Common use of Timely Disclosure Clause in Contracts

Timely Disclosure. Miramar is in compliance with all timely disclosure obligations under the Applicable Securities Laws of the Reporting Jurisdictions and the United States, and, without limiting the generality of the foregoing, there has not occurred any material adverse change in the assets, liabilities (contingent or otherwise), capital, affairs, business, prospects, operations or condition (financial or otherwise) of Miramar or any Miramar Subsidiary which has not been publicly disclosed and none of the documents filed by or on behalf of Miramar pursuant to the Applicable Securities Laws of the Reporting Jurisdictions and the United States contain a misrepresentation (as such term is defined in the Securities Act (Ontario)) at the date of the filing thereof.