Common use of No Proceedings for Dissolution Clause in Contracts

No Proceedings for Dissolution. No steps or proceedings have been taken or instituted or are pending or, to the knowledge of the Company, are threatened for the dissolution or liquidation of the Company or its subsidiaries and neither the Company nor any of its subsidiaries is an “insolvent person” within the meaning of the Bankruptcy and Insolvency Act (Canada).

No Proceedings for Dissolution. No steps or proceedings have been taken or instituted or are pending or, to the knowledge of the CompanyCorporation, are threatened for the dissolution or liquidation of the Company Corporation or its subsidiaries and neither the Company Corporation nor any of its subsidiaries is an “insolvent person” within the meaning of the Bankruptcy and Insolvency Act (Canada).