Examples of Canadian Guarantee Agreement in a sentence
In addition, the Lenders hereby irrevocably authorize the Agent to (x) subordinate any Lien on any property granted to or held by the Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 8.13(c) and (y) release any Guarantor from its obligations under the U.S. Guarantee Agreement or the Canadian Guarantee Agreement if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder.
By executing this Amendment in the place provided for that purpose below, each Guarantor hereby consents to the amendment to the Credit Agreement as set forth herein and confirms that its obligations thereunder (including without limitation its obligations as a Guarantor pursuant to Section 10 thereof) and, in the case of the Canadian Borrower and Canadian Guarantors, the Canadian Guarantee Agreement, remain in full force and effect.
Following satisfaction of the condition in Section 4.01(d)(i), the Australian Loan Parties will use commercially reasonable efforts to promptly execute the Australian Guarantee Agreement and the Canadian Guarantee Agreement, to the extent that they are parties thereto.
From and after the First Amendment Effective Date, the terms “Agreement”, “this Agreement”, “herein”, “hereto”, “hereof” and words of similar import, as used in the Canadian Guarantee Agreement, shall refer to the Canadian Guarantee Agreement as amended hereby and as heretofore amended, supplemented or otherwise modified, and the term “Canadian Guarantee Agreement”, as used in any Loan Document, shall mean the Canadian Guarantee Agreement.
By executing and delivering a copy hereof, each Loan Party hereby acknowledges that all Loans (as defined after giving effect to the Fifth Amendment) shall continue to be fully guaranteed pursuant to the Canadian Guarantee Agreement and the U.S. Guarantee and Collateral Agreement in accordance with the terms and provisions thereof and shall continue to be secured in accordance with the terms and provisions of the Security Documents.