Common use of Securities Requirements Clause in Contracts

Securities Requirements. Parent and the Company covenant to promptly ----------------------- apply for, and obtain prior to closing, and in any event within sixty (60) days of the date of this Agreement, all necessary consents, receipts, approvals, or orders from the applicable Canadian and United States securities regulatory authorities to ensure that each of the transactions contemplated in this Agreement, the Escrow Agreement, the Employee Escrow Agreement, the Stock Purchase Agreements, and the Parent Support Agreement may be completed in accordance with the applicable securities laws, regulations, policies and rules of such Canadian provinces and United States jurisdictions where compliance with such laws, regulations, policies and rules is required in connection with the transactions.

Securities Requirements. Parent and the Company covenant covenants to promptly ----------------------- apply for, and obtain prior to closing, and in any event within sixty thirty (6030) days of the date of this Agreement, all necessary consents, receipts, approvals, or orders from the applicable Canadian and United States securities regulatory authorities to ensure that each of the transactions contemplated in this Agreement, the Escrow Voting Agreement, the Employee Escrow Voting and Exchange Trust Agreement, the Stock Purchase Agreements, and the Parent Support Agreement and the exchange of Parent Common Stock for Parent Class A Common Stock and the first trade of such Parent Class A Common Stock after its issuance may be completed in accordance with the applicable securities laws, regulations, policies and rules of such Canadian provinces and United States jurisdictions where compliance with such laws, regulations, policies and rules is required in connection with the transactions.