Examples of Canadian Economic Sanctions and Export Control Laws in a sentence

The Borrower shall adopt and maintain adequate policies, procedures, and controls to ensure that it is in material compliance with applicable Canadian Economic Sanctions and Export Control Laws.
When the balance between supply and demand is strained or in the event of an outage, NLDC needs to interact only with BLDC, which minimizes the workload of NLDC.
The Borrower will comply, in all material respects with applicable Canadian Economic Sanctions and Export Control Laws, including those regarding activities involving Iran or Sudan.
None of the transactions contemplated by the Loan Documents violates the Canadian Economic Sanctions and Export Control Laws.
Each of Holdings and its Subsidiaries shall adopt and maintain adequate policies, procedures, and controls to ensure that it is in material compliance with applicable Canadian Economic Sanctions and Export Control Laws and other applicable Canadian trade-related laws.

More Definitions of Canadian Economic Sanctions and Export Control Laws

Canadian Economic Sanctions and Export Control Laws means the Special Economic Measures Act (Canada) (S,C. 1992, c. 17) and the regulations made thereunder, the United Nations Act (Canada) (R.S.C. 1985, c. U-2), and the regulations made thereunder, Freezing Assets of Corrupt Foreign Officials Act (Canada) (S.C. 2011, c.10), and the regulations made thereunder, Part II.1 of the Criminal Code (Canada) (R.S.C., 1985, c. C-46), and the regulations made thereunder, the Export and Import Permits Act (Canada) (R.S.C., 1985, c. E-19), and the regulations made thereunder, any other law or regulation promulgated from time to time and administered by Global Affairs Canada and any similar laws enacted in Canada after the date of this Agreement.

Canadian Economic Sanctions and Export Control Laws means any Canadian laws, regulations or orders governing transactions in controlled good or technologies or dealings with countries, entities, organizations, or individuals subject to economic sanctions and similar measures, including, without limitation, the United Nations Act (Canada), Special Economic Measures Act (Canada), the Justice for Victims of Corrupt Foreign Officials Act (Xxxxxx Xxxxxxxxx Law) (Canada), the Freezing Assets of Corrupt Foreign Officials Act (Canada), Part II.1 of the Criminal Code (Canada), the Export and Import Permits Act (Canada), the Defence Production Act (Canada), and the Foreign Extraterritorial Measures Act (Canada). “Canadian Guarantee” means the Canadian guarantee, dated as of the Closing Date, executed in favor of the Administrative Agent and the other Secured Parties by each of the Canadian Loan Parties. “Canadian Loan Party” means each Loan Party that is organized under the laws of Canada or any province or territory thereof. “Canadian Multi-Employer Plan” means a “multi-employer plan” or similar plan under applicable federal or provincial pension standards legislation in Canada that is maintained, sponsored or contributed to by a Loan Party for its Canadian employees or former employees or under which a Loan Party has any liability, but excluding any Canadian Pension Plan. “Canadian Pension Event” means the occurrence of any of the following: (a) the board of directors of any Loan Party passes a resolution to terminate, wind up or withdraw from in whole or in part any

Canadian Economic Sanctions and Export Control Laws means any Canadian laws, regulations or orders governing transactions in controlled goods or technologies or dealings with countries, entities, organizations, or individuals subject to economic sanctions and similar measures, including the Special Economic Measures Act (Canada), the United Nations Act, (Canada), the Freezing Assets of Corrupt Foreign Officials Act (Canada), Part II.1 of the Criminal Code (Canada) and the Export and Import Permits Act (Canada), and any related regulations. “Capital Lease Obligations” means subject to Section 1.03(b), with respect to any Person for any period, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which the amount of the obligations in respect thereof that would at the time be required to be classified and accounted for as liabilities on a balance sheet of such Person under GAAP and the amount of which obligations shall be the capitalized amount thereof determined in accordance with GAAP. “Cash Collateral Account” means a non-interest bearing account established by one or more of the Loan Parties with Xxxxx Fargo, and in the name of, the Agent (or as the Agent shall otherwise direct) and under the sole and exclusive dominion and control of the Agent, in which deposits are required to be made in accordance with Section 2.03(k) or 8.02(c). “Cash Collateralize” has the meaning specified in Section 2.03(k). Derivatives of such term have corresponding meanings. “Cash Dominion Event” means any of the following (i) the occurrence and continuance of any Event of Default or (ii) (x) at any time on or before the Flip Date, (1) the failure of the Borrowers to maintain Availability for more than two (2) Business Days of at least 15% of the Loan Cap or (2) the failure of the Borrowers to maintain Deposited Cash at least equal to $32,000,000 (or such lesser amount as may be agreed to by the Agent in writing in its sole discretion) in the aggregate at any time and (y) at any time after the Flip Date, the failure of the Borrowers to maintain Availability of at least 17.5% of the Loan Cap. For purposes of this Agreement, the occurrence of a Cash Dominion Event shall be deemed 8

Canadian Economic Sanctions and Export Control Laws means any Canadian laws, regulations or orders governing transactions in controlled goods or technologies or dealings with countries, entities, organizations, or individuals subject to economic sanctions and similar measures, including the Special Xxxxxxxx Xxxxxxxx Xxx (Xxxxxx), the United Nations Act (Canada), the Freezing Assets of Corrupt Foreign Officials Act (Canada), Part II.1 of the Criminal Code (Canada) and the Export and Import Permits Act (Canada), and any related regulations. “Canadian Guarantee and Security Agreement” means that certain Canadian Guarantee and Security Agreement made by and among Canadian Subsidiary Guarantor, any additional Foreign Guarantors of Payment that become party thereto from time to time, and the Administrative Agent for the benefit of the Secured Parties, as amended, restated, modified or supplemented from time to time. “Canadian MEPP” means a “multi-employer plan”, as defined under Regulation 8500(1) of the Income Tax Act (Canada) to which the Canadian Subsidiary Guarantor is required to contribute but which is not maintained or administered by the Canadian Subsidiary Guarantor. “Canadian Pension Event” means (a) the whole or partial withdrawal of the Canadian Subsidiarity Guarantor (if it is a Loan Party at such time) or another Loan Party from a Defined Benefit Plan; or (b) the filing of a notice of intent to terminate in whole or in part a Defined Benefit Plan or the treatment of a Defined Benefit Plan amendment as a termination or partial termination; or (c) the institution of proceedings by any Governmental Authority to terminate in whole or in part or have a trustee appointed to administer a Defined Benefit Plan; or (d) any other event or condition which might constitute grounds for the termination of, winding up or partial termination of winding up or the appointment of trustee to administer, any Defined Benefit Plan. “Canadian Pension Plan” means any plan, program or arrangement that is a “registered pension plan” as defined under subsection 248(1) of the Income Tax Act (Canada) that is required to be registered under any applicable Canadian federal or provincial pension legislation, whether or not registered under any such laws, which is, or has been, maintained or contributed to by, or to which there is or may be an

Canadian Economic Sanctions and Export Control Laws means any Canadian laws, regulations or orders governing transactions in controlled goods or technologies or dealings with countries, entities, organizations, or individuals subject to economic sanctions and similar measures. “Canadian FILO Borrowing Base” means: (a) the product of (i) 5% multiplied by (ii) the Eligible Credit Card Accounts of the Canadian Loan Parties at such time, plus (b) the product of (i) 5% multiplied by (ii) the Net Orderly Liquidation Value percentage identified in the most recent inventory appraisal ordered and received by the Administrative Agent multiplied by (iii) the Canadian Loan Parties’ Eligible Inventory (other than Eligible LC Inventory, Eligible In-Transit Inventory, and Eligible Consigned Inventory) at such time, valued at the lower of average cost or market, determined utilizing the retail method, as appropriate, or such other method approved in writing by the Administrative Agent at the request of the Borrower Representative, net of applicable Inventory Reserves, plus (c) the lesser of (i) the result of the product of (x) 5% multiplied by (y) the Net Orderly Liquidation Value percentage identified in the most recent inventory appraisal ordered and received by the Administrative Agent multiplied by (z) the Canadian Loan Parties’ Eligible In-Transit Inventory and Eligible LC Inventory at such time, valued at the lower of average cost or market, determined utilizing the retail method, as appropriate, or such other method approved in writing by the Administrative Agent at the request of the Borrower Representative, net of applicable Inventory Reserves, or (ii) 15% of the Canadian Inventory Availability, plus (d) the product of (i) 5% multiplied by (ii) the Net Orderly Liquidation Value percentage identified in the most recent inventory appraisal ordered and received by the Administrative Agent multiplied by (iii) the Canadian Loan Parties’ Eligible Consigned Inventory at such time, valued at the lower of average cost or market, determined utilizing the retail method, as appropriate, or such other method approved in writing by the Administrative Agent at the request of the Borrower Representative, net of applicable Inventory Reserves; provided, however, the amount added to the Canadian FILO Borrowing Base pursuant to this clause (d) shall not exceed $1,500,000, minus (e)

Canadian Economic Sanctions and Export Control Laws definition

Filter & Search

Related Definitions