Canadian Letters of Credit definition

Canadian Letters of Credit as defined in Section 3.7(c).

Canadian Letters of Credit has the meaning specified in Section 2.2(f).

Canadian Letters of Credit means all Letters of Credit issued for the account of a Canadian Borrower.

Examples of Canadian Letters of Credit in a sentence

• Canadian Loans and participations in Canadian Swingline Loans and Canadian Letters of Credit will be funded by each Canadian Lender pro rata in accordance with its Applicable Percentage of the Canadian Commitments.

• If any amount remains on deposit as Cash Collateral after all Canadian Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Canadian Liabilities, if any, in the order set forth above.

• Within the foregoing limits, and subject to the terms and conditions hereof, the Canadian Borrower’s ability to obtain Canadian Letters of Credit shall be fully revolving, and accordingly the Canadian Borrower may, during the foregoing period, obtain Canadian Letters of Credit to replace Canadian Letters of Credit that have expired or that have been drawn upon and reimbursed.

• Within the foregoing limits, and subject to the terms and conditions hereof, each Canadian Borrower’s ability to obtain Canadian Letters of Credit shall be fully revolving, and accordingly each Canadian Borrower may, during the foregoing period, obtain Canadian Letters of Credit to replace Canadian Letters of Credit that have expired or that have been drawn upon and reimbursed.

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

More Definitions of Canadian Letters of Credit

Canadian Letters of Credit shall have the meaning assigned to such term in subsection 2.8 hereof.

Canadian Letters of Credit means the collective reference to letters of credit denominated in Canadian Dollars pursuant to Section 3.1 (including any applicable Existing Letters of Credit). Notwithstanding anything to the contrary contained herein, a letter of credit issued by any Issuing Lender (other than Wells Fargo at any time it is also acting as Administrative Agent) shall not be a “Canadian Letter of Credit” for purposes of the Loan Documents until such time as the Administrative Agent has been notified in writing of the issuance thereof by the applicable Issuing Lender.

Canadian Letters of Credit means the collective reference to letters of credit denominated in Canadian Dollars pursuant to Section 3.1 (including any applicable Existing Letters of Credit). Notwithstanding anything to the contrary contained herein, a letter of credit issued by any Issuing Lender (other than Xxxxx Fargo at any time it is also acting as Administrative Agent) shall not be a “Canadian Letter of Credit” for purposes of the Loan Documents until such time as the Administrative Agent has been notified in writing of the issuance thereof by the applicable Issuing Lender.

Canadian Letters of Credit means Standby Letters of Credit issued, or deemed issued, by the applicable Issuing Lender for the account of Canadian Borrower pursuant to subsection 2.7.

Canadian Letters of Credit means the letters of credit issued pursuant to Section 2.25.

Canadian Letters of Credit means standby or documentary letters of credit issued by Canadian Issuer for the account of the Canadian Company.

Canadian Letters of Credit means any standby letters of credit issued by Canadian Issuing Lender at the request of or for the account of the Canadian Borrowers pursuant to Article 3 hereof.