Common use of Vesting of Powers in Successor Clause in Contracts

Vesting of Powers in Successor. Whenever the conditions of Section 3.1 have been duly observed and performed, the parties, if required by Section 3.1, shall execute and deliver a supplemental agreement hereto and thereupon Parent Successor shall possess and from time to time may exercise each and every right and power of Parent under this Agreement in the name of Parent or otherwise and any act or proceeding by any provision of this Agreement required to be done or performed by the Board of Directors of Parent or any officers of Parent may be done and performed with like force and effect by the directors or officers of such Parent Successor.

Appears in 7 contracts

Samples: Trust Agreement, Agreement (Future Energy Corp.), Exchangeable Share Support Agreement (Future Energy Corp.)

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Vesting of Powers in Successor. Whenever the conditions of Section section 3.1 have been duly observed and performed, the partiesParties, if required by Section section 3.1, shall execute and deliver a supplemental agreement hereto and thereupon Parent Successor shall possess and from time to time may exercise each and every right and power of Parent under this Agreement in the name of Parent or otherwise and any act or proceeding by any provision of this Agreement required to be done or performed by the Board of Directors of Parent or any officers of Parent may be done and performed with like force and effect by the directors or officers of such Parent Successor.

Appears in 3 contracts

Samples: Exchangeable Share Support Agreement (Ideal Accents Inc), Exchangeable Share Support Agreement (Ideal Accents Inc), Exchangeable Share Support Agreement (Ideal Accents Inc)

Vesting of Powers in Successor. Whenever the conditions of Section 3.1 have been duly observed and performed, the parties, if required by Section 3.1, shall execute and deliver a the supplemental agreement hereto provided for in Section 3.1(a) and thereupon the Parent Successor and such other person that may then be the issuer of the Parent Shares shall possess and from time to time may exercise each and every right and power of the Parent under this Agreement in the name of the Parent or otherwise and any act or proceeding by any provision of this Agreement required to be done or performed by the Board board of Directors directors of the Parent or any officers of the Parent may be done and performed with like force and effect by the directors or officers of such Parent Successor.

Appears in 2 contracts

Samples: Support Agreement (Biotricity Inc.), Support Agreement (DelMar Pharmaceuticals, Inc.)

Vesting of Powers in Successor. Whenever the conditions of Section section 3.1 have been duly observed and performed, the parties, if required by Section section 3.1, shall execute and deliver a the supplemental agreement hereto provided for in section 3.1(a) and thereupon the Parent Successor shall possess and from time to time may exercise each and every right and power of Parent under this Agreement in the name of Parent or otherwise and any act or proceeding by any provision of this Agreement required to be done or performed by the Board of Directors of Parent or any officers of Parent may be done and performed with like force and effect by the directors or officers of such Parent Successor.

Appears in 2 contracts

Samples: Support Agreement (Dream Team International Inc), Support Agreement (Internet Food Co Inc)

Vesting of Powers in Successor. Whenever the conditions of Section 3.1 5.1 have been duly observed and performed, the parties, if required by Section 3.15.1, shall will execute and deliver a supplemental agreement hereto and thereupon Parent Successor shall will possess and from time to time may exercise each and every right and power of Parent under this Agreement in the name of Parent or otherwise and any act or proceeding by any provision of this Agreement required to be done or performed by the Board of Directors of Parent or any officers of Parent may be done and performed with like force and effect by the directors or officers of such Parent Successor.

Appears in 1 contract

Samples: Arrangement Agreement (Schmitt Industries Inc)

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Vesting of Powers in Successor. Whenever the conditions of Section section 3.1 have been duly observed and performed, the parties, if required by Section section 3.1, shall execute and deliver a supplemental agreement hereto and thereupon the successor of the Parent Successor shall possess and from time to time may exercise each and every right and power of the Parent under this Agreement agreement in the name of the Parent or otherwise and any act or proceeding by any provision of this Agreement agreement required to be done or performed by the Board of Directors of the Parent or any officers of the Parent may be done and performed with like force and effect by the directors or officers of such Parent Successorsuccessor.

Appears in 1 contract

Samples: Exchangeable Share Support Agreement (Fc Financial Services Inc)

Vesting of Powers in Successor. Whenever the conditions of Section 3.1 have been duly observed and performed, the parties, if required by Section 3.1, shall execute and deliver a supplemental agreement hereto and thereupon the Parent Successor shall possess and from time to time may exercise each and every right and power of the Parent under this Agreement in the name of the Parent or otherwise and any act or proceeding by any provision of this Agreement required to be done or performed by the Board of Directors of the Parent or any officers of the Parent may be done and performed with like force and effect by the directors or officers of such Parent Successor.

Appears in 1 contract

Samples: Exchangeable Share Support Agreement (Quest Solution, Inc.)

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