Competition Act Clause Samples
The Competition Act clause ensures that the parties to an agreement comply with applicable competition and antitrust laws. It typically requires each party to avoid engaging in anti-competitive practices such as price-fixing, market allocation, or abuse of dominant position, and may obligate them to notify or seek approval from competition authorities if the transaction meets certain thresholds. This clause is essential for preventing legal violations that could result in fines or the invalidation of the agreement, thereby protecting both parties from regulatory risks and ensuring lawful business conduct.
POPULAR SAMPLE Copied 1 times
Competition Act. Under Canadian law, a Proponent’s Proposal must be prepared without conspiracy, collusion, or fraud. For more information on this topic, visit the Competition Bureau website at ▇▇▇▇://▇▇▇.▇▇-▇▇.▇▇.▇▇/eic/site/cb- bc.nsf/eng/01240.html, and in particular, part VI of the Competition Act, R.S.C. 1985, c. C-34.
Competition Act. Neither the aggregate value of the assets in Canada, nor the aggregate annual gross revenues from sales in or from Canada, of Corporation and its Subsidiaries exceeds C$93 million as determined in accordance with the Competition Act (Canada) and the regulations thereunder.
Competition Act. Competition Act Approval shall have been obtained.
Competition Act. The Company and its affiliates (as that term is defined in the Competition Act) do not have assets in Canada with an aggregate value of more than C$75 million or annual gross revenues from sales in, from or into Canada with an aggregate value of more than C$185 million, all as determined in accordance with the Competition Act.
Competition Act. The aggregate value of the assets in Canada of the Company, calculated in the manner prescribed under the Competition Act, does not exceed $93 million, and the annual gross revenues from sales in, from or into Canada generated from all assets of the Company, calculated in the manner prescribed under the Competition Act, do not exceed $93 million.
Competition Act. The aggregate value of the assets in Canada, determined in accordance with the Competition Act, that are owned by Seller or by the entities controlled by Seller, does not exceed $86,000,000.
Competition Act. The Council reserves the right in appropriate circumstances to make this Agreement and all documents related or connected to it available to the Office of Fair Trading and other statutory regulators.
Competition Act. Assuming that the Effective Date is the date of this agreement, Acquireco together with its affiliates (as defined in the Competition Act (Canada)) do not have: (a) total assets in Canada that exceed Can$125 million, which for these purposes in respect of mineral royalties means royalties in mines in Canada; or (b) annual gross revenues from sales in, from or into Canada exceeding Can$125 million, in either case, as determined pursuant to section 109 of the Competition Act (Canada), provided that, for the purposes of clause (c) of Schedule D, the assumption that the Effective Date is the date of this agreement will not apply.
Competition Act. The transactions contemplated by this Agreement are not subject to notification under Part IX of the Competition Act (Canada) as neither DVI's assets in Canada nor its gross revenues from sales in or from Canada, exceed the thresholds set out in the provisions of the Competition Act (Canada), as determined in accordance with the Notifiable Transaction Regulations thereto.
Competition Act. No provision of this Lease is intended to apply or to be enforceable to the extent that it might give rise to any offence under the Competition Act, RSC 1970 Chapter 23 or any statute that may be substituted therefor, as from time to time amended.