Common use of Extra-provincial Registration Clause in Contracts

Extra-provincial Registration. Each of the Corporation and the Material Subsidiaries are licensed, registered or qualified as an extra-provincial or foreign corporation in all jurisdictions where the character of the property or assets thereof owned or leased or the nature of the activities conducted by it make licensing, registration or qualification necessary except where the failure to be so registered, licensed or otherwise qualified would not have a material adverse effect on the Corporation, and is carrying on the business thereof in compliance with all applicable laws, rules and regulations of each such jurisdiction.

Extra-provincial Registration. Each of the Corporation and the Material Subsidiaries are is licensed, registered or qualified as an extra-provincial or foreign corporation in all jurisdictions where the character of the property or assets thereof owned or leased or the nature of the activities conducted by it make licensing, registration or qualification necessary except where the failure to be so registered, licensed or otherwise qualified would not have a material adverse effect on the Corporation, and is carrying on the business thereof in compliance with all applicable laws, rules and regulations Laws of each such jurisdiction.