Common use of Regulatory Proceedings Out Clause in Contracts

Regulatory Proceedings Out. If, after the date hereof and prior to the Closing Time, any enquiry, action, suit, investigation or other proceeding, whether formal or informal, is instituted or announced or any order is made by any federal, provincial or other Governmental Authority in relation to the Corporation which, in the opinion of any of the Agents, operates to prevent or restrict the distribution or trading of the Offered Shares, then such Agent shall be entitled, at its option and in accordance with Section 10(e), to terminate its obligations under this Agreement by notice to that effect given to the Corporation any time at or prior to the Closing Time.

Regulatory Proceedings Out. If, after the date hereof and prior to the Closing Time, any enquiry, action, suit, investigation or other proceeding, whether formal or informal, is instituted or announced or any order is made by any federal, provincial or other Governmental Authority in relation to the Corporation which, which in the opinion of any of the AgentsUnderwriters, acting reasonably, operates to prevent or restrict the distribution or trading of the Offered Shares, then such Agent Underwriter shall be entitled, at its option and in accordance with Section 10(e17(e), to terminate its obligations under this Agreement by notice to that effect given to the Corporation any time at or prior to the Closing Time.

Regulatory Proceedings Out. If, after the date hereof of this Agreement and prior to the Closing Time, any enquiry, action, suit, investigation or other proceeding, whether formal or informal, is instituted or announced or any order is made by any federal, provincial or other Governmental Authority in relation to the Corporation which, in the opinion of any of the Agents, operates to prevent or restrict the distribution or trading of the Offered SharesSecurities, then such Agent shall be entitled, at its option and in accordance with Section 10(e11(f), to terminate its obligations under this Agreement by notice to that effect given to the Corporation any time at or prior to the Closing Time.

Regulatory Proceedings Out. If, after the date hereof and prior to the Closing Time, any enquiry, action, suit, investigation or other proceeding, whether formal or informal, is instituted or announced or any order is made by any federal, provincial or other Governmental Authority in relation to the Corporation which, in the opinion of any of the Agents, operates to prevent or restrict the distribution or trading of the Offered SharesSecurities, then such Agent shall be entitled, at its option and in accordance with Section 10(e20(f), to terminate its obligations under this Agreement by written notice to that effect given to the Corporation at any time at or prior to the Closing Time.

Regulatory Proceedings Out. If, after the date hereof and prior to the Closing Time, any enquiry, action, suit, investigation or other proceeding, whether formal or informal, is instituted or announced or any order is made by any federal, provincial or other Governmental Authority in relation to the Corporation which, in the opinion of any of the Agents, operates to prevent or restrict the distribution or trading of the Offered SharesDebentures, then such Agent shall be entitled, at its option and in accordance with Section 10(e), to terminate its obligations under this Agreement and the Debenture Documentation by notice to that effect given to the Corporation any time at or prior to the Closing Time.