Canadian Asset Sale definition

Canadian Asset Sale means the sale of the Canadian Assets to Canadian Newco pursuant to the Asset Purchase Agreement, in accordance with the terms of the CCAA Vesting Order, this Plan, the Confirmation Order, and the CCAA Sanction Order, free and clear of all Liens, Claims, interests and encumbrances other than those liabilities that are expressly assumed by Canadian Newco pursuant to the terms of the Asset Purchase Agreement.
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Canadian Asset Sale has the meaning set forth in Section 2.07(a).
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Canadian Asset Sale has the meaning given to such term in the Contribution and Distribution Agreement.
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Examples of Canadian Asset Sale in a sentence

  • No other corporate or other entity proceedings on the part of the Ski Purchaser are necessary to authorize this Agreement, the Financing Documents to which it is a party, the Ski Purchaser Interest Sale, the Ski Purchaser Asset Sale, the Canadian Asset Sale or to consummate the other Contemplated Transactions to be consummated by the Ski Purchaser.

  • As of the Closing Date, the manager, board of directors, trustee or general partner of the Canadian Purchaser will have duly and validly authorized and declared advisable the consummation of the Canadian Asset Sale and the other Contemplated Transactions to be consummated by the Canadian Purchaser.

  • The Ski Purchaser Manager has duly and validly authorized the execution and delivery of this Agreement and the Financing Documents to which the Ski Purchaser is a party, and declared advisable the consummation of the Ski Purchaser Interest Sale, the Ski Purchaser Asset Sale, the Canadian Asset Sale and the other Contemplated Transactions to be consummated by the Ski Purchaser.

  • The parties shall use reasonable best efforts to cause the Canadian Asset Sale to be structured in the most mutually Tax-efficient manner; provided, however, that no party will be required to agree to a structure that would reasonably be expected to increase costs, expenses or liabilities expected to be incurred by such party in connection with the transactions contemplated by the Transaction Documents.

  • No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection with the Canadian Asset Sale based upon arrangements made by the Jersey Trustee on behalf of the Jersey Trust.

  • No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission in connection with the Ski Purchaser Interest Sale, the Ski Purchaser Asset Sale, the Canadian Asset Sale or the other Contemplated Transactions to be consummated by the Ski Purchaser or the Canadian Purchaser based upon arrangements made by or on behalf of the Ski Purchaser, the Canadian Purchaser or any of their Subsidiaries.

  • The Link Parties shall reasonably assist the Plains Parties, including by providing reasonable access to relevant records and documents in accordance with Section 5(d), in the preparation of unaudited pro forma adjustments to the Audited Financial Statements to carve out the assets, liabilities and operations of Link and its subsidiaries not allocated to the Plains Constituent Parties pursuant to the Plan of Merger or sold to Plains Canada in the Canadian Asset Sale.

  • Based upon, among other things, the Confirmation Briefs, the Affidavits in Support of Confirmation, the representations and arguments of counsel for the Debtors and all other testimony given or proffered at the Confirmation Hearing or prior hearing and the full record of these Chapter 11 Cases, and the voting results, the Canadian Asset Sale is approved in all respects.

  • As of the Closing Date, the manager, board of directors, trustee or general partner of the Canadian Purchaser will have duly and validly authorized and declared advisable the consummation of the Canadian Asset Sale and the other transactions contemplated to be consummated by the Canadian Purchaser.

  • The Monitor Report thoroughly reviewed the Plan’s treatment of and proposed recoveries for the creditors of SSC Canada and SMBI, as well as the terms of the Canadian Asset Sale, and recommended that the Affected Secured Creditors, as well as the Affected Unsecured Creditors of SSC Canada and SMBI vote in favor of the Plan.


More Definitions of Canadian Asset Sale

Canadian Asset Sale has the meaning ascribed thereto in the Transaction Agreement;
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Canadian Asset Sale means the sale of assets pursuant to that certain Canadian Asset Transfer Agreement dated as of December 1, 1993 between Tandy Marketing (Canada) Ltd. and OSI-Missouri. "Change" shall mean any audit, amendment, determination or other change in a Tax Return which changes the amount of Taxes paid or payable by the filer of such Tax Return from the amount shown thereon to be due. "Change of Control" means the occurrence of any one or more of the following events: (i) the acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) (a "Person") of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either (A) the then outstanding shares of either the common stock of Holdings (the "Outstanding Holdings Stock"), or OSI-Missouri (the "Outstanding OSIM Stock") or (B) the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors of either Holdings (the "Outstanding Holdings Voting Securities") or OSI-Missouri (the "Outstanding OSIM Voting Securities"); or (ii) any acquisition, reorganization, merger, share exchange, consolidation or other transaction involving Holdings or any member of the Holdings Group (each, a "Holdings Merger"), unless, immediately following any such Holdings Merger (a) more than 50% of the then Outstanding Holdings Stock or the then Outstanding Holdings Voting Securities is then beneficially owned, directly or indirectly, by Persons who were the beneficial owners, respectively, of the Outstanding Holdings Voting Securities immediately prior to such Holdings Merger, (b) no Person beneficially owns (within the meaning of Rule 13d-3 promulgated under the Exchange Act) 25% or more of either (1) the then Outstanding OSIM Stock and the then Outstanding OSIV Stock and at least 80% of both the then Outstanding OSIM Voting Securities and the then Outstanding OSIV Voting Securities. "Closing" shall have the meaning ascribed thereto in the preamble to this Agreement. "Closing Date" shall have the meaning ascribed thereto in the preamble to this Agreement. "Code" means the Internal Revenue Code of 1986, as amended, and shall include corresponding provisions of any subsequently enacted federal tax laws. "Contribution" shall have the meaning ascribed thereto in the preamble hereof. "Contribution Agreement" shall have the meaning asc...
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Canadian Asset Sale the meaning ascribed to the term "Asset Sale" in the ------------------- Canadian Credit Agreement.
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Canadian Asset Sale means the potential sale of Titan’s Canadian assets including projects located in the Athabasca Basin, Thelon Basin and Cypress Hills to a third party;
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Canadian Asset Sale means the proposed sale of Titan’s Canadian assets, including projects located in the Athabasca Basin, Thelon Basin and Cypress Hills, which is expected to close prior to the Effective Date;
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Canadian Asset Sale shall have the meaning set forth in the Recitals.
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Related to Canadian Asset Sale

  • Specified Asset Sale has the meaning specified in Section 2.05(b)(vi).

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Collateral Disposition means (i) the sale, lease, transfer or other disposition of the Vessel by the Borrower to any Person (it being understood that a Permitted Chartering Arrangement is not a Collateral Disposition) or the sale of 100% of the Capital Stock of the Borrower or (ii) any Event of Loss of the Vessel.

  • Foreign Asset Sale shall have the meaning provided in Section 5.2(i).

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Excluded Asset Disposition means an Asset Disposition permitted pursuant to Section 7.05 other than Asset Dispositions pursuant to Sections 7.05(vii), (xiii), and (xv).

  • Asset Sale means any sale, lease, transfer, issuance or other disposition (or series of related sales, leases, transfers, issuances or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of

  • Canadian Subsidiaries means the Subsidiaries organized under the laws of Canada or any province, territory or other political subdivision thereof.

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other noncash form), in each case net of:

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Excluded Equity Issuance means (i) any issuance of Equity Interest by a member of the Restricted Group to another member of the Restricted Group, (ii) any issuance of Equity Interests by the Borrower pursuant to an equity incentive or compensation plan or pursuant to a dividend reinvestment or share purchase plan, and (iii) any issuance of Equity Interest in Parent to acquire limited partnership interests in PREIT.

  • Canadian Loan Party means any Loan Party incorporated or otherwise organized under the laws of Canada or any province or territory thereof.

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • Permitted Asset Dispositions means the following Asset Dispositions, provided, however, that at the time of such Asset Disposition, no Default or Event of Default exists or would result from such Asset Disposition:

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Canadian Loan means an extension of credit by a Canadian Lender to the Canadian Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

  • Canadian Loan Parties means Borrower and the Canadian Guarantors.

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Subsidiary Loan Party means any Subsidiary that is not a Foreign Subsidiary or a Receivables Subsidiary.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Foreign Subsidiary Total Assets means the total assets of the Foreign Subsidiaries, as determined in accordance with GAAP in good faith by a Responsible Officer, without intercompany eliminations.

  • Canadian Obligations means all Obligations of the Canadian Loan Parties.

  • Foreign Borrowing Base means, as of any date, an amount equal to: