Crailar definition
Examples of Crailar in a sentence
Except as specifically permitted above, Crailar US will not dispose of any of the Secured Assets to any Person.
This Indenture does not restrict the Corporation or Crailar US from incurring additional indebtedness for borrowed money or other obligations or liabilities (including Senior Indebtedness) or mortgaging, pledging or charging its properties to secure any indebtedness or obligations or liabilities.
The holders of the Senior Indebtedness have the right to extend, renew, modify or amend the terms of the Senior Indebtedness or any security therefor and to release, sell or exchange such security and otherwise to deal freely with the Corporation or Crailar US, as the case may be, all without notice to or consent of the Debentureholders or the Trustee and without affecting the liabilities and obligations of the parties to this Indenture or the Debentureholders.
The Trustee, for itself and on behalf of each of the Debentureholders, hereby waives any and all rights to require a Senior Creditor to pursue or exhaust any rights or remedies with respect to the Corporation, Crailar US or any property and assets subject to any Senior Security or in any other manner to require the orderly disposition of property, assets or security in connection with the exercise by the Senior Creditors of any rights, remedies or recourses available to them.
IKEA Supply AG /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Signature ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Printed name Date: 21.01.2014 Crailar Technologies Inc.
The indebtedness evidenced by this Initial Debenture, and by all other Initial Debentures now or hereafter certified and delivered under the Indenture shall be guaranteed by Crailar US with recourse under the guarantee limited to certain Secured Assets of Crailar US as set out in the Indenture.
The Guarantee Liabilities will rank in priority to any other obligations of Crailar US to the extent the Guarantee Obligations are secured by the Security Interest constituted by the Security Documents and otherwise will be subordinated to the Senior Indebtedness of Crailar US in accordance with the provisions of Article 5.
The Corporation shall cause Crailar US to execute and deliver to the Trustee for the benefit of the Trustee and the Debentureholders, the Crailar US Guaranty and Security Agreement.
In reliance on the representations and warranties, and on the terms and subject to the conditions in this Agreement, at the Closing, each Shareholder will deliver and transfer to NAT his or her Crailar Shares in the amounts set forth in Schedule 2.1 of this Agreement, free and clear of all Encumbrances.
Prior to giving effect to the securities being subscribed for under this Subscription Agreement, the Subscriber and all persons acting jointly and in concert with the Subscriber currently own, directly or indirectly, or exercise control or direction over (provide additional detail as applicable): _________________ common shares of Crailar Technologies Inc.