Competition Act Approval. The Competition Act Approval shall have been obtained.
Competition Act Approval. (a) The Purchaser and the Company will co-operate with each other upon and subject to the provisions of Sections 4.5(c) and 4.5(d) and the further provisions of this Section 4.6, and use their commercially reasonable efforts to obtain the Competition Act Approval and the Purchaser shall, subject to the Company providing such information and assistance as the Purchaser and its counsel may reasonably request, make a submission to the Commissioner requesting the issuance of an advance ruling certificate under section 102 of the Competition Act, or in the alternative, a No Action Letter and a waiver of the obligation to notify and supply information under Part IX of the Competition Act pursuant to section 113(c) of the Competition Act. If mutually agreed by the Parties, the Parties shall each file with the Commissioner notifications under Part IX of the Competition Act as soon as practicable and within ten Business Days of such request.
Competition Act Approval. The Competition Act Approval shall have been obtained on terms satisfactory to Sellers acting reasonably and shall be in full force and effect.
Competition Act Approval. The Transaction is a ‘‘notifiable transaction’’ for the purposes of Part IX of the Competition Act. When a transaction is a notifiable transaction under the Competition Act, certain prescribed information must be provided to the Commissioner under Part IX of the Competition Act and the transaction may not be completed until the expiry, waiver or termination of the applicable waiting period. Where a notification is made, the waiting period is 30 calendar days after the day on which the parties to the transaction submit the prescribed information, provided that, before the expiry of this period, the Commissioner has not notified the parties that he requires additional information that is relevant to the Commissioner’s assessment of the transaction (a ‘‘Supplementary Information Request’’). If the Commissioner provides the parties with a Supplementary Information Request, the parties cannot complete their transaction until 30 calendar days after compliance with such Supplementary Information Request, provided that there is no order in effect prohibiting completion at the relevant time. The Commissioner may, upon application by the parties to a proposed transaction, issue an Advance Ruling Certificate under Section 102 of the Competition Act where he is satisfied that he would not have sufficient grounds on which to apply to the Competition Tribunal (the ‘‘Tribunal’’) for an order under Section 92 of the Competition Act. Further, if the transaction to which the Advance Ruling Certificate relates is substantially completed within one year after the Advance Ruling Certificate is issued, the Commissioner cannot seek an order of the Tribunal under Section 92 of the Competition Act in respect of the transaction solely on the basis of information that is the same or substantially the same as the information on the basis of which the Advance Ruling Certificate was issued. The Commissioner may decide to challenge the Transaction under Section 92 of the Competition Act if he is of the view that the Transaction is likely to prevent or lessen competition substantially, and may also apply to the Tribunal for an injunction to prevent its closing pending the Tribunal’s determination of his challenge to the Transaction. Completion of the Transaction is subject to receipt of Competition Approval, meaning: (a) the issuance of an Advance Ruling Certificate; or (b) the applicable waiting period under Section 123 of the Competition Act has expired or been waived and a No Action L...
Competition Act Approval. (a) The Fund and IRE and/or any of their Subsidiaries, as applicable, shall: (i) take promptly all reasonable actions necessary to make the filings required, or which the Fund and IRE jointly elect to make in respect of the Competition Act Approval (the “Competition Filing”); and (ii) comply at the earliest practicable date with any request for additional information or documentary material received by the Fund or IRE or any of their Subsidiaries from a Governmental Entity with respect to a Competition Filing.
Competition Act Approval. The Competition Act Approval shall have been obtained on terms acceptable to Gas Corp. acting reasonably;
Competition Act Approval. The Competition Act Approval shall have been obtained at or prior to Closing, on terms acceptable to CCNGP acting reasonably;
Competition Act Approval. (a) As soon as practicable and in any event within fifteen Business Days after execution of this Agreement, unless otherwise agreed by the Parties, (i) the Purchaser shall, and the Sellers shall cause the Corporation to, file a notification pursuant to section 114(1) of the Competition Act and (ii) the Purchaser shall file a request for an advance ruling certificate under section 102 of the Competition Act or in the alternative a No Action Letter, in respect of the Transactions.
Competition Act Approval. With respect to the Competition Act Approval, Purchaser and Seller Parent will, as soon as practicable and in any event within ten (10) Business Days following the date of this Agreement, prepare and provide joint submissions to the Commissioner of Competition, including an application for an Advance Ruling Certificate. In addition, if requested by Seller Parent or Purchaser, Seller Parent and Purchaser will promptly file a notice under section 114 of the Competition Act. Purchaser and Seller Parent shall cooperate with one another in connection with obtaining the Competition Act Approval. Subject to Laws, Purchaser and Seller Parent shall keep each other fully informed as to the status of and the processes and proceedings relating to obtaining the Competition Act Approval, and shall promptly notify each other of any material notice or other material communication (including providing copies of any material correspondence and responses to information requests) from the Commissioner of Competition. Prior to the Closing, neither Purchaser or Seller Parent shall make any submissions or filings or respond to any information requests, or participate in any meetings or any material conversations with the Commissioner of Competition without the prior written approval of Seller Parent or Purchaser (as applicable), such approval not to be unreasonably withheld or delayed. Despite the foregoing, submissions, filings, documentation or other written communications with the Commissioner of Competition may be redacted as necessary before sharing with the other Party to address reasonable attorney-client or other privilege or confidentiality concerns, provided that a Party shall provide external legal counsel to the other Party non-redacted versions of drafts or final submissions, filings or other written communications with the Commissioner of Competition on the basis that the redacted information will not be shared with its clients.
Competition Act Approval. On or before the Closing Date, the Purchaser will have received Competition Act Approval and such approval will not have been withdrawn.
