Canadian Issuing Lender definition

Canadian Issuing Lender means Xxxxx Fargo Canada or any other Lender that, at the request of a Canadian Borrower and with the consent of Canadian Agent, agrees, in such Lender’s sole discretion, to become a Canadian Issuing Lender for the purpose of issuing Canadian Letters of Credit or Canadian Reimbursement Undertakings pursuant to Section 2.11 of the Agreement and the Canadian Issuing Lender shall be a Canadian Lender.

Canadian Issuing Lender means HSBC, in its capacity as the Canadian Lender that issues Canadian Letters of Credit pursuant to the terms of this Agreement.

Canadian Issuing Lender means CIBC, National Bank of Canada and any other Canadian Lenders approved by each of the Canadian Borrower and the Agent, and any successor Lender, in its capacity as such.

Examples of Canadian Issuing Lender in a sentence

• If any draft shall be presented for payment (a) under any U.S. Letter of Credit, the applicable U.S. Issuing Lender shall promptly notify the U.S. Borrower of the date and amount thereof and (b) under any Canadian Letter of Credit, the applicable Canadian Issuing Lender shall promptly notify the Canadian Borrower and the U.S. Borrower of the date and amount thereof.

• Notwithstanding anything in this Agreement to the contrary, it shall be within the sole determination of the Canadian Issuing Lender or the US Issuing Lender, as applicable, as to whether it is agreeable to issue any new Letters of Credit or extend or renew any expiring Letters of Credit.

• Each Canadian Issuing Lender shall promptly furnish to the Administrative Agent, which the Administrative Agent shall in turn promptly furnish to the Canadian Revolving Lenders, notice of the issuance of each Canadian Letter of Credit by it (including the amount thereof).

• The obligation of each Canadian Lender to so reimburse the Canadian Issuing Lender shall be absolute and unconditional and shall not be affected by the occurrence of a Default, an Event of Default or any other occurrence or event.

• Each such payment shall be made to the Canadian Issuing Lender at its address for notices specified herein in Canadian Dollars or Dollars, as applicable (as determined in accordance with the currency of such Canadian Letter of Credit), and in immediately available funds.

More Definitions of Canadian Issuing Lender

Canadian Issuing Lender. JPMorgan Chase Bank, N.A., UBS AG, Stamford Branch and any other Canadian Revolving Lender from time to time designated by the Canadian Borrower or the U.S. Borrower as a Canadian Issuing Lender with the consent of such Canadian Revolving Lender and the Administrative Agent; provided, that UBS AG, Stamford Branch shall only be a Canadian Issuing Lender with respect to standby Canadian Letters of Credit (and not, for the avoidance of doubt, documentary Canadian Letters of Credit).

Canadian Issuing Lender any Canadian Revolving Credit Lender selected by the Canadian Borrower, with the consent of such Lender and the Administrative Agents, to issue Canadian Letters of Credit.

Canadian Issuing Lender. Royal Bank of Canada, or any other Canadian Revolving Lender from time to time designated by the Canadian Borrower as the Canadian Issuing Lender with the consent of such Canadian Revolving Lender and the Canadian Administrative Agent.

Canadian Issuing Lender means Comerica Canada in its capacity as issuer of one or more Canadian Letters of Credit hereunder, or another Canadian Lender designated as its successor by the Canadian Borrowers and the Canadian Revolving Credit Lenders.

Canadian Issuing Lender. CIBC, in its capacity as issuer of any Canadian Letter of Credit.

Canadian Issuing Lender means CIBC or any other Canadian Lender approved by each of the Canadian Borrower and the Agent, and any successor Lender, in its capacity as such.

Canadian Issuing Lender. JPMorgan Chase Bank, N.A. or any other Canadian Revolving Lender from time to time designated by the Canadian Borrower or the U.S. Borrower as the Canadian Issuing Lender with the consent of such Canadian Revolving Lender and the Administrative Agent.