Common use of Agreement not Prejudicial Clause in Contracts

Agreement not Prejudicial. 10.01.01 It is acknowledged and agreed by all Shareholders that the lawful enforcement of any term of this agreementAgreement and the lawful exercise or non-exercise of any right, privilege, ability, authority, consent or discretion given to any person or persons under the terms hereof, shall not constitute oppressive or unfairly prejudicial conduct nor shall it be regarded as having unfairly disregarded the interests of any Shareholder and no Shareholder shall, in any proceedings, allege otherwise and, for the better accomplishment of the same, each Shareholder waives any and all rights or entitlements he or she might have had in respect of such exercise or non-exercise under the provisions of the Act or under any other statutes or common law.

Appears in 2 contracts

Samples: Unanimous Shareholder Agreement (PCL Employees Holdings Ltd.), Unanimous Shareholder Agreement (PCL Employees Holdings Ltd.)

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Agreement not Prejudicial. 10.01.01 It is acknowledged and agreed by all Shareholders that the lawful enforcement of any term of this agreementAgreement agreement and the lawful exercise or non-exercise of any right, privilege, ability, authority, consent or discretion given to any person or persons under the terms hereof, shall not constitute oppressive or unfairly prejudicial conduct nor shall it be regarded as having unfairly disregarded the interests of any Shareholder and no Shareholder shall, in any proceedings, allege otherwise and, for the better accomplishment of the same, each Shareholder waives any and all rights or entitlements he or she might have had in respect of such exercise or non-exercise under the provisions of the Act or under any other statutes or common law.

Appears in 1 contract

Samples: Unanimous Shareholder Agreement (PCL Employees Holdings Ltd.)

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Agreement not Prejudicial. 10.01.01 It is acknowledged and agreed by all Shareholders that the lawful enforcement of any term of this agreementAgreement Agreement and the lawful exercise or non-exercise of any right, privilege, ability, authority, consent or discretion given to any person or persons under the terms hereof, shall not constitute oppressive or unfairly prejudicial conduct nor shall it be regarded as having unfairly disregarded the interests of any Shareholder and no Shareholder shall, in any proceedings, allege otherwise and, for the better accomplishment of the same, each Shareholder waives any and all rights or entitlements he or she might have had in respect of such exercise or non-exercise under the provisions of the Act or under any other statutes or common law.

Appears in 1 contract

Samples: Unanimous Shareholder Agreement (PCL Employees Holdings Ltd.)

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