Approval by Directors. Notwithstanding the foregoing, any investment in Properties, including any acquisition of a Property by the Company or the Operating Partnership or any investment by the Company or the Operating Partnership in a joint venture, limited partnership or similar entity owning real properties, will require the prior approval of the Board of Directors or a committee of the Board constituting a majority of the Board. The Advisor will deliver to the Board of Directors all documents required by it to properly evaluate the proposed investment.
Approval by Directors. (i) Notwithstanding the foregoing any investment in Assets, including any acquisition of an Asset by the Company or any investment by the Company in a joint venture, limited partnership or similar entity owning real properties, will require the prior approval of the Board of Directors. The Advisor will deliver to the Board of Directors all documents required by it to properly evaluate the proposed investment.
(ii) If the Articles of Incorporation require that a transaction be approved by the Independent Directors, the Advisor will deliver to the Independent Directors all documents required by them to properly evaluate the proposed investment in the Asset. The prior approval of a majority of the Independent Directors will be required for each transaction between the Company and the Advisor or its Affiliates.
Approval by Directors. This Agreement will not take effect until approved by a majority vote of both (a) the full Board of Directors of the Company and (b) those Directors who are not interested persons of the Company and who have no direct or indirect financial interest in the operation of the Plan or in this Agreement (the "Independent Directors"), cast in person at a meeting called for the purpose of voting on this Agreement.
Approval by Directors. (i) Notwithstanding the foregoing any Real Property, including any acquisition of Real Property by the Company or the Operating Partnership, or any investment by the Company or the Operating Partnership in a joint venture, limited partnership or similar entity owning Real Property, will require the prior approval of the Board of Directors. The Advisor will deliver to the Board of Directors all documents required by it to properly evaluate the proposed investment.
(ii) If the Charter requires that a transaction be approved by the Independent Directors, the Advisor will deliver to the Independent Directors all documents required by them to properly evaluate the proposed real estate investment. The prior approval of a majority of the Independent Directors will be required for each transaction between the Company and the Advisor or its Affiliates.
Approval by Directors. The granting and adoption of the option is being made pursuant to a the ratification by the Board of Directors.
Approval by Directors. Regardless of anything else contained herein or in the Charter Documents of any Group Company, no Group Company shall take, permit to occur, approve, authorize, or agree or commit to do any of the following, and each Party shall procure each Group Company not to, take, permit to occur, approve, authorize, or agree or commit to do any of the following, whether in a single transaction or a series of related transactions, whether directly or indirectly, and whether or not by amendment, merger, consolidation, scheme of arrangement, amalgamation, or otherwise, unless, first presented to CVC and otherwise approved by the Majority Investor Directors (save that only the approval of a majority of the Investor Directors for items (ii), (iii) and (viii) below is required) and at least one of the Principal Directors in advance:
(i) any sale, transfer, or other disposal of, or the incurrence of any Lien on, any substantial part of the assets (including any Intellectual Property) of any Group Company or the grant of exclusive license of any material Intellectual Property of any Group Company to a Person that is not a Group Company;
(ii) appointment, removal or replacement of, or approval of the remuneration package for, the chief executive officer, the chief operating officer, the chief technology officer and the chief financial officer of the Company;
(iii) any increase in compensation of any of the first five (5) most highly compensated employees of any Group Company by more than twenty percent (20%) in a twelve (12) month period unless such increase are specified to and approved in the approved budget or the business plan of an Group Company;
(iv) any material investment in, or divestiture or sale by any material Group Company of an interest in another Person, which involves an amount of at least US$1,000,000;
(v) acquisition of any business or assets in excess of US$1,000,000, individually or in the aggregate;
(vi) the approval of, or any material deviation from or material amendment of, the annual budget and business plan of any Group Company;
(vii) any options, equities, stocks or shares to be granted to an individual by more than 0.5% of the total number of which have been reserved under the ESOP or similar plan of any Group Company;
(viii) the appointment or removal of the auditors, the company lawyer or the investment bank for any Group Company, or any material changes in the accounting or financial policies or procedures of any Group Company;
(ix) incurrence o...
Approval by Directors. (i) The Advisor will deliver to the Board of Directors all documents required by it to properly evaluate any proposed investment.
(ii) If the Charter, the Bylaws or applicable law requires, or the Board of Directors deems it advisable, that a transaction be approved by the Independent Directors, the Advisor will deliver to the Independent Directors all documents required by them to properly evaluate the proposed real estate investment. The prior approval of a majority of the Independent Directors will be required for each transaction between the Company, on the one hand, and the Advisor or its Affiliates, on the other hand, unless the Board of Directors determines to submit the matter to a stockholder vote or determines that the transaction is otherwise fair and reasonable to the Company.
Approval by Directors. The Business Combination has been approved by a vote of a majority of all of the Continuing Directors (as hereinafter defined);
Approval by Directors. As at the date hereof, its Board of Directors has approved this Agreement and the Transaction and has determined that the Transaction is in its best interests (except that, in the case of Trillium and Stem Cell, certain directors have declared a conflict of interest and have refrained from voting) and those Trillium directors voting on the approval of this Agreement and the Transaction have resolved to unanimously recommend approval of the Transaction by the Trillium Shareholders.
Approval by Directors. This Agreement, the other Transaction Documents and the transactions contemplated to be consummated as of such Closing Date hereby and thereby shall have been approved by the Company’s Board of Directors.
