2.7(1)The Holding Corporation shall not, without the approval of the Lieutenant-Governor in Council, do any of the following:

2.7(2)Despite paragraph (1)(e), the Holding Corporation may acquire and hold for cash management purposes shares or other ownership interests issued by another entity as long as the Holding Corporation does not hold more than ten percent of the issued and outstanding voting shares or interests of that other entity.

2.7(3)Paragraph (1)(e) does not apply to the holding by the Holding Corporation of shares in a subsidiary of the Holding Corporation.

2.7(4)Paragraph (1)(h) does not apply to the guaranteeing of any obligation of a subsidiary of the Holding Corporation.

2.7(5)Except in the ordinary course of business of the Holding Corporation, the Holding Corporation shall not, as part of a transaction or series of related transactions, purchase, lease or otherwise acquire, or sell, exchange, lease or otherwise dispose of, an asset or assets with a value greater than $50 million without the approval of the Lieutenant-Governor in Council.