Examples of Policy Q-27 in a sentence
However, if the Subsequent Acquisition Transaction is a “business combination” or “going private transaction” carried out in accordance with Rule 61-501 or an exemption therefrom and Policy Q-27 or an exemption therefrom, the “related party transaction” provisions of Rule 61-501 and Policy Q-27 would not then apply to such transaction.
In connection therewith, the Offerors intend to rely on any exemption then available or to seek waivers pursuant to Rule 61-501 and Policy Q-27 from the OSC and AMF exempting the Offerors or Wheaton or their Affiliates, as appropriate, from the requirement to prepare a valuation in connection with the Subsequent Acquisition Transaction.
In certain circumstances, the provisions of Rule 61-501 and Policy Q-27 may also deem the Subsequent Acquisition Transaction to be a “related party transaction”.
Rule 61-501 and Policy Q-27 have similar requirements for related party transactions.
Judicial Developments Prior to the adoption of Rule 61-501 (or its predecessor, OSC Policy 9.1) and Policy Q-27, Canadian courts had in several instances granted preliminary injunctions to prohibit transactions involving going private transactions.