Common use of Competition Laws Clause in Contracts

Competition Laws. The aggregate value of the Company’s assets in Canada and the annual gross revenues from sales in and from Canada generated from the Company’s assets in Canada do not exceed, in either case, $88 million, as determined in accordance with Part IX of the Competition Act, R.S.C. 1985, c. C-34 and the Notifiable Transactions Regulations thereunder. For purposes of this Agreement, the Company’s assets in Canada shall not include any of the Company’s immovable tangible assets (including real property interests and mineral rights) or moveable tangible assets (including inventory, equipment and vehicles) that are located outside of Canada. The Company has no assets located in the United States and no sales revenues in or from the United States.