Common use of Effective Date and Expiration Date Clause in Contracts

Effective Date and Expiration Date. (a) This Agreement is effective and in full force and effect in accordance with its terms and conditions as of and from the Effective Date. This Agreement and all outstanding Rights terminate and are void and of no further force and effect on and from the Expiration Date. (b) This Agreement must be confirmed by a resolution passed by a majority of the votes cast by Independent Shareholders represented in person or by proxy and entitled to vote (subject to any additional requirements relating to such vote prescribed by a stock exchange on which the Voting Shares are then listed) at the Corporation’s third annual meeting of shareholders following the Effective Date and reconfirmed by the Independent Shareholders at every third annual shareholder meeting of the Corporation thereafter. If the Agreement is not so confirmed or reconfirmed or is not presented for confirmation or reconfirmation at such annual meetings, the Agreement and all outstanding Rights will terminate and be void and of no further force and effect on and from the date of termination of such annual shareholder meeting; provided that termination will not occur if a Flip-in Event has occurred (other than a Flip-in Event which has been waived pursuant to Section 5.1(b) or 5.1(c)), prior to the date upon which this Agreement would otherwise terminate pursuant to this Section 5.21(b).