Canadian Facility Collateral definition

Canadian Facility Collateral. Collateral that now or hereafter secures (or is intended to secure) any of the Canadian Facility Obligations, including property of the U.S. Domiciled Loan Parties pledged to secure their Obligations under their guarantee of the Canadian Facility Obligations.

Canadian Facility Collateral. Collateral that now or hereafter secures (or is intended to secure) any of the Canadian Facility Obligations, including Property of the Canadian Facility Guarantors pledged to secure the Canadian Facility Obligations under their guarantee of the Canadian Facility Obligations. Canadian Facility Guarantor: each U.S. Facility Guarantor, each Canadian Subsidiary that is a Material Subsidiary, including, without limitation, any Canadian Subsidiary that is a general partner of any Canadian Domiciled Obligor organized as a limited partnership, and each other Subsidiary that guarantees payment and performance of any Canadian Facility Obligations.

Examples of Canadian Facility Collateral in a sentence

• The Canadian Revolver Loans shall be repaid in accordance with the terms of this Agreement and shall be secured by all of the Canadian Facility Collateral.

• All Protective Advances made by Agent with respect to U.S. Facility Loan Parties shall be U.S. Facility Obligations, secured by the U.S. Facility Collateral and shall be treated for all purposes as Extraordinary Expenses and all Protective Advances made by Agent with respect to Canadian Facility Loan Parties shall be Canadian Facility Obligations, secured by the Canadian Facility Collateral and shall be treated for all purposes as Extraordinary Expenses.

• All Canadian Overadvance Loans shall constitute Canadian Facility Obligations secured by the Canadian Facility Collateral and shall be entitled to all benefits of the Loan Documents.