Common use of Ownership of Outstanding Shares Clause in Contracts

Ownership of Outstanding Shares. Without the prior approval of the Corporation and the prior approval of the holders of the Exchangeable Non-Voting Shares given in accordance with section 27.10 of the Share Provisions, the Parent covenants and agrees in favour of the Corporation that as long as any outstanding Exchangeable Non-Voting Shares are owned by any person or entity other than the Parent or any of its Affiliates, the Parent will be and remain the direct or indirect beneficial owner of all issued and outstanding shares in the capital of the Corporation and all outstanding securities of the Corporation carrying or otherwise entitled to voting rights in any circumstances, in each case other than the Exchangeable Non-Voting Shares.

Ownership of Outstanding Shares. Without the prior approval of the Corporation and the prior approval of the holders of the Exchangeable Non-Voting Shares given in accordance with section 27.10 Section 10.2 of the Exchangeable Share Provisions, the Parent covenants and agrees in favour of the Corporation that that, as long as any outstanding Exchangeable Non-Voting Shares are owned by any person or entity other than the Parent or any of its Affiliates, the Parent will be and remain the direct or indirect beneficial owner of all issued and outstanding shares in the capital of the Corporation other than the Class D Shares and all outstanding securities of the Corporation Corporation, in each case carrying or otherwise entitled to voting rights in any circumstances, and in each case other than the Exchangeable Non-Voting Shares or the Class D Shares.