Common use of Automatic Termination Events Clause in Contracts

Automatic Termination Events. This Agreement shall terminate automatically as to all Parties and without the need for notice in the event that: (a) the Support Agreement has been terminated for any reason under Section 12 of the Support Agreement (other than in respect of a termination pursuant to Section 12(d) or 12(e) of the Support Agreement); (b) by 11:59 p. m. (Toronto time) on May 12, 2018, the Advisors have not given written notice to the Company that Private Placement Parties holding at least 90% of the aggregate Private Placement Commitments as of the date hereof have agreed to a term sheet setting out the principal terms of the governance structure of the Company and the registration rights of certain holders of Common Shares following the Effective Time, in form and substance acceptable to the Company, acting reasonably and such Private Placement Parties (the “Governance Term Sheet”); or (c) Private Placement Parties collectively holding more than 10% of the Private Placement Commitments have terminated this Agreement in respect of themselves pursuant to Section 10(b).

Automatic Termination Events. This Agreement shall terminate automatically as to all Parties and without the need for notice in the event that: : (a) the Support Agreement has been terminated for any reason under Section 12 of the Support Agreement (other than in respect of a termination pursuant to Section 12(d) or 12(e) of the Support Agreement); ; (b) by 11:59 p. m. (Toronto time) on May 12, 2018, the Advisors have not given written notice to the Company that Private Placement Parties holding at least 90% of the aggregate Private Placement Commitments as of the date hereof have agreed to a term sheet setting out the principal terms of the governance structure of the Company and the registration rights of certain holders of Common Shares following the Effective Time, in form and substance acceptable to the Company, acting reasonably and such Private Placement Parties (the “Governance Term Sheet”); or or (c) Private Placement Parties collectively holding more than 10% of the Private Placement Commitments have terminated this Agreement in respect of themselves pursuant to Section 10(b).