Common use of Approval by the Board Clause in Contracts

Approval by the Board. Notwithstanding the foregoing, the Manager may not take any action on behalf of the Park View Entities without the prior approval of the Board or duly authorized committees thereof if the Charter or Maryland General Corporation Law require the prior approval of the Board. If the Board or a committee of the Board must approve a proposed investment, financing or disposition or chooses to do so, the Manager will deliver to the Board or committee, as applicable, all documents required by it to evaluate such investment, financing or disposition.