Qualification

Qualification. Means, in the context of Canadian Securities Laws, the qualification of trades in Subject Shares pursuant to a final prospectus filed with, and in respect of which a receipt or receipts have been issued in respect of such prospectus by, applicable Canadian Regulatory Authorities.

Qualification. Action of proving and documenting that equipment or ancillary systems are properly installed, work correctly, and lead to the expected results. Qualification is part of validation, but the individual qualification steps alone do not constitute process validation.