Common use of Approval by Disinterested Directors Clause in Contracts

Approval by Disinterested Directors. The transactions contemplated by this Agreement shall have been approved by a majority of the members of the Company's Board of Directors who are neither employees of the Company nor affiliated with the Investors.

Approval by Disinterested Directors. The transactions contemplated by this Agreement and the Stand-By Purchase Agreement shall have been approved by a majority of the members of the Company's Board of Directors who are neither employees of the Company nor affiliated with the Investors.

Approval by Disinterested Directors. The transactions ----------------------------------- contemplated by this Agreement and the Stand-By Purchase Agreement shall have been approved by a majority of the members of the Company's Board of Directors who are neither employees of the Company nor affiliated with the Investors.

Approval by Disinterested Directors. The transactions ----------------------------------- contemplated by this Agreement shall have been approved by a majority of the members of the Company's Board of Directors who are neither employees of the Company nor affiliated with the Investors.