Collateral Benefits Clause Samples

Collateral Benefits. Other than as set out in Section 3.1(tt) of the Nomad Disclosure Letter, as of the date hereof, to the knowledge of the Company, no related party of the Company (within the meaning of MI 61-101) together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Company Shares, except for related parties who will not receive a “collateral benefit” (within the meaning of MI 61-101) as a consequence of the transactions contemplated by this Agreement.

Collateral Benefits. Except as set forth in Section 28 of the Company Disclosure Letter, no Related Party of the Company together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Common Shares, except for related parties who will not receive a "collateral benefit" (within the meaning of Ml 61-101) as a consequences of the transactions contemplated by this Agreement, including the Arrangement.

Collateral Benefits. No related party of the Company (within the meaning of MI 61-101 — Insider Bids, Issuer Bids, Going Private Transactions and Related Party Transactions) together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Shares, except for related parties who will not receive a “collateral benefit” (within the meaning of such instrument) as a consequence of the transactions contemplated by this Agreement.

Collateral Benefits. The Carlisle Board shall forthwith after the date hereof, and in sufficient time for the determination of such committee to be included in the Carlisle Circular, constitute a committee of independent directors meeting the requirements of MI 61-101 to determine whether the value of any additional benefit that any related party of Carlisle is expected to receive in connection with the Arrangement is or is not a “collateral benefit” as defined in MI 61-101 or is otherwise required to be disclosed in the Carlisle Circular.

Collateral Benefits. As of the date hereof, to the knowledge of Basin, no related party of Basin (within the meaning of MI 61-101) together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Basin Shares (as determined under MI 61-101), except for related parties who will not receive a “collateral benefit” (within the meaning of MI 61-101) as a consequence of the Transactions.

Collateral Benefits. Other than as set out in Schedules 3.1(aa) and “A” of the RDK Disclosure Letter, RDK is not indebted to any director, officer, employee or agent of, or independent contractor to, RDK or any of its affiliates or associates (except for amounts due as normal salaries and bonuses and in reimbursement of ordinary expenses). Except as disclosed in the RDK Information Record as set out in Section 3.1(ii) of the RDK Disclosure Letter, on or before the date hereof, no director, officer, employee or agent of RDK or any of its affiliates or associates is a party to any loan, contract, arrangement or understanding or other transactions with RDK required to be disclosed pursuant to applicable securities Law. Except as set out in Section 3.1(ii) of the RDK Disclosure Letter, there are no contracts or other transactions between RDK, on the one hand, and any (i) officer or director of RDK, (ii) any holder of record or beneficial owner of 2% or more of any class of the voting or non-voting equity securities of RDK, or (iii) any affiliate or associate of any such officer, director or beneficial owner, on the other hand.

Collateral Benefits. None of Parent, Offeror or their affiliates has entered into any collateral agreement, commitment or understanding with any shareholder of the Company that has the effect of providing to such shareholder, as a consequence of the Offer, a consideration of greater value than that offered pursuant to the Offer, except for benefits to be received solely in connection with services as an employee, director or consultant of the Company or its affiliates or of a successor to the business of the Company.

Collateral Benefits. The XS Board represents and warrants that it has formed a committee of independent directors meeting the requirements of MI 61-101 (the “Special Committee”) to determine whether the value of any additional benefit that any related party of XS is expected to receive in connection with the Arrangement is or is not a “collateral benefit” as defined in MI 61-101 or is otherwise required to be disclosed in the XS Circular.

Collateral Benefits. The AuRico Board shall forthwith after the date hereof, and in sufficient time for the determination of such committee to be included in the AuRico Circular, constitute a committee of independent directors meeting the requirements of MI 61-101 to determine whether the value of any additional benefit that any related party of AuRico is expected to receive in connection with the Arrangement is or is not a “collateral benefit” as defined in MI 61-101 or is otherwise required to be disclosed in the AuRico Circular. The Alamos Board shall forthwith after the date hereof, and in sufficient time for the determination of such committee to be included in the Alamos Circular, constitute a committee of independent directors meeting the requirements of MI 61-101 to determine whether the value of any additional benefit that any related party of Alamos is expected to receive in connection with the Arrangement is or is not a “collateral benefit” as defined in MI 61-101 or is otherwise required to be disclosed in the Alamos Circular.