ARTICLE 1 - INTERPRETATION
1.1 Definition. In this Loan Agreement, unless the context otherwise requires, the
following words and phrases shall have the meanings set out below, respectively:- 2 -
(a) “Advance” means the advance of the Loan.
(b) “Business Day” means a day other than a Saturday, Sunday or public holiday
and on which banks are open for business in Toronto, Ontario.
(c) “Guarantee” has the meaning ascribed thereto in Section 2.4 (b) below:
(d) “Loan” has the meaning ascribed thereto in Section 2.1 below;
(e) “Loan Documents” means this Loan Agreement, the Security Agreement, the
Guarantee and any other documents to be executed and/or delivered to the
Lender by the Borrower or its counsel and;
(f) “Security Agreement” has the meaning ascribed thereto in Section 2.4 (a)
below.