Common use of Competition Act Matters Clause in Contracts

Competition Act Matters. Either (i) the Competition Act Director shall have issued an Advance Ruling Certificate in respect of the Acquisition and shall not have subsequently withdrawn the Advance Ruling Certificate or indicated that he has obtained new information as a result of which the Competition Act Director is no longer satisfied that he would not have sufficient grounds on which to make an application under Section 92 of the Competition Act in respect of the Acquisition, (ii) the Competition Act Director or his representative shall have advised the Purchaser (on terms and in form satisfactory to them) that the Competition Act Director does not currently intend to make an application under Section 92 of the Competition Act in respect of the Acquisition, and such advice shall not have been amended or rescinded or (iii) the Parties determine that the Competition Act does not apply to the Acquisition.

Competition Act Matters. Either (i) the Competition Act Director shall have issued an Advance Ruling Certificate in respect of the Acquisition and shall not have subsequently withdrawn the Advance Ruling Certificate or indicated that he has obtained new information as a result of which the Competition Act Director is no longer satisfied that he would not have sufficient grounds on which to make an application under Section 92 of the Competition Act in respect of the Acquisition, (ii) the Competition Act Director or his representative shall have advised the Purchaser Seller (on terms and in form satisfactory to them) that the Competition Act Director does not currently intend to make an application under Section 92 of the Competition Act in respect of the Acquisition, and such advice shall not have been amended or rescinded or (iii) the Parties determine that the Competition Act does not apply to the Acquisition.

Competition Act Matters. Either (i) the Competition Act Director shall have issued an Advance Ruling Certificate in respect of the Acquisition Acquisitions and shall not have subsequently withdrawn the Advance Ruling Certificate or indicated that he has obtained new information as a result of which the Competition Act Director is no longer satisfied that he would not have sufficient grounds on which to make an application under Section 92 of the Competition Act in respect of the AcquisitionAcquisitions, or (ii) the Competition Act Director or his representative shall have advised the Purchaser Allied Parties (on terms and in form satisfactory to them) that the Competition Act Director does not currently intend to make an application under Section 92 of the Competition Act in respect of the AcquisitionAcquisitions, and such advice shall not have been amended or rescinded or (iii) the Parties determine that the Competition Act does not apply to the Acquisitionrescinded.