Common use of Market Out Clause in Contracts

Market Out. The state of the financial markets in Canada is such that, in the reasonable opinion of the Agents, the Offered Securities cannot be profitably marketed. The Agents shall make reasonable best efforts to give written notice to the Corporation of the occurrence of any of the events referred to in this Section 14, provided that neither the giving nor the failure to give such notice shall in any way affect the entitlement of the Agents to exercise their rights under this Section 14 at any time prior to or at the Closing Time.

Appears in 1 contract

Samples: Agency Agreement

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Market Out. The state of the financial markets in Canada or the United States is such that, in the reasonable opinion of the AgentsAgent, the Offered Securities cannot be profitably marketed. The Agents Agent shall make reasonable best efforts to give written notice to the Corporation of the occurrence of any of the events referred to in this Section 14, provided that neither the giving nor the failure to give such notice shall in any way affect the entitlement of the Agents Agent to exercise their its rights under this Section 14 at 14at any time prior to or at the Closing Time.

Appears in 1 contract

Samples: Agency Agreement

Market Out. The state of the financial markets in Canada or the United States is such that, in the reasonable opinion of the AgentsAgent and acting in good faith, the Offered Securities cannot be profitably marketed. The Agents Agent shall make reasonable best efforts to give written notice to the Corporation of the occurrence of any of the events referred to in this Section 14, provided that neither the giving nor the failure to give such notice shall in any way affect the entitlement of the Agents Agent to exercise their its rights under this Section 14 at any time prior to or at the Closing Time.

Appears in 1 contract

Samples: Agency Agreement

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Market Out. The the state of the financial markets in Canada is or the United States becomes such that, in the reasonable opinion of the Agents, that the Offered Securities cannot not, in the sole opinion of the Agent (or any of them), acting reasonably, be profitably marketed. The Agents shall make reasonable best efforts to give will provide written notice to the Corporation of the occurrence of any of the events referred to in this Section 14, provided that neither the giving nor the failure to give such notice shall in any way affect the entitlement of the Agents to exercise their rights under this Section 14 at any time prior to or at the Closing TimeDate.

Appears in 1 contract

Samples: Agency Agreement

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