An interruption in trading imposed on a company if their financial condition does not meet an exchange's requirements for continued trading or if the company fails to comply with the terms of its listing agreement. (hsbc.ca)
The listing agreement contained a holdover clause which provided that the vendor would pay Ariston a commission of 5 % of the sale price in the event that the property was sold within six months after the expiry of the listing agreement to any party to whom Ariston introduced the property to during the term of the listing agreement. (slaw.ca)
Ms. Morrow ultimately decided not to proceed with the transaction and Royal Lepage sued for the commission of the aborted sale, which it argued it was owed pursuant to the terms of the listing agreement. (slaw.ca)