Common use of Certain Requirements in Respect of Merger, Etc Clause in Contracts

Certain Requirements in Respect of Merger, Etc. The Corporation shall not enter into any transaction, whether by way of amalgamation (except a vertical short-form amalgamation with one or more of its wholly-owned Subsidiaries pursuant to the Canada Business Corporations Act), merger, reconstruction, reorganization, consolidation, transfer, sale, lease or otherwise, whereby all or substantially all of its undertaking, property and assets would become the property of any other Person or, in the case of any such amalgamation, of the continuing corporation resulting therefrom, but may do so if:

Certain Requirements in Respect of Merger, Etc. The Corporation shall not enter into any transaction, transaction (whether by way of amalgamation (except a vertical short-form amalgamation with one or more of its wholly-owned Subsidiaries pursuant to the Canada Business Corporations Act), mergerreorganization, reconstruction, reorganizationconsolidation, consolidationamalgamation, merger, transfer, sale, lease or otherwise, ) whereby 58 -52- all or substantially all of its undertaking, property and assets would become the property of any other Person or, in the case of any such amalgamation, of the continuing corporation resulting therefrom, but may do so iftherefrom unless:

Certain Requirements in Respect of Merger, Etc. The Corporation shall not enter into any transaction, whether by way of amalgamation (except a vertical short-form amalgamation with one or more of its wholly-owned Subsidiaries subsidiaries pursuant to the Canada Business Corporations Act), merger, arrangement, reconstruction, reorganization, consolidation, transfer, sale, lease or otherwise, otherwise whereby all or substantially all of its undertaking, property and assets would become the property of any other Person or, in the case or of any such amalgamation, of the continuing corporation resulting therefrom, unless, but may do so if: