Canadian Letter of Credit Commitment definition

Canadian Letter of Credit Commitment means $10,000,000, as the same may be reduced from time to time pursuant to Section 3.1.

Canadian Letter of Credit Commitment means, with respect to each Canadian Issuing Bank, the commitment of such Canadian Issuing Bank to issue Canadian Letters of Credit pursuant to Section 2.05. As of the Amendment and Restatement Effective Date, the amount of each Canadian Issuing Bank’s Canadian Letter of Credit Commitment is set forth on Schedule 2.01.

Canadian Letter of Credit Commitment means the Issuer’s obligation to issue Canadian Letters of Credit pursuant to Section 2.1.2.

Examples of Canadian Letter of Credit Commitment in a sentence

• Any such notice may also include the request to increase the US Letter of Credit Commitment with a corresponding reduction of the Canadian Letter of Credit Commitment or to increase the Canadian Letter of Credit Commitment with a corresponding reduction of the US Letter of Credit Commitment.

• In the case of a Lender in respect of a Canadian Revolving Credit Commitment or a Canadian Letter of Credit Commitment, the Register shall also record the address of the lending office of the Lender through which such Lender acts under this Agreement.

• CIBC agrees, subject to the terms and conditions of this Agreement, to maintain the Existing Canadian Letters of Credit as Canadian Letters of Credit hereunder and, upon request of TD Canada, to issue from time to time for the account of the TD Canada Canadian Letters of Credit upon delivery to CIBC of a Letter of Credit Application in form and content acceptable to CIBC; provided, that the Canadian Letter of Credit Outstandings hereunder shall not exceed the Canadian Letter of Credit Commitment.

• Within the limits of the Canadian Letter of Credit Commitment, and subject to the limits referred to above, the Canadian Borrower may request the issuance of Canadian Letters of Credit under this Section 2.1(e)(ii), repay any Canadian Letter of Credit Loans resulting from drawings thereunder pursuant to Section 2.2(j) and request the issuance of additional Canadian Letters of Credit under this Section 2.1(e)(ii).

• The letters of credit listed in Schedule VI shall be deemed to be Canadian Letters of Credit Outstandings under the Canadian Letter of Credit Commitment.

More Definitions of Canadian Letter of Credit Commitment

Canadian Letter of Credit Commitment means, with respect to each Issuing Bank, the obligation of such Issuing Bank to issue Canadian Letters of Credit for the account of the Canadian Borrower and its specified Subsidiaries in (a) as of the Restatement Date, the Dollar amount set forth opposite the Issuing Bank’s name on Schedule I hereto under the caption “Canadian Letter of Credit Commitment Sublimit” or (b) if such Issuing Bank has entered into or becomes an Issuing Bank pursuant to one or more Assignment and Acceptances, the Canadian Dollar amount set forth for such Issuing Bank in the Register maintained by the Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Canadian Letter of Credit Commitment”, in each case as such amount may be reduced pursuant to Section 2.06 or increased pursuant to Section 2.19.

Canadian Letter of Credit Commitment means the commitment of the Fronting Bank, on behalf of the Canadian Banks, to issue Letters of Credit in an aggregate outstanding face amount which shall never exceed the CAD Equivalent (at any time of determination) of One Million Dollars ($1,000,000), during the Commitment Period, on the terms and conditions set forth in subsection 3(b) of Section 2.1A hereof.

Canadian Letter of Credit Commitment means the commitment of each Canadian L/C Issuer to issue Letters of Credit under the Canadian Revolving Credit Facility, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Canadian Letter of Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

Canadian Letter of Credit Commitment means an amount not to exceed Cdn $25,000,000; "Canadian Letter of Credit Facility" means the facility described in Article III hereof providing for the issuance by CIBC for the account of TD Canada of Canadian Letters of Credit in an aggregate stated amount at any time outstanding not exceeding the Canadian Letter of Credit Commitment;

Canadian Letter of Credit Commitment means, with respect to the Canadian Issuing Bank, an initial amount equal to Cdn $ Equivalent of $5,000,000 or, if the Canadian Issuing Bank has entered into one or more Assignment and Acceptances, set forth for the Canadian Issuing Bank in the Register maintained by the Canadian Administrative Agent pursuant to Section 12.5(c) as the Canadian Issuing Bank's "Canadian Letter of Credit Commitment", as such amount may be reduced from time to time pursuant to Sections 2.7 and 2.8.

Canadian Letter of Credit Commitment means, with respect to any Canadian Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 8.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.06.

Canadian Letter of Credit Commitment means an amount not to exceed Cdn $15,000,000;