TERMIUM Plus®
The Government of Canada’s terminology and linguistic data bank.
FIDUCIARY-OUT PROVISION [1 record]
Record 1 - internal organization data 2009-07-06
Record 1, English
Record 1, Subject field(s)
- Commercial Law
- Amalgamation and Partnerships (Finance)
Record 1, Main entry term, English
- fiduciary-out clause
1, record 1, English, fiduciary%2Dout%20clause
correct
Record 1, Abbreviations, English
Record 1, Synonyms, English
- fiduciary-out provision 2, record 1, English, fiduciary%2Dout%20provision
correct
Record 1, Textual support, English
Record number: 1, Textual support number: 1 CONT
The deal protection measures are often softened by fiduciary-out clauses that provide the target corporations with an escape hatch. The provision protects the directors of a target company from having to choose between violating their fiduciary obligations to shareholders and violating a purchase agreement. Under the language of a fiduciary out provision, the directors are excused from any action that would constitute a violation of their duty. 2, record 1, English, - fiduciary%2Dout%20clause
Record 1, Key term(s)
- fiduciary out clause
- fiduciary out provision
Record 1, French
Record 1, Domaine(s)
- Droit commercial
- Fusion, absorption et coparticipation (Finances)
Record 1, Main entry term, French
- clause de retrait par devoir fiducial
1, record 1, French, clause%20de%20retrait%20par%20devoir%20fiducial
correct, feminine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
- disposition de retrait fiduciaire 2, record 1, French, disposition%20de%20retrait%20fiduciaire
feminine noun
Record 1, Textual support, French
Record number: 1, Textual support number: 1 DEF
Clause par laquelle la société visée par un regroupement d'entreprises se réserve le droit de mettre fin à l'entente conclue avec un acquéreur éventuel si le devoir fiducial des administrateurs l'exige. 1, record 1, French, - clause%20de%20retrait%20par%20devoir%20fiducial
Record number: 1, Textual support number: 1 OBS
devoir fiducial est l'équivalent normalisé par le Comité de normalisation, Promotion de l'accès à la justice dans les deux langues officielles (PAJLO) pour rendre le terme «fiduciary duty». 1, record 1, French, - clause%20de%20retrait%20par%20devoir%20fiducial
Record 1, Spanish
Record 1, Textual support, Spanish
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