RE:RE:Jeo Jade a-t-il les fonds requis pour acheter les actions ?I was totally wrong. The Outside Date is Jul 31/16 but it can be extended for another 60 days after that. Deal still on..no time limit.
Timing
Subject to satisfaction or waiver of all conditions to the Arrangement set forth in the Arrangement Agreement, the Arrangement will become effective upon the Effective Date. If the Arrangement Resolution is approved at the Meeting, as required by the Interim Order, Bankers will apply to the Court for the Final Order approving the Arrangement. If the Final Order is obtained on or about June 3, 2016, in form and substance satisfactory to the Parties and all other conditions specified in the Arrangement Agreement are satisfied or waived, the Parties presently expect the Effective Date will be on or about June 30, 2016.
- 25 - The Effective Date could be delayed, however, for a number of reasons, including an objection before the Court at the hearing of the application for the Final Order or the failure to receive any required regulatory, governmental or third party approvals or consents on acceptable terms and conditions in a timely manner.
It is a condition to the completion of the Arrangement that the Arrangement shall have become effective on or prior to July 31, 2016 or such later date as may be agreed to in writing by the Parties, except that if the Outside Date has occurred without the Effective Date also having occurred through no fault of either Party, the Outside Date will automatically be extended by an additional sixty (60) days.