Examples of ULC Shares in a sentence
Therefore, notwithstanding any provisions to the contrary contained in this Agreement, the Loan Agreement or any other document in connection therewith, where the Borrower is the registered owner of ULC Shares which are Collateral, the Borrower shall remain the sole registered owner of such ULC Shares until such time as such ULC Shares are effectively transferred into the name of the Administrative Agent or any other Person on the books and records of the applicable ULC.
To the extent any provision hereof would have the effect of constituting the Administrative Agent as a member or a shareholder, as applicable, of any ULC prior to such time, such provision shall be severed herefrom and shall be ineffective with respect to ULC Shares which are Collateral without otherwise invalidating or rendering unenforceable this Agreement or invalidating or rendering unenforceable such provision insofar as it relates to Collateral which is not ULC Shares.
The current edition of the Standard Specifications for Road, Bridge, and Municipal Construc tion or equivalent, will be used as the standard for design and con- struction of board funded projects.
Such Grantor will permit any registerable Pledged Collateral owned by it (other than Pledged Collateral comprised of ULC Shares) to be registered in the name of the Collateral Agent or its nominee at any time an Event of Default has occurred and is continuing at the option of the Collateral Agent.
The Applicable Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in the name of the applicable Pledgor, endorsed or assigned in blank or, except in the case of the Pledged ULC Shares, in favor of the Applicable Agent or, except in the case of Pledged ULC Shares, if an Event of Default shall have occurred and be continuing, in its own name as pledgee or the name of its nominee (as pledgee or as sub-agent).