Canadian Hypothec definition

Canadian Hypothec means a trust deed of hypothec granted or to be granted by any Credit Party in favor of the Canadian Administrative Agent on moveable or immoveable property pursuant to the laws of the Province of Quebec, together with all bonds, debentures and pledges or hypothecs thereof, as amended, supplemented or otherwise modified from time to time.

Canadian Hypothec means, individually and collectively as the context may require, (a) the Deed of Hypothec dated as of the date hereof of the Canadian Loan Parties party thereto in favor of the Administrative Agent (for the benefit of the Canadian Lender Parties), and (b) any other deed of hypothec entered into after the Effective Date by any Canadian Loan Party pursuant to the terms of this Agreement, or any other Loan Document, including Section 5.13, in each case, as the same may be amended, restated or otherwise modified from time to time.

Canadian Hypothec means, individually and collectively as the context may require, (a) the Deed of Hypothec dated on or about the Fourth Restatement Date by the Canadian Loan Parties party thereto in favor of the Administrative Agent, (b) any other deed of hypothec entered into after the Fourth Restatement Date by any Canadian Loan Party pursuant to the terms of this Agreement, or any other Loan Document, including Section 5.13, in each case, as the same may be amended, restated or otherwise modified from time to time, and (c) any Deed of Hypothec or pledge agreement and related bond executed in favor of the Existing Administrative Agent.

Examples of Canadian Hypothec in a sentence

• For greater certainty and without limiting the powers of any Agent, each of the initial Lenders and Agents hereby designates and appoints the Collateral Agent as agent for and on behalf of each of them to hold and to be the sole registered holder of the bonds issued from time to time under any Canadian Hypothec.

• In this respect, (i) (as specified in Section 9.06) records shall be kept indicating the names and addresses of, and the pro rata portion of the obligations and indebtedness secured by any pledge of any such debenture or bond and owing to, each Lender, and (ii) each Lender holding any Tranche A Loan will be entitled to the benefits of any Collateral covered by any Canadian Hypothec and will participate in the proceeds of realization of any such Collateral, the whole in accordance with the terms hereof.

• With respect to the allocation of the proceeds of Collateral among the Secured Revolving Obligations, each Foreign Security Amendment shall provide that the proceeds of any Collateral granted as security under each Canadian Mortgage, each Canadian Hypothec and each other Foreign Security Agreement shall be allocated to the payment in full of the Canadian Secured Obligations prior to the payment in full of the U.S. Secured Obligations that constitute Secured Revolving Obligations.

• The US Administrative Agent shall --------------------------- have received, with a counterpart for each Lender, the Demand Debenture and Debenture Pledge Agreement for the province of Nova Scotia and the Canadian Hypothec, each executed and delivered by a duly authorized officer of the Canadian Borrower.

More Definitions of Canadian Hypothec

Canadian Hypothec means a hypothec granted by any Credit Party having assets located in the province of Quebec, and any bonds or debentures, any pledge of bonds or debentures and documentation related thereto.

Canadian Hypothec means, individually and collectively as the context may require, (a) the Deed of Hypothec dated as of the date hereof of the Canadian Loan Parties party thereto in favor of the Administrative Agent (for the benefit of the Canadian Lender Parties), (b) the Deed of Hypothec dated as of the Original Closing Date by the Canadian Loan Parties party thereto in favor of the Administrative Agent, and (c) any other deed of hypothec entered into after the Restatement Date by any Canadian Loan Party pursuant to the terms of this Agreement, or any other Loan Document, including Section 5.13, in each case, as the same may be amended, restated or otherwise modified from time to time.

Canadian Hypothec means, individually and collectively as the context may require, any deed of hypothec entered into by any Loan Party pursuant to the terms of this Agreement, or any other Loan Document.

Canadian Hypothec means, individually and collectively as the context may require, any deed

Canadian Hypothec means the Deed of hypothec on Universality of Movable Property dated as of June 28, 2022 the Canadian Borrower in favor of the Administrative Agent acting as the hypothecary representative, for the benefit of the Secured Parties, substantially in the form of Exhibit C-3.

Canadian Hypothec the moveable hypothec to be executed and ----------------- delivered by the Canadian Borrower, substantially in the form of Exhibit X- 0, as the same may be amended, supplemented or otherwise modified from time to time.

Canadian Hypothec the moveable hypothec executed and delivered by ----------------- the Canadian Borrower on the Original Closing Date, substantially in the form of Exhibit E-4 to the Existing Credit Agreement, as the same may be amended, supplemented or otherwise modified from time to time.