WURA definition

WURA means the Winding-Up and Restructuring Act (Canada).

WURA means the Winding-Up and Restructuring Act (Canada), as amended.

WURA means the Winding-Up and Restructuring Act (Canada), and any regulations promulgated thereunder, if any, as amended from time to time.

Examples of WURA in a sentence

• There are three main insolvency statues in Canada: (1) the Bankruptcy and Insolvency Act (BIA); (2) the Companies’ Creditors Arrangement Act (CCAA); and (3) the Winding-Up and Restructuring Act (WURA).

• The WURA is a liquidation statute designed to deal with, among other things, the formal liquidation of certain regulated entities including financial institutions and insurance companies.

• If the Guarantor LP voluntarily or involuntarily becomes subject to insolvency or winding-up proceedings including pursuant to the BIA, the CCAA or the WURA or if a receiver is appointed over the Issuer pursuant to the Bank Act, it may delay or otherwise impair any realization by the Bond Trustee (for itself and on behalf of the other Secured Creditors) under the Covered Bond Guarantee and/or the Security Agreement.

• The WURA contains two sets of provisions with potential application to a Security Document.

• Because the WURA applies to limited types of entities and, consequently, liquidations are far less common than bankruptcies, the jurisprudence is not very well developed.

More Definitions of WURA

WURA means the Wind-Up and Restructuring Act (Canada).

WURA means the Winding-Up and Restructuring Act (Canada), R.S.C., 1985, c. W-11, as now and hereafter in effect, or any successor statute.

WURA means Winding-Up and Restructuring Act, R.S.C. 1985, c. W-11.

WURA means the Winding-Up and Restructuring Act (Canada) and any other statute hereafter enacted in substitution therefor, as such act or substituted statute may be amended from time to time.

WURA means the Winding Up and Restructuring Act, as the same now exists or may from time to time hereafter be amended, modified, recodified or supplemented, together with all official rules, regulations and interpretations thereunder or related thereto.

WURA means the Winding-Up and Restructuring Act (Canada). CG&R Draft Last Saved: 02/0620/2013 14:3244 pm 10174795v19

WURA means the Winding-Up and Restructuring Act (Canada). “Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.