Re: Canada - Ontario Agency License - Applcation

From
Sean Cygan <scygan@thekey.com>
To
Timothy Thomas <tt@thekey.com>
CC
Steve Koyanagi <skoyanagi@thekey.com>
Date
Tue, 22 Aug 2023 12:07:11 -0700
Folder
INBOX
--000000000000711321060387b41b Content-Type: multipart/alternative; boundary="000000000000711320060387b41a" --000000000000711320060387b41a Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Team, I was just following up on this. Do you know when I will receive the letter? Thank You On Wed, Jul 26, 2023 at 7:52=E2=80=AFAM Sean Cygan wrot= e: > Thanks > > On Tue, Jul 25, 2023 at 5:21=E2=80=AFPM Timothy Thomas wr= ote: > >> I am good with using that entity. Its waterloo based. Thanks sean >> >> On Tue, Jul 25, 2023 at 8:05 PM Sean Cygan wrote: >> >>> Hi Steve and Tim, >>> >>> Mike wanted me to confirm the entity to make sure we are using the >>> correct one . We put (Arya Healthy Living Inc.) and we also have (Arya >>> Healthy Living Oakville Inc). Both entities will have the same dba/The= Key. >>> >>> He also told me to remove HCA of Ontario and TheKey of Ontario and leav= e >>> it as TheKey. >>> >>> Sean >>> >>> [image: image.png] >>> >>> On Tue, Jul 25, 2023 at 10:55=E2=80=AFAM Sean Cygan = wrote: >>> >>>> Would that be Ali Malik? >>>> >>>> >>>> On Tue, Jul 25, 2023 at 10:34=E2=80=AFAM Steve Koyanagi >>>> wrote: >>>> >>>>> Yes; that makes sense to me. Please work with them accordingly. >>>>> >>>>> On Tue, Jul 25, 2023 at 10:25=E2=80=AFAM Sean Cygan wrote: >>>>> >>>>>> Hi Steve and Tim, >>>>>> >>>>>> Yesterday, when reviewing the application (Security - >>>>>> Irrevocable Letter of Credit) I was asked to reach Frank Stigter >>>>>> regarding the letter. >>>>>> >>>>>> When reviewing the instructions, I think this should be completed by >>>>>> finance and not by our insurance broker. I have also attached the >>>>>> template letter. >>>>>> >>>>>> Your thoughts? >>>>>> >>>>>> Sean >>>>>> >>>>>> >>>>>> >>>>>> Letter of credit requirements >>>>>> >>>>>> To be acceptable, the letter of credit must: >>>>>> >>>>>> - be made in favour of the Director of Employment Standards, >>>>>> - be issued by a bank in Canada or credit union >>>>>> - be electronic >>>>>> - be in the amount of $25,000 >>>>>> - be irrevocable so it cannot be recalled or repealed >>>>>> - automatically renew when it expires >>>>>> - permit =E2=80=9Cpartial drawings=E2=80=9D without any condition= s, meaning that >>>>>> the Director of Employment Standards can, for reasons set out in = the >>>>>> regulation and in accordance with the prescribed processes, deman= d and >>>>>> receive a payment less than the entire amount specified in the le= tter of >>>>>> credit >>>>>> - have no other conditions >>>>>> >>>>>> We recommend you use our template for irrevocable letters of credit >>>>>> to ensure your >>>>>> letter of credit meets all requirements. >>>>>> >>>>>> On Thu, Jul 13, 2023 at 9:23=E2=80=AFAM Sean Cygan wrote: >>>>>> >>>>>>> Thank you >>>>>>> >>>>>>> On Thu, Jul 13, 2023 at 9:17=E2=80=AFAM Steve Koyanagi >>>>>>> wrote: >>>>>>> >>>>>>>> Sure; let's schedule a time next week. Thanks. >>>>>>>> >>>>>>>> On Thu, Jul 13, 2023 at 8:59=E2=80=AFAM Sean Cygan

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