Section 347 definition

Section 347 shall have the meaning assigned to such term in Section 2.19(a).

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Section 347 has the meaning set forth in Section 12.15.

Section 347 shall have the meaning assigned to such term in Section 2.19(a). “Secured Net Leverage Ratio” shall mean, with respect to any Calculation Date, the ratio of (a) Consolidated Total Net Debt as of the Calculation Date (other than any portion of Consolidated Total Net Debt that is unsecured) to (b) Consolidated EBITDA for the Test Period most recently ended prior to the Calculation Date for which financial information has been 72 1120544.02G-CHISR02A - MSW

Examples of Section 347 in a sentence

• In this paragraph the terms "interest", "criminal rate" and "credit advanced" have the meanings ascribed to them in Section 347 of the Criminal Code (Canada) as amended from time to time.

• In no event shall the aggregate “interest” (as defined in Section 347 (the “Criminal Code Section”) of the Criminal Code (Canada)), payable to any Lender under this Agreement or any other Loan Document exceed the effective annual rate of interest lawfully permitted under the Criminal Code Section.

• In this paragraph the terms “interest”, “criminal rate” and “credit advanced” have the meanings ascribed to them in Section 347 of the Criminal Code (Canada) as amended from time to time.

• Publisher (Licensor) agrees that it is also responsible for costs associated with the Evaluation and Validation of the Evaluation as outlined in Section 3.4.7. There are no costs to the Publisher (Licensor) for patent(s) listed in Tier 3.

• Notwithstanding any provision to the contrary contained in this Agreement, in no event shall the aggregate "interest" (as defined in Section 347 of the Criminal Code, Revised Statutes of Canada, 1985, C.

• Notwithstanding the provisions of this Article 3 or any other provision of this Agreement, in no event shall the aggregate “interest” (as that term is defined in Section 347 of the Criminal Code (Canada)) exceed the effective annual rate of interest on the “credit advanced” (as defined therein) lawfully permitted under Section 347 of the Criminal Code (Canada).

• Any amount or rate of interest referred to in this clause (d) shall be determined in accordance with generally accepted actuarial practices and principles over the maximum term of this Agreement (or over such shorter term as may be required by Section 347 of the Criminal Code (Canada)) and, in the event of a dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by the Administrative Agent shall be conclusive for the purposes of such determination, absent manifest error.

• This Section 347 excludes any New ILC or New Survey governed under § 9 (New ILC, New Survey).

• Additionally, in no event shall the aggregate “interest” (as defined in Section 347 of the Criminal Code, Revised Statutes of Canada, 1985, C.

• However, notwithstanding anything in this Agreement, the provisions of this Section 4.1 shall be deemed void and unenforceable on their terms in the event Voluntary Termination With Good Reason occurs as a result of Section 3.4(7) of this Agreement.

More Definitions of Section 347

Section 347 has the meaning given to such term in Section 6(b).

Section 347 shall have the meaning assigned to such term in Section 2.19(a). “Secured Debt Agreement” shall mean (i) this Agreement and (ii) the other Loan Documents. “Secured Hedge Provider” shall mean (i) any person that is a counterparty to a Hedging Agreement with any Loan Party that was a Lender, Arranger or Agent (or an Affiliate of a Lender, Arranger or Agent) on the date of entering into such Hedging Agreement (or, with respect to Hedging Agreements in effect at the Closing Date, on the Closing Date), (ii) any other person that is counterparty to a Hedging Agreement with any Loan Party if, at or prior to the time such Hedging Agreement is entered into, the Designated Company shall designate such person as a “Secured Hedge Provider” in a notice to the Administrative Agent and the Collateral Agent, which person shall execute a Secured Hedge Provider Joinder, (iii) any Person that is a counterparty to a Hedging Agreement with any Loan Party that is in effect on the Closing Date and was entered into prior to the Closing Date to the extent that such Person is listed as a “Secured Hedge Provider” on Schedule 1.01(d), which Person shall become a Secured Hedge Provider on the day following the Closing Date but shall cease to be a Secured Hedge Provider if such Person fails to execute a Secured Hedge Provider Joinder on or prior to the ninetieth (90th) day after the Closing Date, and (iv) any Person that is a counterparty to a Hedging Agreement with a Subsidiary acquired by the Companies pursuant to the Aleris Acquisition that is in effect on the Aleris Acquisition Closing Date and was entered into prior to the Aleris Acquisition Closing Date, solely to the extent; provided that (x) such Person has executed and deliveredshall cease to be a Secured Hedge Provider Joinder on or prior to the ninetieth (date that is 90th) day days after the Aleris Acquisition Closing Date (or such later dateddate agreed by the Administrative Agent) and (y) the Companies 98 1031947.12E-CHISR1060441.10-CHISR01A - MSW

Section 347 has the meaning specified in Section 2.16(a). “Secured Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated Secured Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Company for such Test Period. “Secured Parties” means, collectively, the Administrative Agent, the Lenders, the Supplemental Administrative Agent, any Receiver or Delegate, and each co-agent or sub- agent appointed by the Administrative Agent from time to time pursuant to Section 9.01(c). “Securities Act” means the Securities Act of 1933, as amended.