No Collateral Benefits. To the knowledge of the Company, other than as disclosed in Section 3.1(ee) of the Company Disclosure Letter, no “related party” (as defined in MI 61-101) of the Company that beneficially owns or exercises control or direction over 1% or more of the outstanding Common Shares will receive a “collateral benefit” (as defined in MI 61-101) as a consequence of the Arrangement.
No Collateral Benefits. To the knowledge of QLT, no related party of QLT:
(i) is a party to any connected transaction to the Merger or the Transaction; or
(ii) is entitled to receive as a consequence of the Merger or the other transactions contemplated by this Agreement any benefit, other than a benefit described in paragraph (c) of the definition of collateral benefit where either (A) the related party, together with its associated entities beneficially owns or exercises control or direction over less than one percent or more of the outstanding QLT Shares or (B) the requirements of clause (c)(iv)(B)(I) and (II) of the definition of collateral benefit have been satisfied with respect to that benefit and QLT will provide the disclosure contemplated by clause (c)(iv)(B)(III) in the Joint Proxy Statement/Circular. The terms "related party", "connected transaction", "associated entity" and "collateral benefit" are used in this paragraph as defined in MI 61-101.
No Collateral Benefits. Except as disclosed in the Company Disclosure Letter, to the knowledge of the Company, no “related party” of the Company (within the meaning of MI 61-101) will receive a “collateral benefit” (within the meaning of MI 61-101) as a consequence of the transactions contemplated by this Agreement.
No Collateral Benefits. To the Knowledge of Parent, no related party of Parent or Merger Sub:
(a) is a party to any connected transaction to the Merger or the other Contemplated Transactions; or
(b) is entitled to receive as a consequence of the Merger or the other Contemplated Transactions any benefit, other than a benefit described in paragraph (c) of the definition of collateral benefit where either (A) the related party, together with its associated entities beneficially owns or exercises control or direction over less than one percent or more of the outstanding Parent Common Stock or (B) the requirements of clause (c)(iv)(B)(I) and (II) of the definition of collateral benefit have been satisfied with respect to that benefit and Parent will provide the disclosure contemplated by clause (c)(iv)(B)(III) in the Proxy Statement and Circular. The terms “related party”, “connected transaction”, “associated entity” and “collateral benefit” are used in this paragraph as defined in Multilateral Instrument 61-101 “Protection of Minority Security Holders In Special Transactions” (“MI 61-101”) issued by the Canadian Securities Administrators.
No Collateral Benefits. Except as disclosed in the Richmont Disclosure Letter, to the knowledge of Richmont, no “related party” of Richmont (within the meaning of MI 61-101) will receive a “collateral benefit” (within the meaning of MI 61-101) as a consequence of the transactions contemplated by this Agreement.
No Collateral Benefits. To the knowledge of SilverCrest, other than as set out in Schedule 3.1.3 of the SilverCrest Disclosure Letter, no related party of SilverCrest:
(a) is a party to any connected transaction to the Arrangement; or
(b) is entitled to receive as a consequence of the Arrangement or the other transactions contemplated by this Agreement any benefit, other than a benefit described in paragraph (c) of the definition of collateral benefit where either (i) the related party, together with its associated entities beneficially owns or exercises control or direction over less than one percent or more of the outstanding SilverCrest Shares or (ii) the requirements of clause (c)(iv)(B)(I) and (II) of the definition of collateral benefit have been satisfied with respect to that benefit and SilverCrest will provide the disclosure contemplated by clause (c)(iv)(B)(III) in the Joint Circular.
No Collateral Benefits. To the knowledge of Primero, no related party of Primero:
(a) is a party to any connected transaction to the Arrangement; or
(b) is entitled to receive as a consequence of the Arrangement or the other transactions contemplated by this Agreement any benefit, other than a benefit described in paragraph (c) of the definition of collateral benefit where either (i) the related party, together with its associated entities beneficially owns or exercises control or direction over less than one percent or more of the outstanding Primero Shares or (ii) the requirements of clause (c)(iv)(B)(I) and (II) of the definition of collateral benefit have been satisfied with respect to that benefit and Primero will provide the disclosure contemplated by clause (c)(iv)(B)(III) in the Circular. The terms “related party, “connected transaction, “associated entity and “collateral benefit are used in this paragraph as defined in MI 61-101.
No Collateral Benefits. To the knowledge of the Company, no related party of the Company is entitled to receive as a consequence of the Arrangement or the other transactions contemplated by this Agreement any collateral benefit, other than a benefit described in paragraph (c) of the definition of collateral benefit where either (i) the related party, together with its associated entities beneficially owns or exercises control or direction over less than one percent or more of the outstanding Company Common Shares or (ii) the requirements of clause (c)(iv)(B)(I) and (II) of the definition of collateral benefit have been satisfied with respect to that benefit and the Company will provide the disclosure contemplated by clause (c)(iv)(B)(III) in the Joint Proxy Statement/Circular. The terms “related party”, “associated entity” and “collateral benefit” are used in this paragraph as defined in MI 61-101.
No Collateral Benefits. Except as disclosed in the Western Disclosure Memorandum, no related party of Western is entitled to receive, directly or indirectly, as a consequence of the Arrangement a collateral benefit (and for purposes of this Section 3.02(ll)), “related party” and “collateral benefits” have the meanings given to them in Multilateral Instrument 61-101).
No Collateral Benefits. SRC shall provide InSystems’ executives with SRC’s standard executive benefit package and has no intent to and shall not compensate such executives disproportionately to other SRC executives as a means of providing them with greater consideration for the sale of their Capital Shares.
