Definition of Canadian Subsidiary Guarantors


Canadian Subsidiary Guarantors means, collectively, all direct and indirect Subsidiaries of the Canadian Borrower in existence on the Closing Date and described on Schedule 1.1(c) or which become a party to the Canadian Subsidiary Guaranty Agreement pursuant to Section 8.13.
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Examples of Canadian Subsidiary Guarantors in a sentence

Borrowers and the Canadian Subsidiary Guarantors shall cooperate fully with Administrative Agent in an effort to facilitate and promptly conclude any such verification process.
Borrowers and the Canadian Subsidiary Guarantors shall issue to each such lockbox bank an irrevocable letter of instruction directing such bank to deposit all payments or other remittances received in the lockbox to the related Dominion Account.
Borrowers and the Canadian Subsidiary Guarantors shall maintain one or more Dominion Accounts, each pursuant to a lockbox or other arrangement acceptable to Administrative Agent, with such bank as may be selected by Borrowers or the Canadian Subsidiary Guarantors, as applicable, and be acceptable to Administrative Agent.
Neither Agents nor Lenders assume any responsibility to Borrowers or the Canadian Subsidiary Guarantors for such lockbox arrangement or, upon the occurrence and during the continuation of a Cash Dominion Event, any Dominion Account, including any claim of accord and satisfaction or release with respect to deposits accepted by any bank thereunder.
Neither Agent shall be liable or responsible in any way for the safekeeping of any of the Collateral or for any loss or damage thereto (except for reasonable care in the custody thereof while any Collateral is in such Agents actual possession or control) or for any diminution in the value thereof, or for any act or default of any warehouseman, carrier, forwarding agency, or other Person whomsoever, but the same shall be at Borrowers or the Canadian Subsidiary Guarantors, as applicable, sole risk.