Common use of Parent Acknowledgment Clause in Contracts

Parent Acknowledgment. Parent acknowledges and agrees that (a) the voting power otherwise conferred by the Shares under bye-law 51 of the Company’s bye-laws may be adjusted under bye-law 52 of the Company’s bye-laws (a “Limitation on Controlled Shares”), (b) nothing in this Agreement shall prohibit, limit, affect, modify, interpret or otherwise influence any determination made by the Company with respect to a Limitation on Controlled Shares and (c) if a Limitation on Controlled Shares is made with respect to a Shareholder’s Shares, such Limitation on Controlled Shares shall not form the basis for any breach or violation by such Shareholder of this Agreement. Each Shareholder covenants and agrees that it shall promptly respond to any request of the Company’s Board of Directors for information in the manner specified in bye-law 54 of the Company bye-laws.