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MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks

MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks

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delayed, (1) sell, lease, subject to any Lien (other than Permitted Liens) or otherwise dispose of,<br />

any of the Initial Closing Acquired Assets except in the ordinary course of business, (2) cancel,<br />

compromise, waive or release any right or claim relating to the Initial Closing Acquired Assets<br />

except in the ordinary course of business, (3) enter into any Initial Closing Assumed Contract<br />

that would constitute a Material Contract if such Initial Closing Assumed Contract were entered<br />

into prior to the date hereof or terminate or amend in any material respect any Material Contract,<br />

(4) commence or settle any litigation, action, claim, arbitration, proceeding or investigation<br />

relating to the Initial Closing Acquired Assets or Initial Closing Assumed Liabilities except in<br />

the ordinary course of business, (5) except as required by applicable Legal Requirements,<br />

terminate the employment of any Initial Closing Employee, increase or make any representation<br />

about an increase in the annual remuneration of an Initial Closing Employee (other than<br />

increases in base compensation pursuant to periodic performance reviews in the ordinary course<br />

of business), or vary the terms of employment or engagement of any Initial Closing Employee or<br />

(6) agree to do any of the foregoing in clauses (1) through (5) except in the ordinary course of<br />

business. Without limiting the foregoing, and until the earlier of the Initial Closing or<br />

termination of this Agreement, Seller shall, and shall cause the Seller Parties to, proactively<br />

consult with Buyer and/or the applicable Buyer Parties in a timely manner in respect of any<br />

material matter or material decision in connection with, relating to or otherwise having a material<br />

impact on the Initial Closing Business and/or the Initial Closing Acquired Assets.<br />

(b) Until the earlier of the Canada Closing or termination of this Agreement<br />

and the Canada Purchase Agreement, without the prior written consent of Buyer, which consent<br />

shall not be unreasonably withheld or delayed, Seller shall, and shall cause the Canada Seller to,<br />

(i) operate the Canada Acquired Assets only in the ordinary course of the Canada Businesses to<br />

which such Canada Acquired Assets relate, consistent with prior practices, (ii) comply in all<br />

material respects with all applicable Legal Requirements and all applicable Governmental<br />

Authorities and Licenses and (iii) use commercially reasonable efforts to preserve the Canada<br />

Acquired Assets in good order, ordinary wear and tear excepted. Seller shall not, and shall cause<br />

the Canada Seller not to, without the prior written consent of Buyer, which consent shall not be<br />

unreasonably withheld or delayed, (1) sell, lease, subject to any Lien (other than Permitted<br />

Liens) or otherwise dispose of, any of the Canada Acquired Assets except in the ordinary course<br />

of business, (2) cancel, compromise, waive or release any right or claim relating to the Canada<br />

Acquired Assets except in the ordinary course of business, (3) enter into any Canada Assumed<br />

Contract that would constitute a Material Contract if such Canada Assumed Contract were<br />

entered into prior to the date hereof or terminate or amend in any material respect any Material<br />

Contract, (4) commence or settle any litigation, action, claim, arbitration, proceeding or<br />

investigation relating to the Canada Acquired Assets or Canada Assumed Liabilities except in<br />

the ordinary course of business, (5) except as required by applicable Legal Requirements,<br />

terminate the employment of any Canada Employee (other than any termination of a Canada<br />

Transferred Employee necessary or appropriate to facilitate the transition of employment of such<br />

Canada Transferred Employee from Seller or the Seller Parties to Buyer or the Buyer Parties),<br />

increase or make any representation about an increase in the annual remuneration of a Canada<br />

Employee (other than increases in base compensation pursuant to periodic performance reviews<br />

in the ordinary course of business), or vary the terms of employment or engagement of any<br />

Canada Employee or (6) agree to do any of the foregoing in clauses (1) through (5) except in the<br />

ordinary course of business. Without limiting the foregoing, and until the earlier of the Canada<br />

Closing or termination of this Agreement and the Canada Purchase Agreement, Seller shall, and<br />

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