Canadian Designated Account definition

Canadian Designated Account means the Deposit Account identified on Schedule D-1.
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Canadian Designated Account has the meaning specified in Section 2.6(c).
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Canadian Designated Account the Deposit Account of the Canadian Borrowers identified on Schedule 1.1E.
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Examples of Canadian Designated Account in a sentence

  • Unless otherwise agreed by Agent and Canadian Borrower, any Canadian Revolving Loan requested by Canadian Borrower and made by Agent or the Lenders hereunder shall be made to the Canadian Designated Account.

  • Canadian Borrower agrees to establish and maintain the Canadian Designated Account with the Canadian Designated Account Bank for the purpose of receiving the proceeds of the Canadian Revolving Loans requested by Canadian Borrower and made by Agent or the Lenders hereunder.


More Definitions of Canadian Designated Account

Canadian Designated Account means that certain DDA of PCI Chemicals identified as the Canadian Designated Account on Schedule D-1.
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Canadian Designated Account on or before the deadline set forth above; provided, however, that such telephonic or electronic notice shall be confirmed in writing by delivery to the Agent (with a copy to the Canadian Bank) (A) promptly and on the same day of a telecopy of a Canadian Notice of Borrowing which has been signed by an authorized officer of the Canadian Borrower and (B) only if requested by the Agent (or the Canadian Bank on its behalf), of a Canadian Notice of Borrowing containing the original signature of an authorized officer of the Canadian Borrower, mailed or delivered by the Canadian Borrower to the Agent (with a copy to the Canadian Bank) on the date such notice is given or as soon as reasonably practicable thereafter. Unless otherwise agreed with the Canadian Borrower, in the event that the terms of any confirmatory Canadian Notice of Borrowing referred to in the proviso contained in the immediately preceding sentence shall conflict with the telephonic or electronic notice with respect to which it was delivered, the terms of such telephonic or electronic notice shall govern. The Agent at all times shall be entitled to rely on telephonic or electronic notice in making such Canadian Revolving Loans, regardless of whether any written confirmation is received.
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Related to Canadian Designated Account

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, Performance Guarantor, Servicer, Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.