Shelf Procedures Eligibility Clause Samples
The Shelf Procedures Eligibility clause defines the criteria that must be met for a security offering to qualify for streamlined registration under shelf procedures. Typically, this involves requirements such as the issuer's reporting history, financial standing, or compliance with regulatory standards. For example, only companies that have filed timely reports with the relevant securities authority or meet certain market capitalization thresholds may be eligible. The core function of this clause is to ensure that only qualified issuers can take advantage of expedited offering processes, thereby maintaining market integrity and protecting investors.
Shelf Procedures Eligibility. The Company is qualified under NI 44-101 to file a prospectus in the form of a short form prospectus in each of the Qualifying Jurisdictions and is eligible to use the Shelf Procedures.
Shelf Procedures Eligibility. 2.57.1 The Company is qualified under NI 44-101 to file a prospectus in the form of a short form prospectus in the Qualifying Jurisdictions and is eligible to use the Shelf Procedures.
2.57.2 The Company has prepared and filed with the Canadian Securities Regulators in accordance with the Shelf Procedures, the Canadian Base Prospectus and has obtained receipts for the Canadian Base Prospectus from the Financial and Consumer Affairs Authority of Saskatchewan for and on behalf of itself and each of the other Canadian Securities Regulators. The aggregate amount of all Common Shares issued pursuant to the Canadian Base Prospectus does not and, upon completion of the Offering, will not exceed CDN$200,000,000, being the maximum allowable amount thereunder.
2.57.3 As of the Effective Date (and not including this Offering), the Company has sold an aggregate of CDN$29,630,803.66 in prior transactions under the Shelf Prospectus.
Shelf Procedures Eligibility. The Bank is qualified under NI 44-101 to file a prospectus in the form of a short form prospectus in each of the Qualifying Jurisdictions and is eligible to use the Shelf Procedures.