Common use of Canadian Guarantee and Collateral Agreement Clause in Contracts

Canadian Guarantee and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Canadian Granting Party, as provided in subsection 9.15 of the Canadian Guarantee and Collateral Agreement, hereby becomes a party to the Canadian Guarantee and Collateral Agreement as a Canadian Granting Party thereunder with the same force and effect as if originally named therein as a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor]2 and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor]3 thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedules [ ] to the Canadian Guarantee and Collateral Agreement, and such Schedules are hereby amended and modified to include such information. The Additional Canadian Granting Party hereby represents and warrants that each of the representations and warranties of such Additional Canadian Granting Party, in its capacities as a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor],4 contained in Section 4 of the Canadian Guarantee and Collateral Agreement is true and correct in all material respects on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date. Each Additional Canadian Granting Party hereby grants, as and to the same extent as provided in the Canadian Guarantee and Collateral Agreement, to the ABL Collateral Agent, for the benefit of the Secured Parties, a continuing security interest in the [Collateral (as such term is defined in subsection 3.1 of the Canadian Guarantee and Collateral Agreement) of such Additional Canadian Granting Party] [and] [the Pledged Collateral (as such term is defined in the Canadian Guarantee and Collateral Agreement) of such Additional Canadian Granting Party, except as provided in subsection 3.3 of the Canadian Guarantee and Collateral Agreement].

Appears in 3 contracts

Samples: Guarantee and Collateral Agreement (Veritiv Corp), Assumption Agreement (Veritiv Corp), Guarantee and Collateral Agreement (Veritiv Corp)

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Canadian Guarantee and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Canadian Granting PartyGrantor, as provided in subsection 9.15 Section 9.14 of the Canadian Guarantee and Collateral Agreement, hereby becomes a party to the Canadian Guarantee and Collateral Agreement as a Canadian Granting Party Grantor and Guarantor thereunder with the same force and effect as if originally named therein as a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor]2 Guarantor and, without limiting the generality of the foregoing, hereby expressly agrees to all terms and provisions of the Canadian Guarantee and Collateral Agreement applicable to it as a Grantor and Guarantor thereunder and assumes all obligations and liabilities of a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor]3 Guarantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedules [ ] 1 through 5 to the Canadian Guarantee and Collateral Agreement, and such Schedules are hereby amended and modified to include such information. The Additional Canadian Granting Party Grantor hereby represents and warrants that each of the representations and warranties of such Additional Canadian Granting Party, in its capacities as a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor],4 contained in Section 4 of the Canadian Guarantee and Collateral Agreement is true and correct in all material respects on and as of the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date (except for representations and warranties expressly stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date). Each The Additional Canadian Granting Party Grantor hereby grants, as assigns and transfers to the same extent as provided in the Canadian Guarantee Administrative Agent, and Collateral Agreement, hereby grants to the ABL Collateral Administrative Agent, for the ratable benefit of the Secured Parties, a continuing security interest in all of such Additional Grantor’s right, title and interest in and to all of the [Collateral wherever located and whether now owned or at any time hereafter acquired by such Grantor or in which such Additional Grantor now has or at any time in the future may acquire any right, title or interest, as collateral security for the prompt and complete payment and performance when due (as such term is defined in subsection 3.1 whether at the stated maturity, by acceleration or otherwise) of the Canadian Guarantee and Collateral Agreement) of such Additional Canadian Granting Party] [and] [the Pledged Collateral (as such term is defined Obligations. Each reference to a “Grantor” or a “Guarantor” in the Canadian Guarantee and Collateral Agreement) of such Agreement shall be deemed to include the Additional Grantor. The Canadian Granting PartyGuarantee and Collateral Agreement is hereby incorporated herein by reference. Except as expressly supplemented hereby, except as provided in subsection 3.3 of the Canadian Guarantee and Collateral Agreement]Agreement shall remain in full force and effect.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Foundation Building Materials, Inc.)

Canadian Guarantee and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Canadian Granting Party, as provided in subsection 9.15 of the Canadian Guarantee and Collateral Agreement, hereby becomes a party to the Canadian Guarantee and Collateral Agreement as a Canadian Granting Party thereunder with the same force and effect as if originally named therein as a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor]2 Pledgor]14 and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor]3 Pledgor]15 thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedules [ [____________] to the Canadian Guarantee and Collateral Agreement, and such Schedules are hereby amended and modified to include such information. The Additional Canadian Granting Party hereby represents and warrants that each of the representations and warranties of such Additional Canadian Granting Party, in its capacities as a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor],4 Pledgor],16 contained in Section 4 of the Canadian Guarantee and Collateral Agreement is true and correct in all material respects on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date. Each Additional Canadian Granting Party hereby grants, as and to the same extent as provided in the Canadian Guarantee and Collateral Agreement, to the ABL Collateral Agent, for the benefit of the Secured Parties, a continuing security interest in the [Collateral (as such term is defined in subsection 3.1 of the Canadian Guarantee and Collateral Agreement) of such Additional Canadian Granting Party] [and] [the Pledged Collateral (as such term is defined in the Canadian Guarantee and Collateral Agreement) of such Additional Canadian Granting Party, except as provided in subsection 3.3 of the Canadian Guarantee and Collateral Agreement].

Appears in 1 contract

Samples: Assumption Agreement (Veritiv Corp)

Canadian Guarantee and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Canadian Granting PartyGrantor, as provided in subsection 9.15 Section 9.14 of the Canadian Guarantee and Collateral Agreement, hereby becomes a party to the Canadian Guarantee and Collateral Agreement as a Canadian Granting Party Grantor and Guarantor thereunder with the same force and effect as if originally named therein as a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor]2 Guarantor and, without limiting the generality of the foregoing, hereby expressly agrees to all terms and provisions of the Canadian Guarantee and Collateral Agreement applicable to it as a Grantor and Guarantor thereunder and assumes all obligations and liabilities of a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor]3 Guarantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedules [ ] 1 through 6 to the Canadian Guarantee and Collateral Agreement, and such Schedules are hereby amended and modified to include such information. The Additional Canadian Granting Party Grantor hereby represents and warrants that each of the representations and warranties of such Additional Canadian Granting Party, in its capacities as a [Canadian Guarantor] [Canadian Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor],4 contained in Section 4 of the Canadian Guarantee and Collateral Agreement is true and correct in all material respects on and as of the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date (except for representations and warranties expressly stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date). Each The Additional Canadian Granting Party Grantor hereby grants, as assigns and transfers to the same extent as provided in the Canadian Guarantee Agent, and Collateral Agreement, hereby grants to the ABL Collateral Agent, for the benefit of the Secured Parties, a continuing security interest in all of such Additional Grantor’s right, title and interest in and to all of the [Collateral wherever located and whether now owned or at any time hereafter acquired by such Grantor or in which such Additional Grantor now has or at any time in the future may acquire any right, title or interest, as collateral security for the prompt and complete payment and performance when due (as such term is defined in subsection 3.1 whether at the stated maturity, by acceleration or otherwise) of the Canadian Guarantee and Collateral Agreement) Obligations of such Additional Canadian Granting Party] [and] [the Pledged Collateral (as such term is defined Grantor. Each reference to a “Grantor” or a “Guarantor” in the Canadian Guarantee and Collateral Agreement) of such Agreement shall be deemed to include the Additional Grantor. The Canadian Granting PartyGuarantee and Collateral Agreement is hereby incorporated herein by reference. Except as expressly supplemented hereby, except as provided in subsection 3.3 of the Canadian Guarantee and Collateral Agreement]Agreement shall remain in full force and effect.

Appears in 1 contract

Samples: Intercreditor Agreement (Forterra, Inc.)

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Canadian Guarantee and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Canadian Granting PartyGrantor, as provided in subsection 9.15 of the Canadian Guarantee and Collateral Agreement, hereby becomes a party to the Canadian Guarantee and Collateral Agreement as a Canadian Granting Party Grantor thereunder with the same force and effect as if originally named therein as a Guarantor [Canadian Guarantor] [Canadian , Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor]2 Pledgor]1 and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Guarantor [Canadian Guarantor] [Canadian , Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor]3 Pledgor]2 thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedules [ ] to the Canadian Guarantee and Collateral Agreement, and such Schedules are hereby amended and modified to include such information. The Additional Canadian Granting Party Grantor hereby represents and warrants that each of the representations and warranties of such Additional Canadian Granting PartyGrantor, in its capacities as a Guarantor [Canadian Guarantor] [Canadian , Grantor and Canadian Pledgor] [and Canadian Grantor] [and Canadian Pledgor],4 Pledgor],3 contained in Section 4 of the Canadian Guarantee and Collateral Agreement is true and correct in all material respects on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date. Each Additional Canadian Granting Party Grantor hereby grants, as and to the same extent as provided in the Canadian Guarantee and Collateral Agreement, to the ABL Canadian Collateral Agent, for the benefit of the Secured Parties, a continuing security interest in the [Collateral (as such term is defined in subsection Section 3.1 of the Canadian Guarantee and Collateral Agreement) of such Additional Canadian Granting PartyGrantor] [and] [the Pledged Collateral (as such term is defined in the Canadian Guarantee and Collateral Agreement) of such Additional Canadian Granting PartyGrantor, except as provided in subsection Section 3.3 of the Canadian Guarantee and Collateral Agreement].

Appears in 1 contract

Samples: Credit Agreement (Hd Supply, Inc.)

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