Common use of Restrictions on Distribution Clause in Contracts

Restrictions on Distribution. If (i) any inquiry, action, suit, investigation or other proceeding (whether formal or informal) is commenced, announced or threatened or any order is made or issued under or pursuant to any federal, provincial, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality (including without limitation the TSX or any securities regulatory authority), (ii) there is a change in any law, rule or regulation, or the interpretation or administration thereof, or (iii) an order shall have been made or threatened to cease or suspend trading in the Common Shares by any securities regulatory authority or similar regulatory or judicial authority or the TSX, which, in the reasonable opinion of the Purchasers, operates to prevent, restrict or otherwise materially adversely affect the trading of the Offered Securities, the Common Shares or any other securities of the Corporation, the Purchasers (or any one of them) shall be entitled, at their sole option, in accordance with Section 6.4 of this Agreement, to terminate their obligations under this Agreement (and the obligations of the Purchasers arranged by them to purchase the Offered Securities) by written notice to that effect given to the Corporation on or prior to the Closing Time.

Restrictions on Distribution. If (i) any inquiry, action, suit, investigation or other proceeding (whether formal or informal) is commenced, announced or threatened or any order is made or issued under or pursuant to any federal, provincial, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality (including without limitation the TSX or any securities regulatory authority), (ii) there is a change in any law, rule or regulation, or the interpretation or administration thereof, or (iii) an order shall have been made or threatened to cease or suspend trading in the Common Shares by any securities regulatory authority or similar regulatory or judicial authority or the TSX, which, in the reasonable opinion of the PurchasersCanaccord Genuity, operates to prevent, restrict or otherwise materially adversely affect affects the distribution or trading of the Offered SecuritiesPreferred Shares, the Common Underlying Shares or any other securities of the Corporation, the Purchasers (or any one of them) Canaccord Genuity shall be entitled, at their its sole option, in accordance with Section 6.4 6.6 of this Agreement, to terminate their its obligations under this Agreement (and the obligations of the Purchasers arranged by them it to purchase the Offered SecuritiesPreferred Shares) by written notice to that effect given to the Corporation on or prior to the Closing Time.

Restrictions on Distribution. If (i) any inquiry, action, suit, investigation or other proceeding (whether formal or informal) is commenced, announced or threatened or any order is made or issued under or pursuant to any federal, provincial, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality (including without limitation the TSX or any securities regulatory authority), (ii) there is a change in any law, rule or regulation, or the interpretation or administration thereof, or (iii) an order shall have been made or threatened to cease or suspend trading in the Common Shares by any securities regulatory authority or similar regulatory or judicial authority or the TSX, which, in the reasonable opinion of the PurchasersUnderwriters, operates to prevent, restrict or otherwise materially adversely affect effect the distribution or trading of the Offered SecuritiesSubscription Receipts, the Common Underlying Shares or any other securities of the Corporation, the Purchasers Underwriters (or any one of them) shall be entitled, at their sole option, in accordance with Section 6.4 6.6 of this Agreement, to terminate their obligations under this Agreement (and the obligations of the Purchasers arranged by them to purchase the Offered SecuritiesSubscription Receipt) by written notice to that effect given to the Corporation on or prior to the Closing Time.