Canadian Settlement definition

Canadian Settlement means a settlement evidenced by a written agreement, to be consummated on the Effective Date, between Debtors, EnPro, and Garlock of Canada Ltd and the Canadian provincial workers’ compensation boards (the “Provincial Boards”) resolving all remedies the Provincial Boards may possess under Canadian law or in the United States under U.S. law against Garlock of Canada Ltd, Debtors, or any Affiliate of Debtors and providing that the Provincial Boards shall deliver releases for all pending asbestos-related claims and a covenant not to bring suit or otherwise seek recovery in the future from Garlock of Canada Ltd, GST, Coltec, EnPro, the Asbestos Trust, or any of Debtors’ or EnPro’s other Affiliates for any present or future asbestos-related claim.
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Canadian Settlement has the meaning assigned to such term in Section 2.05(b).
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Canadian Settlement has the meaning specified therefor in Section 2.3(f)(i) of the Agreement.
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Examples of Canadian Settlement in a sentence

  • Between Canadian Settlement Dates the Agent may pay over to the Canadian Swingline Lender any payments received by the Agent, which in accordance with the terms of this Agreement would be applied to the reduction of the Canadian Revolving Loans, for application to the Canadian Swingline Lender’s Canadian Revolving Loans or Canadian Swingline Loans.

  • If a list is provided, it may at the election of the Settling Defendants be a single list for all Canadian Settlement Agreements without separation by product(s).

  • In no event shall the total proffer time for all of the Canadian Settlement Agreements, including question and answer sessions, exceed five (5) business days or thirty-five (35) hours of proffer time.

  • One (1) of those five (5) proffer days for the Canadian Settlement Agreements may take place prior to the Effective Date and shall take place prior to February 22, 2019, or such other time period as Class Counsel and the Settling Defendants may reasonably agree, subject to the other provisions of this Settlement Agreement.

  • Such payments shall be made by wire transfer to such Canadian Lender’s account (as specified by such Canadian Lender in Annex E or the applicable Assignment Agreement) not later than 2:00 p.m. (Toronto time) on the next Business Day following each Canadian Settlement Date.

  • If you do not submit a completed Claim Form by , 2016, you will not receive any part of the net Canadian Settlement Amount.

  • On the Canadian Settlement Date, the Canadian Administrative Agent and the Canadian Lenders shall each remit to the other, in immediately available funds, all amounts necessary so as to ensure that, as of the Canadian Settlement Date, the Canadian Lenders shall have their Applicable Percentage of all outstanding Canadian Revolving Exposure.

  • No waiver shall be effective unless in writing and duly signed by the waiving party.

  • If any such amount is not made available to Canadian Agent by any Canadian Lender on the Canadian Settlement Date applicable thereto to the extent required by the terms hereof, Canadian Agent shall be entitled to recover for its account such amount on demand from such Canadian Lender together with interest thereon at the Defaulting Lender Rate.

  • Prior to a Canadian Settlement, interest on Canadian Loans made pursuant to this Section 4.6(b) shall be for the account of the Canadian Agent.