Examples of Canadian Security Document in a sentence
The Canadian Borrower will cause any subsequently acquired or organized Canadian Subsidiary that is a Material Subsidiary or any Canadian Subsidiary that was not a Material Subsidiary that subsequently becomes a Material Subsidiary to execute a supplement to the Canadian Subsidiary Guarantee Agreement and each applicable Canadian Security Document.
In connection with the execution and delivery of any Canadian Subsidiary Guarantee or Canadian Security Document pursuant to this Section 5.1(14), the Borrower shall, or shall cause the relevant Canadian Subsidiary to, deliver to the Administrative Agent such corporate resolutions, certificates, legal opinions and such other related documents as shall be reasonably requested by the Administrative Agent.
The Canadian Borrower will cause any subsequently acquired or organized Canadian Subsidiary (other than (a) any Inactive Subsidiary and (b) any such non-wholly owned Subsidiary, as aforesaid) or any Canadian Subsidiary that ceases to be an Inactive Subsidiary to execute a supplement to the Canadian Subsidiary Guarantee Agreement and each applicable Canadian Security Document.
Upon completion of the actions set forth in each Canadian Security Document, such Canadian Security Document shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Canadian Borrower Obligations, in each case prior and superior in right to any other Person.
The US Administrative Agent shall have received evidence in form and substance reasonably satisfactory to it that all of the requirements relating to insurance of subsection 5.3 of the US Guarantee and Collateral Agreement, of each Canadian Security Document and of each of the Mortgages shall have been satisfied.
The Canadian Administrative Agent's and the Canadian Lenders' rights with respect to the Canadian Collateral include the right, subject to the provisions of Section 11, to release any or all of the Canadian Collateral from the Lien of any Canadian Security Document in connection with the sale of such Canadian Collateral, notwithstanding that the net proceeds of any such sale may not be used to pay or permanently prepay any Canadian Obligations or US Obligations.
The Administrative Agent shall have received original stock certificates evidencing the capital stock pledged pursuant to the Pledge Agreements, any Canadian Security Document, any U.K. Security Document and (to the extent applicable) any German Security Document, together with an appropriate undated stock power for each certificate (to the extent applicable) duly executed in blank by the registered owner thereof (except that such stock certificates of United Telecom Ltd.
The Administrative Agent shall have received original stock certificates evidencing the capital stock pledged pursuant to the Pledge Agreements and any Canadian Security Document, together with an appropriate undated stock power for each certificate duly executed in blank by the registered owner thereof.
The Administrative Agents shall have received (i) -------------- the Original Credit Agreement, executed and delivered by a duly authorized officer of Holdings and each Borrower, (ii) the Original Guarantee and Collateral Agreement, executed and delivered by a duly authorized officer of Holdings, the U.S. Borrower and each Subsidiary Guarantor and (iii) each Canadian Security Document, executed by a duly authorized officer of each party thereto.
The Collateral Agent shall have no duty to ascertain or inquire as to the performance or observance of any of the terms of any Canadian Security Document by any Lien Grantor.