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35. If economic changes (arising from changes in the oil & gas industry, the Canadian economy or the
global economy) are excluded as the causes of a Material Adverse Effect, is it also required that those
changes not have a specified effect on the Target?
(a) No further qualification (17%)
(b) Economic changes can't have a disproportionate effect on the Target (33%)
(c) Economic changes can't have a materially disproportionate effect on the Target (50%)
