Canabo definition
Examples of Canabo in a sentence
Each of FRV and Canabo acknowledges that the other will be irreparably harmed and that there will be no adequate remedy at law for a violation of any of its covenants and agreements contained in this Agreement.
The conditions precedent set out in §7.1, §7.2 and §7.3 will be conclusively deemed to have been satisfied, waived or released when, with the agreement of FRV and Canabo the documentation giving effect to the Arrangement is executed and delivered by the Parties, or the Parties otherwise close the Arrangement in accordance with the terms of the SEA.
The Corporation, Canabo and the Warrant Agent, by their respective directors, officers, agents, and employees and the Counsel for the Corporation, Canabo and for the Warrant Agent may attend any meeting of the Warrantholders.
If either FRV or Canabo proposes any amendment to this Agreement or to the Plan of Arrangement, the other will act reasonably in considering such amendment and if the other and its security holders are not prejudiced by reason of any such amendment, the other will co-operate in a reasonable fashion with the Person who made the proposal so that such amendment can be effected subject to applicable Laws and the rights of the affected Person's security holders.
Forthwith after the Effective Date, FRV, in accordance with the terms of this Arrangement, shall forward a Transmittal Letter and instructions to each holder of certificated Canabo Shares to which Section 3.01 applies, at the address of each shareholder as it appeared in the register of Canabo, instructions for obtaining delivery of certificates representing FRV Shares.
FRV and Canabo reserve the right to amend, modify and/or supplement this Plan of Arrangement from time to time at any time prior to the Effective Date.
FRV and Canabo will be entitled to deduct and withhold from any consideration payable to any holder of Canabo Shares, such amounts as FRV or Canabo is required or permitted to deduct and withhold with respect to such payment under the Tax Act, the United States Internal Revenue Code of 1986 or any provision of provincial, state, local or foreign tax laws, in each case, as amended.
Each of Canabo and FRV will use all reasonable commercial efforts to enable the other to review and comment on all such press releases before the release thereof and will enable the other to review and comment on such filings before the filing thereof, provided that the obligations herein will not prevent any party from making such disclosure as its counsel advises is required by applicable laws or the rules and policies of the reporting jurisdictions of the party.
FRV or Canabo is hereby authorized to sell or otherwise dispose of such portion of the consideration as is necessary to provide sufficient funds to FRV or Canabo, as the case may be, to enable it to comply with such deduction or withholding requirement, and FRV or Canabo will notify the holder thereof and remit to the holder any unapplied balance of the net proceeds of such sale.
All representations and warranties contained in the SEA on the part of each of FRV and Canabo will terminate on the Effective Date, provided however that neither FRV nor Canabo will be released or relieved from any liability arising from the breach by it of any of its covenants, representations or warranties, subject to the limitations on indemnification set out in Article 9 of the SEA.