Competition Act Clause Samples
The Competition Act clause ensures that the parties to an agreement comply with applicable competition and antitrust laws. It typically requires each party to avoid engaging in anti-competitive practices such as price-fixing, market allocation, or abuse of dominant position, and may obligate them to notify or seek approval from competition authorities if the transaction meets certain thresholds. This clause is essential for preventing legal violations that could result in fines or the invalidation of the agreement, thereby protecting both parties from regulatory risks and ensuring lawful business conduct.
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Competition Act. The aggregate value of the assets of the Company, including its subsidiaries, and the annual gross revenues from sales in or from Canada generated from those assets do not exceed, in either case, C$73 million as determined pursuant to subsection 110 of the Competition Act (Canada), as amended, and the regulations thereto.
Competition Act. Neither the aggregate value of the assets in Canada of ▇▇▇▇▇▇▇▇▇ and any corporations that it controls, nor the aggregate gross revenues from sales in or from Canada generated from those assets, as determined in accordance with subsection 110(3) of the Competition Act exceed $80,000,000.
Competition Act. The Council reserves the right in appropriate circumstances to make this Agreement and all documents related or connected to it available to the Office of Fair Trading and other statutory regulators.
Competition Act. Under Canadian law, a Proponent’s Proposal must be prepared without conspiracy, collusion, or fraud. For more information on this topic, visit the Competition Bureau website at ▇▇▇▇://▇▇▇.▇▇-▇▇.▇▇.▇▇/eic/site/cb- bc.nsf/eng/01240.html, and in particular, part VI of the Competition Act, R.S.C. 1985, c. C-34.
Competition Act. Competition Act Approval shall have been obtained.
Competition Act. Each of (i) the aggregate value of the assets in Canada that are owned by the Company or by entities controlled by the Company, and (ii) the gross revenues from sales in or from Canada generated from the assets described in (i), do not exceed CAD$93 million, all values being determined in accordance with the Competition Act (Canada) and the regulations thereunder.
Competition Act. Assuming that the Effective Date is the date of this agreement, Acquireco together with its affiliates (as defined in the Competition Act (Canada)) do not have: (a) total assets in Canada that exceed Can$125 million, which for these purposes in respect of mineral royalties means royalties in mines in Canada; or (b) annual gross revenues from sales in, from or into Canada exceeding Can$125 million, in either case, as determined pursuant to section 109 of the Competition Act (Canada), provided that, for the purposes of clause (c) of Schedule D, the assumption that the Effective Date is the date of this agreement will not apply.
Competition Act. The aggregate value of all assets in Canada that are owned by the Company and by corporations controlled by the Company (other than assets that are shares of any of those corporations) or the annual gross revenues from sales in and from Canada generated from such assets do not exceed, in either case $50 million as determined pursuant to subsection 110(3) of the Competition Act.
Competition Act. The Purchaser, together with its affiliates (as such term is defined under the Competition Act), neither has assets in Canada with an aggregate value in excess of CAD$50 million nor aggregate gross revenues from sales in, from or into Canada in excess of CAD$50 million, all as determined in accordance with section 109 of the Competition Act and the regulations thereto.
Competition Act. The transactions contemplated by this Agreement are not subject to notification under Part IX of the Competition Act (Canada) as neither ▇▇▇▇▇▇▇▇’▇ assets in Canada nor its gross revenues from sales in or from Canada, exceed the thresholds set out in Section 110 of the Competition Act (Canada), as determined in accordance with the Notifiable Transaction Regulations thereto.