ULC Shares definition

ULC Shares means shares or other equity interests in the capital stock of a ULC.

ULC Shares means shares in any unlimited company at any time owned or otherwise held by the Obligor.

ULC Shares means shares in any ULC at any time owned or otherwise held by a Loan Party.

Examples of ULC Shares in a sentence

• Therefore, notwithstanding any provisions to the contrary contained in this Agreement, the Loan Agreement or any other document in connection therewith, where the Borrower is the registered owner of ULC Shares which are Collateral, the Borrower shall remain the sole registered owner of such ULC Shares until such time as such ULC Shares are effectively transferred into the name of the Administrative Agent or any other Person on the books and records of the applicable ULC.

• To the extent any provision hereof would have the effect of constituting the Administrative Agent as a member or a shareholder, as applicable, of any ULC prior to such time, such provision shall be severed herefrom and shall be ineffective with respect to ULC Shares which are Collateral without otherwise invalidating or rendering unenforceable this Agreement or invalidating or rendering unenforceable such provision insofar as it relates to Collateral which is not ULC Shares.

• The current edition of the Standard Specifications for Road, Bridge, and Municipal Construc­ tion or equivalent, will be used as the standard for design and con- struction of board funded projects.

• Such Grantor will permit any registerable Pledged Collateral owned by it (other than Pledged Collateral comprised of ULC Shares) to be registered in the name of the Collateral Agent or its nominee at any time an Event of Default has occurred and is continuing at the option of the Collateral Agent.

• The Applicable Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in the name of the applicable Pledgor, endorsed or assigned in blank or, except in the case of the Pledged ULC Shares, in favor of the Applicable Agent or, except in the case of Pledged ULC Shares, if an Event of Default shall have occurred and be continuing, in its own name as pledgee or the name of its nominee (as pledgee or as sub-agent).

More Definitions of ULC Shares

ULC Shares means shares in any ULC at any time owned or otherwise held by any Pledgor.

ULC Shares means shares or other equity interests issued by an unlimited company or an unlimited liability company or unlimited liability corporation incorporated or otherwise governed by the laws of any of the provinces of Canada (each, a “ULC”) (other than any shares or other equity interests issued by Open Text ULC, an unlimited liability company governed by the laws of Nova Scotia, or any successor thereof which is a ULC).

ULC Shares means the common shares in the capital of the ULC.

ULC Shares means shares in the capital stock of, or other equity interests of, a ULC. The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms.

ULC Shares means Pledged Stock which consist of shares in the Equity Interests of any entity which is an unlimited company.

ULC Shares means shares or other equity interests in the capital stock of a ULC. “Uniban Brands” includes, as the context requires, the Docteur du Pare-Brise Brand, the Go Glass Brand, the Star Auto Glass Brand, the Uniglass Brand, the VitroPlus Brand and certain other Trademarks, whether alone or in combination with other words or symbols, and any variations or derivatives of such Trademarks constituting Closing Date Securitization IP or After-Acquired Securitization IP of the Canadian Co-Issuer (but excluding any other Driven Securitization Brand), and, in each case of such Driven Securitization Brand or such other Trademarks, relating to or embodied in the sale of glass under such Driven Securitization Brand or other Trademark.

ULC Shares shall have the meanings set forth in Section 34 hereof.