Canadian Fronting Lender definition

Canadian Fronting Lender means The Bank of Nova Scotia and/or such other Canadian Revolving Syndicated Facility Lender which is designated by the Canadian Borrower, acceptable to the Agent (acting reasonably) and agrees in writing with the Canadian Borrower and the Agent to become a Canadian Fronting Lender hereunder.

Canadian Fronting Lender means the Canadian Bank, in its capacity as fronting lender under the Canadian Revolving Facility, together with its successors and assigns in such capacity.

Canadian Fronting Lender. The Bank of Nova Scotia or such other Lender acceptable to the Borrower and the Administrative Agent as may be designated from time to time, in its capacity as the lender of C$ Loans hereunder.

Examples of Canadian Fronting Lender in a sentence

• The Canadian Fronting Lender will make the amount of each such borrowing available for the account of the Canadian Borrower at the Canadian Lending Office prior to 11:00 A.M., Winnipeg time, on the Borrowing Date (Canada) requested by the Canadian Borrower in funds immediately available by crediting the account of the Canadian Borrower on the books of the Canadian Lending Office with the aggregate amount of such borrowing.

• Any C$ Loans made by the Canadian Fronting Lender which are outstanding on such effective date shall be due and payable on such effective date.

• Not later than 2:00 P.M., Winnipeg time, on such Borrowing Date (Canada), the Canadian Fronting Lender shall make such BA Discount Proceeds available to the Canadian Borrower in funds immediately available by crediting the account of the Canadian Borrower on the books of the Canadian Lending Office.

• Xxxxxxxx Xxxxxx Telecopy: (000) 000-0000 With a copy to: JPMorgan Chase Bank 000 Xxxx Xxxxxx, 0xx xxxxx Xxx Xxxx, Xxx Xxxx 00000 Attention: Xxxx Xxxxxx Telecopy: (000) 000-0000 The Canadian Fronting Lender: The Bank of Nova Scotia Winnipeg Commercial Banking Centre 000 Xxxxxxx Xxx.

• The Canadian Borrower shall notify the Canadian Fronting Lender by irrevocable written or telephonic notice (in the case of telephonic notice, to be promptly confirmed in writing, and in either case, with a copy to the Administrative Agent) by 12:00 noon, Winnipeg time, two Business Days (Canada) prior to the date of the relevant borrowing in respect of any borrowing by way of Bankers’ Acceptances.

• Neither the Administrative Agent nor the Canadian Fronting Lender shall be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, any Credit Document, or to inspect the properties, books or records of any Credit Party.

• To facilitate the acceptance of Bankers’ Acceptances under this Agreement, the Canadian Borrower shall, from time to time as required, provide to the Canadian Fronting Lender Drafts duly executed and endorsed in blank by the Canadian Borrower in quantities sufficient for the Canadian Fronting Lender to fulfill its obligations hereunder.

• The Acceptance Fee payable by the Canadian Borrower to the Canadian Fronting Lender under subsection 4.3(e) in respect of each Bankers’ Acceptance accepted and purchased by the Canadian Fronting Lender from the Canadian Borrower shall be set off against the BA Discount Proceeds payable by the Canadian Fronting Lender under this subsection 4.3(b)(8).

• Each Draft to be accepted by the Canadian Fronting Lender shall be accepted at the Canadian Lending Office.

• The Canadian Fronting Lender may at any time and from time to time hold, sell, rediscount or otherwise dispose of any or all Bankers’ Acceptances accepted and purchased by it.

More Definitions of Canadian Fronting Lender

Canadian Fronting Lender means Bank of America, N.A. (Canadian branch), in its capacity as Canadian fronting lender under any of the Loan Documents, or any successor Canadian fronting lender.