Definition of Canada Security


Canada Security means, collectively, (a) the guarantees executed by ND Graphic Products Ltd. and ND Graphics (Quebec) Ltd. in favor of the Agent and the Lenders, (b) the general security agreements executed by ND Graphic Products Ltd. and ND Graphics (Quebec) Ltd. in favor of the Agent for the benefit of the Lenders, in each case in form and substance acceptable to the Agent, and (c) any other security granted to the Agent or the Lenders as security for the obligations of ND Graphic Products Ltd. or ND Graphics (Quebec) Ltd. under their guarantees and the other Loan Documents.
Sample 1

Examples of Canada Security in a sentence

The Loan Parties shall maintain at all times books and records pertaining to the Collateral in such detail, form and scope as required under the Security Agreement as to the Borrower and its Domestic Subsidiaries party thereto and as required under the Applica Canada Security Agreement as to Applica Canada.
The Loan Parties shall maintain at all times books and records pertaining to the Collateral in such detail, form and scope as required under the Security Agreement as to the Borrowers party thereto, as required under the Applica Canada Security Agreement as to Applica Canada, and as required under the Applica Asia Security Agreement as to Applica Asia.
The Credit Parties shall grant, and at all times after the delivery of each applicable Security Document shall maintain, Security Documents satisfactory to the Administrative Agent in its sole discretion over and with respect to the Material Royalties (the Collateral Requirement), subject to any release of the RGLD Canada Security Documents pursuant to Section 4.5.
For greater certainty, and without limiting the powers of the Agent hereunder or with respect to any of the other Canada Security, each of the Credit Parties hereby acknowledges that the Agent shall, for purposes of holding any security granted by ND Graphics (Quebec) Ltd.
Under the Legend Canada Notice, NBC states that it intends to enforce its rights against Legend Canada under the $6,000,000 Acknowledgement of Debt Revolving Demand Credit Agreement, dated August 15, 2011; the General Assignment of Book Debts, dated October 19, 2011; the $25,000,000 Fixed and Floating Charge Demand Debenture; the Pledge Agreement dated October 19, 2011; and the Negative Pledge and Undertaking dated October 19, 2011 (collectively the "Legend Canada Security").