Common use of Application under the CCAA Clause in Contracts

Application under the CCAA. The Borrower acknowledges that its business and financial relationships with the Agent and the Lenders are unique from its relationship with any other of its creditors. The Borrower agrees that it shall not file any plan of arrangement under the Companies’ Creditors Arrangement Act (the “CCAA Plan”) which provides for, or would permit, directly or indirectly, the Agent or the Lenders to be classified in the same class with any other creditor of the Credit Parties for purposes of such CCAA Plan.

Appears in 3 contracts

Samples: Credit Agreement (Mercer International Inc.), Credit Agreement (Mercer International Inc.), Credit Agreement (BlueLinx Holdings Inc.)

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Application under the CCAA. The Borrower acknowledges that its business and financial relationships with the Administrative Agent and the Lenders are unique from its relationship with any other of its creditors. The Borrower agrees that it shall not file any plan of arrangement under the Companies’ Creditors Arrangement Act (the “CCAA Plan”) which provides for, or would permit, directly or indirectly, the Administrative Agent or the Lenders to be classified in the same class with any other creditor of the Credit Parties for purposes of such CCAA Plan.

Appears in 1 contract

Samples: Credit Agreement (SSR Mining Inc.)

Application under the CCAA. The Borrower acknowledges that its business and financial relationships with the Administrative Agent and the Lenders are unique from its relationship with any other of its creditors. The Borrower agrees that it shall not file any plan of arrangement under the Companies’ Creditors Arrangement Act (the “CCAA Plan”) which provides for, or would permit, directly or indirectly, the Administrative Agent or the Lenders to be classified in the same class with any other creditor of the Credit Parties for purposes of such CCAA Plan.

Appears in 1 contract

Samples: Credit Agreement (SSR Mining Inc.)

Application under the CCAA. The Borrower acknowledges that its business and financial relationships with the Agent Agent, the Co-Collateral Agents and the Lenders are unique from its relationship with any other of its creditors. The Borrower agrees that it shall not file any plan of arrangement under the Companies’ Creditors Arrangement Act CCAA (the “CCAA Plan”) which provides for, or would permit, directly or indirectly, the Agent Agent, the Co-Collateral Agents or the Lenders to be classified in the same class with any other creditor of the Credit Loan Parties for purposes of such CCAA PlanPlan or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Sears Canada Inc.)

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Application under the CCAA. The Borrower acknowledges that its business and financial relationships with the Agent and the Lenders are unique from its relationship with any other of its creditors. The Borrower agrees that it shall not file file, consent to or support any plan of arrangement under the Companies’ Creditors Arrangement Act CCAA, proposal under the BIA or any similar statutory provision (the “CCAA Plan”) which provides for, or would permit, directly or indirectly, the Agent or the Lenders to be classified in the same class with any other creditor of the Credit Loan Parties for purposes of such CCAA PlanPlan or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Sears Canada Inc.)

Application under the CCAA. The Each of the Borrower and the General Partner acknowledges that its business and financial relationships with the Agent and the Lenders Investors are unique from its relationship with any other of its creditors. The Borrower agrees that it shall not file any plan of arrangement under the Companies’ Creditors Arrangement Act (the “CCAA Plan”) which provides for, or would permit, directly or indirectly, the Agent or the Lenders Investors to be classified in the same class with any other creditor of the Credit Parties Borrower or the General Partner for purposes of such CCAA Plan.

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (Algoma Steel Group Inc.)

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