MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks
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16.04 Taxes and Fees. Except as provided in Section 2.05, Buyer shall pay all license<br />
fees, assessments and sales, use, excise, property and other taxes now or hereafter imposed by<br />
any governmental body or authority with respect to the possession, use, sale, transfer,<br />
consignment, delivery or ownership of the Consigned Products.<br />
16.05 [Goods and Services Tax/VAT Tax]. 7<br />
16.06 Security Interests.<br />
(a) Registration. Seller may at its expense apply for any registration, or give any<br />
notification, in connection with a security interest created under this Agreement.<br />
(b) Financing Statements and Other Documents. Buyer shall execute (and file if<br />
required by Seller) such standard financing statement forms or other documents (e.g., as may be<br />
required under UCC-1 in the United States or under corresponding regulations in other<br />
jurisdictions required by Seller) as Seller may request to be filed with any and all jurisdictions<br />
required by Seller evidencing Seller’s ownership of the Consigned Products, whether stored at<br />
Buyer’s facilities or any other location, or providing Seller with more effective security over the<br />
Consigned Products, including ensuring that such security is enforceable, perfected, registered,<br />
has priority over competing security interests or is otherwise effective. Buyer shall, upon Seller’<br />
request, promptly execute any extensions or continuations of such financing statements or other<br />
documents and to file such extensions and continuations in the applicable jurisdiction’s records.<br />
Buyer shall execute, deliver and file all public notices required by Seller, in any jurisdiction<br />
required by Seller, to evidence Seller’s ownership of the Consigned Products. Strictly for<br />
purposes of this Agreement, Buyer appoints Seller as its attorney-in-fact for execution on behalf<br />
of Buyer of any financing statements that are deemed necessary by Seller in order to protect<br />
Seller’s interests in the Consigned Products.<br />
(c) Security Agreement. Seller shall have the right to use this Agreement as a<br />
“security agreement” in connection with its interest in the Consigned Products.<br />
(d) No Other Security Interest or Lien. Buyer shall not grant, and shall not permit to<br />
be granted, any security interest or lien in the Consigned Products in favor of any person or<br />
entity other than Seller, except with the prior written consent of Seller. Buyer shall perform all<br />
actions requested by Seller to ensure that no security interest or lien attaches to the Consigned<br />
Products at any Buyer facilities or other location. Buyer waives any security interest or lien that<br />
it may now or subsequently have against the Consigned Products (whether now existing or<br />
subsequently acquired by Buyer), whether arising by custom or common or statutory law or<br />
otherwise, including any security interest or lien arising by reason of Buyer’s performance of its<br />
obligations under this Agreement.<br />
7 Applicable tax provisions to be added by local counsel, as appropriate.<br />
D-5<br />
Exhibit D<br />
Form of Consignment Agreement