Canadian Subsidiary Guarantor definition

Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

Canadian Subsidiary Guarantor means any Canadian Subsidiary that is or hereafter becomes a party to the Canadian Subsidiary Guaranty.

Canadian Subsidiary Guarantor means each Canadian Subsidiary (other than the Canadian Borrower) in existence on the Closing Date other than any Excluded Subsidiary, as well as each Canadian Subsidiary established, created or acquired after the Closing Date which becomes a party to this Agreement in accordance with the requirements of this Agreement.

Examples of Canadian Subsidiary Guarantor in a sentence

• The Administrative Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with the Borrower, the Canadian Borrower, any Guarantor, any Canadian Subsidiary Guarantor and any other Credit Party as though the Administrative Agent were not the Administrative Agent hereunder and under the other Credit Documents.

• Whether or not a Default or an Event of Default exists, the Administrative Agent shall have the right at any time, in the name of the Administrative Agent, any designee of the Administrative Agent, any Borrower or any Canadian Subsidiary Guarantor to verify the validity, amount or any other matter relating to any Accounts of such Borrower or Canadian Subsidiary Guarantor by mail, telephone, telegraph or otherwise.

• Neither the Administrative Agent nor any Lender shall have any duty to any Borrower or Canadian Subsidiary Guarantor to make any inspection, nor to share any results of any inspection, appraisal or report with any Borrower or Canadian Subsidiary Guarantor.

• As long as no Event of Default exists, each Borrower and any Canadian Subsidiary Guarantor shall have the right to settle, adjust and compromise any claim with respect to any insurance maintained by such Borrower; provided that all proceeds thereof are applied in the manner specified in this Agreement, and the Collateral Agent agrees promptly to provide any necessary endorsement to any checks or drafts issued in payment of any such claim.

• Each Borrower and Canadian Subsidiary Guarantor shall keep accurate and complete records of its Accounts and all payments and collections thereon.

More Definitions of Canadian Subsidiary Guarantor

Canadian Subsidiary Guarantor means each Canadian Subsidiary (other than a Canadian Borrower) listed on Schedule 1.01(c), and each other Canadian Subsidiary that is or becomes a party to the Canadian Guarantee Agreement.

Canadian Subsidiary Guarantor means (i) each Wholly-Owned Subsidiary of Holdings that is a Canadian Subsidiary as of the Initial Borrowing Date (other than the Canadian Borrower) and (ii) each other Wholly-Owned Subsidiary of Holdings that is a Canadian Subsidiary and is created, established or acquired after the Initial Borrowing Date which executes and delivers a Canadian Subsidiaries Guaranty, unless and until such time as the respective Canadian Subsidiary is released from all of its obligations under its Canadian Subsidiaries Guaranty in accordance with the terms and provisions thereof.

Canadian Subsidiary Guarantor means each Subsidiary Guarantor organized under the laws of Canada or any province or jurisdiction thereof.

Canadian Subsidiary Guarantor means each Canadian Restricted Subsidiary (other than the Canadian Borrowers) in existence on the Second Restatement Effective Date (other than any Excluded Subsidiary), as well as each Canadian Restricted Subsidiary established, created or acquired after the Second Restatement Effective Date which becomes a party to this Agreement as a Guarantor in accordance with the Collateral and Guarantee Requirement.

Canadian Subsidiary Guarantor means a Canadian Subsidiary that is or becomes a party to this Agreement pursuant to Section 5.10.

Canadian Subsidiary Guarantor each existing and subsequently acquired or organized direct or indirect wholly owned Restricted Subsidiary of Holdings that is not a Canadian Borrower organized under the laws of Canada, or Province or Territory thereof, that becomes party to a Guarantee.

Canadian Subsidiary Guarantor means, collectively, (a) each Wholly-Owned Canadian Subsidiary of the Company (other than any Canadian Borrower and any Immaterial Subsidiary) that is a Restricted Subsidiary of the Company listed on Schedule 6.12 and each other Wholly-Owned Canadian Subsidiary of the Company (other than any Canadian Borrower and any Immaterial Subsidiary) that is a Restricted Subsidiary of the Company that shall be required to execute and deliver a guaranty or guaranty supplement pursuant to Section 6.12 and (b) with respect to (i) Secured Bank Product Obligations owing by any Canadian Loan Party or any Subsidiary of a Canadian Loan Party (other than any Canadian Borrower), (ii) Secured Other Letters of Credit Obligations owing by any Canadian Loan Party (other than any Canadian Borrower) to an ABL Secured Other Letters of Credit Issuer and (iii) the payment and performance by each Canadian Loan Party that is not an “eligible contract participant” under the Commodity Exchange Act of its obligations under its Guaranty with respect to all Swap Obligations, in each case, the Canadian Borrowers; provided that no Excluded Subsidiary shall be a Canadian Subsidiary Guarantor.