Authorization for Quebec Security Sample Clauses

Authorization for Quebec Security. For greater certainty, and without limiting the powers of the Agent hereunder or under any of the Security Documents, DBF hereby acknowledges that the Agent shall, for purposes of holding any security granted by DBF on DBF's property pursuant to the laws of the Province of Quebec, be the holder of an irrevocable power of attorney (within the meaning of the Civil Code of Quebec) for all present and future Lenders, and in particular for all present and future holders of any debenture described in Exhibit I-4. Each of the Lenders hereby irrevocably constitutes, to the extent necessary, the Agent as the holder of an irrevocable power of attorney (within the meaning of Article 2692 of the Civil Code of Quebec) in order to hold security granted by DBF in the Province of Quebec. Any assignee of any Lender shall be deemed to have confirmed and ratified the constitution of the Agent as the holder of such irrevocable power of attorney by execution of the relevant Assignment and Assumption agreement. Notwithstanding the provisions of Section 32 of the Special Corporate Powers Act (Quebec), the Agent may acquire and be the holder of any debenture issued by DBF as contemplated under any of the Security Documents at any time and from time to time. DBF hereby acknowledges that any such debenture constitutes a title of indebtedness, as such term is used in Article 2692 of the Civil Code of Quebec. * * * 113
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Authorization for Quebec Security. For greater certainty, and --------------------------------- without limiting the powers of the Canadian Administrative Agent hereunder or under any of the Canadian Security Documents, each Canadian Subsidiary of the Borrower hereby acknowledges that the Canadian Administrative Agent shall, for purposes of holding any security granted by such Canadian Subsidiary of the Borrower on its property pursuant to the laws of the Province of Quebec, be the holder of an irrevocable power of attorney (within the meaning of the Civil Code of Quebec) for all present and future C$ Lenders, and in particular for all present and future holders of any debenture executed and delivered by any Canadian Subsidiary of the Borrower. Each of the C$ Lenders hereby irrevocably constitutes, to the extent necessary, the Canadian Administrative Agent as the holder of an irrevocable power of attorney (within the meaning of the Civil Code of Quebec) in order to hold security granted by any Canadian Subsidiary of the Borrower in the Province of Quebec. Any Assignee of C$ Loans shall be deemed to have confirmed and ratified the constitution of the Canadian Administrative Agent as the holder of such irrevocable power of attorney by execution of the relevant Assignment and Acceptance substantially in the form of Exhibit G. Notwithstanding the provisions of Section 32 of the Special Corporate Powers Act (Quebec), the Canadian Administrative Agent may acquire and be the holder of any debenture issued by any Canadian Subsidiary of the Borrower as contemplated under any of the Canadian Security Documents at any time and from time to time. Each Canadian Subsidiary of the Borrower hereby acknowledges that any such debenture constitutes a title of indebtedness, as such term is used in Article 2692 of the Civil Code of Quebec."
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Authorization for Quebec Security. (1) For greater certainty and without limiting the powers of the Indenture Trustee herein and for purposes of constituting security on any of the Trust’s property in the Province of Quebec as security for the due payment of all Obligations Secured and the performance by the Trust of all of the obligations of the Trust contained herein, the Trust and the Indenture Trustee hereby acknowledge that the Indenture Trustee shall, for purposes of holding any security granted by the Trust on any of the Trust’s property pursuant to the laws of Quebec, be the holder of an irrevocable power of attorney for all present and future Specified Creditors. The Indenture Trustee hereby agrees to act in such capacity for the benefit of all present and future Specified Creditors for purposes of holding any security on any of the Trust’s property. The purchase of any Note by any Noteholder shall constitute ratification by such Noteholder of the power of attorney of the Indenture Trustee constituted hereunder and the incurrence of any debt by the Trust with the other Specified Creditors pursuant to the applicable Programme Agreement shall constitute such ratification by such Specified Creditor of such power of attorney constituted hereunder. (2) The Indenture Trustee hereby authorizes and, to the extent necessary, grants a mandate to the Trust to enable the Trust, in the ordinary course of business, to radiate or reduce registrations at the Register of personal and movable real rights in respect of any personal or movable real rights in favour of the Trust and associated with any of the Asset Interests. The Trust may delegate its xxxxxx hereunder to a third party. Such mandate shall terminate automatically upon the occurrence of a Related Event of Possession.
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Authorization for Quebec Security. 113 12.20 Acknowledgement Regarding Canadian General Guaranty.. 113
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Authorization for Quebec Security. FOR GREATER CERTAINTY, AND --------------------------------- WITHOUT LIMITING THE POWERS OF THE CANADIAN ADMINISTRATIVE AGENT HEREUNDER OR UNDER ANY OF THE CANADIAN SECURITY DOCUMENTS, EACH CANADIAN SUBSIDIARY OF THE BORROWER HEREBY ACKNOWLEDGES THAT THE CANADIAN ADMINISTRATIVE AGENT SHALL, FOR PURPOSES OF HOLDING ANY SECURITY GRANTED BY SUCH CANADIAN SUBSIDIARY OF THE BORROWER ON ITS PROPERTY PURSUANT TO THE LAWS OF THE PROVINCE OF QUEBEC, BE THE HOLDER OF AN IRREVOCABLE POWER OF ATTORNEY (WITHIN THE MEANING OF THE CIVIL CODE OF QUEBEC) FOR ALL PRESENT AND FUTURE C$ LENDERS, AND IN PARTICULAR FOR ALL PRESENT AND FUTURE HOLDERS OF ANY DEBENTURE EXECUTED AND DELIVERED BY ANY CANADIAN SUBSIDIARY OF THE BORROWER. EACH OF THE C$ LENDERS HEREBY IRREVOCABLY CONSTITUTES, TO THE EXTENT NECESSARY, THE CANADIAN ADMINISTRATIVE AGENT AS THE HOLDER OF AN IRREVOCABLE POWER OF ATTORNEY (WITHIN THE MEANING OF THE CIVIL CODE OF QUEBEC) IN ORDER TO HOLD SECURITY GRANTED BY ANY CANADIAN SUBSIDIARY OF THE BORROWER IN THE PROVINCE OF QUEBEC. ANY ASSIGNEE OF C$ LOANS SHALL BE DEEMED TO HAVE CONFIRMED AND RATIFIED THE CONSTITUTION OF THE CANADIAN ADMINISTRATIVE AGENT AS THE HOLDER OF SUCH IRREVOCABLE POWER OF 108 ATTORNEY BY EXECUTION OF THE RELEVANT ASSIGNMENT AND ACCEPTANCE SUBSTANTIALLY IN THE FORM OF EXHIBIT G. NOTWITHSTANDING THE PROVISIONS OF SECTION 32 OF THE SPECIAL CORPORATE POWERS ACT (QUEBEC), THE CANADIAN ADMINISTRATIVE AGENT MAY ACQUIRE AND BE THE HOLDER OF ANY DEBENTURE ISSUED BY ANY CANADIAN SUBSIDIARY OF THE BORROWER AS CONTEMPLATED UNDER ANY OF THE CANADIAN SECURITY DOCUMENTS AT ANY TIME AND FROM TIME TO TIME. EACH CANADIAN SUBSIDIARY OF THE BORROWER HEREBY ACKNOWLEDGES THAT ANY SUCH DEBENTURE CONSTITUTES A TITLE OF INDEBTEDNESS, AS SUCH TERM IS USED IN ARTICLE 2692 OF THE CIVIL CODE OF QUEBEC.
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Authorization for Quebec Security. For greater certainty and without limiting the powers of the Indenture Trustee herein and for purposes of constituting security on any of the Issuer's property in the Province of Quebec as security for the due payment of all Obligations Secured and the performance by the Issuer of all of the obligations of the Issuer contained herein, the Issuer and the Indenture Trustee hereby acknowledge that the Indenture Trustee shall, for purposes of holding any security granted by the Issuer on any of the Issuer's property pursuant to the laws of Quebec, be the hypothecary representative for all present and future Specified Creditors and other creditors to whom amounts are payable by the Issuer under this Indenture or any Indenture Supplement relating to the Notes. The Indenture Trustee hereby agrees to act in such capacity for the benefit of all present and future Specified Creditors for purposes of holding any security on any of the Issuer's property. The purchase of any Note by any Noteholder shall constitute ratification by such Noteholder of the power of attorney of the Indenture Trustee constituted hereunder and the incurrence of any debt by the Trust with the other Specified Creditors pursuant to the applicable Transaction Document shall constitute such ratification by such Specified Creditor of such power of attorney constituted hereunder.
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Related to Authorization for Quebec Security

  • Authorization for Leave The Chief Superintendent or designee shall be authorized to grant leaves in accordance with the Adoptive Leave Section, with the exception that additional leave requested in accordance with Section 3.6 shall require approval of the Board.

  • Authorization to File Borrower hereby authorizes Bank to file UCC financing statements without notice to Borrower, with all appropriate jurisdictions, as Bank deems appropriate, in order to further perfect or protect Bank’s interest in the Collateral, including a notice that any disposition of the Collateral, by either the Borrower or any other Person, shall be deemed to violate the rights of the Bank under the Code.

  • Authorization to File Financing Statements; Ratification Such Grantor hereby authorizes the Collateral Agent to file, and if requested will deliver to the Collateral Agent, all financing statements and other documents and take such other actions as may from time to time be requested by the Collateral Agent in order to maintain a first priority perfected security interest in and, if applicable, Control of, the Collateral owned by such Grantor. Any financing statement filed by the Collateral Agent may be filed in any filing office in any UCC jurisdiction and may (i) indicate such Grantor’s Collateral (1) as all assets of the Grantor or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC or such jurisdiction, or (2) by any other description which reasonably approximates the description contained in this Security Agreement, and (ii) contain any other information required by part 5 of Article 9 of the UCC for the sufficiency or filing office acceptance of any financing statement or amendment, including (A) whether such Grantor is an organization, the type of organization and any organization identification number issued to such Grantor, and (B) in the case of a financing statement filed as a fixture filing or indicating such Grantor’s Collateral as as-extracted collateral or timber to be cut, a sufficient description of real Property to which the Collateral relates. Such Grantor also agrees to furnish any such information to the Collateral Agent promptly upon request. Such Grantor also ratifies its authorization for the Collateral Agent to have filed in any UCC jurisdiction any initial financing statements or amendments thereto if filed prior to the date hereof.

  • Authorization Warranty Contractor represents and warrants that the person executing this Contract on behalf of and for Contractor is an authorized agent who has actual authority to bind Contractor to each and every term, condition, and obligation of this Contract and that all requirements of Contractor have been fulfilled to provide such actual authority.

  • Authorization, Etc This Agreement and the Notes have been duly authorized by all necessary corporate action on the part of the Company, and this Agreement constitutes, and upon execution and delivery thereof each Note will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

  • Authorization for Agreement The execution and performance of this ---------------------------- Agreement by Licensee and Manager have been duly authorized by all necessary laws, resolutions or corporate action, and this Agreement constitutes the valid and enforceable obligations of Licensee and Manager in accordance with its terms except as such enforceability may be limited by creditors rights laws and general principles of equity.

  • Authorization and Consent The Government has given its authorization and consent for all use and manufacture of any invention described in and covered by a patent of the United States in the performance of this Agreement or any part hereof or any amendment hereto or any subcontract hereunder (including any lower-tier subcontract) which is expected to exceed $100,000.

  • Authorization of Overtime All overtime work must be authorized by the employee's immediate Manager.

  • Overtime Authorization All overtime will be authorized in advance by the

  • Authorization to File Financing Statements Borrower hereby authorizes Bank to file financing statements, without notice to Borrower, with all appropriate jurisdictions to perfect or protect Bank’s interest or rights hereunder, including a notice that any disposition of the Collateral, by either Borrower or any other Person, shall be deemed to violate the rights of Bank under the Code. Such financing statements may indicate the Collateral as “all assets of the Debtor” or words of similar effect, or as being of an equal or lesser scope, or with greater detail, all in Bank’s discretion.

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