Common use of Admission of New Shareholders Clause in Contracts

Admission of New Shareholders. (a) New Shareholders, having been approved by the Directors, may be admitted from time to time (i) in connection with the issuance of Shares by the Company, subject to compliance with the provisions of Section 7.02(b) and Section 8.01(b), and (ii) in connection with a Transfer of Shares, subject to compliance with the provisions of ARTICLE VIII, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 2 contracts

Samples: Joint Venture Agreement (Hempacco Co., Inc.), Joint Venture Agreement (Hempacco Co., Inc.)

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Admission of New Shareholders. (a) New a)New Shareholders, having been approved by the Directors, may be admitted from time to time (i) in connection with the issuance of Shares by the Company, subject to compliance with the provisions of Section 7.02(b) and Section 8.01(b), and (ii) in connection with a Transfer of Shares, subject to compliance with the provisions of ARTICLE VIIIVII, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Joint Venture Agreement (Hempacco Co., Inc.)

Admission of New Shareholders. (a) New Shareholders, having been approved by the Directors, may be admitted from time to time (i) in connection with the issuance of Shares by the Company, subject to compliance with the provisions of Section 7.02(b) and Section 8.01(b), and (ii) in connection with a Transfer of Shares, subject to compliance with the provisions of ARTICLE VIIIVII, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Joint Venture Agreement (High Sierra Technologies, Inc.)

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Admission of New Shareholders. (a) New Shareholders, having been unanimously approved by the Managing Directors, may be admitted from time to time (i) in connection with the issuance of Shares by the Company, subject to compliance with the provisions of Section 7.02(b) and Section 8.01(b), and (ii) in connection with a Transfer of Shares, subject to compliance with the provisions of ARTICLE VIII, and in either case, following compliance with the provisions of Section 4.01(b).

Appears in 1 contract

Samples: Joint Venture Agreement (Hempacco Co., Inc.)

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