Examples of Canadian Guarantee and Security Agreement in a sentence
If the obligation of any Guarantor under the guaranty contained in the Guaranty and Security Agreement or Canadian Guarantee and Security Agreement is limited or terminated by operation of law or by such Guarantor (other than in accordance with the terms of this Agreement) of if any Guarantor repudiates or revokes or purports to repudiate or revoke any such guaranty.
Reference is made to (i) the Canadian Guarantee and Security Agreement among Nortel Networks Limited (“NNL”), Nortel Networks Inc.
Borrowers shall deliver to Agent, within 60 Business Days following the Closing Date, fully executed Blocked Account Control Agreements (as defined in the Canadian Guarantee and Security Agreement) from each bank maintaining a Controlled Account (as defined in the Canadian Guarantee and Security Agreement) for any Loan Party.
Each Loan Party will, and will cause each of its Subsidiaries to, use their commercially reasonable efforts to obtain Collateral Access Agreements for each of the locations identified on (i) Schedule 7 to the Guaranty and Security Agreement or the Canadian Guarantee and Security Agreement, as applicable, and (ii) Schedule 4.24 to this Agreement where Inventory with a fair value exceeding $250,000 in the aggregate is held or stored.
To the extent there is any inconsistency between this Patent Security Agreement and the Canadian Guarantee and Security Agreement, the Canadian Guarantee and Security Agreement shall control.
All initially capitalized terms used but not otherwise defined herein have the meanings given to them in the Canadian Guarantee and Security Agreement or, if not defined therein, in the Credit Agreement, and this Copyright Security Agreement shall be subject to the rules of construction set forth in Section 1(b) of the Canadian Guarantee and Security Agreement, which rules of construction are incorporated herein by this reference, mutatis mutandis.
In connection with the change of chief executive office and principal place of business of the Canadian Loan Parties, Schedule 7 “Name; Chief Executive Office; Principal Place of Business; Collateral Locations; Tax Identification and Business Numbers and Organizational Numbers” attached hereto shall replace in its entirety Schedule 7 to the Canadian Guarantee and Security Agreement and shall be deemed a part thereof for all purposes of the Canadian Guarantee and Security Agreement.
The undersigned hereby agrees that this Pledged Interests Addendum may be attached to that certain Amended and Restated Canadian Guarantee and Security Agreement, dated as of May __, 2012, (as amended, restated, supplemented, or otherwise modified from time to time, the “Canadian Guarantee and Security Agreement”), made by the undersigned, together with the other Grantors named therein, to Xxxxx Fargo Bank, National Association, as Agent.
To the extent there is any inconsistency between this Copyright Security Agreement and the Canadian Guarantee and Security Agreement, the Canadian Guarantee and Security Agreement shall control.
Name: Title: Name: Title: Name: Title: This Pledged Interests Addendum, dated as of , 20 (this “Pledged Interests Addendum”), is delivered pursuant to Section 7 of the Canadian Guarantee and Security Agreement referred to below.