Canadian Lender definition

Canadian Lender. Export Development Canada, a corporation established pursuant to the laws of Canada, and its successors and assigns.

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Canadian Lender means each Lender that has a Canadian Commitment or, if applicable, the Canadian Lending Installation of any Lender that has a Canadian Commitment; provided, however, that (i) if a Canadian Commitment is being provided by a Canadian Lending Installation of any Lender, then, except as specifically set forth in this Agreement, such Lender and its Canadian Lending Installation shall constitute a single “Lender” under this Agreement and the other Loan Documents, provided further that, notwithstanding the foregoing, to the extent a Canadian Commitment is being provided by a Canadian Lending Installation of any Lender, each such Canadian Lending Installation shall be entitled to all of the benefits, indemnifications and protections set forth in this Agreement or any other Loan Document, including, but not limited to, those set forth in Article III, Section 11.01 and Section 11.02, and (ii) no Lender, and no Canadian Lending Installation of any Lender, may be or become a Canadian Lender hereunder unless such Lender or the Canadian Lending Installation of such Lender, as the case may be, is (x) a resident of Canada within the meaning of the Income Tax Act (Canada) for the purposes of the withholding tax provisions in Part XIII of the Income Tax Act (Canada) or (y) an “authorized foreign bank” as defined in Section 2 of the Bank Act (Canada), or (z) is a Person whose lending activities are not regulated by the Bank Act (Canada).

Canadian Lender means any Lender which has a Canadian Commitment.

Examples of Canadian Lender in a sentence

• Promptly after receiving any such notice, Agent shall notify each Canadian Lender thereof.

• Each Canadian Lender further agrees to retain such records in the manner and for the statutory periods provided in the various provincial or federal statutes and regulations which apply to such Canadian Lender.

• Each Canadian Lender is hereby authorized to issue such B/As endorsed in blank in such face amounts as may be determined by such Canadian Lender; provided that the aggregate amount thereof is equal to the aggregate amount of B/As required to be accepted and purchased by such Canadian Lender.

• Each Canadian Lender further agrees to retain such records in the manner and for the statutory periods provided in the various Canadian provincial or federal statutes and regulations which apply to such Canadian Lender.

• Upon request by a Canadian Lender, Canadian Issuing Bank shall furnish copies of any Letters of Credit and LC Documents in its possession at such time.

More Definitions of Canadian Lender

Canadian Lender means a Lender that has a Canadian Revolving Credit Commitment. For the avoidance of doubt, unless the Agent shall otherwise approve, each Canadian Lender shall be (a) a Canadian Resident, or (b) if it is not a Canadian Resident, it is also not a foreign bank for purposes of the Bank Act (Canada).

Canadian Lender means Congress Financial Corporation (Canada), an Ontario corporation, and its successors and assigns.

Canadian Lender means a Lender with a Canadian Revolving Credit Commitment.

Canadian Lender means any "Lender" as defined in the Canadian Credit Agreement.

Canadian Lender means any Lender which, whether directly or through an Affiliate of such Lender, can make Canadian Advances hereunder free of withholding taxes of Canada and that is designated to the Agent and the Company as a Canadian Lender.

Canadian Lender means each Lender which has a Canadian Commitment or which has extended a Canadian Loan.

Canadian Lender as defined in Schedule 1.7.