Canadian Grantor definition

Canadian Grantor means the Grantors that are organized under the law of Canada or any province or territory thereof.
Canadian Grantor the Canadian Borrower and any other Canadian Subsidiary of the Parent Borrower (other than any Excluded Subsidiary) that becomes a party hereto from time to time after the date hereof.
Canadian Grantor means a Grantor that is a Canadian Subsidiary.

Examples of Canadian Grantor in a sentence

  • Such Canadian Grantor has not given any account debtor any deduction in respect of the amount due under any such Account, except in the ordinary course of business, as otherwise permitted by the Loan Documents or as such Canadian Grantor may otherwise advise the Administrative Agent in writing.

  • Such Canadian Grantor shall not permit any other Person to possess any such Collateral at any time other than in connection with any sale or other disposition of such Collateral in a transaction permitted by the ABL Credit Agreement.

  • Unless otherwise indicated in writing to the Administrative Agent, each Account Receivable of such Canadian Grantor arises out of a bona fide sale and delivery of goods or rendition of services by such Canadian Grantor.

  • To the extent permitted by law, subject to the terms of any applicable Intercreditor Agreement, the ABL Collateral Agent or any other Secured Party shall have the right, upon any such sale or sales, to purchase the whole or any part of the Security Collateral so sold, free of any right or equity of redemption in such Canadian Grantor, which right or equity is hereby waived and released.

  • The Lien shall attach to all Collateral (or in the case of a Canadian Pledgor, Pledged Collateral) owned by each corporation amalgamating with a Canadian Grantor, and by the amalgamated corporation, at the time of the amalgamation, and shall attach to all Collateral (or in the case of a Canadian Pledgor, Pledged Collateral) thereafter owned or acquired by the amalgamated corporation when such becomes owned or is acquired.


More Definitions of Canadian Grantor

Canadian Grantor means the Canadian Borrower and each other Loan Party that is organized under the laws of Canada or any province or territory thereof. The undersigned, a Financial Officer of the U.S. Borrower and a Financial Officer of the Canadian Borrower, each hereby certifies to the Administrative Agent and each other Secured Party as follows:
Canadian Grantor means the Canadian Borrower, Xxxxxxxxxxxx Canadian Investments, L.P., a Quebec limited partnership and Xxxxxxxxxxxx Canada Holdings Inc., an Alberta corporation.
Canadian Grantor means a Grantor that is a Canadian Loan Party.
Canadian Grantor shall have the meaning assigned to such term in the preamble hereto.
Canadian Grantor means each of the Canadian Borrowers and the Canadian Subsidiary Guarantors, and “Canadian Grantors” means all of them.
Canadian Grantor has the meaning set forth in the preamble above.
Canadian Grantor means the Canadian Borrower and any other Loan ---------------- Party that becomes an additional Grantor in accordance with Section 7.16 and may from time to time have Obligations outstanding to a Canadian Lender, the Canadian Agent or the Canadian Collateral Agent.