Examples of Canadian Loan Guarantor in a sentence
Notwithstanding the foregoing, the provisions of clause (t) of the definition of Eligible Accounts, Section 2.06(a), Section 3.07, Section 3.20, Section 5.07 and this Section 5.08 shall not be interpreted to contravene, or require any notification to the Attorney General of Canada under, the Foreign Extraterritorial Measures (United States) Order, 1992, by any Canadian Borrower, any Canadian Loan Guarantor or any Canadian Subsidiary.
Each Canadian 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.
Notwithstanding any provision to the contrary set forth in this Agreement, the Loan Guaranty of the Canadian Loan Guarantors shall be limited to the Canadian Obligations and in no event shall any Canadian Loan Guarantor be liable as a Guarantor for any obligation of any U.S. Loan Party.
Each Canadian Loan Guarantor will obtain benefits from the incurrence of Loans by the Canadian Borrower for the account of the Canadian Borrower and the Canadian Restricted Subsidiaries and the incurrence by the Canadian Loan Parties of Canadian Secured Hedging Obligations and Canadian Secured Banking Services Obligations.
Poverty, land degradation, rapid and unplanned urbanization since the 1960s, weak enforcement of building codes and zoning regulations, and a lack of coordinated disaster response strategies are primary drivers of vulnerability.
Each Canadian Loan Guarantor waives any right to require the Administrative Agent or any Lender to sxx the Borrowers, any Canadian Loan Guarantor, any other guarantor, or any other Person obligated for all or any part of the Canadian Guaranteed Obligations.
Each Canadian Loan Guarantor agrees that the Canadian Guaranteed Obligations may at any time and from time to time exceed the maximum liability under applicable law of such Canadian Loan Guarantor without impairing this ABL Guaranty or affecting the rights and remedies of the Administrative Agent hereunder; provided that nothing in this sentence shall be construed to increase any Canadian Loan Guarantor’s obligations hereunder beyond its maximum liability under applicable law.
Each Canadian Loan Guarantor further agrees that the Canadian Guaranteed Obligations may be increased, 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.
Upon execution and delivery by the Administrative Agent and such Restricted Subsidiary of an instrument in substantially the form of Exhibit A hereto (each, a “Guaranty Supplement”), such Restricted Subsidiary shall become a Canadian Loan Guarantor or a US Loan Guarantor hereunder, as applicable, with the same force and effect as if originally named as a Canadian Loan Guarantor or US Loan Guarantor, as applicable, herein.
Notwithstanding the foregoing, the provisions of Section 3.07, Section 3.23, Section 5.07 and this Section 5.08 shall not be interpreted to contravene, or require any notification to the Attorney General of Canada under, the Foreign Extraterritorial Measures (United States) Order, 1992, by any Canadian Borrower, any Canadian Loan Party, any Canadian Loan Guarantor or any Canadian Subsidiary.