Ownership Restriction. Notwithstanding any other provision in this Debenture, the Holder shall not, directly or indirectly, whether alone or jointly or in concert with any other Person, without the prior written consent of the Company, be permitted to exercise a right in this Debenture to receive securities of the Company if the exercise of such right shall, upon issuance of the applicable securities to the Holder, or to a person as directed by the Holder, restrict the Company’s eligibility to acquire or hold, through an application or otherwise, a retail operator licence, or similar licence, as a result of the ownership of the Company’s securities by licenced producers (as such term is defined in the Cannabis Act (Canada)) being above the prescribed limit in any law, by-law, rule, regulation, order or act of any Governmental Authority.
Appears in 2 contracts
Sources: Omnibus Debt Restructuring Agreement, Omnibus Debt Restructuring Agreement