S.
Canadian Bank means Bank of America, N.A. (acting through its Canada branch), or any successor entity thereto. “Canadian Borrowers” has the meaning specified in the introductory paragraph to the Agreement.