INVESTIGATION BY MEMBER Sample Clauses
The 'Investigation by Member' clause grants a member of an organization or entity the right to conduct inquiries or investigations into certain matters relevant to the group's operations or interests. This may include reviewing records, interviewing personnel, or inspecting facilities to gather information about compliance, performance, or potential issues. The core function of this clause is to empower members to ensure transparency and accountability within the organization, helping to identify and address problems proactively.
INVESTIGATION BY MEMBER. 2.1 The Issuer and the Target shall each at all times afford full access to the Member and its authorized representatives to all, of their respective properties, books, contracts, commitments and other corporate records, and shall furnish the Member with copies thereof and. such other information concerning the Business as the Member may request, in order that the Member may undertake an investigation of the Business.
2.2 The Issuer and the Target shall each forthwith provide the Member with their most recent audited financial statements, and unaudited financial statements, prepared as of a date satisfactory to the member.
2.3 The Issuer or Target, as the case may be, shall forthwith provide the Member with:
(a) a draft Pre-Listing Application and Fact Sheet or a draft disclosure document appropriate to the Transaction, in the form required by the Exchange, together with all required schedules or attachments; (b) a draft disclosure document appropriate to the Transaction and any financing which may be contemplated to be undertaken concurrently therewith (e.g. a prospectus or filing statement); (c) fully completed and executed personal information forms in Form 4B to the Act for all proposed directors and officers of the Issuer on completion of the Transaction; (d) copies of all Reports which are available, in final form or in draft if such Reports have not been finalized; (e) questionnaires, in the form provided by the Member, completed in full by each of the directors and each member of senior management of the Issuer and the Target; and (f) copies of all material contracts to which it is a party.
INVESTIGATION BY MEMBER. 2.1 The Issuer shall at all times afford full access to the Member and its authorized representatives to all properties, books, contracts, commitments and other corporate records, and shall furnish the Member with copies thereof and such other information concerning the Business as the Member may request, in order that the Member may undertake an investigation of the Issuer and the Business.
2.2 The Issuer shall forthwith provide the Member with:
(a) the most recent audited financial statements concerning the Issuer, and unaudited financial statements, prepared as of a date satisfactory to the Member;
(b) a draft Pre-Listing Application and Fact Sheet or a draft disclosure document appropriate to the Transaction, in the form required by the Exchange, together with all required schedules or attachments;
(c) a draft disclosure document (prospectus or filing statement) appropriate to the Transaction;
(d) fully completed and executed personal information forms in Form 4B to the Act for all directors and officers;
(e) copies of all Reports which are available, in final form or in draft if such Reports have not been finalized;
(f) questionnaires, in the form provided by the Member, completed in full by each of its directors and each member of its senior management; and
(g) copies of all material contracts to which it is a party.
2.3 Upon conclusion of its investigation, the Member shall give notice to the Issuer whether it has decided to act as the Issuer's sponsor with regard to the Transaction.
INVESTIGATION BY MEMBER. 2.1 The Issuer shall at all times afford full access to the Member and its authorized representatives to all properties, books, contracts, commitments and other corporate records, and shall furnish the Member with copies thereof and such other information concerning the Business as the Member may request, in order that the Member may undertake an investigation of the Issuer and the Business.
2.2 The Issuer shall forthwith provide the Member with:
(a) the most recent audited financial statements concerning the Issuer, and unaudited financial statements, prepared as of a date satisfactory to the Member;
(b) a draft Pre-Listing Application and Fact Sheet appropriate to the Transaction in the form required by the Exchange, together with all required Schedules;
(c) a draft disclosure document (Prospectus, Filing Statement or Exchange Offering Prospectus) appropriate to the Transaction;
(d) fully completed and executed personal information forms in Form 4B to the Regulation to the Securities Act (British Columbia) for all directors;
(e) questionnaires, in the form provided by the Member, completed in full by each of its directors and each member of its senior management;
(f) copies of all relevant material contracts.
2.3 Upon conclusion of its investigation, the Member shall give notice to the Issuer whether it has decided to act as the Issuer's sponsor with regard to the Transaction.