Canadian Banks means a Bank that is designated as a Canadian Bank on Schedule 1 to the Credit Agreement.
Canadian Banks. The banks and financial institutions that shall have agreed to make Canadian Loans to the Canadian Borrowers, as evidenced by such Bank having a positive figure beside its name in the column titled “Canadian Commitment” on Schedule 1 hereto, as such Schedule may be updated from time to time in accordance with §2.1.5, §2.3(f), §2.4 and §21 hereof, each other Person that becomes a “Canadian Bank” in accordance with this Agreement, and their respective successors and assigns, and, in each case, each of which is a bank or other financial institution which is resident in Canada for purposes of the Income Tax Act (Canada) and which is named in Schedule I or Schedule II to the Bank Act (Canada) or deemed resident in Canada for purposes of Part XIII of the Income Tax Act (Canada) in respect of amounts paid or credited under this Agreement and which is named in Schedule III to the Bank Act (Canada).
Canadian Banks means those Schedule I or Schedule II Banks to which the Bank Act (Canada) applies and which agree to make Loans to the Company.
Examples of Canadian Banks in a sentence
Bank Name Bank ID: For US banks only use whether: (9 digits) ACH Fed wire SWIFT code 8 or 11 characters (required for overboard payments) Branch ID: (for Canadian Banks only) 9 digits routing no.
ABA (Keating); Allen & Overy (on behalf of Canadian Banks); JPMC; NAIB et al.; State Street (Feb.
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.
Upon the effective date of any such reduction or termination, the Canadian Borrowers shall pay to the Canadian Agent, for the pro rata accounts of the Canadian Banks, the full amount of the accrued and unpaid Canadian Facility Fee on the amount of such reduction.
Canadian Loan Requests made hereunder shall be irrevocable and binding on the Canadian Borrowers, and shall obligate the Canadian Borrowers to accept the Canadian Loan requested from the Canadian Banks on the proposed Drawdown Date.
More Definitions of Canadian Banks
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.
Canadian Banks. The Banks set forth on SCHEDULE 3 and any other Eligible Canadian Assignee who becomes an assignee of any rights and obligations of a Canadian Bank pursuant to Section 19, acting in their role as makers of Canadian Loans or as participants with respect to Canadian Letters of Credit or purchasers of Bankers' Acceptances, none of which Banks shall be a non-resident for purposes of the Income Tax Act (Canada). CANADIAN BASE RATE. The higher of (a) the annual rate of interest announced from time to time by the Canadian Agent as its "prime rate" for US$ commercial loans to borrowers in Canada (it being understood that such rate is a reference rate and not necessarily the lowest rate of interest charged by the Canadian Agent), or (b) one-half of one percent (1/2%) above the Overnight Federal Funds Effective Rate. CANADIAN BASE RATE LOAN. A Canadian Loan that accrues interest calculated by reference to the Canadian Base Rate. CANADIAN BORROWERS. Initially, KTI Recycling of Canada, Inc., an Ontario corporation ("KTI Canada"), and 1316991 Ontario, Inc., an Ontario corporation, and from and after the date hereof, KTI Canada and any other Subsidiaries (other than Excluded Subsidiaries) which conduct all or substantially all of their business in Canada or which are incorporated under the laws of Canada or a province thereof. CANADIAN BUSINESS DAY. Any day, other than a Saturday, Sunday or any day on which banking institutions in Toronto, Ontario are authorized by law to close. CANADIAN COMMITMENT. With respect to each Canadian Bank, the amount determined by multiplying such Canadian Bank's Canadian Commitment Percentage by the aggregate amount of the Total Canadian Commitment specified in Section 2.1(b) hereof, as the same may be increased or reduced from time to time.
Canadian Banks means the three largest banks, measured by assets that are listed onSchedule I to the Bank Act (Canada).
Canadian Banks the financial institutions or banks resident in Canada (each of which must be a Qualifying Bank) that shall have agreed, pursuant to Section 2.3 hereof, at the request of the Borrower and the Canadian Borrower and with the consent of the Administrative Agent, which consent will not be unreasonably withheld or delayed, to make Canadian Revolving Credit Loans to the Canadian Borrower and to purchase and accept Bankers' Acceptances, as evidenced by such Bank having a positive figure beside its name in the column titled "Canadian Commitment" on Schedule 1.1 hereto, as such Schedule may be updated from time to time.
Canadian Banks the Banks which shall have agreed to make Canadian Revolving Credit Loans to the Canadian Borrower and to purchase and accept Bankers' Acceptances, as evidenced by such Bank having a positive figure beside its name in the column titled "Canadian Commitment" on Schedule 1.1 hereto, as such Schedule may be updated from time to time.
Canadian Banks has the meaning set forth in the first paragraph of the Preliminary Statement of this Agreement.
Canadian Banks means, with respect to each Canadian Bank, collectively (a) a Bank that is designated as a Canadian Bank on SCHEDULE 1 hereto (but that is organized under the laws of the United States, or a state thereof) (a "Designated Bank"), and (b) the Canadian Affiliate of such Designated Bank; provided that (i) any Canadian Revolving Loan made by such Canadian Bank or Canadian Letter of Credit issued by or participated in by such Canadian Bank shall be actually made, issued or participated in, as the case may be, by such Canadian Affiliate, (ii) any U.S. Revolving Loans or UK Revolving Loans made, or U.S. Letters of Credit or UK Letters of Credit issued by or participated in, by such Canadian Bank shall be actually made, issued or participated in, as the case may be, by such Designated Bank, and (iii) the Commitment Percentage and the Revolving Credit Commitment for such Canadian Bank shall each be deemed to apply to such Canadian Affiliate and Designated Bank collectively.