Canadian Taxable Lender definition

Canadian Taxable Lender has the meaning assigned to that term in Section 4.8.
Sample 1Sample 2Sample 3
Canadian Taxable Lender means a business organization under the laws of any applicable jurisdiction which is permitted under Canadian law to lend money in Canada, and is either (a) resident in Canada for the purposes of the Income Tax Act (Canada) (the “ITA”) or
Sample 1Sample 2
Canadian Taxable Lender means an authorized foreign bank for the purposes of the Bank Act (Canada) for which the Obligations owed to it are in respect of its Canadian banking business as defined in subsection 248(1) of the Income Tax Act (Canada), and which is accordingly deemed resident in Canada pursuant to subsection 212(13.3) of the Income Tax Act (Canada) for purposes of Part XIII of the Income Tax Act (Canada) and in particular withholding tax on the Obligations owed to it.
Sample 1

Examples of Canadian Taxable Lender in a sentence

  • Each Canadian Revolving Lender agrees that it shall promptly advise Canadian Administrative Agent and Canadian Borrower in writing if it ceases to be a Canadian Taxable Lender.


More Definitions of Canadian Taxable Lender

Canadian Taxable Lender means a business organization under the laws of any applicable jurisdiction which is permitted under Canadian law to lend money in Canada, and is either (a) resident in Canada for the purposes of the Income Tax Act (Canada) (the "ITA") or (b) an authorized foreign bank for the purposes of the Bank Act (Canada) for which the Canadian Obligations are in respect of its Canadian banking business as defined in subsection 248(I) of the ITA, and which is accordingly deemed resident in Canada pursuant to subsection 212(13.3) of the ITA for purposes of withholding tax on the Canadian Obligations.
Sample 1

Related to Canadian Taxable Lender

  • Applicable Lender has the meaning assigned to such term in Section 2.06(d).

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Eligible Lender an entity that is a “Bank” (as defined in the 0000 Xxx) and is not otherwise prohibited by Section 17 of the 1940 Act from lending to the Borrower.

  • Canadian Taxes has the meaning specified in Section 11.05.

  • Applicable Lenders means the Required Lenders, all affected Lenders, or all Lenders, as the context may require.

  • Eligible Lender Trustee shall also mean each successor Eligible Lender Trustee as of the qualification of such successor as Eligible Lender Trustee under the Trust Agreement.

  • Canadian Tax Act means the Income Tax Act (Canada), as amended.

  • Funding Borrower shall have the meaning set forth in Section 20.12 hereof.

  • Interim Eligible Lender Trustee shall also mean each successor Interim Eligible Lender Trustee as of the qualification of such Interim Eligible Lender Trustee under the Interim Trust Agreement.

  • U.S. Lender Party means each of Agent, each Lender, each L/C Issuer, each SPV and each participant, in each case that is a United States person as defined in Section 7701(a)(30) of the Code.

  • Canadian Agent means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as Canadian agent for the Lenders hereunder, or any successor Canadian agent.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.

  • Canadian Taxpayer means a Participant that is resident of Canada for purposes of the Tax Act;

  • Canadian Lender means any Lender that (a) is a Canadian chartered bank lending and receiving payment through Canadian offices and (b) has a Canadian Commitment.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Lenders hereunder.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • U.S. Lender means any Lender that is a “United States person” as defined in Section 7701(a)(30) of the Code.

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • Treaty Lender means a Lender which:

  • Foreign Loan Party means any Loan Party that is not a Domestic Loan Party.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States and that is not a CFC.

  • Fronting Bank means each Lender identified as a “Fronting Bank” on Schedule II and any other Lender (in each case, acting directly or through an Affiliate) that delivers an instrument in form and substance satisfactory to the Borrowers and the Administrative Agent whereby such other Lender (or its Affiliate) agrees to act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated Amount of Letters of Credit that such other Lender (or its Affiliates) will agree to issue hereunder.

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial