WURA definition

WURA means the Winding-Up and Restructuring Act (Canada).
WURA means the Winding-Up and Restructuring Act (Canada), as amended.
WURA means the Winding-up and Restructuring Act (Canada); and

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.

  • 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.

  • 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.

  • There are three main insolvency statues in Canada: (1) the Bankruptcy and Insolvency Act (BIA); (2) the Companies’ Creditors Arrangement Act (CCAA); and (3) the Winding-Up and Restructuring Act (WURA).

  • As described in the Ninth Report, the Liquidator and the GIA reached an agreement whereby the GIA Claim is limited to an amount that results in the Toronto Branch having assets in excess of its liabilities plus interest payable in accordance with the WURA.


More Definitions of WURA

WURA means the Winding Up and Restructuring Act (Canada); and
WURA means the Winding-Up and Restructuring Act (Canada), and any regulations promulgated thereunder, if any, as amended from time to time.
WURA means the Wind-Up and Restructuring Act (Canada).
WURA means the Winding Up and Restructuring Act, (Canada) as now and hereafter in effect, or any successor statute.
WURA means the Winding-up and Restructuring Act (Canada).
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.
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.