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 Stars, no related party of Stars (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 Stars 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. 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.
The City agrees to pay up to $100 per month to any eligible affected retiree; eligibility is as defined in Article III.K.1. Group A-3 employees are not eligible for the Collateral Benefit.
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.
On default, increased rate of interest would apply from the time the agreement is made.By merely the virtue of there being a high interest does not lend the condition to be a clog on redemption unless it could be shown that there was undue influence in the dealing. Collateral Benefit to MortgagorA mortgagor may avail of a collateral benefit either during the subsistence of the mortgage, which is valid, or after the redemption, which in some cases is not valid.In Noakes & Co. v.
On premises where there is an unapproved auxiliary water supply and there are no interconnections with the public water system, the minimum approved backflow prevention device required is RP.

More Definitions of Collateral Benefit

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 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. Except as disclosed in Section 3.1(20) 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. SCHEDULE D REPRESENTATIONS AND WARRANTIES OF IANTHUS