Common use of Parent Consent Clause in Contracts

Parent Consent. The Parent, as the sole shareholder of Newco and Target, hereby approves, authorizes and consents to Newco and Target’s execution and delivery of this Agreement and the Ancillary Agreements to which Target is or is required to be a party or otherwise bound, the performance by Newco and Target of their respective obligations hereunder and thereunder and the consummation by Newco and Target of the transactions contemplated hereby and thereby. The Parent acknowledges and agrees that the consents set forth herein are intended and shall constitute such consent of the Parent as may be required (and shall, if applicable, operate as a written shareholder resolution of Newco and Target) pursuant to the Newco and Target’s respective Governing Documents, any other agreement in respect of Newco and Target to which the Parent is a party or bound and all applicable Laws.