Common use of Information Circular Clause in Contracts

Information Circular. As promptly as practicable after the execution and delivery of this Agreement, and in any event within 90 days thereafter, ADSX and the Corporation shall prepare the Circular together with any other documents required by the Securities Act or other applicable Laws in connection with the Arrangement, and the Corporation shall cause the Circular and other documentation required in connection with the Meeting to be sent to each holder of Common Shares and filed as required by the Interim Order and applicable Laws. The Corporation shall not mail the Circular, or any amendment or supplement thereto, to which ADSX reasonably objects, provided that ADSX shall not advance any such objection based on any matter that the Corporation is required by law to disclose in the Circular, amendment or supplement. The Corporation covenants that the information to be contained in the Circular or any amendment thereto (including any information referred to therein or incorporated therein by reference) relating to the Corporation and the Subsidiaries will be accurate and complete in all material respects as at the date thereof and will not contain a misrepresentation (as such term is defined in the Securities Act) as at such date. ADSX covenants that the information to be contained in the Circular or any amendment thereto (including any information referred to therein or incorporated therein by reference) relating to ADSX will be accurate and complete in all material respects as at the date thereof and will not contain a misrepresentation (as such term is defined in the Securities Act) as at such date.

Appears in 2 contracts

Sources: Acquisition Agreement (VeriChip CORP), Acquisition Agreement (Applied Digital Solutions Inc)