Common use of Impediments Clause in Contracts

Impediments. Other than in connection with or in compliance with the provisions of Securities Laws and the rules of The Toronto Stock Exchange and the American Stock Exchange and the receipt of the applicable approvals under the Competition Act, (i) there are no legal restrictions to the consummation by Acquiror and Canco of the transactions contemplated by this Agreement or the performance by each of Acquiror and Canco of its obligations hereunder and (ii) no filing or registration by Acquiror or Canco with, or authorization, consent or approval of, any domestic or foreign public body or authority is necessary in connection with the consummation of the Arrangement, except for such filings or registrations which, if not made, or such authorizations, consents or approvals, which, if not received, would not have a Material Adverse Effect in respect of Acquiror.

Impediments. Other than in connection with or in compliance with the provisions of Securities Laws and the rules of The Toronto Stock Exchange and the American Stock Exchange and the receipt of the applicable approvals under the Competition Act and the Investment Canada Act, (i) there are is no legal restrictions to the consummation by Acquiror and Canco the Corporation of the transactions contemplated by this Agreement or the performance by each of Acquiror and Canco the Corporation of its obligations hereunder and (ii) no filing or registration by Acquiror or Canco the Corporation with, or authorization, consent or approval of, any domestic or foreign public body or authority is necessary in connection with the consummation of the Arrangement, except for such filings or registrations which, if not made, or such authorizations, consents or approvals, which, if not received, would not have a Material Adverse Effect in respect material adverse effect on the ability of Acquirorthe Corporation to perform its obligations hereunder.