Canadian Note Sample Clauses

The Canadian Note clause serves to clarify how certain terms or provisions in a contract apply specifically within the context of Canadian law or to Canadian parties. It typically addresses differences in legal requirements, regulatory frameworks, or terminology that may exist between Canada and other jurisdictions, ensuring that the contract remains enforceable and compliant when used in Canada. By providing this jurisdiction-specific guidance, the clause helps prevent misunderstandings and legal conflicts, ensuring the contract is interpreted correctly under Canadian law.
Canadian Note. See §2.5(b).
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Canadian Note. The Administrative Agent shall have received a new executed Canadian Note in favor of the Canadian Dollar Lender; and
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Canadian Note. Within 45 days after the Amendment No. 7 Effective Date, (i) an original promissory note in the original principal amount of not less than $14,000,000, executed by Genicom Canada Inc. and payable to the order of the Borrower (the "Canadian Note"); provided however, (1) the Canadian Note shall contain such terms and conditions satisfactory to the Agent in its sole discretion, (2) the Canadian Note shall be endorsed in favor of the Agent for the benefit of the Lenders, and the Borrower shall take any other action as is necessary, in the Agent's sole discretion, to perfect the Agent's security interest in the Canadian Note, and (3) the Canadian Note shall be secured by a first priority perfected security interest in all personal property of Genicom Canada Inc., evidence of which shall be in form and substance satisfactory to the Agent in its sole discretion, and (ii) all other documents, instruments and agreements related thereto, each in form and substance satisfactory to the Agent in its sole discretion.
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Canadian Note. The Agent shall keep a record of the Canadian ------------- Loan as part of the Register, which shall evidence the Canadian Loan. The Canadian Loan shall be owed to the Canadian Lender for its own account, and all payments thereon shall be for the account of the Canadian Lender. Upon written request of the Canadian Lender, the Canadian Borrower's obligations to pay the Canadian Lender shall be further evidenced by a note of the Canadian Borrower in substantially the form of Exhibit 2.2.4 (the "Canadian Note"). -------------
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Related to Canadian Note

  • Swingline Note The Swingline Loans shall be evidenced by a duly executed promissory note of the Borrower to the Swingline Lender in the original amount of the Swingline Committed Amount and substantially in the form of Schedule 2.3(d).

  • Revolving Note The Revolving Loans made by each Lender shall, in addition to this Agreement, also be evidenced by a promissory note of the Borrower substantially in the form of Exhibit K (each a “Revolving Note”), payable to the order of such Lender in a principal amount equal to the amount of its Commitment as originally in effect and otherwise duly completed.

  • Revolving Loan Notes The Revolving Loans made by the Lenders to a Borrower shall be evidenced, upon request by any Lender, by a promissory note of such Borrower payable to each Lender in substantially the form of Exhibit 2.7(a) hereto (the “Revolving Loan Notes”) and in a principal amount equal to the amount of such Lender’s Commitment Percentage of the Revolving Loan Commitment as originally in effect.

  • Revolving Credit Note The obligation of the Borrowers to pay the Revolving Loan, with interest, shall be evidenced by a promissory note (as from time to time extended, amended, restated, supplemented or otherwise modified, the “Revolving Credit Note”) substantially in the form of EXHIBIT A-1 attached hereto and made a part hereof, with appropriate insertions. The Revolving Credit Note shall be dated as of the Closing Date, shall be payable to the order of the Lender at the times provided in the Revolving Credit Note, and shall be in the principal amount of the Revolving Credit Committed Amount. Each of the Borrowers acknowledges and agrees that, if the outstanding principal balance of the Revolving Loan outstanding from time to time exceeds the face amount of the Revolving Credit Note, the excess shall bear interest at the rates provided from time to time for advances under the Revolving Loan evidenced by the Revolving Credit Note and shall be payable, with accrued interest, ON DEMAND. The Revolving Credit Note shall not operate as a novation of any of the Obligations or nullify, discharge, or release any such Obligations or the continuing contractual relationship of the parties hereto in accordance with the provisions of this Agreement.

  • Term Loan Notes The Borrower agrees that, upon the request to the Administrative Agent by any Term Loan Lender made on or prior to the Restatement Effective Date with respect to its Term Loan made on such date, or in connection with any subsequent assignment pursuant to subsection 10.6(b), in order to evidence such Term Loan, the Borrower will execute and deliver to such Term Loan Lender a promissory note substantially in the form of Exhibit A (each, as amended, supplemented, replaced or otherwise modified from time to time, a “Term Loan Note”), with appropriate insertions therein as to payee, date and principal amount, payable to such Term Loan Lender and in a principal amount equal to the unpaid principal amount of the applicable Term Loans made (or acquired by assignment pursuant to subsection 10.6(b)) by such Term Loan Lender to the Borrower. Each Term Loan Note shall be dated the Restatement Effective Date and shall be payable as provided in subsection 2.2(b) and provide for the payment of interest in accordance with subsection 3.1.