Common use of Articles of Arrangement and Effective Date Clause in Contracts

Articles of Arrangement and Effective Date. (1) Corporation shall file the Articles of Arrangement with the Director as soon as reasonably practicable after the satisfaction or, where not prohibited, the waiver by the applicable Party or Parties in whose favour the condition is stipulated, of the conditions set out in Article 6 (excluding conditions that, by their terms, cannot be satisfied until the Effective Date, but subject to the satisfaction or, where not prohibited, the waiver by the applicable Party or Parties in whose favour the condition is stipulated, of those conditions as of the Effective Date), unless another time or date is agreed to in writing by the Parties. From and after the Effective Time, the Arrangement will have all of the effects provided by applicable Law, including the CBCA. (2) The closing of the Arrangement will take place at the Vancouver offices of Blake, Xxxxxxx & Xxxxxxx LLP or at such other location as may be agreed upon by the Parties.

Articles of Arrangement and Effective Date. (1a) Corporation The Company shall file the Articles of Arrangement with the Director as soon as reasonably practicable Director, and the Effective Date shall occur, on the date which is three Business Days after the satisfaction or, where not prohibited, the waiver by the applicable Party or Parties in whose favour the condition is stipulated, of the date on which all conditions set out forth in Article 6 Section 6.1, Section 6.2 and Section 6.3 have been satisfied or waived (excluding conditions that, by their terms, cannot be satisfied until the Effective Date, but subject to the satisfaction or, where not prohibited, the waiver by the applicable Party or Parties in whose favour the condition is stipulatedis, of those conditions as of the Effective Date), unless another time or date is agreed to in writing by the Parties. From and after the Effective Time, the Arrangement will have all of the effects provided by applicable Law, including the CBCA. (2b) The closing of the Arrangement (the “Closing”) will take place at the Vancouver offices of Blake, Xxxxxxx & Xxxxxxx LLP electronically or at such other location as may be agreed upon by the Parties.