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The Union will make reasonable efforts to promptly ratify this Side Letter on or before Friday, Sept. 4, in order for the Court to timely begin the furlough. 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Bayer and Exelixis, -------------------------------------------------------- as the intended initial Members, hereby approve and ratify, on behalf of the LLC, prospectively as of the Commencement Date, the execution and delivery by the Chief Executive Officer of the LLC, on behalf of the LLC, of, and the LLC's performance of its obligations under, the LLC Collaboration Agreement and such Collateral Agreements as are listed on Exhibit A attached hereto as existing at --------- the Commencement Date, and as they may exist from time to time during the term of the LLC. The Members and the LLC hereby agree and commit to performing their respective obligations under those of the LLC Collaboration Agreement and such Collateral Agreements as they may exist at the Effective Date, or the Commencement Date, or may thereafter exist, in each case to which the Member(s) and/or the LLC is a party or by which it is or they are bound.", "hash": "8780f8cbb6a5220a619356086548c5ca", "id": 9}, {"snippet_links": [{"key": "to-submit", "type": "definition", "offset": [18, 27]}, {"key": "for-approval", "type": "definition", "offset": [64, 76]}, {"key": "each-of-the-parties", "type": "clause", "offset": [134, 153]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [154, 176]}], "samples": [{"hash": "94mLgGTcOiD", "uri": "/contracts/94mLgGTcOiD#approval-and-ratification", "label": "Joint Venture Agreement (Growlife, Inc.)", "score": 23.5420951843, "published": true}], "size": 1, "snippet": "The parties agree to submit this Amended and Restated Agreement for approval and ratification by the respective Directors/Managers of each of the Parties as soon as practicable, but in any event not later than July 10, 2014.", "hash": "7bc58376102c8acd4b9a8c1080c9b46b", "id": 10}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiJhcHByb3ZhbC1hbmQtcmF0aWZpY2F0aW9uIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["miscellaneous", "Miscellaneous"], ["affordable-housing-services-administrator", "Affordable Housing Services Administrator"], ["direct-deposit", "Direct Deposit"], ["formation-of-the-llc-and-related-matters", "Formation of the LLC and Related Matters"], ["foundation-time-and-leave-policy", "Foundation Time and Leave Policy"]], "size": 29, "title": "Approval and Ratification", "children": [["", ""], ["proper-certification-licensure", "Proper Certification/Licensure"], ["application-procedures", "Application Procedures"], ["reimbursement-to-be-paid", "Reimbursement To Be Paid"], ["contract-terminated-legally", "Contract Terminated Legally"]], "id": "approval-and-ratification", "related": [["ratification", "Ratification", "Ratification"], ["authorization-to-file-financing-statements-ratification", "Authorization to File Financing Statements; Ratification", "Authorization to File Financing Statements; Ratification"], ["ratification-etc", "Ratification, Etc", "Ratification, Etc"], ["approval-non-approval", "Approval/Non-Approval", "Approval/Non-Approval"], ["authorization-approval-etc", "Authorization, Approval, etc", "Authorization, Approval, etc"]], "related_snippets": [], "updated": "2025-07-24T04:27:57+00:00", "also_ask": ["What are the minimum requirements for valid approval and ratification under applicable law?", "How can parties structure this clause to prevent unauthorized actions from being later ratified?", "What are the most common negotiation points or carve-outs in approval and ratification provisions?", "How do courts typically scrutinize the sufficiency of notice and consent in ratification scenarios?", "How does this clause compare to similar provisions in other jurisdictions or industry standards?"], "drafting_tip": "Specify approval authorities and procedures to ensure clarity; require written ratification to provide legal certainty; define timelines to prevent delays.", "explanation": "The Approval and Ratification clause establishes that certain actions, decisions, or agreements require formal acceptance by designated parties before they become effective or binding. 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