Common use of Cooperation of Parties in Withdrawal Process Clause in Contracts

Cooperation of Parties in Withdrawal Process. WCI, Inc. shall, as soon as reasonably possible, notify Nova Scotia and the other Participating Jurisdictions of any circumstance or event of which it become aware that is related to or is resulting from Nova Scotia’s withdrawal from WCI, Inc. that could potentially have a material negative affect to WCI, Inc., the remaining Participating Jurisdictions or applicable markets (“Negative Consequences”). WCI, Inc. and Nova Scotia, in consultation with the other Participating Jurisdictions, shall work in good faith and in a diligent manner to mitigate any such Negative Consequences which may include, but are not limited to, removing Nova Scotia from all IT and related platforms, closing all escrow accounts and de-linking Nova Scotia from any other Participating Jurisdiction.

Appears in 2 contracts

Samples: Funding Agreement, Funding Agreement

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Cooperation of Parties in Withdrawal Process. WCI, Inc. shall, as soon as reasonably possible, notify Nova Scotia the Minister and the other Participating Jurisdictions of any circumstance or event of which it become aware that is related to or is resulting from Nova ScotiaQuébec’s withdrawal from WCI, Inc. that could potentially have a material negative affect to WCI, Inc., the remaining Participating Jurisdictions or applicable markets (“Negative Consequences”). WCI, Inc. and Nova Scotiathe Minister, in consultation with the other Participating Jurisdictions, shall work in good faith and in a diligent manner to mitigate any such Negative Consequences which may include, but are not limited to, removing Nova Scotia Québec from all IT and related platforms, closing all escrow accounts and de-linking Nova Scotia Québec from any other Participating Jurisdiction.

Appears in 2 contracts

Samples: Financial Assistance Agreement, Financial Assistance Agreement

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