Canada Closing Sample Clauses
The "Canada Closing" clause defines the specific conditions and procedures required for the completion of a transaction in Canada. It typically outlines the necessary approvals, documentation, and regulatory compliance steps that must be satisfied before the closing can occur, such as obtaining governmental consents or meeting local legal requirements. This clause ensures that all parties are aware of and adhere to the unique legal and procedural obligations associated with closing a deal in Canada, thereby reducing the risk of delays or legal complications.
Canada Closing. Solely for purposes of interpreting and applying the provisions of this Agreement related to Taxes (and the associated defined terms) in respect of any Transferred Asset or Assumed Liability transferred pursuant to the Canada Closing or any Contemplated Transaction consummated pursuant to the Canada Closing, the term “Closing Date” shall be deemed to refer to the Canadian Closing Date and the term “Closing” shall be deemed to refer to the Canada Closing.
Canada Closing. The US Seller shall have received confirmation satisfactory to it that the conditions contained in Article 6 of the Canada Supplement shall have been satisfied or waived (other than the condition contained in Sections 6.1.4 and 6.2.4) and that the Canada Closing shall occur immediately following the Closing.
Canada Closing. (a) In the event the Canadian Requisite Approvals are not obtained prior to the Closing Date, the transfer of the Canadian Assets pursuant to the Canadian Assignment Agreement shall not occur until the Canadian Closing Date, if any (the “Canada Closing”). Any Contemplated Transactions to occur at the Closing which instead occur on the Canadian Closing Date shall be deemed to have occurred simultaneously at 12:01 a.m. on the Canadian Closing Date.
(b) In the event the transfer of the Canadian Assets is delayed in accordance with Section 3.3(a), the Company shall cause ▇▇▇▇▇▇ Canada Systems, Inc. to comply with the provisions of Section 7.4 with respect to the Canadian Assets until the earlier of (i) such time as the transfer of the Canadian Assets is complete on the Canadian Closing Date and (ii) the denial described in Section 3.3(c) is complete.
(c) In the event that any of the Canadian Requisite Approvals are denied and such denial is final, binding and non-appealable, the Canadian Assets shall not transfer to the Canadian Buyer, and the Canadian Assignment Agreement shall be deemed null and void.