CIVC definition
Examples of CIVC in a sentence
Each of CIVC or CIVC Subco has made adequate reserves for all reclamation obligations and has made appropriate arrangements, through obtaining reclamation bonds or otherwise to discharge such reclamation obligations, to the extent applicable.
Each of CIVC and CIVC Subco is in compliance, in all material respects, with all applicable Environmental Laws and has not materially violated any then current Environmental Laws as applied at that time.
CIVC shall use all commercially reasonable efforts to cause all of the conditions to the obligations of Cannus under this Agreement to be satisfied on or prior to the Effective Date (to the extent the satisfaction of such conditions is within the control of CIVC or CIVC Subco).
CIVC shall furnish to Cannus and its legal counsel for review and comment, a reasonable amount of time prior to the time of filing of any document with the TSXV, a copy of each document to be filed with the TSXV and copies of the final approval of the TSXV respecting the de-listing.
Neither of CIVC or CIVC Subco or, to the knowledge of CIVC, any of their respective Associates, Affiliates or Advisers have retained any broker or finder in connection with the Amalgamation or the other transactions contemplated hereby, nor have any of the foregoing incurred any Liability to any broker or finder by reason of any such transaction.
The Board of Directors of the Company shall have established an executive committee (the “Executive Committee”), which shall consist of five (5) members, including one (1) director nominated by Flagship, one (1) director nominated by SCGC or CIVC and all the key management members designated by the Board of Directors, and the chairman of the Executive Committee shall be appointed by the Board of Directors.
All Taxes shown to be due on such Tax Returns, or otherwise owed, have been timely paid, other than those which are being contested in good faith and in respect of which adequate reserves have been provided in the most recently published financial statements of CIVC.
The provisions in the CIVC Agreements with respect to formation of a special committee of the Target Board of Directors have been waived or suspended with respect to this Agreement and the Merger.
Prior to the Effective Time and after giving effect to the Consolidation, CIVC shall ensure it has the requisite number of public shareholders that each hold at least a “Board Lot”, as defined in the CSE Policies, of CIVC Shares, and shall take all commercially reasonable steps, including, without limitation, undertaking a private placement to ensure it has the requisite shareholders holding a Board Lot.
No indebtedness for borrowed money is owing or guaranteed by CIVC or CIVC Subco.