Westcon Canada definition
Examples of Westcon Canada in a sentence
Westcon, Westcon America, Westcon Canada, the other Obligors, the American Collateral Agent, Canadian Collateral Agent, HSBC and Lenders, are parties to a Credit Agreement, dated as of June 12, 2003, as amended by that certain First Amendment to Credit Agreement, dated as of January 16, 2004 (as so amended and as it may hereafter be further amended, supplemented, restated or otherwise modified from time to time, the "Credit Agreement").
Dr. Chantilly, VA 14725 ▇▇▇▇▇ ▇▇▇ Dr. All Chantilly, VA Pacific Hills V All except Inventory Suites 100 and 110 ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ 323 Boulevard of the Allies All except Inventory ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Riverpark Commons All ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Pittsburgh, PA ----------------------------- Westcon Canada Systems ▇▇▇▇-▇▇▇▇ ▇▇▇▇ ▇▇▇ All (WCSI) Inc.
American L/C Issuer will promptly notify, by telephone, American Collateral Agent who shall promptly notify, by telephone, Westcon America and Canadian L/C Issuer shall promptly notify, by telephone Canadian Collateral Agent who shall promptly notify Westcon Canada of any draft drawn pursuant to an American Letter of Credit or a Canadian Letter of Credit, as the case may be, and presented for payment and of the date such L/C Issuer intends to pay such draft.
The failure to so deposit shall be deemed a request for American Revolving Loans in the case of an American Letter of Credit and Westcon America and Canadian Revolving Loans in the case of a Canadian Letter of Credit and Westcon Canada in an aggregate amount equal to the amount paid and if such Revolving Loan is made it shall be deemed to be an applicable Advance hereunder.
Canadian Collateral Agent may, at any time and from time to time, in its reasonable credit judgment, establish reserves against the Receivables or the Inventory of Westcon Canada, which shall be subtracted from the applicable Receivables Borrowing Capacity or Inventory Borrowing Capacity when calculating the amount of the Borrowing Capacity (Westcon Canada).
The total authorized and issued shares of each of Westcon, Westcon America and Westcon Canada and each of the other Obligors are set forth on Schedule 4.15 hereto.
Any Loan or group of Loans having the same proposed LIBOR Period to be made or continued as, or converted into, a LIBOR Loan must be in a minimum amount of, in the case of Westcon America, $2,000,000.00 and integral multiples of $500,000 in excess of such amount and, in the case of Westcon Canada, $2,000,000 and integral multiples of $500,000 in excess of such amount.
Westcon Canada agrees to furnish all assistance and information, and perform any acts, which Canadian Collateral Agent may require in connection therewith.
Upon a Borrower's failure to perform any of its duties under the Loan Documents, including, without limitation, the duty to obtain insurance as specified in Section 8.7, American Collateral Agent, in the case of and on behalf of Westcon America and Canadian Collateral Agent, in the case and on behalf of Westcon Canada may, but shall not be obligated to, perform any or all such duties.
As early as practically possible on the date on which a Loan is made and upon fulfillment of the conditions set forth in Article III of this Agreement, the Canadian Lenders will make the proceeds of the Canadian Revolving Loan available to Westcon Canada by a deposit to the applicable bank account as indicated by the Canadian Collateral Agent, provided, that, none of the Canadian Collateral Agent or the Canadian Lenders shall have any obligation with respect to the application of such proceeds.