Common use of Additional Choom OpCos Clause in Contracts

Additional Choom OpCos. In the event that, after the Effective Date, any Affiliate of Choom, Choom BC, Choom ON and/or Choom AB that is not a party to this Agreement as at such date: (a) intend to begin owning, operating and/or otherwise participating in the management of licensed cannabis retail stores in the Territory; or (b) applies for any licences, permits, authorizations, certifications and/or other approvals required under applicable Retail Laws in order to do any of the activities listed in Section 2.3(a), then Choom, Choom BC, Choom ON and/or Choom AB (as applicable) shall cause such Person, prior to such Person beginning to perform any of the activities listed in Section 2.3(a), to become a party to this Agreement by executing and delivering to the other Parties a joinder agreement, substantially in the form attached hereto as Schedule β€œA”, pursuant to which such Person will agree to be bound by and subject to the terms of this Agreement as a Choom OpCo and thereafter such Person shall be deemed to be a Choom OpCo for all purposes under this Agreement.

Appears in 4 contracts

Samples: Omnibus Debt Restructuring Agreement, Debt Restructuring Agreement, Debt Restructuring Agreement

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