Competition Act Approval definition

Competition Act Approval means the occurrence of one or more of the following:

Competition Act Approval means that one or more of the following shall have occurred: (i) the relevant waiting period in section 123 of the Competition Act shall have expired, been waived or been terminated and the Commissioner shall have issued a letter to the Parties indicating that he does not, at that time, intend to make an application under section 92 of the Competition Act in respect of the Investment; or (ii) the Commissioner shall have issued an ARC in respect of the Investment;

Competition Act Approval means either:

Examples of Competition Act Approval in a sentence

• Notwithstanding the forgoing, to the extent that the representations set forth in Section 3.1.10 or Section 3.1.11 are not accurate as at the Closing Date, the Seller and the Corporation shall use reasonable commercial efforts to obtain the Investment Canada Act Approval or the Competition Act Approval, as applicable, prior to the Closing Date.

• Each of the Competition Act Approval and Investment Canada Act Approval shall have been obtained.

• The Sellers and the Purchaser shall as promptly as practicable provide any supplemental information requested pursuant to the HSR Act or Competition Act and furnish to each other party’s counsel such necessary information and reasonable assistance as the other may request in connection with its preparation of any filing or submission that is necessary under the HSR Act and any Other Antitrust Regulations, including Competition Act Approval.

• Each of the Purchaser and the Company shall pay one-half of any filing or similar fee payable to a Governmental Entity and applicable Taxes in connection with a Regulatory Approval, provided that, the Purchaser shall be responsible for paying 100% of the filing fee in connection with the Competition Act Approval.

• The applicable fees and expenses in connection with the Competition Act Approval shall be shared in accordance with Clause 13.1(c) of the Memorandum of Understanding.

More Definitions of Competition Act Approval

Competition Act Approval means one of the following shall have occurred with respect to the transactions contemplated by this Agreement:

Competition Act Approval means that (a) the Commissioner shall have issued an ARC, or (b) the applicable waiting period under Section 123 of the Competition Act shall have expired or been terminated by the Commissioner, or the obligation to submit a notification shall have been waived under Section 113(c) of the Competition Act, and the Commissioner shall have issued a No-Action Letter;

Competition Act Approval means (i) the issuance to Plazacorp of an advance ruling certificate by the Commissioner of Competition under Subsection 102(1) of the Competition Act to the effect that the Commissioner of Competition is satisfied that she or he would not have sufficient grounds upon which to apply to the Competition Tribunal for an order under Section 92 of the Competition Act with respect to the transactions contemplated by the Offer; or (ii) both (A) the waiting period, including any extension of such waiting period, under Section 123 of the Competition Act shall have expired or been terminated or the obligation to provide a pre-merger notification in accordance with Part IX of the Competition Act shall have been waived in accordance with paragraph 113(c) of the Competition Act, and (B) Plazacorp shall have received a letter from the Commissioner of Competition indicating that she or he does not, as of the date of the letter, intend to make an application under Section 92 of the Competition Act in respect of the transactions contemplated by the Offer;

Competition Act Approval means, in respect of the transactions contemplated by this Agreement, the occurrence of one or more of the following: (i) the issuance of an ARC that has not been rescinded, or (ii) both of (A) the receipt of a No Action Letter, and (B) the expiry, waiver or termination of any applicable waiting periods under section 123 of the Competition Act.

Competition Act Approval means (a) the Commissioner shall have issued an advance ruling certificate with respect to the Transaction under section 102 of the Competition Act; or (b) both of (i) the applicable waiting period under section 123 of the Competition Act shall have expired, been waived or been terminated, or the obligation to provide pre-merger notification in accordance with Part IX of the Competition Act shall have been waived in accordance with paragraph 113(c) of the Competition Act; and (ii) KGI shall have been advised in writing by the Commissioner that the Commissioner does not at that time intend to make an application under section 92 of the Competition Act in respect of the Transaction, and any terms and conditions attached to such advice shall be acceptable to KGI in its sole discretion, and such advice has not been withdrawn.

Competition Act Approval means receipt of an ARC or, in the alternative to an ARC, the expiration or earlier termination of the waiting period under Part IX of the Competition Act and a letter from the Commissioner or a person authorized by the Commissioner that the Commissioner has determined not to make an application for an order under section 92 of the Competition Act in respect of the transactions contemplated by this Agreement.

Competition Act Approval means (i) receipt by the Purchaser of an advance ruling certificate by the Commissioner of Competition under Subsection 102(1) of the Competition Act to the effect that the Commissioner of Competition is satisfied that he would not have sufficient grounds upon which to apply to the Competition Tribunal for an order under Section 92 of the Competition Act with respect to the transactions contemplated by this Agreement; or (ii) both of the (A) expiry or termination of the waiting period, including any extension of such waiting period, under Section 123 of the Competition Act or the waiver of the obligation to provide a pre-merger notification in accordance with paragraph 113(c) of the Competition Act, and (B) receipt by the Purchaser of a No Action Letter.