Canadian Law Provisions. (a) For the purposes of the Interest Act (Canada) and disclosure thereunder, whenever any interest or any fee to be paid hereunder or in connection herewith is to be calculated on the basis of a 360-day or 365-day year, the yearly rate of interest to which the rate used in such calculation is equivalent is the rate so used multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by 360 or 365, as applicable. The rates of interest under the Finance Documents are nominal rates, and not effective rates or yields. The principle of deemed reinvestment of interest does not apply to any interest calculation under any Finance Document.
Canadian Law Provisions. For greater certainty, and without limiting the powers of the Collateral Trustee and each other Secured Party acting through its respective Secured Debt Representative hereby acknowledge that the Collateral Trustee is also acting as hypothecary representative of the Secured Parties as contemplated under Article 2692 of the Civil Code of Quebec in order to hold hypothecs and security granted by any Grantor on property pursuant to the laws of the Province of Quebec. The execution by the Collateral Trustee as hypothecary representative prior to this appointment of any deeds of hypothec or other security documents is hereby ratified and confirmed. The appointment of the Collateral Trustee, acting as hypothecary representative, shall be deemed to have been ratified and confirmed by each Person accepting the benefits of the Security Documents. The resignation or removal of the Collateral Trustee and appointment of a successor Collateral Trustee, shall also include its resignation or removal, and appointment, as the case may be, as hypothecary representative without further formality, except the filing of a notice of replacement of hypothecary representative pursuant to Article 2692 of the Civil Code of Quebec.
Canadian Law Provisions. For greater certainty, and without limiting the powers of the Collateral Trustee, each Hedge Provider, each Banking Services Provider and each other Secured Party acting through its respective Secured Debt Representative hereby acknowledge that the Collateral Trustee is also acting as hypothecary representative of the Secured Parties as contemplated under Article 2692 of the Civil Code of Quebec in order to hold hypothecs and security granted by any Grantor on property pursuant to the laws of the Province of Quebec. The execution by the Collateral Trustee as hypothecary representative prior to this appointment of any deeds of hypothec or other security documents is hereby ratified and confirmed. The appointment of the Collateral Trustee, acting as hypothecary representative, shall be deemed to have been ratified and confirmed by each Person accepting the benefits of the Security Documents. The resignation or removal of the Collateral Trustee and appointment of a successor Collateral Trustee, shall also include its resignation or removal, and appointment, as the case may be, as hypothecary representative without further formality, except the filing of a notice of replacement of hypothecary representative pursuant to Article 2692 of the Civil Code of Quebec.
Canadian Law Provisions. For greater certainty, and without limiting the powers of the Collateral Trustee, each Hedge Provider, each Banking Services Provider and each other Secured Party acting through its respective Secured Debt Representative hereby acknowledge that the Collateral Trustee is also acting as hypothecary representative of the Secured Parties as contemplated under Article 2692 of the Civil Code of Quebec in order to hold hypothecs and security granted by any Grantor on property pursuant to the laws of the Province of Quebec. The execution by the Collateral Trustee as hypothecary representative prior to this appointment of any deeds of hypothec or other security documents is hereby ratified and confirmed. The appointment of the Collateral Trustee, acting as hypothecary representative, shall be deemed to have been ratified and confirmed by each Person accepting the benefits of the Security Documents. The resignation or removal of the Collateral Trustee and appointment of a successor Collateral Trustee, shall also include its resignation or removal, and appointment, as the case may be, as hypothecary representative without further formality, except the filing of a notice of replacement of hypothecary representative pursuant to Article 2692 of the Civil Code of Quebec. EXHIBIT A to Collateral Trust Agreement [FORM OF] ADDITIONAL SECURED DEBT DESIGNATION , 20 Reference is made to the Collateral Trust Agreement dated as of April 27, 2017 (as amended, supplemented, amended and restated or otherwise modified and in effect from time to time, the “Collateral Trust Agreement”), among Endo International PLC, a company incorporated under the laws of Ireland (Registered Number 534814) (“Parent”), Endo Luxembourg Finance Company I S.à x.x., a sociéte à responsabilité limitée (private limited liability company) incorporated under the laws of Luxembourg, having its registered office at 0x, xxx Xxxxxxx Xxxx, L-1253 Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B182645, Endo LLC, a limited liability company organized under the laws of Delaware, Endo Xxxxx Inc., a Delaware corporation, Endo Designated Activity Company, a company incorporated under the laws of Ireland, Endo Finance LLC, a Delaware limited liability company, the other Grantors from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent under the Credit Agreement (as defined therein), Xxxxx Fargo Bank, National Association, as Indenture Trustee, and ...
