Relevant Canadian Governmental Body definition

Relevant Canadian Governmental Body means the Bank of Canada, or a committee officially endorsed or convened by the Bank of Canada, or any successor thereto.
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Relevant Canadian Governmental Body means the Federal Reserve Board or the Federal Reserve Bank of New YorkCanada, or a committee officially endorsed or convened by the Federal Reserve Board or the Federal Reserve Bank of New YorkCanada, or any successor thereto.
Sample 1
Relevant Canadian Governmental Body means the Bank of Canada, or a committee officially endorsed or convened by the Bank of Canada, or any successor thereto. “Relevant Rate” means with respect to any Loan denominated in (a) Euros, EURIBOR (or any Alternative Currency Successor Rate established in connection therewith) and (b) Xxxxxxxx, XXXXX (or any Alternative Currency Successor Rate established in connection therewith). “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the applicable notice period has been waived. “Request for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Revolving Loans, a Loan Notice and (b) with respect to a Swing Line Loan, a Swing Line Loan Notice. “Required Lenders” means, at any time, Lenders having Total Credit Exposures representing more than 50% of the Total Credit Exposures of all Lenders. The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any time; provided that the amount of any participation in any Swing Line Loan that such Defaulting Lender has failed to fund that has not been reallocated to and funded by another Lender shall be deemed to be held by the applicable Swing Line Lender in making such determination. “Rescindable Amount” has the meaning specified in Section 2.12(b)(ii). “Resignation Effective Date” has the meaning specified in Section 9.06. “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. “Responsible Officer” means the chief executive officer, president, vice president, chief financial officer, treasurer, assistant treasurer, chief accounting officer, general counsel, general partner or controller of the applicable Borrower, and, solely for purposes of the delivery of incumbency certificates, the secretary or any assistant secretary of such Xxxxxxxx and, solely for purposes of notices given pursuant to Article II, any other officer or employee of such Borrower so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of such Borrower designated in or pursuant to an agreement between such Borrower and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of the applicable Borrower shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part...
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Examples of Relevant Canadian Governmental Body in a sentence

  • The Borrowers and the Lenders agree to amend the credit spread adjustment provided for in the definition of “Canadian Benchmark Replacement” from time to time to give effect to any evolving or then‐prevailing market convention with respect to the applicable credit spread adjustment for Term XXXXX or Daily Compounded XXXXX, including any applicable recommendations made by the Relevant Canadian Governmental Body, for Canadian Dollar‐denominated syndicated credit facilities at such time.

  • The Borrowers and the Lender agree to amend the credit spread adjustment provided for in the definition of “Canadian Benchmark Replacement” from time to time to give effect to any evolving or then‐prevailing market convention with respect to the applicable credit spread adjustment for Term XXXXX or Daily Compounded XXXXX, including any applicable recommendations made by the Relevant Canadian Governmental Body, for Canadian dollar‐denominated syndicated credit facilities at such time.


More Definitions of Relevant Canadian Governmental Body

Relevant Canadian Governmental Body means the Bank of Canada, or a committee officially endorsed or convened by the Bank of Canada, or any successor thereto. “Term XXXXX” means, for the applicable corresponding tenor, the forward‐looking term rate based on XXXXX that has been selected or recommended by the Relevant Canadian Governmental Body, and that is published by an authorized benchmark administrator and is displayed on a screen or other information service, as identified or selected by the Lender in its reasonable discretion at approximately a time and as of a
Sample 1
Relevant Canadian Governmental Body means (a) with respect to Loans denominated in Dollars, the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor thereto, (b) with respect to Loans denominated in Sterling, the Bank of EnglandCanada, or a committee officially endorsed or convened by the Bank of EnglandCanada, or, in each case, any successor thereto, (c) with respect to Loans denominated in Euros, the European Central Bank, or a committee officially endorsed or convened by the European Central Bank or, in each case, any successor thereto, and (d) with respect to Loans denominated in any other Agreed Currency, (i) the central bank for the currency in which such Loan is denominated or any central bank or other supervisor which is responsible for supervising either (A) such Successor Rate or (B) the administrator of such Successor Rate or (ii) any working group or committee officially endorsed or convened by (A) the central bank for the currency in which such Successor Rate is denominated, (B) any central bank or other supervisor that is responsible for supervising either (1) such Successor Rate or (2) the administrator of such Successor Rate, (C) a group of those central banks or other supervisors or (D) the Financial Stability Board or any part thereof..
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Relevant Canadian Governmental Body means the Bank of Canada, or a committee officially endorsed or convened by the Bank of Canada, or any successor thereto. (201) (184) “Required Lenders” means: (a) if 3 or less Lenders exist, all Lenders (other than Defaulting Lenders and the Lender(s) that have requested the issuance of an Exit Notice); or (b) if more than 3 Lenders exist, the Lenders (other than Defaulting Lenders and the Lender(s) that have requested the issuance of an Exit Notice) from whom, in the aggregate, hold at least 66 2/3% of the Loans that have been made or are available to the Borrowers. - 37 - CREDIT AGREEMENT (202) (185) “Responsible Officer” means the chief financial officer, chief executive officer or other senior officer acceptable the Administrative Agent of a General Partner, for and on behalf of its applicable Xxxxxxxx, that has the capacity to bind such General Partner and the applicable Borrower. (203) (186) “Revolving Borrowers” means, collectively, the Persons listed on Schedule 1.1(186)203) and each other Revolving Borrower that may be added from time to time pursuant to a Joinder Agreement, and their successors and permitted assigns, and “Revolving Borrower” means any one of them. (204) (187) “Revolving Borrowing Base” means, with respect to Revolving Borrowers, as of any date of determination: (a) an amount equal to the sum of the following (without duplication): (i) the Non-Formula Amount, (ii) 100% of Contracts in Transit owing to Revolving Borrower in which Administrative Agent has a perfected first priority Lien, which have not remained unpaid for more than fifteen (15) days; (iii) 80% of Eligible Parts and Service Accounts Receivable; (iv) 65% of the (i) the net book value of Eligible Parts and Accessories Inventory, minus (ii) the unpaid acquisition cost owed to sellers and financiers of such inventory; (v) 75% of the most recent appraised value of Eligible Real Property; (vi) 100% of the sum of invoices from OEMs (including freight, advertising and holdbacks) for Eligible New Vehicles; (vii) 100% of the amount of the Used Vehicle Flooring Borrowing Base; and (viii) 40% of (x) the net book value of Eligible Equipment, minus (ii) the principal amount of indebtedness or obligations of any Person (other than the Obligations) which is secured by such Eligible Equipment. (b) Minus, the sum of the then outstanding aggregate principal balance of the following: (i) (iA) Wholesale Flooring Loans, plus (iiB) Wholesale Flooring Swing Line Loans, (iii) minus (C) the ...
Sample 1
Relevant Canadian Governmental Body means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New YorkCanada, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New YorkCanada, or any successor thereto. “SOFR” means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business Day. “SOFR Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate). “SOFR Administrator’s Website” means the website of the Federal Reserve Bank of New York, currently at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time. “Term SOFRCORRA” means, for the applicable Ccorresponding Ttenor as of the applicable Reference Time, the forward-looking term rate based on SOFRCORRA that has been selected or recommended by the Relevant Canadian Governmental Body., and that is published by an authorized benchmark administrator and is displayed on a screen or other information service, as identified or selected by the Canadian Administrative Agent in its reasonable discretion at approximately a time and as of a date prior to the commencement of an Interest Period determined by the Canadian Administrative Agent in its reasonable discretion in a manner substantially consistent with market practice. “Term SOFRCORRA Notice” means athe notification by the Canadian Administrative Agent to the Canadian Lenders and the Parent Borrowers of the occurrence of a Term SOFRCORRA Transition Event. “Term XXXXX Transition Date” means, in the case of a Term XXXXX Transition Event, the date that is set forth in the Term XXXXX Notice provided to the Canadian Lenders and the Parent Borrower, for the replacement of the then-current Canadian Benchmark with the Canadian Benchmark Replacement described in clause 1(a) of such definition, which date shall be at least thirty (30) Business Days from the date of the Term XXXXX Notice. “Term SOFRCORRA Transition Event” means the determination by the Canadian Administrative Agent that (a) Term SOFRCORRA has been recommended for use by the
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Related to Relevant Canadian Governmental Body

  • Relevant Governmental Body means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor thereto.

  • Local governmental entity means a county, municipality, school district, junior college district, or other political subdivision of this state or a local government corporation, board, commission, district, or authority to which a member is appointed by the commissioners court of a county, the mayor of a municipality, or the governing body of a municipality. The term does not include an association, corporation, or organization of governmental entities organized to provide to its members education, assistance, products, or services or to represent its members before the legislative, administrative, or judicial branches of the state or federal government.

  • Governmental Body means any government or governmental or regulatory body thereof, or political subdivision thereof, whether federal, state, local or foreign, or any agency, instrumentality or authority thereof, or any court or arbitrator (public or private).

  • Governmental Agency means an executive, legislative, or judicial agency, department, board, commission, authority, institution, or instrumentality of the federal government or of a state or of a county, municipality, or other political subdivision of a state.

  • Governmental Entity means any national, federal, state, municipal, local, territorial, foreign or other government or any department, commission, board, bureau, agency, regulatory authority or instrumentality thereof, or any court, judicial, administrative or arbitral body or public or private tribunal.

  • Government Authority means any relevant administrative, judicial, executive, legislative or other governmental or intergovernmental entity, department, agency, commission, board, bureau or court, and any other regulatory or self-regulatory organizations, in any country or jurisdiction.

  • Public Procurement Regulatory Authority (PPRA) means the Government Agency responsible for oversight of public procurement.

  • Local governmental unit means a county, city, village, or township.

  • Foreign Financial Regulatory Authority shall have the meaning given by Section 2(a)(50) of the 0000 Xxx.

  • Governmental Authority(ies) means any federal, state or local government, and political subdivision(s) thereof, and any entity(ies) exercising executive, legislative, judicial, regulatory or administrative functions having or pertaining to government.