Canadian Guaranteed Obligations definition

Canadian Guaranteed Obligations has the meaning assigned to such term in Section 11.01.

Canadian Guaranteed Obligations shall have the meaning set forth in Section 10.2.

Canadian Guaranteed Obligations shall have the meaning assigned to such term in SECTION 7.01.

Examples of Canadian Guaranteed Obligations in a sentence

• To the fullest extent permitted by applicable law, each Canadian Loan Party hereby waives any defense based on or arising out of any defense of any Canadian Loan Party or the unenforceability of all or any part of the Canadian Guaranteed Obligations from any cause, or the cessation from any cause of the liability of any Canadian Loan Party, other than the payment in full in cash of the Canadian Guaranteed Obligations.

• Each Loan Guarantor further agrees that the Canadian Guaranteed Obligations may be extended or renewed in whole or in part without notice to or further assent from it, and that it remains bound upon its guarantee notwithstanding any such extension or renewal.

• Nothing in this provision shall affect any Loan Guarantor’s several liability for the entire amount of the Canadian Guaranteed Obligations (up to such Loan Guarantor’s Maximum Canadian Liability).

• If acceleration of the time for payment of any of the Canadian Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of any Canadian Loan Party, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Canadian Guaranteed Obligations shall nonetheless be payable by the Canadian Loan Parties promptly on demand by the Administrative Agent.

• Nothing in this provision shall affect any Canadian Loan Party’s several liability for the entire amount of the Canadian Guaranteed Obligations (up to such Canadian Loan Party’s Maximum Canadian Liability).

More Definitions of Canadian Guaranteed Obligations

Canadian Guaranteed Obligations has the meaning assigned to such term in Section 2.01(a).

Canadian Guaranteed Obligations has the meaning assigned to such term in Section 10.01(b).

Canadian Guaranteed Obligations as defined in Section 11.3.1.

Canadian Guaranteed Obligations means the principal and interest on each Revolving Note issued by the Canadian Borrower to any Bank or Canadian Bank, and all Canadian Borrower Revolving Loans made under this Agreement, together with all the other obligations (including obligations which, but for any automatic stay under Section 362(a) of the Bankruptcy Code, or any other stay under applicable law, would become due) and liabilities (including, without limitation, indemnities, fees and interest thereon) of the Canadian Borrower to each Bank, each Canadian Bank, the Agents and the Collateral Agent now existing or hereafter incurred under, arising out of or in connection with this Agreement or any other Credit Document and the due performance and compliance with all the terms, conditions and agreements contained in the Credit Documents by the Canadian Borrower.

Canadian Guaranteed Obligations has the meaning assigned to such term in Section 10.01(b). “Canadian Loan Guarantors” means, individually or collectively, as the context may require, the Canadian Borrowers, any other Canadian Subsidiary of a Loan Party who becomes a party to this Agreement pursuant to a Joinder Agreement, and, in each case, their respective successors and assigns. “Canadian Loan Party” means, individually or collectively, as the context may require, the Canadian Borrowers and the Canadian Loan Guarantors. “Canadian Pension Event” means (a) any Loan Party shall, directly or indirectly, terminate or cause to terminate, in whole or in part, or initiate the termination of, in whole or in part, any Canadian Defined Benefit Pension Plan so as to result in any liability; (b) any Loan Party shall fail to make minimum required contributions to amortize any funding deficiencies under a Canadian Defined Benefit Pension Plan within the time period set out in applicable laws or fail to make a required contribution under any Canadian Pension Plan which could result in the imposition of a Lien upon the assets of any Loan Party; or

Canadian Guaranteed Obligations means (i) the principal (or Face Amount of, as applicable) and interest on each Canadian Dollar Revolving Note issued by the Canadian Borrower to each Canadian RL Bank, and Canadian Dollar Revolving Loans made, under this Agreement, together with all the other obligations and liabilities (including, without limitation, indemnities, fees and interest thereon) of the Canadian Borrower to each Canadian RL Bank, the Agents and the Collateral Agent now existing or hereafter incurred under, arising out of or in connection with this Agreement or any other Credit Document and the due performance and compliance with all the terms, conditions and agreements contained in the Credit Documents by the Canadian Borrower and (ii) all obligations and liabilities of the Canadian Borrower or any of its Subsidiaries owing under any Interest Rate Protection Agreement or Other Hedging Agreement entered into by the Canadian Borrower or any of its Subsidiaries with any Bank or any affiliate thereof (even if such Bank subsequently ceases to be a Bank under this Agreement for any reason) so long as such Bank or affiliate participates in such Interest Rate Protection Agreement or Other Hedging Agreement, and their subsequent assigns, if any, whether now in existence or hereafter arising, and the due performance and compliance with all terms, conditions and agreements contained therein.

Canadian Guaranteed Obligations has the meaning specified in Section 6.05(a)(ii).