Common use of Proxy Circular Clause in Contracts

Proxy Circular. As promptly as reasonably practicable, the Corporation shall prepare the Proxy Circular (setting forth inter alia the recommendation of the Board of Directors set forth in Section 2.6(a) and the opinion of the Corporation's financial advisors referred to in Section 2.6(b) and reflecting the execution of the lock-up agreements referred to in Section 9.2(e) and the intention of the senior officers and directors referred to in Section 2.6(c)) together with any other documents required by Securities Laws or other applicable laws in connection with the approval of the Arrangement by the Shareholders and Optionholders and the Corporation shall, on a confidential basis, provide Acquiror timely opportunity to review and a reasonable period of time in the circumstances to comment on all such documentation and all such documentation shall be reasonably satisfactory to Acquiror before it is filed or distributed to the Shareholders and Optionholders. As promptly as practicable after obtaining the Interim Order and, in any event on or before September 30, 2002, the Corporation shall use its commercially reasonable efforts to cause the Proxy Circular and other documentation required in connection with the Shareholder Meeting to be sent to each Shareholder and each Optionholder and filed as required by the Interim Order and applicable laws.

Proxy Circular. As promptly as reasonably practicable, the Corporation shall prepare the Proxy Circular (setting forth inter alia the recommendation of the Board of Directors set forth in Section 2.6(a) and the opinion of the Corporation's financial advisors referred to in Section 2.6(b) and reflecting the execution of the lock-up agreements referred to in Section 9.2(e) and the intention of the senior officers and directors referred to in Section 2.6(c)) together with any other documents required by Securities Laws or other applicable laws in connection with the approval of the Arrangement by the Shareholders and Optionholders and the Corporation shall, on a confidential basis, provide Acquiror timely opportunity to review and a reasonable period of time in the circumstances circumstance to comment on all such documentation and all such documentation shall be reasonably satisfactory to Acquiror before it is filed or distributed to the Shareholders and OptionholdersShareholders. As promptly as practicable after obtaining the Interim Order and, in any event on or before September 30March 26, 2002, the Corporation shall use its commercially reasonable efforts to cause the Proxy Circular and other documentation required in connection with the Shareholder Meeting to be sent to each Shareholder and each Optionholder holder of an Option, Warrant or Share Purchase Right and filed as required by the Interim Order and applicable laws.