Qualified Canadian definition
Examples of Qualified Canadian in a sentence
The General Partner shall keep or cause to be kept at its principal place of business in Ontario a current Record stating for each Limited Partner that information required under the Act, including the Limited Partner’s name, status as to Qualified Canadian, address, Ontario corporation number, if any, the amount of money and/or the value of other property contributed or to be contributed by the Limited Partner to the Partnership and the number and type of Units held by each Limited Partner.
At all times after a Qualified Canadian Borrower IPO, more than 50% of the voting power of the total outstanding Voting Stock of each Borrower will be owned directly or indirectly by Hindalco; provided that the Tulip Foundation may indirectly own Equity Interests in Aleris Rolled Products and Aleris Casthouse if the Tulip Conditions are satisfied at all times.
Each Holder of Securities who is a Qualified Canadian is entitled to receive Voting Shares upon the delivery to the Trustee of a duly completed Residency Declaration to the effect that such Holder is a Qualified Canadian.
Each Holder of Securities who is not a Qualified Canadian is entitled to receive Variable Voting Shares upon the delivery to the Trustee of a duly completed Residency Declaration to the effect that such Holder is not a Qualified Canadian.
All Rental Equipment (x) located in the United States or any State thereof shall at all times be owned by the Borrower or a U.S. Subsidiary Guarantor organized under the laws of a State of the United States and (y) all Rental Equipment located in Canada shall at all times be owned by a Canadian Subsidiary Guarantor organized under the laws of a Qualified Canadian Jurisdiction.
At all times after a Qualified Canadian Borrower IPO, more than 50% of the voting power of the total outstanding Voting Stock of each Borrower will be owned directly or indirectly by Hindalco.
All Rental Equipment (x) located in the United States or any State thereof is owned by the Borrower or a US Subsidiary Guarantor organized under the laws of a State of the United States and (y) all Rental Equipment located in Canada is owned by a Canadian Subsidiary Guarantor organized under the laws of a Qualified Canadian Jurisdiction.
Prior to the occurrence of an Event of Default, the Canadian Lender shall only be permitted to make such assignment to a Qualified Canadian Lender.
Such notice shall be delivered to the Canadian Borrower no later than 5 Business Days prior to the date on which the Canadian Borrower is first obligated to make a payment in respect of the Canadian Obligation for the benefit of a Person who is not a Qualified Canadian Lender.
Each Canadian Revolving Lender may, at its option, make any Loan available to any Canadian Borrower by causing any foreign or domestic branch or Affiliate of such Qualified Canadian Lender to make such Canadian Revolving Loan; provided that any exercise of such option shall not affect the obligation of such Canadian Borrower to repay such Canadian Revolving Loan in accordance with the terms of this Agreement.