Common use of Competition Act Clause in Contracts

Competition Act. For the purposes of s. 110(2) of the Competition Act (Canada), each of (a) the total value of the Purchased Assets in Canada; and (b) the gross revenues from sales in or from Canada generated from the assets referred to in (a) above; measured in accordance with the Competition Act (Canada), are less than C$73 million or such other amount as is determined pursuant to ss. 110(8) and 110(9) of the Competition Act (Canada).

Appears in 2 contracts

Samples: Asset Purchase Agreement (Integrated Device Technology Inc), Asset Purchase Agreement (Integrated Device Technology Inc)

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Competition Act. For the purposes of s. 110(2) of the Competition Act (Canada), each Each of (ai) the total aggregate value of the Purchased Assets assets in Canada; Canada that are owned by the Company or by entities controlled by the Company, and (bii) the gross revenues from sales in or from Canada generated from the assets referred to described in (a) above; measured i), do not exceed CAD$93 million, all values being determined in accordance with the Competition Act (Canada), are less than C$73 million or such other amount as is determined pursuant to ss. 110(8) and 110(9) of the Competition Act (Canada).regulations thereunder. ​ ​

Appears in 2 contracts

Samples: Arrangement Agreement (Goodness Growth Holdings, Inc.), Arrangement Agreement (Goodness Growth Holdings, Inc.)

Competition Act. For the purposes of s. 110(2) of the Competition Act (Canada), each Each of (ai) the total aggregate value of the Purchased Assets assets in Canada; Canada that are owned by the Company or by entities controlled by the Company, and (bii) the gross revenues from sales in or from Canada generated from the those assets referred to described in (a) above; measured i), do not exceed $93 million, all values being determined in accordance with the Competition Act (Canada), are less than C$73 million or such other amount as is determined pursuant to ss. 110(8) and 110(9) of the Competition Act (Canada)Act.

Appears in 2 contracts

Samples: Agreement (Cresco Labs Inc.), Agreement (Columbia Care Inc.)

Competition Act. For the purposes of s. 110(2) of the Competition Act (Canada), each Each of (ai) the total aggregate value of the Purchased Assets assets in Canada; Canada that are owned by the Company or by entities controlled by the Company, and (bii) the gross revenues from sales in or from Canada generated from the assets referred to described in (a) above; measured i), do not exceed CAD$93 million, all values being determined in accordance with the Competition Act (Canada), are less than C$73 million or such other amount as is determined pursuant to ss. 110(8) and 110(9) of the Competition Act (Canada)regulations thereunder.

Appears in 1 contract

Samples: Arrangement Agreement (Verano Holdings Corp.)

Competition Act. For the purposes of s. 110(2110(3) of the Competition Act (Canada), each of of: (ai) the total value of the Purchased Assets Company’s assets in CanadaCanada plus the assets in Canada that are owned by corporations that are controlled by the Company; and (bii) the gross revenues from sales in or from Canada generated from the assets referred to in clause (ai) above; measured in accordance with the Competition Act (Canada), are is less than C$73 million or such other the review threshold amount as is determined pursuant to ss. 110(8) and 110(9) of the Competition Act (Canada).

Appears in 1 contract

Samples: Arrangement Agreement (Tilray, Inc.)

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Competition Act. For the purposes of s. 110(2) of the Competition Act (Canada), each of (a) the total The aggregate value of the Purchased Assets assets in Canada; Canada of the Company and (b) its affiliates or the gross revenues from sales in or from Canada generated from of the assets referred to Company and its affiliates, as determined in (a) above; measured the manner prescribed in accordance with the Competition Act (Canada), are less than C$73 million or such other amount as is determined pursuant to ss. 110(8) and 110(9) of the Competition Act (Canada)Notifiable Transactions Regulations made thereunder, does not exceed $50 million.

Appears in 1 contract

Samples: Agreement (Gerber Scientific Inc)

Competition Act. For the purposes of s. 110(2) of the Competition Act (Canada), each of (a) the total The aggregate value of the Purchased Assets assets in Canada; Canada that are owned by the Company or by any ‎‎‎corporations controlled by the Company, and (b) the annual gross revenues from sales in or from Canada ‎from ‎‎Canada generated from the assets referred to in (a) above; measured such assets, all as determined in accordance with the Competition Act (Canada), are less than C$73 million or such other amount as is determined pursuant to ss. 110(8) and 110(9) Part IX of the Competition ‎‎‎Competition Act (Canada)and the Notifiable Transaction Regulations made thereunder do not exceed CAD$93 ‎‎‎million.

Appears in 1 contract

Samples: Securities Purchase Agreement (Smart for Life, Inc.)

Competition Act. For the purposes of s. 110(2) Part IX of the Competition Act (Canada), each of (a) the total aggregate value of the Purchased Assets assets in Canada; , determined as of such time and in such manner as may be prescribed, and (b) the gross revenues from sales in or from Canada generated from the assets referred to Canada, determined for such annual period and in (a) above; measured in accordance with the Competition Act (Canada)such manner as may be prescribed, are less than C$73 million or such other amount as is determined pursuant to ss. 110(8) and 110(9) of the Competition Act (Canada)Corporations in each case does not exceed $93,000,000.

Appears in 1 contract

Samples: Share Purchase Agreement (Liminal BioSciences Inc.)

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