WURA definition

WURA means the Winding-Up and Restructuring Act (Canada).
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WURA means the Winding-Up and Restructuring Act (Canada), as amended.
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WURA means the Winding-Up and Restructuring Act (Canada), R.S.C., 1985, c. W-11, as now and hereafter in effect, or any successor statute.
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Examples of WURA in a sentence

  • Exchange and the Contracting Party agree that all Eligible Collateral Support and all Collateral shall constitute “financial collateral” as that term is used in the CCAA, the BIA, the WURA, and any successor or like Canadian statutory provisions.

  • The notices sent by the GIA, in accordance with section 87 of the WURA, to the former employees of the Toronto Branch of the GIA’s objection to certain components of the Employee Claims and sought direction from the Court to determine the resolution of the now disputed Employee Claims.

  • OSFI issuing orders under section 619 of the Bank Act for the taking of control of the assets of Maple Bank in respect of the Business.4. The events described above prompted OSFI to request that the Attorney General of Canada seek a winding-up order pursuant to section 10.1 of the WURA in respect of the Business.

  • Off-set and cut-through clauses may allow certain creditors or policyholders to have preferential treatment over other claims, contrary to the scheme of distribution in the WURA.

  • The WURA is a liquidation statute designed to deal with, among other things, the formal liquidation of certain regulated entities including financial institutions and insurance companies.


More Definitions of WURA

WURA means the Winding-Up and Restructuring Act (Canada), and any regulations promulgated thereunder, if any, as amended from time to time.
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WURA means the Wind-Up and Restructuring Act (Canada).
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WURA means Winding-Up and Restructuring Act, R.S.C. 1985, c. W-11.
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WURA means the Winding-Up and Restructuring Act (Canada) and any other statute hereafter enacted in substitution therefor, as such act or substituted statute may be amended from time to time.
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WURA means the Winding Up and Restructuring Act (Canada), R.S.C. 1985, c. W-11, as the same now exists or may from time to time hereafter be amended, modified, recodified or supplemented, together with all official rules, regulations and interpretations thereunder or related thereto.
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WURA means the Winding-Up and Restructuring Act (Canada). “Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 1.2
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WURA means the Winding Up and Restructuring Act, as the same now exists or may from time to time hereafter be amended, modified, recodified or supplemented, together with all official rules, regulations and interpretations thereunder or related thereto.
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