Canadian Letter of Credit definition

Canadian Letter of Credit means a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.
Canadian Letter of Credit means any letter of credit issued hereunder by a Canadian L/C Issuer as the same may be amended, extended, renewed or otherwise modified from time to time. A Canadian Letter of Credit may be a commercial letter of credit or a standby letter of credit.
Canadian Letter of Credit means each Letter of Credit issued hereunder for the account of the Canadian Borrower.

Examples of Canadian Letter of Credit in a sentence

  • The Parent or the Canadian Borrower, as applicable, shall promptly examine a copy of each Domestic Letter of Credit or each Canadian Letter of Credit, as applicable, and each amendment thereto that is delivered to such Person and, in the event of any claim of noncompliance with the Parent’s or the Canadian Borrower’s, as applicable, instructions or other irregularity, the Parent or the Canadian Borrower, as applicable, will promptly notify the L/C Issuer.


More Definitions of Canadian Letter of Credit

Canadian Letter of Credit means documentary or standby letters of credit issued for the account of the Canadian Borrower by Canadian L/C Issuers, and bankers’ acceptances issued by Canadian Borrower, for which Canadian Agent and Lenders have incurred Canadian Letter of Credit Obligations.
Canadian Letter of Credit has the meaning assigned to such term in Section 2.05(a)(i)(B)
Canadian Letter of Credit shall have the meaning provided in Section 3.01(a).
Canadian Letter of Credit is defined in clause (a) of Section 2.1.2.
Canadian Letter of Credit means any Letter of Credit or similar instrument (including a bank guarantee) acceptable to the applicable Issuing Bank issued hereunder for the purpose of providing credit support for the Canadian Borrower.
Canadian Letter of Credit means any Letter of Credit issued hereunder for the purpose of providing credit support for the Canadian Borrowers or any Canadian Subsidiary.
Canadian Letter of Credit means any letters of credit issued or to be issued by the Canadian Issuing Bank under the Canadian Subfacility requested by a Canadian Borrower, if any, pursuant to Section 2.13.