Canadian Loan Parties definition

Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.

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Canadian Loan Parties means any Loan Party (as defined herein) incorporated or otherwise organized under the laws of Canada or any province or territory thereof.

Canadian Loan Parties means, collectively, the Canadian Borrowers, BBB Canada Ltd., a Canadian federal company and any other Canadian Subsidiary of the Company that becomes a party to this Agreement pursuant to a Joinder Agreement or otherwise and their successors and assigns, in each case unless removed in accordance with the terms hereof, and the term “Canadian Loan Party” shall mean any one of them or all of them individually, as the context may require.

Examples of Canadian Loan Parties in a sentence

• If acceleration of the time for payment of any of the Canadian Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of any Canadian Loan Party, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Canadian Guaranteed Obligations shall nonetheless be payable by the Canadian Loan Parties promptly on demand by the Administrative Agent.

• Notwithstanding the foregoing, and after giving effect to all adjustments contemplated thereby, if the Lenders shall have received an amount in excess of the maximum permitted by that section of the Criminal Code (Canada), the Canadian Loan Parties shall be entitled, by notice in writing to the Administrative Agent, to obtain reimbursement from the Lenders in an amount equal to such excess and, pending such reimbursement, such amount shall be deemed to be an amount payable by the Lenders to the Borrower.

• The Canadian Loan Parties will at all times maintain the Canadian Cash Management Bank as their principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other Deposit Accounts for the conduct of its business.

• Notwithstanding the foregoing, any amounts of the Canadian Loan Parties so offset shall be applied solely to the Canadian Liabilities.

• All Collateral from the Canadian Loan Parties shall be held or administered by the Canadian Agent (or its duly-appointed agent) for its own benefit and for the ratable benefit of the other Secured Parties holding Canadian Liabilities.

More Definitions of Canadian Loan Parties

Canadian Loan Parties each Canadian Borrower and each Canadian Subsidiary Guarantor.

Canadian Loan Parties means, collectively, the Canadian Borrower, and each Canadian Subsidiary that is a Guarantor of the Canadian Liabilities. “Canadian Loan Party” means any one of such Persons.

Canadian Loan Parties means, individually and collectively as the context may require, the Canadian Borrowers, the Canadian Loan Guarantors and the Canadian Cross-Border Loan Guarantors.

Canadian Loan Parties means, collectively, the Canadian Borrower and each Material Foreign Restricted Subsidiary (including the Canadian ULCs) or other Person that is organized under the laws of Canada (or any province or territory thereof) and becomes a party hereto and to a Canadian Security Agreement on the Effective Date or pursuant to Section 5.14.

Canadian Loan Parties means each Loan Party organized under the laws of Canada or a province thereof, including, for greater certainty, the Borrower and Merus Labs Inc.

Canadian Loan Parties means, individually and collectively as the context may require, the Canadian Borrower and each Canadian Guarantor.

Canadian Loan Parties means, individually and/or collectively as the context may require, the Canadian Borrower and the Canadian Guarantors, and their respective successors and assigns.