Examples of Terra Canada in a sentence
The Bank Term Notes are secured by substantially all assets of Terra Canada, a beneficially owned subsidiary of Terra.
All formalities (if any) required under the laws of Canada and England in respect of Terra Canada and Terra UK, for the validity and enforceability of each of the Loan Documents (including, without limitation, any necessary registration, recording or filing with any court or other authority therein), except as otherwise expressly provided herein, have been accomplished, and no Taxes are required to be paid and no notarization is required, for the validity and enforceability thereof.
Terra Canada will subscribe for one common share of Newco in exchange for a contribution of C$1.00 to the capital of Newco.
Except for the authorization and approval of its board of directors and its sole stockholder (which authorization and approval will be obtained before the Closing), the performance of this Agreement by Terra Canada does not require any other consent of such corporation or stockholder.
The remaining two Agromarts(TM) are wholly owned by Terra Canada.
No later than the date three days following the occurrence of the transactions described in Paragraph 2 above, Terra Canada will sell the issued and outstanding common share of Newco to HBMS for C$1.00.
This Agreement and each of the other Loan Documents are in proper legal form under the laws of Canada and England for the enforcement thereof against Terra Canada and Terra UK respectively under such laws, and if each of the Loan Documents were stated to be governed by such law, they would constitute legal, valid and binding obligations of Terra Canada and Terra UK, as the case may be, thereunder, enforceable in accordance with their respective terms.
Newco may, at its option, repay or prepay the Newco Note through an assignment of the Option to Terra Canada.
The obligations of Newco to Terra Canada in respect of the Newco Note will be secured by a pledge of the Option; Terra Canada will have no other right of recourse against Newco in respect of the Newco Note.
No other consideration will be received by Terra Canada, and no other property will be transferred by Terra or any of its Subsidiaries to Newco, in respect of the elements of the Terra Canada Transaction described in this Paragraph 1.