S-34.1, r. 3 - Regulation respecting petroleum exploration, production and storage licences, and the pipeline construction or use authorization

Section 166 Disposition versions

2018-09-20

166. The declaration setting forth the net assets or financing agreements that the holder has entered into, provided for in the first paragraph of section 165, must contain, in particular,

(1)  the holder’s assets and total liability;

(2)  a description of the holder’s organizational structure and, where applicable, of any affiliated or parent company, including an organization chart showing the relationships between them; and

(3)  a summary of how any financial liabilities attributable to the anticipated activities in the territory subject to the licence will be resolved by specifying the means that will be taken to obtain the necessary funds and the time at which the funds will be raised.

O.C. 1253-2018, s. 166.

Not in force

In force: 2018-09-20

166. The declaration setting forth the net assets or financing agreements that the holder has entered into, provided for in the first paragraph of section 165, must contain, in particular,

(1)  the holder’s assets and total liability;

(2)  a description of the holder’s organizational structure and, where applicable, of any affiliated or parent company, including an organization chart showing the relationships between them; and

(3)  a summary of how any financial liabilities attributable to the anticipated activities in the territory subject to the licence will be resolved by specifying the means that will be taken to obtain the necessary funds and the time at which the funds will be raised.

O.C. 1253-2018, s. 166.