Canadian Bank definition

Canadian Bank means Bank of America, N.A. (acting through its Canada branch), or any successor entity thereto.

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.

Canadian Bank means a Canadian depository institution designated from time to time by Administrative Agent.

Examples of Canadian Bank in a sentence

• Pursuant to the Canadian Bank Act, any complaints not specifically related to this Agreement may be directed to the Financial Consumer Agency of Canada (“FCAC”) at 0-000-000-0000 (English), 0-000-000-0000 (French), fax 0-000-000-0000, or by mail to 6th Floor, Enterprise Building, 000 Xxxxxxx Xxx, Xxxxxx, XX X0X 0X0 or through its website at xxx.xxxx-xxxx.xx.xx.

• If any Syndicated Canadian Bank, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Obligations or such amounts which may be subject to setoff, such Syndicated Canadian Bank agrees, promptly upon demand, to take such action necessary such that all Syndicated Canadian Banks share in the benefits of such collateral ratably in proportion to their Syndicated Canadian Loans.

• By its execution and delivery hereof, each Syndicated Global Lender agrees that it shall cause its affiliated Syndicated Canadian Bank with a Syndicated Canadian Commitment to execute and deliver to (or as directed by) the Global Administrative Agent, on such Business Day as is reasonably requested by the Global Administrative Agent, an executed counterpart to such Syndicated Canadian Bank’s signature page to the Syndicated Canadian Addendum.

• Each Canadian Bank further agrees to retain such records in the manner and for the statutory periods provided in the various Canadian provincial or federal statutes and regulations which apply to such Canadian Bank.

• The bond is to be in the form hereinafter set forth or such other form acceptable to Parkland County issued by a Canadian surety company licensed in the Province of Alberta, or an Irrevocable Letter of Credit to be issued by a Canadian Bank operating in the Province of Alberta, or a Certified Cheque.

More Definitions of Canadian Bank

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 (i) each Person listed on Part B of Schedule I, and (ii) each additional Person that becomes a Canadian Bank party hereto in accordance with Section 1.13 and/or 13.

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. Canadian Banks", "Relevant Bank", "Relevant Banks", "Bank" or "Banks" shall, unless the context otherwise indicates, include each Agent, as applicable, in its individual capacity. Chase (and any successor acting as U.S. Agent), Christiania Bank OG Kreditkasse, Hibernia National Bank and Societe Generale, Southwest Agency, as U.S. Co-Agents and Chase Canada (and any successor acting as Canadian Agent) and their respective affiliates may (without having to account therefor to any Bank) accept deposits from, lend money to, make investments in and generally engage in any kind of banking, trust or other business with the Obligors (and any of their Subsidiaries or Affiliates) as if it were not acting as such Agent, and Chase, Christiania Bank OG Kreditkasse, Hibernia National Bank, Societe Generale, Southwest Agency and Chase Canada and their respective affiliates may accept fees and other consideration from the Obligors for services in connection with this Agreement or otherwise without having to account for the same to the Banks.