Common use of No Collateral Benefit Clause in Contracts

No Collateral Benefit. As of the date hereof, to the knowledge of the Parent and the Purchaser, except as set forth in the Company Disclosure Letter, no related party of the Company (within the meaning of MI 61-101) is, or will be, entitled to receive a “collateral benefit” (within the meaning of such instrument) as a consequence of any transaction contemplated under this Agreement; or is, or will be, a part to any “connected transaction” (within the meaning of such instrument) to any transaction contemplated under this Agreement.

Appears in 3 contracts

Samples: Arrangement Agreement, Arrangement Agreement, Arrangement Agreement (Ym Biosciences Inc)

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No Collateral Benefit. As of the date hereof, to To the knowledge of the Parent and the Purchaser, except as set forth in the Company Disclosure Letter, no related party of the Company (within the meaning of MI 61-101) is, or will be, entitled to receive a “collateral benefit” (within the meaning of such instrument) as a consequence of any transaction contemplated under this Agreement; or is, or will be, a part party to any “connected transaction” (within the meaning of such instrument) to any transaction contemplated under this Agreement.

Appears in 1 contract

Samples: Arrangement Agreement

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No Collateral Benefit. As of the date hereof, to To the knowledge of the Parent and the Purchaser, except as set forth in the Company Disclosure Letter, no related party of the Company (within the meaning of MI 61-101) is, or will be, entitled to receive a "collateral benefit" (within the meaning of such instrument) as a consequence of any transaction contemplated under this Agreement; or is, or will be, a part party to any "connected transaction" (within the meaning of such instrument) to any transaction contemplated under this Agreement.

Appears in 1 contract

Samples: Arrangement Agreement (Semtech Corp)

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