Common use of Canadian Subsidiaries Clause in Contracts

Canadian Subsidiaries. Borrowers shall not conduct or allow business operations to be conducted in its 2 Canadian subsidiaries, Vetinsurance Holding Company, ULC and Vetinsurance, Ltd. Neither Vetinsurance Holding Company, ULC nor Vetinsurance, Ltd. shall hold more than $50,000 in current assets.

Appears in 3 contracts

Samples: Credit Agreement (Trupanion Inc.), Credit Agreement (Trupanion Inc.), Credit Agreement (Trupanion Inc.)

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Canadian Subsidiaries. Borrowers Borrower shall not conduct or allow no business operations to be conducted in its 2 Canadian subsidiaries, subsidiaries Vetinsurance Holding Company, ULC (Canada) and Vetinsurance, Vetinsurance Ltd. (Canada). Neither Vetinsurance Holding Company, ULC (Canada) nor Vetinsurance, Vetinsurance Ltd. (Canada) shall hold more than $50,000 in current assets.

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Trupanion Inc.), Loan and Security Agreement (Trupanion Inc.)

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