Investment Canada Act Approval definition

Investment Canada Act Approval means the responsible Minister under the Investment Canada Act (the “Minister”) having sent a notice pursuant to Subsection 21(1) of the Investment Canada Act to the Buyer stating that the Minister is satisfied that the transactions contemplated by the Agreement are likely to be of net benefit to Canada, or alternatively, the time period provided for such notice under Subsection 21(1) of the Investment Canada Act shall have expired such that the Minister shall be deemed, pursuant to Subsection 21(9) of the Investment Canada Act, to be satisfied that the transactions contemplated by the Agreement are likely to be of net benefit to Canada.

Investment Canada Act Approval means that the Minister of Industry shall have advised LSEG in writing that he or she is satisfied or is deemed to be satisfied that the transactions contemplated by this Agreement are likely to be of “net benefit to Canada” and such approval has not been modified or withdrawn;

Investment Canada Act Approval means approval or deemed approval pursuant to the Investment Canada Act by the Minister of Industry;

Examples of Investment Canada Act Approval in a sentence

• As noted above, in connection with obtaining Investment Canada Act Approval and the Securities Regulatory Approvals, certain undertakings are being given by LSEG with respect to governance matters, including the ongoing composition of the Mergeco Board and, in particular, the ongoing representation of Canadian Directors.

• The Aastra Board considers there to be a low level of execution risk associated with the regulatory aspects of the transaction, as Mitel has agreed to use its commercially reasonable efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable Law to consummate the transactions contemplated by the Arrangement Agreement, including obtaining Investment Canada Act Approval and the French Authorization.

• To include systematics and unknowns in the statistical inference, we develop a Bayesian framework suitable for the cur- rent problem.

• The Company shall cooperate fully with Parent in connection with the preparation of such filing and obtaining the Investment Canada Act Approval and Parent shall respond promptly to any requests for supplemental information from IRD.

• To the extent that the Minister or his designees propose any amendments or require enhancements to such proposed undertakings contemplated in Section 5.7(a)(iii), Newmont shall propose, negotiate and enter into reasonable undertakings necessary to obtain the Investment Canada Act Approval.

More Definitions of Investment Canada Act Approval

Investment Canada Act Approval means to the extent that the transactions contemplated by this Agreement are reviewable pursuant to Part IV of the Investment Canada Act, a statement or deemed statement from the responsible Minister under the Investment Canada Act that the transaction is likely to be of net benefit to Canada.

Investment Canada Act Approval means the responsible Minister under the Investment Canada Act having sent a notice to Purchaser or Parent stating that such Minister is satisfied that the transactions contemplated by this Agreement are likely to be of net benefit to Canada, or such Minister having been deemed in accordance with the Investment Canada Act to be satisfied that the transactions contemplated by this Agreement are likely to be of net benefit to Canada.

Investment Canada Act Approval means: (a) that the Purchaser shall not have received notice from a Governmental Authority under either section 25.2(1) or section 25.3(2) of the Investment Canada Act within the periods prescribed under the Investment Canada Act or if the Purchaser has received such a notice, the Purchaser shall have subsequently received one of the following notices, as applicable: (i) under section 25.2(4)(a) of the Investment Canada Act indicating that no order for the review of the transactions contemplated by the Arrangement Agreement will be made under section 25.3(1) of the Investment Canada Act, (ii) under section 25.3(6)(b) of the Investment Canada Act indicating that no further action will be taken in respect of the transactions contemplated by the Arrangement Agreement, or (iii) under section 25.4(1) of the Investment Canada Act indicating that the Governor in Council authorizes the completion of the transactions contemplated by the Arrangement Agreement, in each case on terms and conditions satisfactory to the Purchaser, in its reasonable discretion, and (b) the responsible Minister has sent a notice to the Purchaser under the Investment Canada Act stating that the Minister is satisfied

Investment Canada Act Approval means that (i) the responsible Minister under the Investment Canada Act shall have sent a notice to the Purchaser stating that he is satisfied that the transactions contemplated by the Arrangement Agreement are likely to be of net benefit to Canada or the responsible Minister shall have been deemed in accordance with the Investment Canada Act to be satisfied that the transactions contemplated by the Arrangement Agreement are likely to be of net benefit to Canada, and, further with respect to the transactions contemplated by the Arrangement Agreement, (ii) (1) no notice shall have been given undersubsection 25.2(1) or subsection 25.3(2) of the Investment Canada Act within the prescribed period, or, (2) if notice has been given under subsection 25.2(1) or subsection 25.3(2) of the Investment Canada Act, then either: (a) the responsible Minister under the Investment Canada Act shall have sent to the Purchaser a notice under paragraph 25.2(4)(a) or paragraph 25.3(6)(b) of the Investment Canada Act or (b) the Governor in Council shall have issued an order under paragraph 25.4(1)(b) of the Investment Canada Act authorizing the transactions contemplated by the Arrangement Agreement.

Investment Canada Act Approval means NewCo has notified the Minister of the Transaction and (i) the Minister has not sent to NewCo a notice under subsection 25.2(1) of the Investment Canada Act within the prescribed time period and the Governor in Council has not made an order under subsection 25.3(1) of the Investment Canada Act in respect of the Transaction within the prescribed time period; (ii) if such a notice has been sent or such an order has been made, NewCo has subsequently received (A) a notice under paragraph 25.2(4)(a) of the Investment Canada Act indicating that a review of the Transaction on grounds of national security will not be commenced, (B) a notice under paragraph 25.3(6)(b) of the Investment Canada Act indicating that no further action will be taken in respect of the Transaction, or (C) a copy of an order under paragraph 25.4(1)(b) authorizing the Transaction; or (iii) if the Minister determines that a notification is not required under sections 11 and 12 of the Investment Canada Act then 45 days have passed after notifying the Minister of the Transaction.

Investment Canada Act Approval means approval by the Minister as prescribed under Part IV of the Investment Canada Act, R.S.C. 1985, c. 28 (1st Supp).

Investment Canada Act Approval means both: