Canada Sub definition
Examples of Canada Sub in a sentence
As soon as practicable after the date hereof, Parent shall organize Canada Sub, Bid Sub and Merger Sub in accordance with applicable Law.
Each of Seller and Canada Sub has all necessary corporate power and authority to execute and deliver this Agreement and each other Transaction Document to which Seller or Canada Sub is or, at the Closing, will become a party and to perform its obligations under this Agreement and each such other Transaction Document, and to consummate the Transactions.
Section 1.956-2(c)(2)) in each Foreign Subsidiary (other than Canada Sub, so long as Canada Sub is a “Loan Party” hereunder) directly owned by such Loan Party or any domestic Subsidiary to be subject at all times to a first priority, perfected Lien in favor of the Administrative Agent pursuant to the terms and conditions of the Loan Documents or other security documents as the Administrative Agent shall reasonably request.
Prior to the Closing Date, Seller or Canada Sub shall terminate such employees of Canada Sub as shall be set forth on a schedule to be provided to Seller not later than ten (10) days prior to the Effective Time; provided, however, that such number of terminated employees shall not be greater than forty-nine (49).
TO HUMAN RESOURCES DEVELOPMENT CANADA, SUB PROGRAM The Company will notify in writing the Human Resources Development Canada Sub Program thirty (30) days following the effective date of a change to the plan.
The Buyer Indemnified Parties’ rights to indemnification pursuant to this Article X will not be affected by the knowledge of, or any investigation undertaken or made by, Parent, US Sub, Canada Sub or any of their respective directors, officers, employees, consultants, agents, accountants, attorneys or other representatives, Affiliates, successors or assigns prior to the Closing.
Seller and each other Seller Entity shall have performed, in all material respects, all of their respective obligations required to be performed by each of them under this Agreement at or prior to the Closing (except that Seller and Canada Sub shall have complied with the covenant in Section 7.7(e) in all respects).
Each of Parent, US Sub and Canada Sub represents and warrants to Sellers that the statements contained in this Article V are true, correct and complete as of the Closing Date.
Each of Canada Sub, the other Loan Parties and their respective Subsidiaries is in compliance with the requirements of the Pension Benefits Standards Act (British Columbia) and other federal or provincial laws with respect to each Canadian Pension Plan, except where the failure to so comply would not reasonably be expected to have a Material Adverse Effect.
Since December 26, 2014 (the “Company Balance Sheet Date”), (i) the business of the Company and the Canada Sub has been conducted in all material respects in the ordinary course consistent with past practice, except for actions taken pursuant to this Agreement in connection with the consummation of the Merger, and (ii) the Company has not had a Material Adverse Effect that is continuing.