Common use of Material Change or Change in Material Fact Out Clause in Contracts

Material Change or Change in Material Fact Out. If, after the date hereof and prior to the Closing Time, there shall occur any material change or change in a material fact which, in the reasonable opinion of any of the Agents, would be expected to have a significant adverse effect on the business, affairs, prospects or financial condition of the Corporation and its subsidiaries taken as a whole or the market price or value of the securities of the Corporation, then such Agent shall be entitled, at its option, in accordance with Section 10(e), to terminate its obligations under this Agreement by written notice to that effect given to the Corporation any time at or prior to the Closing Time.

Appears in 4 contracts

Samples: Agency Agreement (Aralez Pharmaceuticals Inc.), Agency Agreement (Aralez Pharmaceuticals Inc.), Agency Agreement (Aralez Pharmaceuticals Inc.)

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Material Change or Change in Material Fact Out. If, after the date hereof and prior to the Closing Time, there shall occur be any material change in the affairs of the Corporation, or change in a there should be discovered any previously undisclosed material fact required to be disclosed under applicable securities laws, in each case which, in the reasonable opinion of any of the AgentsAgent, has or would be expected to have a significant material adverse effect on the business, affairs, prospects or financial condition of the Corporation and its subsidiaries taken as a whole or the market price or value of the Common Shares or any other securities of the Corporation, then such the Agent shall be entitled, at its option, in accordance with Section 10(e12(e), to terminate its obligations under this Agreement by written notice to that effect given to the Corporation any time at or prior to the Closing Time.

Appears in 1 contract

Samples: Agency Agreement (Response Biomedical Corp)

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Material Change or Change in Material Fact Out. If, after the date hereof and prior to the Closing Time, there shall occur any material change or change in a material fact which, in the reasonable opinion of any of the Agents, would be expected to have a significant adverse effect on the business, affairs, prospects or financial condition of the Corporation and its subsidiaries taken as a whole or the market price or value of the securities of the Corporation, then such Agent shall be entitled, at its option, in accordance with Section 10(e), to terminate its obligations under this Agreement and the Debenture Documentation by written notice to that effect given to the Corporation any time at or prior to the Closing Time.

Appears in 1 contract

Samples: Agency Agreement (Tribute Pharmaceuticals Canada Inc.)

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