Canadian Guarantors Sample Clauses

Canadian Guarantors. The following additional provision shall apply to any and all obligations of any Canadian Guarantor under this Agreement, but, for the avoidance of doubt, shall not be construed so as to modify or amend any of the obligations of any other Obligor under this Agreement:
Canadian Guarantors. Each of the Canadian Guarantors hereby jointly and severally guarantees to each Canadian Lender, each Affiliate of a Canadian Lender that enters into a Hedging Agreement with a Canadian Borrower, the Agents and the Collateral Agent as hereinafter provided, as primary obligor and not as surety, the prompt payment of the Canadian Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof. The Canadian Guarantors hereby further agree that if any of the Canadian Obligations are not paid in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise), the Canadian Guarantors will, jointly and severally, promptly pay the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Canadian Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) in accordance with the terms of such extension or renewal. Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents or Hedging Agreements, the obligations of each Guarantor under this Credit Agreement and the other Credit Documents shall be limited to an aggregate amount equal to the largest amount that would not render such obligations subject to avoidance under Section 548 of the Bankruptcy Code of the United States, if applicable, or any comparable provisions of any other applicable Bankruptcy Code.
Canadian Guarantors. See preamble.
Canadian Guarantors. Each Canadian Guarantor (for purposes of this Section 3(b), a “Canadian Contributing Party”) agrees (subject to Section 4 hereof) that, in the event a payment shall be made by any other Canadian Guarantor under the Guaranty of or in respect of a Canadian Guaranteed Obligation and such Canadian Guarantor (for purposes of this Section 3(b), the “Canadian Claiming Party”) shall not have been fully indemnified by the Canadian Borrower as provided in Section 2(b), the Canadian Contributing Party shall indemnify the Canadian Claiming Party in an amount equal to the amount of such payment multiplied by a fraction of which the numerator shall be the net worth of the Canadian Contributing Party on the date of the Guaranty (or, in the case of any Guarantor becoming a party hereto pursuant to Section 15 hereof, the date of the Supplement hereto executed and delivered by such Guarantor) and the denominator shall be the aggregate net worth of all the Canadian Guarantors on the date of the Guaranty (or, in the case of any Guarantor becoming a party hereto pursuant to Section 15 hereof, the date of the Supplement hereto executed and delivered by such Guarantor). Any Canadian Contributing Party making any payment to a Canadian Claiming Party pursuant to this Section 3(b) shall be subrogated to the rights of such Canadian Claiming Party under Section 2(b) hereof to the extent of such payment.
Canadian Guarantors. Notwithstanding Section 6.01, the Guaranteed Obligations of each Canadian Guarantor shall be as surety and not primary obligor. CONDITIONS PRECEDENT
Canadian Guarantors. Canadian Borrower and each of its Consolidated Subsidiaries unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all Canadian Obligations of each other Canadian Credit Party, including, without limitation, Canadian Borrower, now or hereafter existing under any Loan Document, pursuant to the terms and conditions of the Canadian Guaranty.
Canadian Guarantors. In the event that any entity incorporated or formed under the laws of Canada or any province of Canada becomes a Guarantor pursuant to this Indenture (a "Canadian Guarantor"), such Canadian Guarantor shall execute a separate Guarantee from the Guarantee(s) executed by any non-Canadian Guarantors and such Guarantee shall be executed only by Canadian Guarantors.
Canadian Guarantors. Each Canadian Loan Party and each of its Consolidated Subsidiaries unconditionally and irrevocably guarantees the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all Canadian Obligations of each other Canadian Loan Party, including, without limitation, Canadian Loan Party, now or hereafter existing under any Purchase Document, pursuant to the terms and conditions of the Canadian Guaranty. * * * * * SIGNATURE PAGE TO NOTE AND EQUITY PURCHASE AGREEMENT
Canadian Guarantors. (a) Evidence to the satisfaction of the Administrative Agent of any release and removal of record of all material liens (other than Permitted Liens) on the assets of the Canadian Guarantors, and (b) the execution and delivery of a credit support agreement (the “Canadian Support Agreement”) between the Borrower and the Guarantors, in form and substance satisfactory to the Administrative Agent, providing for, among other things, the ability of the Canadian Guarantors to offset any payments actually made to the Secured Parties under the Canadian Guaranty following the exercise of remedies thereunder against inter-company advances owing to the Borrower or any Guarantor other than the Canadian Guarantors, and acknowledging the direct benefits of the DIP Loan Facility to the ongoing business and viability of the Canadian Subsidiaries, including without limitation by enabling the Canadian Guarantors to obtain financing.
Canadian Guarantors. The “Canadian Guarantors” as defined in the preamble and any other Restricted Subsidiary organized under the laws of any province or territory of Canada or the federal laws of Canada that has executed an Instrument of Adherence (Guaranty) in accordance with §9.14.