Existing Canadian Letters of Credit definition

Existing Canadian Letters of Credit means the letters of credit described by date of issuance, letter of credit number, undrawn amount, name of beneficiary and date of expiry on Schedule 1.1B hereto.

Existing Canadian Letters of Credit means the letters of credit listed on Schedule 2.06 hereto.

Existing Canadian Letters of Credit means the letters of credit issued by the Canadian Issuing Lender under the Restated Agreement and which have not been terminated or expired and returned to the Canadian Issuing Lender as of the Effective Date.

Examples of Existing Canadian Letters of Credit in a sentence

• All Existing Canadian Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.

• The Canadian Issuing Lender, the Canadian Lenders and the Canadian Borrower agree that effective as of the Effective Date, the Existing Canadian Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, this Agreement.

• Existing Letters of Credit: Existing Australian Letters of Credit, Existing Belgian Letters of Credit, Existing Canadian Letters of Credit, Existing Dutch Letters of Credit, Existing Norwegian Letters of Credit, Existing UK Letters of Credit and/or Existing U.S. Letters of Credit, as the context may require.

• Issuing Bank: Bank of America or any Affiliate of Bank of America, Société Générale (with respect to the Existing Canadian Letters of Credit and Existing U.S. Letters of Credit), any other Lender reasonably acceptable to the Lead Borrower and the Agent (such consent not to be unreasonably withheld or delayed by either party) who agrees to issue Letters of Credit, or any replacement issuer appointed pursuant to Section 2.2.5.

• On the date of this Agreement, the Existing Canadian Letters of Credit will become Canadian Letters of Credit hereunder and the Existing Norwegian Letters of Credit will become Norwegian Letters of Credit hereunder and all provisions of this Section 2.3 and this Agreement shall apply to the Existing Canadian Letters of Credit and Existing Norwegian Letters of Credit as if they had been issued hereunder.

More Definitions of Existing Canadian Letters of Credit

Existing Canadian Letters of Credit means collectively those outstanding letters of credit issued by the Canadian Issuing Bank for the account of any Loan Party as set forth in Schedule 3.5. Such letters of credit shall be deemed issued under the Canadian Revolving Commitments pursuant to Section 3.5 as of the Closing Date.

Existing Canadian Letters of Credit means the letters of credit listed on Schedule 2.06 hereto, which letters of credit have been issued by an Issuing Bank or any Lender for the purpose of providing capital support to the Canadian Borrowers. For avoidance of doubt, effective upon the EECOL Acquisition Closing Date and the compliance by the Loan Parties with the terms and provisions of Section 5.13(g), the letters of credit issued by The Bank of Nova Scotia for the account of certain of the EECOL Acquired Entities and listed on the updated Schedule 2.06 attached to the Omnibus Joinder Agreement shall constitute “Existing Canadian Letters of Credit”.

Existing Canadian Letters of Credit means the issued and undrawn letters of credit existing on the date of this Agreement issued by The Bank of Nova Scotia under the Existing Credit Facility on behalf of Canadian Borrowers and listed on Exhibit O attached hereto.

Existing Canadian Letters of Credit means standby and commercial letters of credit outstanding under the Prior Facilities as of the Closing Date, more particularly described on Schedule 1.2;

Existing Canadian Letters of Credit the irrevocable letters of credit existing on the Closing Date and issued by CIBC for the account of the U.S. Borrower, as more particularly described in Schedule 1.3D hereof.

Existing Canadian Letters of Credit means the Letters of Credit listed in Schedule 3.04, which were issued under the Existing Canadian Credit Agreement.

Existing Canadian Letters of Credit. “Existing Domestic Revolving Loans”, “Existing Domestic Letters of Credit”, “Existing Domestic Term Loans” and “Existing Domestic Term Loan Lenders” shall have the meanings provided in the Preliminary Statements.