Common use of Canadian Borrower Joint and Several Guaranty Clause in Contracts

Canadian Borrower Joint and Several Guaranty. All Loans to any Canadian Borrower shall constitute the several, and not joint or joint and several, obligations of such Canadian Borrower. Notwithstanding the foregoing, with respect to Canadian Borrowers that are not Look-Through Subsidiaries, if after the Closing Date any such Canadian Borrower is no longer party to a material contract that prohibits such Canadian Borrower from providing a joint and several guarantee of the Obligations of each Canadian Borrower under this Agreement, such Canadian Borrower shall enter into and deliver a joint and several guarantee of each Canadian Borrower’s Obligations under this Agreement (but excluding any Obligations arising under the Subsidiaries Guaranty) pursuant to an agreement reasonably satisfactory to the Administrative Agent within 30 days after the termination of such contractual restrictions, together with such legal opinions and certificates as the Administrative Agent may reasonably request.

Canadian Borrower Joint and Several Guaranty. All Loans to any Canadian Borrower shall constitute the several, and not joint or joint and several, obligations of such Canadian Borrower. Notwithstanding the foregoing, with respect to Canadian Borrowers that are not Look-Through Subsidiaries, if after the Closing Date November 22, 2011 any such Canadian Borrower is no longer party to a material contract that prohibits such Canadian Borrower from providing a joint and several guarantee of the Obligations of each Canadian Borrower under this Agreement, such Canadian Borrower shall enter into and deliver a joint and several guarantee of each Canadian Borrower’s Obligations under this Agreement (but excluding any Obligations arising under the Subsidiaries Guaranty) pursuant to an agreement reasonably satisfactory to the Administrative Agent within 30 days after the termination of such contractual restrictions, together with such legal opinions and certificates as the Administrative Agent may reasonably request.

Canadian Borrower Joint and Several Guaranty. All Loans to any Canadian Borrower shall constitute the several, and not joint or joint and several, obligations of such Canadian Borrower. Notwithstanding the foregoing, with respect to Canadian Borrowers that are not Look-Through Subsidiaries, if after the Closing Date date hereof any such Canadian Borrower is no longer party to a material contract that prohibits such Canadian Borrower from providing a joint and several guarantee of the Obligations of each Canadian Borrower under this Agreement, such Canadian Borrower shall enter into and deliver a joint and several guarantee of each Canadian Borrower’s Obligations under this Agreement (but excluding any Obligations arising under the Subsidiaries Guaranty) pursuant to an agreement reasonably satisfactory to the Administrative Agent within 30 days after the termination of such contractual restrictions, together with such legal opinions and certificates as the Administrative Agent may reasonably request.