Canadian Originators definition

Canadian Originators have the meaning given to the term “Originator” in the Canadian Purchase and Sale Agreement, as the same may be modified from time to time by adding new Canadian Originators or removing Canadian Originators, in each case, with the prior written consent of the Administrative Agent.

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Canadian Originators means M & I Door Systems Ltd. and Albany International Canada Inc.

Canadian Originators has the meaning ascribed thereto above and any Originator incorporated, formed and having its principal place of business in Canada.

Examples of Canadian Originators in a sentence

• The Canadian Originators will maintain their jurisdictions of organization and chief executive offices in the Province of Canada in which they are currently located.

• The Seller has delivered a copy of all Lock-Box Agreements (or, with respect to Collections on the Receivables originated by the Canadian Originators, will deliver (or has delivered) such Lock-Box Agreements within 60 days after the date of this Agreement) to the Agent.

• The provisions of the previous sentence shall only apply to payments on Receivables originated by the Canadian Originators on and after the 61st day following the date of this Agreement.

• The provisions of the previous sentence shall only apply to payments on Receivables originated by the Canadian Originators on and after the 61st day following the date of the Second Tier Agreement.

• Each of the UK Originator, the Swiss Originator and the Canadian Originators owns and has good and marketable title to its applicable Foreign Originator Account free and clear of any Adverse Claim.

• Pursuant to the Canadian Transfer Agreement, the Canadian Guarantor has acquired, and will acquire from time to time, the Canadian Receivables from the Canadian Originators.

• None of the Foreign Originator Accounts are in the name of any Person other than the UK Originator, the Swiss Originator or the Canadian Originators, as applicable.