DISASTER OUT CLAUSE. In the event that prior to the Closing Time there should develop, occur or come into effect any occurrence of national or international consequence or any event, action, condition, law, governmental regulation, inquiry or other occurrence of any nature whatsoever which, in the reasonable opinion of the Underwriter, seriously adversely affects or involves, or will seriously adversely affect or involve, the Canadian financial markets or the business, operations or affairs of the Company and its subsidiaries on a consolidated basis, the Underwriter shall be entitled at its option, in accordance with subparagraph 11(f) of this Agreement, to terminate its obligations under this Agreement (and the obligations of the Purchasers arranged by them to purchase Special Warrants) by written notice to that effect given to the Company prior to the Closing Time.
DISASTER OUT CLAUSE. In the event that prior to the Closing Time there should develop, occur or come into effect any occurrence of national or international consequence or any event, action, condition, law, governmental regulation, inquiry or other occurrence of any nature whatsoever which, in the reasonable opinion of any of the Agents, materially adversely affects or involves, or will materially adversely affect or involve, the Canadian financial markets or the business, operations or affairs of the Company on a consolidated basis, any of the Agents shall be entitled at its option, in accordance with subparagraph 11(f) of this Agreement, to terminate its obligations under this Agreement (and the obligations of the Purchasers arranged by it to purchase Special Warrants) by written notice to that effect given to the Company prior to the Closing Time.
DISASTER OUT CLAUSE. If prior to the Closing Time:
DISASTER OUT CLAUSE. In the event that prior to the Closing Time there should develop, occur or come into effect or existence, any event, action, state, condition or major financial occurrence of national or international consequence, acts of hostility or escalation thereof or any other calamity or crisis or any change or development involving a prospective change in national or international political, financial or economic conditions, or any law or regulation is enacted or changed which, in the sole opinion of the Agent, acting reasonably, materially adversely affects or involves, or could be expected to materially adversely affect, the financial markets generally or the business, affairs, operations, assets, liabilities (contingent or otherwise), capital or control of the Company and the Subsidiaries, taken as a whole, or the market price or value of the Special Warrants, the Common Shares or any other securities of the Company, then the Agent shall be entitled at its option, in accordance with Section 17(6), to terminate its obligations under this Agreement (and the obligations of the Purchasers arranged by it to purchase Special Warrants) by written notice to that effect given to the Company prior to the Closing Time.
DISASTER OUT CLAUSE. In the event that prior to the Closing Time there should develop, occur or come into effect any occurrence of national or international consequence or any event, action, condition, law, governmental regulation, inquiry or other occurrence of any nature whatsoever which, in the sole opinion of the Agent, adversely affects or involves, or may adversely affect or involve, the Canadian financial markets or the business, affairs or profitability of the Corporation, the Agent shall be entitled at its option, in accordance with subparagraph (j) of this Agreement, to terminate its obligations under this Agreement (and the obligations of the Purchasers arranged by it to purchase Special Warrants, as the case may be) by written notice to that effect given to the Corporation prior to the Closing Time. CHANGEIN MATERIAL FACT. In the event that prior to the Closing Time there should occur any material change, there should be discovered any previously undisclosed material fact, or there should occur any material change such as is contemplated by paragraph 5, which, in the reasonable opinion of the Agent, has or could reasonably be expected to have a material adverse effect on the business, affairs or profitability of the Corporation or on the market price or value of the Special Warrants or the Underlying Securities, the Agent shall be entitled, at its option, in accordance with subparagraph (j), to terminate its obligations under this Agreement (and the obligations of the Purchasers arranged by it to purchase Special Warrants, as the case may be) by written notice to that effect given to the Corporation prior to the Closing Time.
