Common use of Location of Assets in Other Jurisdictions Clause in Contracts

Location of Assets in Other Jurisdictions. Except for Assets in transit to the Borrower or temporarily with repairers or any Assets being delivered to a customer in the ordinary course of business of the Borrower as part of the performance of its obligations, the Borrower will not: (A) locate or store any Assets with a market value (either individually or in the aggregate) of more than $2,000,000 in any single jurisdiction not identified in Schedule 7.1.19 or (B) move any Assets from one jurisdiction to another jurisdiction where the location, storage, acquisition or movement, as the case may be, of such Assets to that jurisdiction would result in (1) Assets being located in a single jurisdiction with a market value (either individually or in aggregate) of more than $2,000,000 that are not subject to the Lien of the Security or (2) cause the Lien of Security over such Assets to cease to be perfected under Applicable Law, unless (x) the Borrower has first given thirty (30) days prior written notice thereof to the Lender, and (y) the Borrower has first executed and delivered to the Lender all Security and all financing or registration statements in form and substance satisfactory to the Lender which the Lender or its counsel, acting reasonably, from time to time deem necessary or advisable to ensure that the Security at all times constitutes a perfected first priority Lien (subject only to Permitted Encumbrances) over such Assets notwithstanding the storage, movement or location of such Assets as aforesaid together with such supporting certificates, resolutions, opinions and other documents as the Lender (acting reasonably) may deem necessary or desirable in connection with such security and registrations.

Location of Assets in Other Jurisdictions. Except for Assets in transit to In the case of the Borrower and each Material Subsidiary and except for Production Machinery valued at up to US$4,000,000, inventory being processed by manufacturers or temporarily with repairers or located at nuclear power plants outside of Canada, Property purchased (but not yet delivered) and any Assets being delivered to a customer Property in transit, all in the ordinary course of business business, acquire any Property outside of the Borrower as part of the performance of its obligations, the Borrower will not: (A) locate or store any Assets with a market value (either individually or in the aggregate) of more than $2,000,000 in any single jurisdiction not jurisdictions identified in Schedule 7.1.19 9.01(18) or (Ba) move any Assets such Property from one jurisdiction to another jurisdiction where the location, storage, acquisition or movement, as the case may be, movement of such Assets to that jurisdiction Property would result in (1) Assets being located in a single jurisdiction with a market value (either individually or in aggregate) of more than $2,000,000 that are not subject to cause the Lien Encumbrance of the Security or (2) cause the Lien of Security over such Assets Property to cease to be perfected under Applicable Requirements of Law, or (b) other than Property of a Restricted Subsidiary that is not required to provide Security over its Property in accordance with Section 10.04(17), suffer or permit in any other manner any of its Property to not be subject to the Encumbrance of the Security or to be or become located in a jurisdiction as a result of which the Encumbrance of Security over such Property is not perfected, unless (xi) the Borrower applicable Obligor has first given thirty (30) days prior written notice thereof to the LenderAgent, and (yii) the Borrower applicable Obligor has first executed and delivered to the Lender Agent all Security and all financing or registration statements in form and substance satisfactory to the Lender Agent which the Lender Agent or its counsel, acting reasonably, from time to time deem necessary or advisable to ensure that the Security at all times constitutes a perfected first priority Lien Encumbrance (subject only to Permitted Encumbrances) over such Assets Property notwithstanding the storage, movement or location of such Assets Property as aforesaid together with such supporting certificates, resolutions, opinions and other documents as the Lender (acting reasonably) Agent may deem necessary or desirable reasonably require in connection with such security and registrations.

Location of Assets in Other Jurisdictions. Except for Assets in transit to the Borrower or temporarily with repairers or any Assets Property being delivered to a customer in the ordinary course of business of the Borrower such Restricted Party as part of the performance of its obligations, or the Borrower will not: (A) locate or store any Assets provision of its services, to such customer under a contract entered into with a market value (either individually or such customer in the aggregate) ordinary course of more than $2,000,000 business of such Restricted Party, move any Property from a jurisdiction in which the Encumbrance of the Security over such Property is perfected to a jurisdiction where such Encumbrance is not perfected or where, after a temporary period allowing for registration in such other jurisdiction, such Encumbrance could become unperfected, or suffer or permit in any single jurisdiction other manner any of its Property to not identified in Schedule 7.1.19 or (B) move any Assets from one jurisdiction to another jurisdiction where the location, storage, acquisition or movement, as the case may be, of such Assets to that jurisdiction would result in (1) Assets being located in a single jurisdiction with a market value (either individually or in aggregate) of more than $2,000,000 that are not be subject to the Lien Encumbrance of the Security or (2) cause to be or become located in a jurisdiction in which the Lien Encumbrance of the Security over such Assets to cease to be perfected under Applicable LawProperty is not perfected, unless (x) the Borrower applicable Restricted Party has first (a) given thirty (30) days prior written notice thereof to the Lender, and (yb) the Borrower has first executed and delivered to the Lender all Security and all financing or registration statements in form and substance satisfactory to the Lender which that the Lender or its counsel, acting reasonably, from time to time deem necessary or advisable to ensure that the Security at all times constitutes a perfected first priority Lien Encumbrance (subject only to Permitted Encumbrances) over such Assets notwithstanding the storage, movement or location of Property in such Assets as aforesaid jurisdiction together with such supporting certificates, resolutions, opinions and other documents as the Lender (Lender, acting reasonably) , may deem necessary or desirable in connection with such security and registrations.

Location of Assets in Other Jurisdictions. Except for Assets No Obligor shall, except in transit to the Borrower or temporarily with repairers or any Assets case of Property being delivered to a customer in the ordinary course of business of the Borrower as part of the performance of its obligations, or the Borrower will not: provision of its services, under a contract entered into with that customer, (A) locate or store any Assets with a market value (either individually or in the aggregate) of more than $2,000,000 in any single jurisdiction not identified in Schedule 7.1.19 or (B1) move any Assets Property from one a jurisdiction to another jurisdiction where in which the location, storage, acquisition or movement, as the case may be, of such Assets to that jurisdiction would result in (1) Assets being located in a single jurisdiction with a market value (either individually or in aggregate) of more than $2,000,000 that are not subject to the Lien Encumbrance of the Security over such Property is perfected to a jurisdiction where that Encumbrance is not perfected or where, after a temporary period allowing for registration in such other jurisdiction, that Encumbrance could become unperfected, or (2) cause the Lien suffer or permit in any other manner any of Security over such Assets its Property to cease not be subject to that Encumbrance or to be perfected under Applicable Lawor become located in a jurisdiction in which that Encumbrance is not perfected, unless unless: (xa) the Borrower Obligor has first given thirty (30) days prior written notice thereof to the Lender, and ; and (yb) the Borrower applicable Obligor has first executed and delivered to the Lender all Security and all financing or registration statements deemed necessary or admissible by, and in form and substance satisfactory to the Lender which or the Lender or Lender's Counsel in its counselsole discretion, acting reasonably, from time to time deem necessary or advisable to ensure that the Security at all times constitutes a perfected first priority Lien Encumbrance (subject only to Permitted Encumbrances) over such Assets notwithstanding the storageProperty in such jurisdiction, movement or location of such Assets as aforesaid together with such any supporting certificates, resolutions, opinions and other documents as the Lender (acting reasonably) or the Lender's Counsel may deem necessary or desirable in its sole discretion, acting reasonably, in connection with such security and registrations.