ŔÖĚěĚĂappĎÂÔŘ

Matured Canadian LC Obligations definition

Matured Canadian LC ObligationsĚýmeans all amounts paid by Canadian LC Issuer on drafts or demands for payment drawn or made under or purported to be under any Letter of Credit issued under the Canadian Agreement and all other amounts due and owing to Canadian LC Issuer under any LC Application for any such Letter of Credit, to the extent the same have not been repaid to Canadian LC Issuer (with the proceeds of Loans or otherwise).
Source 1Source 2
Matured Canadian LC ObligationsĚýmeans all amounts paid by Canadian LC Issuer on drafts or demands for payment drawn or made

Examples of Matured Canadian LC Obligations in a sentence

  • Canadian LC Issuer will hold such amount to apply against the remaining Canadian LC Obligations outstanding under the Canadian Agreement (all such amounts held for Canadian LC Obligations being herein collectively called "LC Collateral") and the other Canadian Obligations, and such collateral may be applied from time to time to any Matured Canadian LC Obligations or other Canadian Obligations which are due and payable.

  • Canadian Agent will hold such amount as Canadian LC Collateral to apply against the remaining Canadian LC Obligations outstanding under the Canadian Agreement and the other Canadian Obligations, and such Canadian LC Collateral may be applied from time to time to any Matured Canadian LC Obligations or other Canadian Obligations which are due and payable.

  • Canadian LC Issuer will hold such amount to apply against the remaining Canadian LC Obligations outstanding under the Canadian Agreement (all such amounts held for Canadian LC Obligations being herein collectively called "LC Collateral ") and the other Canadian Obligations, and such collateral may be applied from time to time to any Matured Canadian LC Obligations or other Canadian Obligations which are due and payable.

  • Canadian LC Issuer will hold such amount as collateral security for the remaining Canadian LC Obligations (all such amounts held as collateral security for Canadian LC Obligations being herein collectively called "Canadian LC Collateral") and the other Obligations, and such collateral may be applied from time to time to any Matured Canadian LC Obligations or other Obligations which are due and payable.

  • Strategiâ€� Menggalakkan dan mengawalselia piawaian professionalâ€� Mempertingkatkan kompetensi melalui pendidikan dan latihan yang berterusan untuk memenuhi cabaran ekonomi duniaâ€� Menaikkan status para ahliâ€� Menerajui penyelidikan dan pembangunan untuk peningkatan profesionâ€� Menyemai tanggungjawab sosial yang tinggi4.

  • Canadian LC Issuer will hold such amount as collateral security for the remaining Canadian LC Obligations (all such amounts held as collateral security for Canadian LC Obligations being herein collectively called "Canadian LC Collateral") and the other Obligations, ---------------------- and such collateral may be applied from time to time to any Matured Canadian LC Obligations or other Obligations which are due and payable.

  • Canadian LC Issuer will hold such amount to apply against the remaining Canadian LC Obligations outstanding under the Canadian Agreement (all such amounts held for Canadian LC Obligations under this Section 2.11(a) or Section 2.11(b) being herein collectively called "LC Collateral") and the other Canadian Obligations, and such collateral may be applied from time to time to any Matured Canadian LC Obligations or other Canadian Obligations which are due and payable.

  • Each Canadian Borrower hereby assigns and grants to Canadian Agent a continuing security interest in all Canadian LC Collateral paid by it to Canadian Agent, all Investments purchased with such Canadian LC Collateral, and all proceeds thereof to secure its Matured Canadian LC Obligations and the other Canadian Obligations owing by it under the Canadian Loan Documents.

  • Canadian Borrowers shall use all Canadian Advances (i) to first, pay in full the Indebtedness of Northstar Energy to Canadian Imperial Bank of Commerce pursuant to two Credit Agreements both dated April 15, 1997, and thereafter (ii) to finance capital expenditures, (iii) to refinance Matured Canadian LC Obligations outstanding under this Agreement, and (iv) provide working capital for its operations and for other general business purposes.

  • Canadian Borrowers shall use all Canadian Advances and Canadian Swing Loans to pay in full, contemporaneously with the making of the first Canadian Loan or the issuance of the first Letter of Credit, all indebtedness outstanding under the Existing Canadian Agreement and thereafter (i) to finance capital expenditures, (ii) to refinance Matured Canadian LC Obligations outstanding under this Agreement, and (iii) to provide working capital for its operations and for other general business purposes.

Related to Matured Canadian LC Obligations

  • LC Obligations means, at any time, the sum, without duplication, of (i) the aggregate undrawn stated amount under all Facility LCs outstanding at such time plus (ii) the aggregate unpaid amount at such time of all Reimbursement Obligations.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstandingâ€� in the amount so remaining available to be drawn.

  • Multicurrency LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Multicurrency Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Multicurrency LC Exposure of any Lender at any time shall be its Applicable Multicurrency Percentage of the total Multicurrency LC Exposure at such time.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Dollar LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Dollar Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Dollar LC Exposure of any Lender at any time shall be its Applicable Dollar Percentage of the total Dollar LC Exposure at such time.