IQ Security means (i) the movable hypothec in the aggregate principal amount of C$23,760,000 granted by the Company in favour of IQ-FDE in connection with the IQ Loan, which was registered at the RPMRR on January 24, 2020 under registration number 00-0000000-0000, (ii) the movable hypothec in the aggregate principal amount of C$6,000,000 granted by the Company in favour of IQ-FDE in connection with the IQ Bridge Loan, which was registered at the RPMRR on May 3, 2023 under registration number 23- 0511388-0001 and (iii) the conventional hypothec granted by Newco to IQ-FDE in connection with the IQ Loan Amendment on June 9, 2023 for an amount of C$23,760,000 registered at the RPMRR under registration number 00-0000000-0000;
IQ Security means (i) a deed of movable hypothec on a universality of claims made by Alithya Canada in favour of IQ for an amount of $16,666,667 and registered at the Québec register of personal and movable real rights on November 29, 2021 under number 00-0000000-0000, (ii) a deed of movable hypothec on a universality of claims made by Xxxxxxx Canada in favour of IQ for an amount of $19,446,200, plus 20% of such amount, and registered at the Québec register of personal and movable real rights on November 09, 2022 under number 00-0000000-0000, and (iii) each subsequent deed of movable hypothec or other security document granted by any Obligor in favour of IQ strictly to finance an IQ Loan Facility and not the IQ Subordinated Debt. 1.1.99 “IQ Subordinated Debt” – means, collectively, the two subordinated loans in the amount of $10,000,000 each (maximum $20,000,000 in total) granted by IQ to the Borrower under or pursuant to a “convention de prêt amendée et réitérée” dated January 28, 2022, as amended, replaced, restated, supplemented or otherwise modified from time to time, in form and substance reasonably satisfactory to the Lenders and the Agent. 1.1.100 “IQ Subordination Agreement” – means the “convention de subordination et d’atermoiement” dated September 28, 2021 entered into between IQ and the Agent, as amended by an “amendement à la convention de subordination et d’atermoiement” dated January 28, 2022, as further amended, replaced, restated, supplemented or otherwise modified from time to time. 1.1.101 “ISDA Master Agreement” – means the applicable standard Master Agreement of the International Swaps and Derivatives Association, Inc. in effect from time to time and includes all its schedules, credit support annexes and all confirmations documented pursuant thereto. 1.1.102 “Issuing Bank” – has the meaning ascribed to such term in the Provisions. On the date hereof, BNS is an Issuing Bank. 1.1.103 “ITA” – means the Income Tax Act (Canada) and the regulations promulgated thereunder, as amended, supplemented or re-enacted from time to time. 1.1.104 “Landlord Agreement” – means a landlord agreement entered into from time to time among the applicable Obligor, the Agent and the landlord of the premises leased by such Obligor where inventory of the Obligor may be situated from time to time, including those landlords who hold or may hold a Lien on any of the Assets of the Borrower or any other Obligor in form and substance reasonably satisfactory to the Agent.
IQ Security has the meaning given to it in the Shareholders’ Agreement.
Examples of IQ Security in a sentence
All services delivered by IQ Security including but not limited to, add hock jobs, support agreements and after hours call outs will incur a Travel and Sundrys charge.
IQ 60-month warranty covers electronic hardware components across all security promoted by IQ Security, providing it under an IQ Maitenance agreement.
IQ Security Payment terms and claims are as follows • 50% deposit on placement of order• Terms are 20th of the following month• Project will be billed at the end of the month or as the sections are completed IQ Security project sections are as follows:• Prewire• Equipment• Installation• Commissioning and Training Project variations will be quoted and invoiced separately.
Direct Credit Bank: BNZAccount Name: IQ Security LimitedAccount No.
More Definitions of IQ Security
IQ Security means a deed of movable hypothec on a universality of claims made by Alithya Canada in favour of IQ dated as of February 23, 2017 for an amount of $5,400,000 $16,666,667 and registered at the Québec register of personal and movable real rights on November 29, 2021 under number 00-0000000-0000 00-0000000-0000, and each subsequent deed of movable hypothec or other security document granted by any Obligor in favour of IQ strictly to finance an IQ Loan Facility and not the IQ Subordinated Debt.” 2.19 Section 1.1.88A of the Amended and Restated Credit Agreement is hereby deleted and replaced with the following (changes underlined and bold or double-struckthrough): “1.1.88A “IQ Subordinated Debt” means, collectively, (i) a subordinated loan in the amount of $10,000,000 granted by IQ to the Borrower under or pursuant to a “convention de prêt” dated September 28, 2021 , as amended, replaced, restated, supplemented or otherwise modified from time to time, and (ii) a subordinated loan in the amount of $10,000,000 granted by IQ to the Borrower under or pursuant to a “convention de prêt” (substantially on the same terms and conditions as the “convention de prêt” described in (i) above) to be entered into between IQ and the Borrower, as amended, replaced, restated, supplemented or otherwise modified from time to
IQ Security means (i) a deed of movable hypothec on a universality of claims made by Xxxxxxx Canada in favour of IQ for an amount of $16,666,667 and registered at the Québec register of personal and movable real rights on November 29, 2021 under number 00-0000000-0000, (ii) a deed of movable hypothec on a universality of claims made by Alithya Canada in favour of IQ for an amount of $19,446,200, plus 20% of such amount, and registered at the Québec register of personal and movable real rights on November 09, 2022 under number 00-0000000-0000, and (iii) each subsequent deed of movable hypothec or other security document granted by any Obligor in favour of IQ strictly to finance an IQ Loan Facility and not the IQ Subordinated Debt.” 2.4 Section 12.1.11 of the Amended and Restated Credit Agreement is hereby deleted and replaced with the following: “12.1.11
IQ Security has the meaning specified in the form of Bond attached as Exhibit “A” hereto.
IQ Security means any Lien in favour of Investissement Québec (or any affiliate thereof) with respect to the universality (or a portion) of the Corporation’s receivables and accounts (including any tax credit), in each case granted as security for the Corporation’s obligations under a loan granted by Investissement Québec in favour of the Corporation.
IQ Security means a deed of movable hypothec on a universality of claims made by Alithya Canada in favour of IQ dated as of February 23, 2017 for an amount of $5,400,000 and registered at the Québec register of personal and movable real rights under number 10-0000000-0000, and each subsequent deed of movable hypothec or other security document granted by any Obligor in favour of IQ to finance an IQ Loan Facility.
IQ Security means a deed of movable hypothec on a universality of claims made by Alithya Canada in favour of IQ dated as of February 23, 2017 for an amount of $5,400,000 and registered at the Québec register of personal and movable real rights under number 00-0000000-0000, and each subsequent deed of movable hypothec or other security document granted by any Obligor in favour of IQ to finance an IQ Loan Facility. 1.1.89 “ISDA Master Agreement” – means the applicable standard Master Agreement of the International Swaps and Derivatives Association, Inc. in effect from time to time and includes all its schedules, credit support annexes and all confirmations documented pursuant thereto. 1.1.90 “Issuing Bank” – has the meaning ascribed to such term in the Provisions. On the date hereof, BNS is an Issuing Bank. 1.1.91 “ITA” – means the Income Tax Act (Canada) and the regulations promulgated thereunder, as amended, supplemented or re-enacted from time to time. 1.1.92 “Landlord Agreement” – means a landlord agreement entered into from time to time among the applicable Obligor, the Agent and the landlord of the premises leased by such Obligor where inventory of the Obligor may be situated from time to time, including those landlords who hold or may hold a Lien on any of the Assets of the Borrower or any other Obligor in form and substance reasonably satisfactory to the Agent. 1.1.93 “Leased Premises” – means the real and immovable property listed in Schedule 2.1.12 and any future real or immovable property leased by any of the Obligors, excluding any leases for the use of temporary offices and common spaces shared with other tenants or users. 1.1.94 “Lenders” – means, collectively, all of the banks and other financial institutions named as lenders on the signature pages of this Agreement and other lenders party from time to time hereto and their respective successors and Eligible Assignees who shall have executed an Assignment and Assumption as contemplated by Section 9.2 (F) of the Provisions, and “Lender” means any one of them. For greater certainty, and without limiting the generality of the foregoing, the term “Lender” includes BNS in its capacity as a Swingline Lender and Issuing Bank. 1.1.95 “Lenders’ Counsel” – means Xxxxxx Xxxxxx Xxxxxxx LLP and, in respect of any jurisdiction other than Québec, Ontario, Alberta and British Columbia, such other counsel in such jurisdictions as may be retained as counsel by or on behalf of the Agent and the Lenders. 1.1.96 “Letter of Cr...
IQ Security means a deed of movable hypothec on a universality of claims made by Alithya Canada in favour of IQ dated as of February 23, 2017 for an amount of $5,400,000 and registered at the Québec register of personal and movable real rights under number 00-0000000-0000, and each subsequent deed of movable hypothec or other security document granted by any Obligor in favour of IQ strictly to finance an IQ Loan Facility and not the IQ Subordinated Debt.” 2.4 The following sections 1.1.88A and 1.1.88B of the Amended and Restated Credit Agreement are hereby added between Sections 1.1.88 and 1.1.89: “1.1.88A “IQ Subordinated Debt” – means a subordinated loan in the amount of $10,000,000 granted by IQ to the Borrower under or pursuant to a “convention de prêt” dated September 28, 2021, as amended, replaced, restated, supplemented or otherwise modified from time to time. 1.1.88B “IQ Subordination Agreement” – means the “convention de subordination et d’atermoiement” dated September 28, 2021 entered into between IQ and the Agent, as amended, replaced, restated, supplemented or otherwise modified from time to time.” 2.5 Section 1.1.160 of the Amended and Restated Credit Agreement is hereby deleted and replaced with the following: “1.1.160 “Subordinated Debt” – of a Person means indebtedness of such Person for borrowed money, which is validly and effectively subordinated and postponed in right of payment of principal, interest and premium if any, to the payment in full of all amounts owing from time to time under or pursuant to the Obligations by way of an agreement in form and substance satisfactory to the Agent and the Lenders. The IQ Subordinated Debt shall be considered Subordinated Debt for this Agreement.” 2.6 The following section 13.1.4A of the Amended and Restated Credit Agreement is hereby added between Sections 13.1.4 and 13.1.5: “13.1.4A IQ Subordination Agreement: the Agent and IQ shall have entered into the IQ Subordination Agreement.” 2.7 Section 14.1.7 of the Amended and Restated Credit Agreement is hereby deleted and replaced with the following: “14.1.7