Common use of Approval of Proceedings Clause in Contracts

Approval of Proceedings. All proceedings to be taken in connection with the transactions contemplated by this Agreement, and all documents incident thereto, shall be satisfactory in form and substance to Investment Manager or the L/C Guarantors and their counsels; and Investment Manager shall have received copies of all documents or other evidence which they and their counsel may request in connection with such transactions and of all records of corporate proceedings in connection therewith in form and substance satisfactory to Investment Manager or the L/C Guarantors and their counsels.

Appears in 1 contract

Samples: Credit Commitment and Reimbursement Agreement (MTM Technologies, Inc.)

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Approval of Proceedings. All proceedings to be taken in connection with the transactions contemplated by this Agreement, and all documents incident thereto, shall be satisfactory in form and substance to Investment Manager or the L/C Guarantors Investors and their counselscounsel; and Investment Manager the Investors shall have received copies of all documents or other evidence which they and their such counsel may request in connection with such transactions and of all records of corporate proceedings in connection therewith in form and substance satisfactory to Investment Manager or the L/C Guarantors Investors and their counselssuch counsel.

Appears in 1 contract

Samples: Securities Purchase Agreement (Chartwell Leisure Inc)

Approval of Proceedings. All proceedings to be taken in connection with the transactions contemplated by this Agreement, and all documents incident thereto, shall be reasonably satisfactory in form and substance to Investment Manager or the L/C Guarantors Lender and their counselscounsel; and Investment Manager and Lender shall have received copies of all documents or other evidence which they and their counsel may reasonably request in connection with such transactions and of all records of corporate proceedings in connection therewith in form and substance reasonably satisfactory to Investment Manager or the L/C Guarantors and Lender and their counselscounsel.

Appears in 1 contract

Samples: Credit Agreement (Vertical Communications, Inc.)

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Approval of Proceedings. All proceedings to be taken in connection with the transactions contemplated by this Agreement, and all documents incident thereto, shall be satisfactory in form and substance to Investment Manager or the L/C Guarantors Investor and their counselsits counsel; and Investment Manager the Investor shall have received copies of all documents or other evidence which they and their such counsel may request in connection with such transactions and of all records of corporate proceedings in connection therewith in form and substance satisfactory to Investment Manager or the L/C Guarantors Investor and their counselsits counsel.

Appears in 1 contract

Samples: Securities Purchase Agreement (Chartwell Leisure Inc)

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