Canadian Security Agreements Sample Clauses

Canadian Security Agreements. (a) the General Security Agreement dated as of the Original Closing Date, in form and substance reasonably acceptable to Agent, executed by the Canadian Guarantors in favor of Agent, as the same may be amended, restated, confirmed, supplemented or otherwise modified from time to time, and (b) any other Canadian security agreement required to be executed by any Obligor in favor of Agent after the Original Closing Date, in each case, as the same may be amended, restated, confirmed, supplemented, replaced or otherwise modified from time to time.
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Canadian Security Agreements. Duly executed originals of the ---------------------------- Canadian Security Agreements, dated as of the date hereof, and all instruments, documents and agreements executed pursuant thereto.
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Canadian Security Agreements. The Security Agreement and the General Security Agreement, each dated as of the date hereof and executed and delivered by the Canadian Borrower to the Agent, for the benefit of the Canadian Bank, to secure the Canadian Borrower's Obligations hereunder. Capital Expenditures. Any expenditure for fixed assets, leasehold improvements, capital leases under GAAP, installment purchases of machinery and equipment, acquisitions of real estate and other similar expenditures including (i) in the case of a purchase, the entire purchase price, whether or not paid during the fiscal period in question, (ii) in the case of a capital lease, the entire rental amount that would be capitalized on the balance sheet in accordance with GAAP, and (iii) expenditures in or from any construction-in- process account of a Borrower.
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Canadian Security Agreements. Westcon Canada shall have executed and delivered to the Canadian Collateral Agent (i) one or more security agreements governed by the laws of Quebec and Ontario, or other applicable jurisdiction determined by Canadian Collateral Agent as the case may be ("Canadian Security Agreements") in form and content satisfactory to Canadian Collateral Agent and granting to Canadian Collateral Agent, for the benefit of the Canadian Lenders and Canadian Collateral Agent, security interests and hypothecs ("Security Interests") in all of Westcon Canada's assets, including, without limitation, Equipment; Inventory; Accounts;
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Canadian Security Agreements. On the Escrow Release Date, (i) each Qualified Canadian Obligor shall have duly authorized, executed and delivered such security agreements, mortgages, documents and instruments as may be required by the Agents (based on advice of local counsel), with the intent being that the Lenders receive valid and enforceable first priority (subject to Permitted Liens), perfected security interests or charges, as the case may be (securing its obligations thereunder and under the other Credit Documents to which such Credit Party is party), in all or substantially all of the assets (including all tangible and intangible assets, including receivables, contract rights, securities, inventory, equipment, real estate, leasehold interests and material patents, trademarks and other intellectual property) owned by each Qualified Canadian Obligor. All security documentation to be executed and delivered by the Qualified Canadian Obligors pursuant to the immediately preceding sentence (each, as amended, modified, restated and/or supplemented from time to time, a "Canadian Security Agreement" and, collectively, the "Canadian Security Agreements") shall (i) be prepared by local counsel satisfactory to the Agents and (ii) be in form and substance satisfactory to the Agents. In connection with the execution and delivery of the Canadian Security Agreements, the respective Qualified Canadian Obligor shall take such actions as may be necessary or desirable under local law (as advised by local counsel) to create, maintain, effect, perfect, preserve, maintain and protect the security interests or other applicable Lien granted (or purported to be granted) thereby (including, without limitation, taking actions analogous to those described in Section 5.02(n) with respect to the Security Agreement Collateral described in the U.S. Security Agreement and in Section 5.02(p) with respect to the Mortgages covering U.S. Mortgaged Properties), in each case to the extent customary in connection with secured transactions under the laws of the respective jurisdiction or deemed necessary or desirable by the Agents based on advice of local counsel. Each Canadian Security Agreement listed on Part B of Schedule V shall be in full force and effect.
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Canadian Security Agreements. Execution and delivery to Lenders of the General Security Agreement annexed as Exhibit E by Parent.
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Canadian Security Agreements. Security agreements, substantially in the form of Exhibit I-2, issued by VUCI and each Canadian Guarantor (as amended, supplemented or otherwise modified from time to time, individually each a "Canadian Security Agreement" and collectively the "Canadian Security Agreements"), together with evidence, satisfactory to the U.S. Agent, that substantially all filings necessary to perfect the U.S. Agent's Lien on any collateral granted under the Canadian Security Agreements have been duly made and are in full force and effect (subject to such exceptions as the U.S. Agent may approve).
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Canadian Security Agreements. Each of (a) the Deeds of Hypothec, (b) that certain Security Agreement, dated August 17, 1999 entered into by GRO in favor of the Administrative Agent, (c) the Huron Security Agreement, (d) the Quebec Bond, and (e) the Quebec Bond Pledge Agreement, in each case in form and substance satisfactory to the Administrative Agent. Canadian Security Documents. Collectively, the Canadian Security Agreements, the GRO Pledge Agreements, the Rail-One Pledge Agreement, the GWI Pledge Agreement, the GWIC Stock Pledge Agreement, the Emons Pledge Agreement and all other instruments and documents required to be executed or delivered pursuant to any Canadian Security Documents. Canadian Term Loan. The term loan made by the Lenders in accordance with their Commitment Percentages to the Canadian Borrower on the Closing Date pursuant to (Section)3.1 in the Canadian Dollar Equivalent of the aggregate principal amount of $27,000,000. Canadian Term Notes. See (Section)3.2. Capital Assets. Fixed assets, both tangible (such as land, buildings, fixtures, machinery and equipment) and intangible (such as patents, copyrights, trademarks, franchises and good will); provided that Capital Assets shall not include any item customarily charged directly to expense or depreciated over a useful life of twelve (12) months or less in accordance with GAAP. Capital Expenditures. Amounts paid or indebtedness incurred (without duplication) by the Borrowers or their Restricted Subsidiaries in connection with the purchase or lease by any of the Borrowers or any of their Restricted Subsidiaries of Capital Assets that would be required to be capitalized and shown on the balance sheet of such Person in accordance with GAAP, less amounts reimbursed by third parties.
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Related to Canadian Security Agreements

  • Guaranty and Security Agreement The security interest granted pursuant to this [Copyright] [Patent] [Trademark] Security Agreement is granted in conjunction with the security interest granted to Agent pursuant to the Guaranty and Security Agreement and each Grantor hereby acknowledges and agrees that the rights and remedies of Agent with respect to the security interest in the [Copyright] [Patent] [Trademark] Collateral made and granted hereby are more fully set forth in the Guaranty and Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein.

  • Loan and Security Agreement Performance of all obligations of Borrower (as such term is defined in the Loan and Security Agreement, and hereafter used with such meaning) under the terms of the Loan and Security Agreement, any of the Guaranty Agreements or Security Documents referred to in the Loan and Security Agreement, and any other loan agreement, tri-party financing agreement or other agreement between Grantor and Beneficiary, GNI and any other parties pertaining to the use of the proceeds of the Notes."

  • Security Agreements Signed original security agreements, assignments, financing statements and fixture filings (together with collateral in which the Bank requires a possessory security interest), which the Bank requires.

  • Trademark Security Agreement The Trademark Collateral Security and Pledge Agreement, dated or to be dated on or prior to the Closing Date, between the Borrower and the Collateral Agent and in form and substance satisfactory to the Banks, the Collateral Agent and the Agents.

  • No Financing Statements, Security Agreements No financing statement or security agreement describing all or any portion of the Collateral which has not lapsed or been terminated (by a filing authorized by the secured party in respect thereof) naming such Grantor as debtor has been filed or is of record in any jurisdiction except for financing statements or security agreements (a) naming the Administrative Agent on behalf of the Secured Parties as the secured party and (b) in respect to other Liens permitted under Section 6.02 of the Credit Agreement.

  • Security Agreement The words "Security Agreement" mean and include without limitation any agreements, promises, covenants, arrangements, understandings or other agreements, whether created by law, contract, or otherwise, evidencing, governing, representing, or creating a Security Interest.

  • Guaranty Agreements Any Guaranty Agreement or any provision thereof shall for any reason cease to be in full force and effect or valid and binding on or enforceable against any Credit Party or a Credit Party shall so state in writing or bring an action to limit its obligations or liabilities thereunder; or any Credit Party shall fail to perform any of its obligations thereunder; or

  • Collateral and Security Documents The due and punctual payment of the principal of, premium and interest on the Notes when and as the same shall be due and payable, whether on a Payment Date, at the Maturity Date, or by acceleration, repurchase, redemption or otherwise, and interest on the overdue principal of, premium and interest on the Notes to the Holders or the Indenture Trustee under this Indenture, the Notes and the other Security Documents, and all other amounts in respect of the Secured Obligations according to the terms hereunder or thereunder, shall be secured by a security interest in the Collateral as provided in the Security Documents, which define the terms of the Liens that secure the Secured Obligations. The Issuer hereby acknowledges and agrees that the Indenture Trustee holds the Collateral in trust for the benefit of the Holders, pursuant to the terms of the Security Documents. Each Holder, by accepting a Note, consents and agrees (subject to Section 4.11) to the terms of the Security Documents (including the provisions providing for the possession, use, release and foreclosure of Collateral) as the same may be in effect or may be amended from time to time in accordance with their respective terms and this Indenture, and authorizes and directs the Indenture Trustee to enter into the Security Documents and, subject to the provisions of this Indenture, to perform its obligations and exercise its rights thereunder in accordance herewith and therewith. The Issuer shall take any and all actions reasonably required to cause the Security Documents to create and maintain at all times, as security for the Secured Obligations of the Issuer hereunder, a valid and enforceable perfected Lien on all of the Collateral, in favor of the Indenture Trustee for the benefit of the Holders under the Security Documents. The Issuer hereby covenant (A) to perform and observe its obligations under the Security Documents and (B) take any and all commercially reasonable actions (including without limitation the covenants set forth in the Security Documents and in this Article 9) required to cause the Security Documents to create and maintain, as security for the Secured Obligations contained in this Indenture, the Notes and the other Security Documents, valid and enforceable, perfected (except as expressly provided herein or therein) security interests in and on all the Collateral, in favor of the Indenture Trustee, superior to and prior to the rights of all third Persons, and subject to no other Liens, in each case, except as expressly permitted herein or therein. The Issuer shall do or cause to be done, at its sole cost and expense, all such actions and things as may be necessary, or as may be required by the provisions of the Security Documents, to confirm to the Indenture Trustee the security interests in the Collateral contemplated hereby and by the Security Documents, as from time to time constituted, so as to render the Collateral available for the security and benefit of this Indenture and of the Notes secured hereby, according to the intent and purpose herein and therein expressed.

  • Amendments to the Loan and Security Agreement (a) The Loan and Security Agreement shall be amended as follows effective as of the Amendment Effective Date:

  • Pledge and Security Agreement The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the Security Agent for the Secured Parties pursuant to the Pledge and Security Agreement, and the Grantors hereby acknowledge and affirm that the rights and remedies of the Security Agent with respect to the security interest in the Copyright Collateral made and granted hereby are more fully set forth in the Pledge and Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Pledge and Security Agreement, the provisions of the Pledge and Security Agreement shall control.

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