UR Canada definition

UR Canada means United Rentals of Canada, Inc., an Ontario corporation. --------- U.S. Dollar and the sign "U.S.$" mean lawful money of the United States of ----------- ----- America.

UR Canada has the meaning specified in the introductory paragraph to this Agreement.

UR Canada means United Rentals of Canada, Inc., a corporation organized and existing under the laws of Canada.

Examples of UR Canada in a sentence

• Certified copies of all documents evidencing any -------------- necessary corporate action, consents and governmental approvals (if any) required for the execution, delivery and performance by Parent, the Company, UR Canada and each other Subsidiary of the documents referred to in this Section ------- 11.

• If acceleration of the time for payment of -------------------- any amount payable by UR Canada under this Agreement or any Note is stayed upon the insolvency, bankruptcy or reorganization of UR Canada, all such amounts otherwise subject to acceleration under the terms of this Agreement shall nonetheless be payable by the Company hereunder forthwith on demand by the U.S. Agent made at the request of the Required Banks.

• In addition (and without limiting the foregoing), upon any Loan to UR Canada being declared or otherwise becoming immediately due and payable pursuant to Section 12.2, the Company shall forthwith on demand pay all amounts ------------ payable in respect of such Loan at the place, in the currency and in the manner specified in this Agreement.

• If at any time any payment of principal, interest or any other amount payable by UR Canada under this Agreement or any Note is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of UR Canada or otherwise, the Company's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

• Upon failure by UR Canada to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place, in the currency and in the manner specified in this Agreement.

• This agreement shall be binding upon the ---------------------- Company, UR Canada, the Banks and the Agents and their respective successors and assigns, and shall inure to the benefit of the Company, UR Canada, the Banks and the Agents and the respective successors and assigns of the Banks and the Agents.

• No Agent-Related Person shall be under any obligation to any Bank to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of the Company, UR Canada or any of the Company's other Subsidiaries or Affiliates.

• All contributions required under applicable law have been made in respect of all pension plans of UR Canada and each of its Subsidiaries and each such pension plan is fully funded on an ongoing and termination basis.

• The Company's obligations as guarantor hereunder shall remain in ------------- full force and effect until the Commitments shall have terminated and all obligations of UR Canada under this Agreement and each Note shall have been paid in full.

• The Company hereby absolutely, unconditionally and -------- irrevocably guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by UR Canada, and the full and punctual payment of all other amounts payable by UR Canada under this Agreement.

More Definitions of UR Canada

UR Canada has the meaning specified in the introductory paragraph to this Agreement. “U.S. Availability” means, at any time, (a) the lesser of (i) the Maximum Revolver Amount and (ii) the U.S. Borrowing Base, minus (b) the sum of (i) the Aggregate U.S. Revolver Outstandings, (ii) the Aggregate ROW Revolver Outstandings, (iii) the Aggregate French Swingline Outstandings, (iv) the Aggregate Canadian Revolver Outstandings Funded On U.S. Borrowing Base and (v) the Aggregate ANZ Revolver Outstandings. “U.S. Bank” means Bank of America, N.A., a national banking association, or any successor entity thereto. “U.S. Borrowers” has the meaning specified in the introductory paragraph to this Agreement. “U.S. Borrowing Base” means, at any time, an amount in Dollars equal to: (a) the sum of (i) the lesser of (x) $100,000,000 and (y) the Merchandise and Consumables Inventory Formula Amount with respect to the U.S. Obligors; plus (ii) the lesser of (x) 100% of the Net Book Value of Eligible Rental Equipment of the U.S. Obligors and (y) 85% of the Net Orderly Liquidation Value of the Eligible Rental Equipment of the U.S. Obligors; minus (b) the sum of (i) the amount of Pari Passu Debt Reserves with respect to Indebtedness of the U.S. Obligors, plus (ii) the amount of all other Reserves related to the U.S. Credit Facilities, the ROW Credit Facilities, the French Credit Facility and/or the ANZ Credit Facilities from time to time established by the Agent in accordance with Section 2.9 of this Agreement or in accordance with the definition of “Waterfall Priority Hedge Agreement Reserve”. “U.S. Collateral” means all of the U.S. Obligors’ personal property from time to time subject to the Agent’s Liens securing payment or performance of any Obligations pursuant to the U.S. Security Documents, other than Excluded Assets (as defined in the U.S. Security Agreement). “U.S. Credit Facilities” means the revolving credit, swingline and letter of credit facilities provided for by this Agreement extended to the U.S. Borrowers. “U.S. Government Securities Business Day” means any Business Day, except any Business Day on which any of the Securities Industry and Financial Markets Association, the New York Stock Exchange or the Federal Reserve Bank of New York is not open for business because such day is a legal holiday under the federal laws of the United States or the laws of the State of New York, as applicable. “U.S. Guarantee Agreement” means the Third Amended and Restated U.S. Guarantee Agreement...