Examples of Canadian Agents in a sentence
After any retiring Canadian Agent's resignation hereunder the provisions of this Article IX shall continue to inure to its benefit as to any actions taken or omitted to be taken by it while it was Canadian Agent under the Canadian Loan Documents.
A successor must be appointed for any retiring Canadian Agent, and such Canadian Agent's resignation shall become effective when such successor accepts such appointment.
If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent's or, as the case may be, the Canadian Agent's demand therefor, the Administrative Agent or the Canadian Agent, as the case may be, will promptly notify the applicable Borrower and such Borrower shall immediately pay such corresponding amount to the Administrative Agent or the Canadian Agent, as the case may be.
Grantor acknowledges that the purpose of this Section is to provide non-exhaustive indications of what actions or omissions by Canadian Agent would not be commercially unreasonable in the Canadian Agent's exercise of remedies against the Collateral and that other actions or omissions by Canadian Agent shall not be deemed commercially unreasonable solely on account of not being indicated in this Section 6.11.
Each payment under a Canadian Loan Document shall be due and payable at the place provided therein and, if no specific place of payment is provided, shall be due and payable at the place of payment of Canadian Agent's Canadian Note.
Once any such notice has been given to any Account Debtor or other Person obligated on the Collateral, Grantor shall not give any contrary instructions to such Account Debtor or other Person without Canadian Agent's prior written consent.
Canadian Agent may grant extensions of time and other indulgences, take and give up security, accept compositions, compound, compromise, settle, grant releases and discharges and otherwise deal with Grantor, debtors of Grantor, any other Credit Party, sureties and others and with Collateral and other security as Canadian Agent may see fit without prejudice to the liability of Grantor or Canadian Agent's right to hold and realize the Security Interest.
The powers conferred on Canadian Agent, for the benefit of Canadian Agent and Canadian Lenders, under the Power of Attorney are solely to protect Canadian Agent's interests (for the benefit of Canadian Agent and Canadian Lenders) in the Collateral and shall not impose any duty upon Canadian Agent or any Canadian Lender to exercise any such powers.
Furthermore, none of Canadian Agent or Canadian Lenders shall have any obligation to take any steps to preserve rights against prior parties to any Instrument or Chattel Paper, whether Collateral or proceeds and whether or not in Canadian Agent's or any Canadian Lender's possession, and shall not be liable or accountable for failure to do so.
A Competitive Bid Request that does not conform substantially to the format of Exhibit I may be rejected in Canadian Agent's sole discretion, and Canadian Agent shall promptly notify the applicable Canadian Borrower of such rejection by facsimile.