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.)

AutoNDA by SimpleDocs

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.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.