Collateral Benefit definition

Collateral Benefit means any agreement, commitment or understanding with a Shareholder that has the effect of providing to that Shareholder (or anyone acting not at arm’s length to that Shareholder), directly or indirectly, consideration of greater value than that offered to other Shareholders, excluding consideration paid or to be paid to a Shareholder (or anyone not at arm’s length with a Shareholder) for goods and/or services rendered or provided or to be rendered or provided by that Shareholder (or anyone not at arm’s length with that Shareholder) where the amount of such consideration is not more than that which would be negotiated between arm’s length parties on market terms, provided, for greater certainty, that any payment in favor of the holders of the Class 1 Shares in accordance with the Articles of Amendment shall be deemed not to constitute a Collateral Benefit;

Collateral Benefit. To the knowledge of Flutter, no related party of Stars (within the meaning of MI 61-101) together with its associated entities, which beneficially owns or exercises control or direction over 5% or more of the outstanding Stars Shares will receive a “collateral benefit” (within the meaning of such instrument) as a consequence of the transactions contemplated by this Agreement.

Collateral Benefit. To the knowledge of the Company, no related party of the Company (within the meaning of MI 61-101) together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Common Shares, except for related parties who will not receive a “collateral benefit” (within the meaning of such instrument) as a consequence of the transactions contemplated by this Agreement.

Examples of Collateral Benefit in a sentence

• Still unlikely to receive any upfront cash.• Most likely value in form of enhanced earnings or back-end retirement plan.• Collateral Benefit: increased confidence clients will be well- served should you become unavailable.

• Mandel, Q.C., A Guide to the Automobile Insurance Rate Stability Act, 1996 Tort- Collateral Benefit Interface Provisions, The Advocates Society, October 4, 1996, The Automobile InsuranceBill 198, which came into force on October 1, 2003, made several changes to the damage calculation rules.4 These changes are relatively easy to understand once one understands the Bill 59 rules.

• Each of the Accepting Shareholders shall provide a representation with respect to itself to the Forced Shareholders that it will not receive, directly or indirectly, any Collateral Benefit as a result of accepting the Original Offer.

• The following information is available under this section: Deposit: Total amount deposited by the customer i.e. the ledger balance available at BOD. Funds Transferred Today: Amount transferred in customers account today. Funds Withdrawal: Amount which customer can withdraw. Collateral Benefit: Collateral benefit provided to the customer for trading.

• The trip aimed to (i) engage with the communities targeted by the SALT Collateral Benefit Programme (SCBP)8 in order to enquire about their experience and learn key lessons, and (ii) investigate ways in which the programme can be improved to better impact local development.

More Definitions of Collateral Benefit

Collateral Benefit. Except as disclosed in Section 40 of the Company Disclosure Letter, to the knowledge of the Company, no related party of the Company (within the meaning of Multilateral Instrument 61-101) together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Shares, except for related parties who will not receive a “collateral benefit” (within the meaning of such instrument) as a consequence of the transactions contemplated by this Agreement.

Collateral Benefit. No person will receive a “collateral benefit” (within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions) from the Company or its affiliates as a consequence of the Arrangement.

Collateral Benefit means any agreement, commitment or understanding with a Shareholder that has the effect of providing to that Shareholder (or anyone acting not at arm's length to that Shareholder), directly or indirectly, consideration of greater value than that offered to other Shareholders, excluding consideration paid or to be paid to a Shareholder (or anyone not at arm's length with a Shareholder) for goods and/or services rendered or provided or to be rendered or provided by that Shareholder (or anyone not at arm's length with that Shareholder) where the amount of such consideration is not more than that which would be negotiated between arm's length parties on market terms, provided, for greater certainty, that the following shall be deemed not to constitute a Collateral Benefit: (i) any preference pursuant to Section 6.10 of this Agreement; (ii) any payment of the Series A Liquidation Preference per Share in favour of the holders of the Series A Shares in accordance with the Articles of Amendment; (iii) any payment of the Series B Liquidation Preference per Share in favour of the holders of the Series B Shares in accordance with the Articles of Amendment; and (iv) any management fees, merchant banking commissions or similar fees or charges paid to EdgeStone for services performed for the Corporation;

Collateral Benefit. To the knowledge of Yamana, no related party of Yamana (within the meaning of MI 61-101) together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Yamana Shares, except for related parties who will not receive a “collateral benefit” (within the meaning of such instrument) as a consequence of the transactions contemplated by this Agreement.

Collateral Benefit. Except as disclosed in Section 3.1(19) of the Company Disclosure Letter, no person will receive a “collateral benefit” (within the meaning of MI 61-101) from the Company or any of the Company’s Subsidiaries as a consequence of the transactions contemplated by the Arrangement.

Collateral Benefit. No person will receive a “collateral benefit” (within the meaning of MI 61-101) from MPX or its affiliates as a consequence of the Arrangement.

Collateral Benefit. To the knowledge of Agrium, no related party of Agrium (within the meaning of MI 61-101), together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Agrium Shares, except for related parties who will not receive a “collateral benefit” (within the meaning of MI 61-101) as a consequence of the transactions contemplated by this Agreement.