Competition Act Compliance definition

Competition Act Compliance means (i) the issuance of an Advance Ruling Certificate; (ii) the Company and Parent have given the notice required under section 114 of the Competition Act with respect to the transactions contemplated by this Agreement and the applicable waiting period under section 123 of the Competition Act has expired or been waived in accordance with the Competition Act; or (iii) the obligation to give the requisite notice has been waived pursuant to subsection 113(c) of the Competition Act; provided, that in the case of clauses (ii) or (iii), the Commissioner of Competition shall have notified Parent in writing that, in effect, that the Commissioner does not, at this time, intend to make an application under section 92 of the Competition Act in respect of the transactions contemplated by this Agreement, and the Commissioner of Competition shall not have rescinded or amended such notice.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Competition Act Compliance means (i) the issuance of an Advance Ruling Certificate;

Competition Act Compliance means: (i) the issuance of an Advance Ruling Certificate; or (ii) the Purchaser and Voyageur have given the notice required under section 114 of the Competition Act with respect to the transactions contemplated by this Agreement and the applicable waiting period under section 123 of the Competition Act has expired or been waived in accordance with the Competition Act; or (iii) the obligation to give the requisite notice has been waived pursuant to subsection 113(c) of the Competition Act; and, in the case of (ii) or (iii), the Purchaser has been advised in writing by the Commissioner of Competition or a person authorized by the Commissioner of Competition that such person is of the view, at that time, that, in effect, grounds do not exist to initiate proceedings before the Competition Tribunal under the merger provisions of the Competition Act with respect to the transactions contemplated by this Agreement, and the form of and any terms and conditions attached to any such advice are acceptable to the Purchaser and the Vendors, acting reasonably, and such advice has not been rescinded or amended;

Examples of Competition Act Compliance in a sentence

Without limiting the foregoing, Competition Act Compliance shall have been satisfied.
The Vendors will provide their full cooperation to the Purchaser and the Corporation in obtaining Competition Act Compliance, provided that in so doing no Vendor will be required to pay any amount of money or agree to any terms and conditions of any nature.
The Purchaser shall give to the Vendor notice of Competition Act Compliance promptly (and in any event within two Business Days) following receipt by the Purchaser of evidence thereof.
Without limiting the generality of this Article 7, the Purchaser, the Vendors and Voyageur will each use reasonable efforts to obtain Competition Act Compliance and in doing so will co-operate with each other.
All waiting periods (and any extensions thereof) applicable to the Transactions under the HSR Act and the Competition Act shall have been terminated or shall have expired, the Competition Act Compliance shall have been obtained.

More Definitions of Competition Act Compliance

Competition Act Compliance means either: (a) the issuance by the Commissioner of Competition appointed under the Competition Act of an advance ruling certificate pursuant to Section 102 of the Competition Act with respect to the completion of the transactions contemplated by this Agreement, or the expiry of the applicable waiting period under Part IX of the Competition Act and the written notification by the Commissioner to the Buyer that the Commissioner does not, at that time, intend to make an application under Section 92 of the Competition Act for an order that would impede the completion, without variation, of the transactions contemplated by this Agreement; or (b) a determination from external counsel approved by both Parties that the purchase and sale contemplated by this Agreement does not meet the minimum threshold tests for reviewability under the Competition Act.

Competition Act Compliance means (a) the Commissioner of Competition (the “Commissioner”) appointed under the Competition Act has issued an advance ruling certificate pursuant to Section 102 of the Competition Act in respect of the Transactions; (b) the Commissioner has advised Buyer that the Commissioner does not intend to apply to the Competition Tribunal for an order under Section 92 of the Competition Act in respect of the Transactions and the applicable waiting period under Section 123 of the Competition Act has expired or been waived or (c) the applicable waiting period under Section 123 of the Competition Act has expired and the Commissioner has not advised the Parties that he intends to apply to the Competition Tribunal established by subsection 3(1) of the Competition Tribunal Act for an order under Section 92 or Section 100 of the Competition Act in respect of the Transactions.

Competition Act Compliance means that the applicable waiting period under Part IX of the Competition Act shall have expired or been waived or terminated and there shall be no order in place issued by the Competition Tribunal established under the Competition Tribunal Act (Canada) which would preclude completion of the transactions contemplated by this Agreement;

Competition Act Compliance means (a) the issuance of an advance ruling certificate under Section 102 of the Canadian Antitrust Law by the Commissioner of Competition appointed under the Canadian Antitrust Law (the “Commissioner” ) to the effect that she is satisfied that she would not have sufficient grounds upon which to apply to the Competition Tribunal for an order under Section 92 of the Canadian Antitrust Law with respect to the Transaction, or (b) that (i) the waiting period under Section 123 of the Canadian Antitrust Law shall have expired, or have been deemed to have expired, and (ii) Parent shall have been advised in writing by the Commissioner that she does not intend to make an application under Section 92 of the Canadian Antitrust Law in respect of the transactions contemplated by this Agreement and that any terms or conditions attached to any such advice shall be acceptable to Parent;

Competition Act Compliance means: (i) the issuance of an Advance Ruling Certificate; (ii) the Purchaser and the Vendor have given the notice required under section 114 of the Competition Act with respect to the transactions contemplated by this Agreement and the applicable waiting period under section 123 of the Competition Act has expired or been waived in accordance with the Act; or (iii) the obligation to give the requisite notice has been waived pursuant to subsection 113(c) of the Competition Act; and, in the case of (ii) and (iii), the Commissioner of Competition advising the Purchaser, in writing, on terms satisfactory to the Purchaser and the Vendor, acting reasonably, that the Commissioner of Competition is of the view that there are not sufficient grounds to initiate proceedings before the Competition Tribunal under the merger provisions of the Competition Act with respect to the transactions contemplated by this Agreement;