Canadian Subsidiary Guarantors definition

Canadian Subsidiary Guarantors means any Subsidiary Guarantor that is a Foreign Subsidiary organized under the laws of Canada or a province or territory of Canada.

Canadian Subsidiary Guarantors means, collectively, all direct and indirect Canadian Subsidiaries in existence on the Closing Date (other than the Canadian Borrowers) or which become a party to the Canadian Credit Party Guarantee Agreement pursuant to Section 8.14.

Canadian Subsidiary Guarantors means each Canadian Subsidiary of Holdings that is a Material Subsidiary (other than any Canadian Borrowers), whether existing on the Closing Date or established, created or acquired after the Closing Date, in each case unless and until such time as the respective Canadian Subsidiary is released from all of its obligations under the Security Documents to which it is a party in accordance with the terms and provisions thereof.

Examples of Canadian Subsidiary Guarantors in a sentence

• The Lead Borrower acknowledges that all inspections, appraisals and reports are prepared by the Administrative Agent and Lenders for their purposes, and the Borrowers and the Canadian Subsidiary Guarantors shall not be entitled to rely upon them.

• All proceeds payable to the Borrowers or the Canadian Subsidiary Guarantors, as applicable, under each such policy shall be payable to the applicable Agent for application to the Obligations, except to the extent otherwise provided in Section 9.17(k)(ii) hereof.

• At any time an Event of Default exists, the Administrative Agent shall have the right to settle or adjust all disputes and claims directly with the Account Debtor and to compromise the amount or extend the time for payment of any Accounts comprising a part of the Collateral upon such terms and conditions as the Administrative Agent may deem advisable, and to charge the deficiencies, costs and expenses thereof, including attorneys’ fees, to the applicable Borrowers and Canadian Subsidiary Guarantors.

• No such inspection or visit shall unduly interfere with the business or operations of any Borrower or Canadian Subsidiary Guarantors, nor result in any damage to the property or other Collateral.

• Section (4) Election CommitteeAn election committee of at least 3 members and no more than 9 shall be appointed by the Local Union President no later than February 1 of the election year.

More Definitions of Canadian Subsidiary Guarantors

Canadian Subsidiary Guarantors each Canadian Subsidiary that is a Subsidiary Guarantor.

Canadian Subsidiary Guarantors the Wholly-Owned Subsidiaries of the Parent Borrower that are organized under the laws of Canada or any jurisdiction in Canada.

Canadian Subsidiary Guarantors means, collectively, (i) Michaels of Canada ULC and (ii) each other Canadian Subsidiary of the Borrower that, in the sole discretion of the Borrower, shall have entered into the Canadian Guarantee and complied with the requirements of clause (b) of the definition of “Collateral and Guarantee Requirement”.

Canadian Subsidiary Guarantors means each Subsidiary of the Canadian Borrower that becomes a party to the Canadian Guarantee after the Closing Date pursuant to Section 9.11 or otherwise.

Canadian Subsidiary Guarantors means, collectively, all direct and indirect Canadian Subsidiaries in existence on the Closing Date (other than the Canadian Borrower) or which become a party to the Canadian Subsidiary Guaranty Agreement pursuant to Section 8.14.

Canadian Subsidiary Guarantors means each of the Persons identified as a "Canadian Subsidiary Guarantor" on the signature pages hereto and each Person which may hereafter guaranty the Canadian Obligations by its execution of a Joinder Agreement pursuant to Section 7.12, together with their successors and permitted assigns, and "Canadian Subsidiary Guarantor" means any one of them.

Canadian Subsidiary Guarantors. (a) each Subsidiary of the Canadian Borrower 80% or more of the common Equity Interests of which is owned by the Canadian Borrower, directly or indirectly, and (b) each Subsidiary of the Canadian Borrower that is or becomes a party to the Canadian Guarantee and Pledge Agreement.