Common use of Change of Closing Date Clause in Contracts

Change of Closing Date. Subject to Section 14, if a material change or a change in a material fact occurs prior to the Closing Date, the Closing Date shall be, unless the Company and the Agent otherwise agree in writing, the tenth Business Day following the later of: (a) the date on which all applicable filing or other requirements of the Canadian Securities Laws with respect to such material change or change in a material fact have been complied with in all applicable Qualifying Provinces and any appropriate receipts obtained for such filings and notice of such filings from the Company or its counsel has been received by the Agent; and (b) the date upon which the commercial copies of any Supplementary Material have been delivered in accordance with paragraph 5(d).