Common use of No Collateral Benefit Clause in Contracts

No Collateral Benefit. To the knowledge of the Company, no related party of the Company (within the meaning of MI 61-101) together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Shares, except for related parties who will not receive a “collateral benefit” (within the meaning of MI 61-101) as a consequence of the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Arrangement Agreement (Score Media & Gaming Inc.), Arrangement Agreement (Penn National Gaming Inc)

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No Collateral Benefit. To the knowledge of the Company, no related party of the Company (within the meaning of MI 61-101) together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Company Shares, except for related parties who will not receive a “collateral benefit” (within the meaning of MI 61-101such instrument) as a consequence of the transactions contemplated by this Agreement., other than as disclosed in the Company Disclosure Letter. SCHEDULE D REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

Appears in 2 contracts

Samples: Arrangement Agreement (Valens Company, Inc.), Arrangement Agreement (SNDL Inc.)

No Collateral Benefit. To the knowledge of the Company, Company no related party party” of the Company or any of its “affiliated entities” (in each case within the meaning of MI 61-101) together with its associated entities), beneficially owns or exercises control or direction over 1% or more of the outstanding Common Shares, except for (i) the Purchaser and its affiliates and (ii) related parties who will not receive a “collateral benefit” (within the meaning of MI 61-101such instrument) as a consequence of the transactions any transaction contemplated by under this Agreement.

Appears in 1 contract

Samples: Arrangement Agreement (Liminal BioSciences Inc.)

No Collateral Benefit. To the knowledge of the Company, no related party of the Company (within the meaning of MI 61-101) ), together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Ordinary Shares, except for related parties who will not receive a “collateral benefit” (within the meaning of MI 61-101) as a consequence of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Arrangement Agreement (Scientific Games Corp)

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No Collateral Benefit. To the knowledge of the Company, no No related party of the Company (within the meaning of MI 61-101) together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Shares, except for related parties who will not receive a “collateral benefit” (within the meaning of MI 61-101) as a consequence of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Arrangement Agreement (Jones Soda Co)

No Collateral Benefit. To the knowledge of the Company, no related party of the Company (within the meaning of MI 61-101) together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Company Shares, except for related parties who will not receive a “collateral benefit” (within the meaning of MI 61-101such instrument) as a consequence of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Arrangement Agreement (Thompson Creek Metals Co Inc.)

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