Non-Arm’s Length Contracts. The Company is not a party to, nor have its profits or financial position during the three years prior to the date hereof been affected by, any contract or arrangement which is not of an entirely arms-length nature made on open market terms.
Non-Arm’s Length Contracts. Except as set out in the Circular, CMI is not a party to any Contract or agreement with any officer, director, shareholder or any Person not dealing at arm’s length (within the meaning of the Tax Act) with CMI.
Non-Arm’s Length Contracts. Except as set out in the Circular, Genterra is not a party to any Contract or agreement with any officer, director, shareholder or any Person not dealing at arm’s length (within the meaning of the Tax Act) with Genterra.
Non-Arm’s Length Contracts. (a) The Development Manager will not recommend that the Contributing Parties enter into any contract, agreement or legally binding arrangement in respect of the Project, including in connection with the furnishing of goods or services to the Project, if any Person to such contract, agreement or legally binding arrangement is an Affiliate of the Development Manager or if the Development Manager does not deal at arm’s length with such Person, unless the Development Manager has first obtained the Approval of the Project Committee after specific disclosure to the Project Committee of the non-arm’s length relationship. For the purposes of this Section 2.6, any question as to whether someone is dealing at arm’s length will be determined in accordance with section 251 of the Income Tax Act (Canada) as at the date hereof.
(b) Each Contributing Party shall cause each of its Affiliates and other Persons with which such Contributing Party does not deal with at arm’s length to notify the Development Manager of their relationship to the Contributing Party prior to such Person expressing any interest to the Development Manager in entering into any contract, agreement or legally binding arrangement in respect of the Project, including in connection with the furnishing of goods or services to the Project. Following receipt of any such notice, the Development Manager shall obtain the Approval of the Project Committee to proceed with consideration of such Person after specific disclosure to the Project Committee of the non-arm’s length relationship prior to proceeding with such Person.
Non-Arm’s Length Contracts. The Vendor has not in relation to the Business been a party to, nor have the profits or financial position of the Business during the last three years been affected by, any agreement or arrangement which is not entirely of an arm's length nature.
Non-Arm’s Length Contracts. Except as disclosed in the Financial Statements, the Corporation is not a party to any contract, agreement or arrangement with any associated or affiliated corporation within the meaning of the Business Corporations Act (Ontario) or with any corporation with which it does not deal at arm's length within the meaning of the Income Tax Act (Canada).
Non-Arm’s Length Contracts. Neither Xxxxxxx nor Subco is party to any Contract or agreement with any officer, director, shareholder or any Person not dealing at arm’s length (within the meaning of the Tax Act) with any of the foregoing other than as set forth in the Xxxxxxx Disclosure Letter and this Agreement.
Non-Arm’s Length Contracts. The Company is not a party to, nor have its profits or financial position during the three years prior to the date hereof been affected by, any contract or arrangement which is not on arm’s length terms.
Non-Arm’s Length Contracts. Except as disclosed in Schedule 10 hereto, the Corporations are not a party to any material contract, agreement or arrangement with any officer, director or employee of the Corporations or any of their Affiliates or any Affiliate.
Non-Arm’s Length Contracts. The Manager may enter into contracts for services, materials or supplies to or for a Managed Property with any Person not at arm’s length with the Manager provided that such contract is on commercially reasonable terms and any fees or expenses payable thereunder are at market rates and in any event not exceeding in any material respect those that may be charged by an arm’s length third party providing similar services, materials or supplies in the jurisdiction in which the applicable Managed Property is located.
