Common use of Deemed Consent under Articles Clause in Contracts

Deemed Consent under Articles. Each of the Parties (i) consents to the issuance of Shares by the Corporation made in accordance with this Addendum, and (ii) agrees that this consent satisfies any restriction on the transfer or issuance of the Shares contained in the Articles or By-laws and that no further consent is required under the Articles or By-laws for any such issuance.

Appears in 2 contracts

Samples: Unanimous Shareholders Agreement (Motorcar Parts America Inc), Unanimous Shareholders Agreement (Motorcar Parts America Inc)

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Deemed Consent under Articles. Each of the Parties (i) consents to the issuance a transfer of Shares by the Corporation made in accordance with this AddendumAgreement, and (ii) agrees that this such consent satisfies shall satisfy any restriction on the transfer or issuance of the Shares contained in the Notice of Articles or By-laws Articles and that no further consent is shall be required under pursuant to the Notice of Articles or By-laws Articles for any such issuancetransfer.

Appears in 1 contract

Samples: Shareholder Agreement (Red Mountain Ventures Limited Partnership)

Deemed Consent under Articles. Each of the Parties (i) consents to the issuance a Transfer of Shares by the Corporation made in accordance with this AddendumAgreement, and (ii) agrees that this consent satisfies any restriction on the transfer or issuance of the Shares contained in the Articles or By-laws and that no further consent is required under the Articles or By-laws by any Party for any such issuanceTransfer.

Appears in 1 contract

Samples: Shareholder Agreement

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Deemed Consent under Articles. Each of the Parties (i) consents to the issuance a Transfer of Shares by the Corporation made in accordance with this AddendumAgreement, and (ii) agrees that this consent satisfies any restriction on the transfer or issuance of the Shares contained in the Articles or By-laws and that no further consent is required under the Articles or By-laws for any such issuanceTransfer.

Appears in 1 contract

Samples: Shareholders Agreement

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