Common use of Acting in Good Faith Clause in Contracts

Acting in Good Faith. For the purposes of this Agreement, when any determination or decision is made by the Board of Directors pursuant to this Agreement, the Board of Directors shall exercise its power and discharge its duties honestly and in good faith with a view to the best interests of the Corporation and each director shall exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.

Appears in 8 contracts

Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Quaterra Resources Inc), Shareholder Rights Plan Agreement

AutoNDA by SimpleDocs

Acting in Good Faith. For the purposes of this Agreement, when any determination or decision is made by the Board of Directors pursuant to this Agreement, the Board of Directors shall exercise its power powers and discharge its duties honestly and in good faith with a view to the best interests of the Corporation and each director shall exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstancescircumstances all in accordance with the requirements of the Business Corporations Act (British Columbia).

Appears in 3 contracts

Samples: Shareholder  rights  plan (MIGENIX Inc.), Shareholder Rights Plan Agreement (Aspreva Pharmaceuticals CORP), Shareholder Rights Plan Agreement (QLT Inc/Bc)

Acting in Good Faith. For the purposes of this Agreementagreement, when the Board of Directors makes any determination or decision is made by the Board of Directors pursuant to under this Agreementagreement, the Board of Directors shall will exercise its power and discharge its duties honestly and in good faith with a view to the Company’s best interests of the Corporation interests, and each director shall will exercise the care, diligence diligence, and skill that a reasonably prudent person would exercise in comparable circumstances.

Appears in 3 contracts

Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Candente Resource Corp), Shareholder Rights Plan Agreement (Orko Silver Corp)

Acting in Good Faith. For the purposes of this Agreement, when any determination or decision is made by the Board of Directors pursuant to this Agreement, the Board of Directors shall exercise its power powers and discharge its duties honestly and in good faith with a view to the best interests of the Corporation and each director shall exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstancescircumstances all in accordance with the requirements of the Canada Business Corporation Act.

Appears in 2 contracts

Samples: Shareholder Protection Rights Plan Agreement (AnorMED Inc.), Shareholder Protection Rights Plan Agreement (AnorMED Inc.)

AutoNDA by SimpleDocs

Acting in Good Faith. For the purposes of this Agreement, when any determination or decision is made by the Board of Directors pursuant to this Agreement, the Board of Directors shall exercise its power powers and discharge its duties honestly and in good faith with a view to the best interests of the Corporation Company and each director shall exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstancescircumstances all in accordance with the requirements of the Business Corporations Act (British Columbia).

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Med BioGene Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.