Canadian Subsidiary definition

Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

Canadian Subsidiary each Subsidiary of Parent Borrower that is incorporated or organized under the laws of Canada or any province thereof.

Canadian Subsidiary means a Subsidiary of Canadian Borrower.

Examples of Canadian Subsidiary in a sentence

• The term "Company" shall mean a particular directly or indirectly owned Canadian Subsidiary Company of General Motors Company which has determined to participate in the Program.

• Except as otherwise required by applicable law, the New Buyer Employees shall cease to participate in or accrue further benefits as active employees of the Seller or the Canadian Subsidiary under the Employee Benefit Plans effective as of the Closing Date (or, in the case of any On-Leave Business Employee who becomes a New Buyer Employee, such later date as of which such employee becomes a New Buyer Employee).

• No provision of this Agreement (including, for the avoidance of doubt, Section 6.1(d)) shall create any third party beneficiary rights in any New Buyer Employee, Canadian Employee, or former employee of the Seller with respect to the Business or former employee of the Canadian Subsidiary in respect of continued employment (or resumed employment) or any other matter.

• No Canadian Subsidiary shall permit its unfunded pension fund and other employee benefit plan obligations and liabilities to remain unfunded other than in accordance with Requirements of Law.

• Except for laws relating to Taxes, employment matters, and employee benefits, which shall be governed exclusively by Sections 2.5, 2.12 and 2.13, respectively, with respect to the Business, each of the Seller and the Canadian Subsidiary is in compliance in all material respects with all applicable laws (including rules and regulations thereunder) of any federal, state, provincial or foreign government, currently in effect with respect to the Business.

More Definitions of Canadian Subsidiary

Canadian Subsidiary means, with respect to any Person, any Subsidiary (which may be a corporation, limited liability company, partnership or other legal entity) organized under the laws of Canada or one of the Provinces or Territories of Canada.

Canadian Subsidiary means any Subsidiary of the Company organized now or hereinafter under the laws of Canada or a province or territory thereof.

Canadian Subsidiary means any Subsidiary of the Company that has been formed or is organized under the laws of Canada or any province or territory thereof.

Canadian Subsidiary of any Person shall mean any Subsidiary of such Person incorporated, organized, or established or resident for the purposes of the Income Tax Act (Canada) as amended, in Canada or any province or territory thereof.

Canadian Subsidiary means any Subsidiary of the U.S. Borrower that is organized under the laws of Canada or any province or territory thereof.

Canadian Subsidiary means any Restricted Subsidiary of the Lead Borrower organized now or hereinafter under the laws of Canada or a province or territory thereof.

Canadian Subsidiary means any one of the foregoing Persons.