Common use of Eligibility for Investment Clause in Contracts

Eligibility for Investment. 14.1 The Corporation covenants that it will obtain confirmation from the Exchange that the Offered Units will be listed on the Exchange as of the Closing Date (the “Confirmation”); 14.2 The Corporation acknowledges that the Agent is relying on the Confirmation with respect to sales of the Offered Units into registered retirement savings plans, registered retirement income funds, deferred profit sharing plans, registered education savings plans, registered disability savings plans and tax-free savings accounts (collectively, the “Plans”) and agrees that, if the Corporation has fulfilled its obligations under Article 14.1 by obtaining a Confirmation and if the Exchange does not issue a bulletin in relation to the listing of the Offered Units at the close of market on the Business Day before the Closing, the Corporation will immediately notify the Agent and Closing may be delayed, at the sole discretion of the Agent.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

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Eligibility for Investment. ‌‌ 14.1 The Corporation covenants that it will obtain confirmation from the Exchange that the Offered Units will be listed on the Exchange as of the Closing Date (the “Confirmation”); 14.2 The Corporation acknowledges that the Agent is relying on the Confirmation with respect to sales of the Offered Units into registered retirement savings plans, registered retirement income funds, deferred profit sharing plans, registered education savings plans, registered disability savings plans and tax-free savings accounts (collectively, the “Plans”) and agrees that, if the Corporation has fulfilled its obligations under Article 14.1 by obtaining a Confirmation and if the Exchange does not issue a bulletin in relation to the listing of the Offered Units at the close of market on the Business Day before the Closing, the Corporation will immediately notify the Agent and Closing may be delayed, at the sole discretion of the Agent.

Appears in 1 contract

Samples: Agency Agreement

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Eligibility for Investment. 14.1 The Corporation covenants that it will obtain confirmation from the Exchange that the Offered Units Shares will be listed on the Exchange as of the Closing Date (the “Confirmation”); 14.2 The Corporation acknowledges that the Agent is relying on the Confirmation with respect to sales of the Offered Units Shares into registered retirement savings plans, registered retirement income funds, deferred profit sharing plans, registered education savings plans, registered disability savings plans and tax-free savings accounts (collectively, the “Plans”) and agrees that, if the Corporation has fulfilled its obligations under Article 14.1 by obtaining a Confirmation and if the Exchange does not issue a bulletin in relation to the listing of the Offered Units Shares at the close of market on the Business Day before the Closing, the Corporation will immediately notify the Agent and Closing may be delayed, at the sole discretion of the Agent.

Appears in 1 contract

Samples: Agency Agreement

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