Approval Commitments Sample Clauses
The Approval Commitments clause defines the obligations and procedures related to obtaining necessary approvals before certain actions or decisions can be taken under the agreement. Typically, this clause outlines which parties must provide consent, the process for requesting and granting approval, and any conditions or timelines that must be met. For example, it may require written approval from a specific party before making material changes to a project or incurring significant expenses. The core function of this clause is to ensure that all relevant stakeholders have oversight and control over key decisions, thereby reducing the risk of unauthorized actions and promoting transparency.
Approval Commitments. The Company has received binding assurance from its chief executive officer, chief financial officer and its directors and the only stockholder known to the Company that owns more than 5% of the outstanding stock of the Company, to the effect that such persons will vote all their shares in favor of such approval of the transactions contemplated hereby as may be necessary to comply with any rule or regulation of the NASD or any other regulatory agency.
Approval Commitments. The Company has received binding assurance -------------------- from its executive officers and directors and certain shareholders including ▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, VACHR, Inc., ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and Shamrock Investments to the effect that such persons will vote all their shares in favor of such approval of the transactions contemplated hereby as may be necessary to comply with any rule or regulation of the NYSE or any other regulatory agency. The Company's voting agreement with ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, as described in the Company's most recent Proxy Statement, remains in full force and effect.
Approval Commitments. The Company has received binding assurance from Lanc▇ ▇. ▇▇▇▇▇▇, ▇▇dr▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇ Medical Science Partners, L.P., in the form annexed as Exhibit B, to the effect that such persons will vote all their shares in favor of such approval of the transactions contemplated hereby as may be necessary to comply with any rule or regulation of the NASD or any other regulatory agency.
Approval Commitments. The Company has received binding assurances in substantially the form of Exhibit B hereto from its executive officers and directors (excluding the nominee of the National Electrical Benefit Fund) to the effect that such persons will vote all their shares in favor of such approval of the transactions contemplated hereby as may be necessary to comply with any rule or regulation of the NASD or any other regulatory agency. Such assurances include appointment of any Investor as proxy to vote the shares if they are not otherwise voted in favor of such approval.