Examples of Canadian Revolving Loan Borrowers in a sentence
The Pledgors hereby acknowledge that pursuant to the terms of the Credit Agreement various Canadian Revolving Loan Borrowers may become a party to the Credit Agreement from time to time and incur Loans thereunder.
On or prior to the Effective Date, there shall have been delivered to the Administrative Agent (i) for the account of each of the Lenders (subject to Section 2.06(e)) the appropriate Revolving Notes executed by the appropriate Borrower or Borrowers, in each case in the amount, maturity and as otherwise provided herein and (ii) such Drafts and powers of attorney executed by the Canadian Revolving Loan Borrowers as may be requested by the Canadian Lenders pursuant to Schedule III.
Any payment by the Canadian Revolving Loan Borrowers or other circumstance which operates to toll any statute of limitations as to the Canadian Revolving Loan Borrowers shall operate to toll the statute of limitations as to the U.S. Borrower.
Prior to the transfer by the U.S. Borrower of any note or negotiable instrument evidencing any indebtedness of the Canadian Revolving Loan Borrowers to the U.S. Borrower, the U.S. Borrower shall xxxx such note or negotiable instrument with a legend that the same is subject to this subordination.
The obligations of the U.S. Borrower hereunder are independent of the obligations of any other guarantor or the Canadian Revolving Loan Borrowers, and a separate action or actions may be brought and prosecuted against the U.S. Borrower whether or not action is brought against any other guarantor or the Canadian Revolving Loan Borrowers and whether or not any other guarantor or the Canadian Revolving Loan Borrower be joined in any such action or actions.
Prior to the transfer by the U.S. Borrower of any note or negotiable instrument evidencing any indebtedness of the Canadian Revolving Loan Borrowers to the U.S. Borrower or evidencing any indebtedness of the U.S. Subsidiary Brrower to the U.S. Borrower, the U.S. Borrower shall xxxx such note or negotiable instrument with a legend that the same is subject to this subordination.
Borrower waives any right to require any Canadian Lender to (i) proceed against the Canadian Revolving Loan Borrowers, any other guarantor or any other party, (ii) proceed against or exhaust any security held from the Canadian Revolving Loan Borrowers, any other guarantor or any other party or (iii) pursue any other remedy in any Canadian Lender’s power whatsoever.
Borrower waives any right to require any Lender to (i) proceed against the Canadian Revolving Loan Borrowers or the U.S. Subsidiary Borrower, any other guarantor or any other party, (ii) proceed against or exhaust any security held from the Canadian Revolving Loan Borrowers or the U.S. Subsidiary Borrower, any other guarantor or any other party or (iii) pursue any other remedy in any Lender’s power whatsoever.
Any payment by the Canadian Revolving Loan Borrowers or by the U.S. Subsidiary Borrower or other circumstance which operates to toll any statute of limitations as to the Canadian Revolving Loan Borrowers or the U.S. Subsidiary Borrower shall operate to toll the statute of limitations as to the U.S. Borrower.
Borrower assumes all responsibility for being and keeping itself informed of the Canadian Revolving Loan Borrowers' financial condition and assets, and of all other circumstances bearing upon the risk of non-payment of the Canadian Obligations and the nature, scope and extent of the risks which the U.S. Borrower assumes and incurs hereunder, and agrees that the Canadian Lenders shall have no duty to advise the U.S. Borrower of information known to them regarding such circumstances or risks.