Common use of Eligible Financial Contract Clause in Contracts

Eligible Financial Contract. This Agreement, all Transactions under this Agreement, and any guarantee thereof by Customer’s Guarantor or Company’s Guarantor, as applicable, each and together constitute an “eligible financial contract” under and in all proceedings related to the Companies’ Creditors Arrangement Act (Canada), as amended, restated, replaced or re-enacted from time to time, and will be treated similarly under and in all proceedings related to any bankruptcy, insolvency or similar law (regardless of the jurisdiction of application or competence of such law) or any ruling, order, directive or pronouncement made pursuant thereto, including, but not limited to, the Bankruptcy and Insolvency Act (Canada), as amended, restated, replaced or re-enacted from time to time.