Common use of - Limitation on Numbers Clause in Contracts

- Limitation on Numbers. 2.05.01 Notwithstanding Section 167173 of the Act, where the Directors have determined that the number of Non-Employed Shareholders has exceeded, or is about to exceed, fifty (50) persons, (two (2) or more persons who are the joint registered owners of one (1) or more Shares being counted as one (1) Shareholder) then the Directors are authorized to amend the Articles to delete therefrom or otherwise amend any provision which restricts the number of Non-Employed Shareholders to fifty (50) or fewer persons.

- Limitation on Numbers. 2.05.01 Notwithstanding Section 167173 173 of the Act, where the Directors have determined that the number of Non-Employed Shareholders has exceeded, or is about to exceed, fifty (50) persons, (two (2) or more persons who are the joint registered owners of one (1) or more Shares being counted as one (1) Shareholder) then the Directors are authorized to amend the Articles to delete therefrom or otherwise amend any provision which restricts the number of Non-Employed Shareholders to fifty (50) or fewer persons.

- Limitation on Numbers. 2.05.01 Notwithstanding Section 167173 167 of the Act, where the Directors have determined that the number of Non-Employed Shareholders has exceeded, or is about to exceed, fifty (50) persons, (two (2) or more persons who are the joint registered owners of one (1) or more Shares being counted as one (1) Shareholder) then the Directors are authorized to amend the Articles to delete therefrom or otherwise amend any provision which restricts the number of Non-Employed Shareholders to fifty (50) or fewer persons.