Approval by Board. The Board of Directors of Buyer shall have determined that it is advisable and in the best interests of Buyer to proceed with the acquisition of the Company by Buyer, in accordance with Internal Revenue Code Section 354(a) and 368(b).
Approval by Board. A proposed amendment of the Articles or this Agreement shall be approved by the affirmative vote of the Board cast at either a regular meeting or a special meeting of the Board duly called for the purpose of voting on the amendment or by the written consent of all the Managers, provided, however, that no amendment purporting to limit or change the rights of the Members as described in Section 6.1 hereof will be binding upon the Company or the Members absent the unanimous consent of the Members thereto. Upon approval of any amendment as provided in this Section, all Managers, whether or not they voted for or consented to such amendment, shall be deemed to have consented to such amendment and shall be bound by the terms and provisions thereof as if they had so consented.
Approval by Board. The Board of Directors of the Company has duly authorized and approved the execution and delivery of this Agreement by the Company and the transactions contemplated hereby prior to the execution by the Company of this Agreement.
Approval by Board. The Board of Directors of Parent shall have approved consummation of the transactions contemplated hereby in their sole and absolute discretion.
Approval by Board. Any material amendments or modifications of the terms of the Merger as contemplated by this Agreement must have been approved by the MBIA board of directors.
Approval by Board. The Acquisition shall have been approved by the Board of Directors of Buyer and those of the Sellers that are incorporated entities.
Approval by Board. The Board must approve the annual Operating Budget, any capital improvements and any new members. The Maple Grove City Administer may overturn any decision by the Board.
Approval by Board. The board of directors of the Corporation shall consider approval of this Agreement at its next meeting occurring after the complete execution of this Agreement. The effectiveness of the Corporation's execution of this Agreement is contingent on the Agreement being approved by a majority of the board of directors of the Corporation (excluding Executive) at the time specified in this Section H, and the Agreement shall be void if such approval is not given. The Corporation shall provide written notice to Executive of the approval or disapproval of the agreement by the Corporation's board of directors.
Approval by Board. The granting of the option is being made pursuant to a corporate resolution adopted by the Board of Directors of the Company on ______________, which includes the authorization of the issuance of _______ shares of Common Stock of the Company which may be issued under options.
Approval by Board. The Board of Directors of Summa shall have approved consummation of the transactions contemplated hereby in its sole and absolute discretion.
