Examples of Canadian Closing Date in a sentence
If any Policy included in Schedule 2.01 A is determined after the date of execution and delivery of this Agreement by agreement of the Parties not to be part of the Subject Business, the Schedule shall be amended accordingly to exclude that Policy and the Parties shall make adjustments to the Canadian Funds Withheld Balance, as necessary, to reflect the exclusion of such Policy from the Schedule as if it had been excluded on the Canadian Closing Date.
Solely for purposes of interpreting and applying the provisions of this Agreement related to Taxes (and the associated defined terms) in respect of any Transferred Asset or Assumed Liability transferred pursuant to the Canada Closing or any Contemplated Transaction consummated pursuant to the Canada Closing, the term “Closing Date” shall be deemed to refer to the Canadian Closing Date and the term “Closing” shall be deemed to refer to the Canada Closing.
Each Canadian Lender agrees, jointly and severally, so long as no Default or Event of Default exists, to make a term loan (the “Canadian Closing Date Term Loan”) to Canadian Borrower on the Closing Date, in the aggregate principal amount of its Canadian Closing Date Term Loan Percentage of Cdn.
At the Canadian Closing, Canadian Buyer shall pay to Canadian Seller, by wire transfer of immediately available funds pursuant to wire instructions previously delivered by Canadian Seller to Canadian Buyer, an amount in cash equal to the sum of the Canadian Estimated Inventory Amount, the Canadian Estimated Dollars/Theme Park Amount and the Canadian Estimated Cash-On-Hand (collectively, the "Canadian Closing Date Estimate").
At least two (2) Business Days prior to the Canadian Closing Date, Seller shall deliver to Buyer Seller's good faith estimate of (i) the Canadian Inventory Amount (the "Canadian Estimated Inventory Amount"), (ii) the Canadian Dollars/Theme Park Amount (the "Canadian Estimated Dollars/Theme Park Amount") and (iii) the Canadian Cash-On-Hand (the "Canadian Estimated Cash-On-Hand").
As of the Canadian Closing Date, the Retrocedant shall establish on its books and records for its own account a “funds withheld account” (“FW Canadian Account”) as a separate, segregated, account in the amount equal to the Principal Amount and shall make adjustments from time to time to reflect the current Canadian Funds Withheld Balance as provided herein.
On or before the Canadian Closing, Canadian Seller shall provide Canadian Buyer with a clearance certificate under section 6 of the Retail Sales Tax Act (Ontario), section 99 of the Social Services Tax Act (British Columbia), section 45 of The Tax Administration and Miscellaneous Taxes Act (Manitoba) and any other similar applicable provincial statute providing, in each case, that Canadian Seller has no unpaid and overdue Tax liabilities under the applicable legislation as of the Canadian Closing Date.
Solely for purposes of interpreting and applying the provisions of this Article VI (and the associated defined terms) in respect of any Canadian Employee transferred pursuant to the Canada Closing or any Contemplated Transaction consummated pursuant to the Canada Closing, the term “Closing Date” shall be deemed to refer to the Canadian Closing Date, and the term “Closing” shall be deemed to refer to the Canada Closing.
This Note is a Canadian Closing Date Term Loan Note referred to in, and is issued pursuant to, the Loan and Security Agreement.
The account balance represents the initial FW Canadian Account Balance for the Subject Business of this Agreement as of the Canadian Closing Date.