Quebec STA definition

Quebec STA. An Act respecting the transfer of securities and the establishment of security entitlements, R.S.Q. c. T-11.002, as amended from time to time.
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Quebec STA. An Act respecting the transfer of securities and the establishment of security entitlements, R.S.Q. c. T-11.002, as amended from time to time. “Quotation Day”: with respect to any Eurocurrency Loan for any Interest Period, (i) if the currency is United States Dollars, two Business Days prior to the commencement of such Interest Period and (ii) if the currency is Canadian Dollars, at approximately 10:15 a.m., Toronto time, on the first day of such Interest Period; provided that if such day is not a Business Day, then on the immediately preceding Business Day. “Reconciliation Summary”: with respect to the annual and monthly consolidated financial statements (other than the statements of cash flow and owners’ equity) delivered pursuant to Section 7.1, (i) a schedule showing the elimination of transactions between any Loan Party and any Subsidiary of a Loan Party that is not itself a Loan Party and transactions between any Loan Party and any Affiliate of a Loan Party (other than any Subsidiary of a Loan Party), (ii) a statement showing the adjustments made to report such financial statements on an Economic Basis plus or minus any Allowed Reserve, as applicable, and (iii) a statement showing the adjustments made to such financial statements with respect to any Allowed Reserve. “Recovery Event”: any settlement of or payment in respect of any Property or casualty insurance claim or any condemnation proceeding relating to any asset of any Loan Party resulting in Net Cash Proceeds to the applicable Loan Party in excess of $5,000,000. “Reference Time”: with respect to any setting of any then-current Benchmark (1) if such Benchmark is USD LIBOR, 11:00 a.m., London time on the day that is two Business Days preceding the date of such setting, (2) if such Benchmark is the Canadian Dollar Offered Rate, 10:15 a.m. Toronto, Ontario time on, if such day is a Business Day, the date of such setting and, if such day is not a Business Day, then on the immediately preceding Business Day and (3) otherwise, the time determined by the Administrative Agent in its reasonable discretion. “Refunded Dollar Committed Tranche Swing Line Loan”: any Refunded Swing Line Loan made in respect of a Dollar Committed Tranche Swing Line Loan. “Refunded Dollar Uncommitted Tranche Swing Line Loan”: any Refunded Swing Line Loan made in respect of a Dollar Uncommitted Tranche Swing Line Loan. “Refunded Multicurrency Swing Line Loan”: any Refunded Swing Line Loan made in respect of a Multicurrency Swin...
Sample 1
Quebec STA. An Act respecting the transfer of securities and the establishment of security entitlements, R.S.Q. c. T-11.002, as amended from time to time. “Rate Determination Date”: with respect to (a) any calculation with respect to a CDOR Loan for any Interest Period, the date that is two (2) CDOR Business Days prior to the commencement of such Interest Period or (b) any calculation with respect to a Prime Rate Loan, the date that is two (2) CDOR Business Days prior to the date of such calculation, or, in each case, such other day as is generally treated as the rate fixing day by market practice in the applicable interbank market, as reasonably determined by the Administrative Agent; provided that to the extent that such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent. “Reconciliation Summary”: with respect to the annual and monthly consolidated financial statements (other than the statements of cash flow and owners’ equity) delivered pursuant to Section 7.1, (i) a schedule showing the elimination of transactions between any Loan Party and any Subsidiary of a Loan Party that is not itself a Loan Party and transactions between any Loan Party and any Affiliate of a Loan Party (other than any Subsidiary of a Loan Party), (ii) a statement showing the adjustments made to report such financial statements on an Economic Basis plus or minus any Allowed Reserve, as applicable, and (iii) a statement showing the adjustments made to such financial statements with respect to any Allowed Reserve.
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Examples of Quebec STA in a sentence

  • With the enactment of the Quebec STA and the recent amendments to federal legislation protecting realization actions against financial collateral for eligible financial contracts, the circumstances in which characterization as a security agreement is relevant are not as many as they have been.

  • The new applicable law is found in An Act respecting the transfer of securities and the establishment of securityentitlements (Quebec)4 (the "Quebec STA" or the "QSTA"), which willgoverngoverns many aspects of the transfer of investment securities, and the related provisions of the Civil Code of Quebec (the "Civil Code" or the "CCQ"), which govern the taking of security in investment securities and in cash collateral.

  • The validity of a security in an uncertificated security is governed by the law of the "issuer’'s jurisdiction".4142The "issuer’'s jurisdiction" is not defined in the Quebec STA or the Civil Code, as it is in the Ontario STA.

  • This memorandum of law addresses Quebec law as if the Quebec STA were currently in force.

  • QSTA, s.117.4entitlement holder,16 and (vi) the securities intermediary will act at the direction of the entitlement holder to convert the position into any other available form of securities holding.17Although the Security Documents are not drafted using this new terminology, section 3 of the Quebec STA contains a rule designed to eliminate the problems of coordination of terminology.

  • We believe that describing the collateral by the terms "security entitlement" and "securities account" is sufficient where collateral is in that form.6058 Although the Security Documents are not drafted using this terminology, section 3 of the Quebec STA contains a rule designed to eliminate the problems of coordination of terminology.

  • It provides that, unless the context indicates otherwise, a person who is required by an agreement to put a security or financial asset in the possession of another person satisfies that requirement by delivering18 such security to such other person or causing such person to acquire a security entitlement to such financial asset as set out in the Quebec STA.

  • Initiated TIARA-I, the FDA approved Early Feasibility trial that will enrol[l] approximately 30 patients at participating centers in North America and Europe.

  • Resource map mod- ule maps IQ data, reference signals, primary synchro- nization signals and secondary synchronization signals to subcarriers according to frame structure of base- band link, and then input these data and signal to FFT IP core to conduct IFFT.

  • Summer Sunday School offers crafts, games, Bible Stories , songs and snacks.

Related to Quebec STA

  • Ministry of Finance means the Recipient’s Ministry of Finance, or any successor thereto.

  • Chile means the Republic of Chile.

  • Tribes means the Confederated Tribes of the Colville Reservation.

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • Quadriplegia means total Paralysis of both upper and lower limbs. “Hemiplegia” means total Paralysis of the upper and lower limbs on one side of the body. “Uniplegia” means total Paralysis of one lower limb or one upper limb. “Paraplegia” means total Paralysis of both lower limbs or both upper limbs. “Paralysis” means total loss of use. A Doctor must determine the loss of use to be complete and not reversible at the time the claim is submitted.

  • RCPSC means the Royal College of Physicians and Surgeons of Canada.

  • academic staff means such categories of staff as are designated as academic staff by the Ordinances;

  • Community Council or “Council” means a duly elected body of MNO citizens that represents a Charter Community,

  • Provincial Council means a council established for a non-metropolitan province in terms of section 269 of the Constitution;

  • CFD means a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Hemiplegia means the permanent Paralysis and functional loss of use of upper and lower limbs on the same side of the body.

  • QFC Stay Rules means the regulations codified at 12 C.F.R. 252.2, 252.81–8, 12 C.F.R. 382.1-7 and 12 C.F.R. 47.1-8, which, subject to limited exceptions, require an express recognition of the stay-and-transfer powers of the FDIC under the Federal Deposit Insurance Act and the Orderly Liquidation Authority under Title II of the Xxxx Xxxxx Wall Street Reform and Consumer Protection Act and the override of default rights related directly or indirectly to the entry of an affiliate into certain insolvency proceedings and any restrictions on the transfer of any covered affiliate credit enhancements.

  • British Council Entities means the subsidiary companies and other organisations Controlled by the British Council from time to time, and any organisation which Controls the British Council (the “Controlling Entity”) as well as any other organisations Controlled by the Controlling Entity from time to time;

  • Ontario means Her Majesty in Right of Ontario, as represented by the Minister of Agriculture, Food and Rural Affairs.

  • Canadian Securities Regulatory Authorities means, collectively, the securities regulatory authority in each of the provinces and territories of Canada;

  • DFI means Development Financial Institution and includes the Pakistan Industrial Credit and Investment Corporation (PICIC), the Saudi Pak Industrial and Agricultural Investment Company Limited, the Pak Kuwait Investment Company Limited, the Pak Libya Holding Company Limited, the Pak Oman Investment Company (Pvt.) Limited, Investment Corporation of Pakistan, House Building Finance Corporation, Pak Brunei Investment Company Limited, Pak-Iran Joint Investment Company Limited, Pak-China Investment Company Limited, and any other financial institution notified under Section 3-A of the Banking Companies Ordinance, 1962.

  • Aeronautics ’ means the science and art of flight.

  • minibus means any motor vehicle having a seating capacity of not less than seven nor more than

  • Ministry means the Ontario Ministry of the Environment;

  • CJA means the Courts of Justice Act, RSO 1990, c C-43, as amended;

  • Indian means a person who is a member of an Indian Tribe. If the Contractor has reason to doubt that a person seeking employment preference is an Indian, the contractor shall grant the preference but shall require the individual within thirty (30) days to provide evidence from the Tribe concerned that the person is a member of that Tribe.

  • North American Numbering Council or "NANC" means the federal advisory committee chartered by the FCC to analyze, advise, and make recommendations on numbering issues.

  • OSFI means the Office of the Superintendent of Financial Institutions (Canada).

  • CESA means the California Endangered Species Act (Fish & G. Code, § 2050 et seq.) and all rules, regulations and guidelines promulgated pursuant to that Act.

  • provincial department ’ means a department listed in Schedule 2 of the Public Service Act, 1994 (Proclamation No. 103 of 1994), which falls within a provincial administration listed in Schedule 1 to that Act; 10