Canadian Defined Benefit Plan definition

Canadian Defined Benefit Plan means a Canadian Pension Plan, which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the ITA.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Canadian Defined Benefit Plan means a pension plan for the purposes of any applicable pension benefits standards statute or regulation in Canada, which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the Income Tax Act (Canada).

Canadian Defined Benefit Plan means a Foreign Pension Plan which is subject to registration under the PBA or other applicable pension standard legislation in Canada and which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the Income Tax Act (Canada).

Examples of Canadian Defined Benefit Plan in a sentence

• No Loan Party will contribute to, sponsor, administer or have any liability in relation to a new Canadian Defined Benefit Plan, other than Canadian Defined Benefit Plans acquired pursuant to an Acquisition where the wind-up deficiency at the time of Acquisition, if any, would not reasonably be expected to have a Material Adverse Effect.

• The hypothetical wind-up deficiency, going concern deficiencydeficit and solvency deficiency of 208 1254948.01A-CHISR02A1306028.06-NYCSR02A - MSW each Canadian Pension Plan that is a Canadian Defined Benefit Plan as of the date of the most recently filed actuarial valuation is set out in Schedule 3.17 to Amendment No. 1014 or has otherwise been disclosed to the Administrative Agent.

• The hypothetical wind-up deficiency, going concern deficit and solvency deficiency of each Canadian Pension Plan that is a Canadian Defined Benefit Plan as of the date of the most recently filed actuarial valuation has been disclosed to the Administrative Agent.

More Definitions of Canadian Defined Benefit Plan

Canadian Defined Benefit Plan means a Canadian Pension Plan which contains a “defined benefit provision”, as that term is defined in subsection 147.1(1) of the ITA.

Canadian Defined Benefit Plan means a “registered pension plan”, as that term is defined in subsection 248(1) of the Income Tax Act (Canada), which is or was sponsored, administered o contributed to, or required to be contributed to by, a Canadian Securitization Entity or any member of a Controlled Group that includes a Canadian Securitization Entity under which such Canadian Securitization Entity or member of a Controlled Group that includes a Canadian Securitization Entity has any actual or potential liability, and which contains a “defined benefit provision”, as defined in subsection 147.1(1) of the Income Tax Act (Canada).

Canadian Defined Benefit Plan means a pension plan registered under the Income Tax Act, the Pension Benefits Act (Ontario) or any other applicable pension standards legislation in Canada which contains a “defined benefit provision”, as such term is defined in subsection 147.1(1) of the Income Tax Act.

Canadian Defined Benefit Plan means any “registered pension plan”, as that term is defined in subsection 248(1) of the Income Tax Act (Canada), which is or was sponsored, administered or contributed to, or required to be contributed to by, any Obligor or under which any Obligor has any actual or potential liability, and which contains a “defined benefit provision”, as defined in subsection 147.1(1) of the Income Tax Act (Canada).

Canadian Defined Benefit Plan means a pension plan registered under the Income Tax Act (Canada), the Pension Benefits Act (Ontario) or any other applicable pension standards

Canadian Defined Benefit Plan means a Canadian Pension Plan, which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the Canadian Tax Act.

Canadian Defined Benefit Plan means a Canadian Pension Plan, which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the ITA. “Canadian Delay Draw Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Delay Draw Term Loans in U.S. Dollars to the Canadian Borrower in accordance with Section 2.01(b). “Canadian Economic Sanctions and Export Control Laws” means any Canadian laws, regulations or orders governing transactions in controlled goods or technologies or dealings with countries, entities, organizations, or individuals subject to economic sanctions and similar measures. “Canadian Guaranteed Obligation” has the meaning assigned to such term in Section 11.01. “Canadian Guarantor” means each Restricted Subsidiary of the Canadian Borrower that is listed on the signature pages hereto as a Canadian Guarantor or that becomes a party hereto as a Canadian Guarantor pursuant to Section 5.14, in each case, until such Subsidiary’s Canadian Guaranty is released in accordance herewith. “Canadian Guaranty” means Article XI of this Agreement. 6 12572717