Examples of Canadian Subsidiary Guarantee 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.
The Borrower shall cause each present and future Canadian Subsidiary to enter into, or accede to, the Canadian Subsidiary Guarantee, such that such Person guarantees in favour of the Administrative Agent, for the benefit of the Secured Parties, all Secured Liabilities of the Borrower.
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.
The Company shall, as of the Issue Date, cause (i) Parent to execute the Parent Guarantee substantially in the form attached hereto as Exhibit G-1, (ii) each of its Subsidiary Guarantors organized under the laws of Canada or any province or territory thereof to execute the Canadian Subsidiary Guarantee substantially in the form attached hereto as Exhibit G-2 and (iii) the Company and Finance Corp.
In connection with the execution and delivery of any Canadian Subsidiary Guarantee or Canadian Security Document pursuant to this Section 5.1(13), 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 Trustee agrees to act as the representative of the Holders of Notes under the Parent Guarantee, the Canadian Subsidiary Guarantee and the Issuers’ Guarantee in accordance with the terms thereof and of this Indenture.
Each Canadian Subsidiary Guarantee Agreement is hereby amended by deleting the words “Guaranteed Obligations” each time they appear therein and inserting the word “Liabilities” in their place.
The Subsidiary Guarantors and The Bank of Nova Scotia, in its capacity as former Canadian collateral agent, are parties to that certain Canadian Subsidiary Guarantee Agreement dated as of October 30, 2003 (as heretofore amended, restated and otherwise modified, the “Existing Canadian Subsidiary Guarantee Agreement”).
Any resolution on such remuneration shall be made by the Board of Directors based on a proposal from the Remuneration Committee.