Canadian Distributor definition
Examples of Canadian Distributor in a sentence
The Canadian Manufacturer will perform all Services for the Canadian Distributor for as long as the Canadian Distributor remains a Guarantor under the Global G&C Agreement.
From the amounts payable under Section 2.7(a) in respect of any Weekly Collection Period, as compensation for the performance of its obligations under this Agreement, the Canadian Manufacturer will be compensated on a cost-plus basis for performance of Services for the Canadian Distributor during such Weekly Collection Period (the “Weekly Canadian Management Fee”).
The SPV Canadian Holdco has no subsidiaries and owns no Equity Interests in any other Person other than the Canadian Distributor and any Additional Securitization Entity.
From the amounts payable under Section 2.7(a)Section 2.7(a) in respect of any Weekly Collection Period, as compensation for the performance of its obligations under this Agreement, the Canadian Manufacturer will be compensated on a cost-plus basis for performance of Services for the Canadian Distributor during such Weekly Collection Period (the “”Weekly Canadian Management Fee””).
To the extent any provision hereof would have the effect of constituting the Trustee or any of the Secured Parties as a shareholder of the Canadian Distributor prior to such time, such provision shall be severed herefrom and shall be ineffective with respect to the pledged Equity Interests in the Canadian Distributor without otherwise invalidating or rendering unenforceable this Base Indenture or invalidating or rendering unenforceable such provision insofar as it relates to any other Collateral.
The Canadian Distributor, the IP Holder, the International Franchisor, the International Franchisor (Michigan), the Domestic DistributionSupply Chain Real Estate Holder and the Domestic DistributionSupply Chain Equipment Holder have no subsidiaries and own no Equity Interests in any other Person other than any Additional Securitization Entity.
The Canadian Distribution Concentration Account and the Canadian Distribution U.S. Dollar Concentration Account are owned by the Canadian Distributor.