Common use of Restriction on Sale Clause in Contracts

Restriction on Sale. Subject to Section 2.3 and the Articles, the Shareholders shall not sell, directly or indirectly, any Multiple Voting Shares pursuant to a take-over bid under circumstances in which Securities Laws would have required the same offer to be made to SVS Holders if the sale by the Shareholders had been a sale of the Subordinate Voting Shares underlying such Multiple Voting Shares rather than such Multiple Voting Shares, but otherwise on the same terms. For the purposes of this Section 2.2, it shall be assumed that the offer that would have resulted in the sale of Multiple Voting Shares (or Subordinate Voting Shares into which such Multiple Voting Shares are convertible or converted pursuant to the Articles) by the Shareholders on the basis set out above would have constituted a take-over bid for the Subordinate Voting Shares under Securities Laws, regardless of whether this actually would have been the case. The varying of any material term of an offer shall be deemed to constitute the making of a new offer.

Restriction on Sale. Subject to Section 2.3 and the Articles, the Shareholders shall not sell, directly or indirectly, any Multiple Voting Shares pursuant to a take-over bid (as defined in applicable Securities Laws) under circumstances in which applicable Securities Laws would have required the same offer to be made to SVS Holders if the sale by the Shareholders had been a sale of the Subordinate Voting Shares underlying such Multiple Voting Shares rather than such Multiple Voting Shares, but otherwise on the same terms. For the purposes of this Section 2.2, it shall be assumed that the offer that would have resulted in the sale of Multiple Voting Shares (or Subordinate Voting Shares into which such Multiple Voting Shares are convertible or converted pursuant to the Articles) by the Shareholders on the basis set out above would have constituted a take-over bid for the Subordinate Voting Shares under applicable Securities Laws, regardless of whether this actually would have been the case. The , and the varying of any material term of an offer shall be deemed to constitute the making of a new offer.

Restriction on Sale. Subject to Section 2.3 and the Articles, the Shareholders shall not sell, directly or indirectly, any Multiple Voting Shares pursuant to a take-over bid (as defined under applicable Securities Laws) under circumstances in which applicable Securities Laws would have required the same offer to be made to SVS Holders if the sale by the Shareholders had been a sale of the Subordinate Voting Shares underlying such Multiple Voting Shares rather than such Multiple Voting Shares, but otherwise on the same terms. For the purposes of this Section 2.2, it shall be assumed that the offer that would have resulted in the sale of Multiple Voting Shares (or Subordinate Voting Shares into which such Multiple Voting Shares are convertible or converted pursuant to the Articles) by the Shareholders on the basis set out above would have constituted a take-over bid for the Subordinate Voting Shares under applicable Securities Laws, regardless of whether this actually would have been the case. The , and the varying of any material term of an offer shall be deemed to constitute the making of a new offer.

Restriction on Sale. Subject to Section 2.3 and the Articles, the Shareholders Shareholder shall not selltransfer, directly or indirectly, any Multiple Super Voting Shares pursuant to a take-over bid (as defined in applicable securities legislation) under circumstances in which Securities Laws securities legislation would have required the same offer to be made to the SVS Holders or the MVS Holders, as applicable, if the sale by the Shareholders such Shareholder had been a sale of the Subordinate Voting Shares underlying such or Multiple Voting Shares Shares, as applicable, rather than such Multiple Super Voting Shares, but otherwise on the same terms. For the purposes of this Section 2.2section, it shall be assumed that the offer that would have resulted in the sale of Subordinate Voting Shares or Multiple Voting Shares (or Subordinate Voting Shares into which by such Multiple Voting Shares are convertible or converted pursuant to the Articles) by the Shareholders Shareholder, on the basis set out above above, would have constituted a take-over bid for the Subordinate Voting Shares or Multiple Voting Shares, as applicable, under Securities Lawsapplicable securities legislation, regardless of whether this actually would have been the case. The , and the varying of any material term of an offer shall be deemed to constitute the making of a new offer.

Restriction on Sale. Subject to Section 2.3 and the Articles, the Shareholders shall not sell, directly or indirectly, any Multiple Voting Shares pursuant to a take-over bid (as defined in applicable Securities Laws) under circumstances in which applicable Securities Laws would have required the same offer to be made to SVS Holders if the sale by the Shareholders had been a sale of the Subordinate Voting Shares underlying such Multiple Voting Shares rather than such Multiple Voting Shares, but otherwise on the same terms. For the purposes of this Section 2.2, it shall be assumed that the offer that would have resulted in the sale of Multiple Voting Shares (or such Subordinate Voting Shares into which such Multiple Voting Shares are convertible or converted pursuant to the Articles) by the Shareholders Shareholders, on the basis set out above above, would have constituted a take-over bid for the Subordinate Voting Shares under applicable Securities Laws, regardless of whether this actually would have been the case. The , and the varying of any material term of an offer shall be deemed to constitute the making of a new offer.

Restriction on Sale. Subject to Section 2.3 and the Articles, the Shareholders Shareholder shall not sell, directly or indirectly, any Multiple Voting Shares pursuant to a take-over bid (as defined under applicable Securities Laws) under circumstances in which applicable Securities Laws would have required the same offer to be made to SVS Holders if the sale by the Shareholders Shareholder had been a sale of the Subordinate Voting Shares underlying such Multiple Voting Shares rather than such Multiple Voting Shares, but otherwise on the same terms. For the purposes of this Section 2.2, it shall be assumed that the offer that would have resulted in the such sale of Multiple Voting Shares (or Subordinate Voting Shares into which such Multiple Voting Shares are convertible or converted pursuant to the Articles) by the Shareholders on the basis set out above Shareholder would have constituted a take-over bid for the Subordinate Voting Shares under applicable Securities Laws, regardless of whether this actually would have been the case. The , and the varying of any material term of an offer shall be deemed to constitute the making of a new offer.

Restriction on Sale. Subject to Section 2.3 and the Articles, the Shareholders shall not sell, directly or indirectly, any Multiple Proportionate Voting Shares pursuant to a take-over bid (as defined in applicable Securities Laws) under circumstances in which applicable Securities Laws would have required the same offer to be made to SVS CS Holders if the sale by the Shareholders had been a sale of the Subordinate Voting Common Shares underlying such Multiple Proportionate Voting Shares rather than such Multiple Proportionate Voting Shares, but otherwise on the same terms. For the purposes of this Section 2.2, it shall be assumed that the offer that would have resulted in the sale of Multiple Proportionate Voting Shares (or Subordinate Voting Common Shares into which such Multiple Proportionate Voting Shares are convertible or converted pursuant to the Articles) by the Shareholders on the basis set out above would have constituted a take-over bid for the Subordinate Voting Common Shares under applicable Securities Laws, regardless of whether this actually would have been the case. The , and the varying of any material term of an offer shall be deemed to constitute the making of a new offer.

Restriction on Sale. Subject to Section 2.3 and the Articles, the Shareholders shall not sell, directly or indirectly, any Multiple Voting Shares pursuant to a take-over bid (as defined in applicable Securities Laws) under circumstances in which applicable Securities Laws would have required the same offer to be made to SVS Holders if the sale by the Shareholders had been a sale of the Subordinate Voting Shares underlying such Multiple Voting Shares rather than such Multiple Voting Shares, but otherwise on the same terms. For the purposes of this Section 2.2, it shall be assumed that the offer that would have resulted in the sale of Multiple Voting Shares (or Subordinate Voting Shares into which such Multiple Voting Shares are convertible or converted pursuant to the Articles) by the Shareholders on the basis set out above would have constituted a take-take- over bid for the Subordinate Voting Shares under applicable Securities Laws, regardless of whether this actually would have been the case. The , and the varying of any material term of an offer shall be deemed to constitute the making of a new offer.

Restriction on Sale. ‌ Subject to Section 2.3 and the Articles, the Shareholders shall not sell, directly or indirectly, any Multiple Voting Shares pursuant to a take-over bid (as defined in applicable Securities Laws) under circumstances in which applicable Securities Laws would have required the same offer to be made to SVS Holders if the sale by the Shareholders had been a sale of the Subordinate Voting Shares underlying such Multiple Voting Shares rather than such Multiple Voting Shares, but otherwise on the same terms. For the purposes of this Section 2.2, it shall be assumed that the offer that would have resulted in the sale of Multiple Voting Shares (or Subordinate Voting Shares into which such Multiple Voting Shares are convertible or converted pursuant to the Articles) by the Shareholders on the basis set out above would have constituted a take-over bid for the Subordinate Voting Shares under applicable Securities Laws, regardless of whether this actually would have been the case. The , and the varying of any material term of an offer shall be deemed to constitute the making of a new offer.