Canadian Facility Agent definition

Canadian Facility Agent shall have the meaning therefor set forth in the introduction hereto.

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Canadian Facility Agent means Citibank N.A., Canadian Branch in its capacity as facility sub-agent for the Lenders hereunder.

Canadian Facility Agent means GE Canada Finance Holding Company as agent under the Canadian Facility Loan Documents and any successor in such capacity appointed pursuant to subsection 9.1(G) under the Canadian Facility Credit Agreement.

Examples of Canadian Facility Agent in a sentence

Upon receipt of such notice, the Canadian Facility Agent shall confirm the aggregate outstanding principal amount of all Canadian Swing Line Loans at such time with the Canadian Swing Line Lender.
The Canadian Facility Agent shall give prompt telephonic notice to the applicable Authorized Representative and each of the Canadian Facility Lenders (confirmed in writing) if any payment is non-conforming.
If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, then such retiring Agent may, on behalf of the Lenders, appoint a successor Agent, which shall be (i) a bank with an office in London, or an Affiliate of any such bank, for the successor Facility Agent, and (ii) a bank with an office in Toronto, or an Affiliate of any such bank, for the successor Canadian Facility Agent.
Any such payment shall not be deemed to be received by the Canadian Facility Agent until the later of (x) the time such funds become available funds and (y) the next Business Day.
Upon the acceptance of its appointment as Facility Agent or Canadian Facility Agent hereunder by a successor, as the case may be, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and such retiring Agent shall be discharged from its duties and obligations hereunder.
The Facility Agent, the Canadian Facility Agent, any Borrower or the Company may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.
The Canadian Borrower hereby unconditionally promises to pay on the Maturity Date, to the Canadian Facility Agent for the account of each applicable Lender, the face amount of each B/A, if any, accepted by such Lender as provided in Section 2.04.
The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of (i) the Facility Agent and any such sub-agent and (ii) the Canadian Facility Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Facility Agent and Canadian Facility Agent, respectively.
The Canadian Facility Agent may, but shall not be obligated to, debit the amount of any such payment which is not made by such time to any ordinary deposit account, if any, of the Canadian Facility Borrower with the Canadian Facility Agent.
The applicable Canadian Alternate Base Rate, if any, shall be determined by the Canadian Facility Agent and the applicable Adjusted LIBO Rate, if any, shall be determined by the Facility Agent, and such determination shall be conclusive absent manifest error.

More Definitions of Canadian Facility Agent

Canadian Facility Agent means Scotiabank when acting in its capacity as facility agent in respect of Advances to and payments or repayments by Celestica or any Canadian Designated Subsidiary;

Canadian Facility Agent means Scotiabank in its capacity as Canadian administrative agent under any of the Loan Documents, or any successor Canadian administrative agent.

Canadian Facility Agent means any such successor Canadian agent and Canadian Swing Line Lender, and the retiring Canadian Facility Agent’s appointment, powers and duties as Canadian Facility Agent and the retiring Canadian Swing Line Lender’s rights, powers and duties as such shall be terminated, without any other or further act or deed on the part of any other Lender or the Canadian Swing Line Lender; and (iii) the respective terms “Administrative Agent,” “L/C Issuer” and “U.S. Swing Line Lender” shall mean any such successor administrative agent, Letter of Credit issuer and U.S. Swing Line lender, and the retiring Administrative Agent’s appointment, powers and duties as Administrative Agent shall be terminated and the retiring L/C Issuer’s and U.S. Swing Line Lender’s rights, powers and duties as such shall be terminated, without any other or further act or deed on the part of such retiring L/C Issuer or U.S. Swing Line Lender or any other Lender, other than the obligation of the successor L/C Issuer to issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or to make other arrangements satisfactory to the retiring L/C Issuer to effectively assume the obligations of the retiring L/C Issuer with respect to such Letters of Credit. After any retiring Agent’s resignation hereunder as Agent, the provisions of this Article IX and Sections 10.04 and 10.05 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement. If no successor administrative agent has accepted appointment as Administrative Agent by the date which is 30 days following a retiring Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above; and if no successor Canadian agent has accepted appointment as Canadian Facility Agent by the date which is 30 days following a retiring Canadian Facility Agent’s notice of resignation, the retiring Canadian Facility Agent’s resignation shall nevertheless thereupon become effective and the Tranche 2 Lenders shall perform all of the duties of the Canadian Facility Agent hereunder until such time, if any, as the Required Tranche 2 Lenders appoint a successor agent as provided for above. Notwithstanding t...

Canadian Facility Agent as used in the definition of “Agent-Related Person” included such additional Persons with respect to such acts or omissions.