Approval of the Board of Directors. Except for any transfers of Exchangeable Shares to Parent or any of its Affiliates pursuant to the provisions hereof or the Exchangeable Share Provisions, the Holders of Exchangeable Shares shall not be entitled to transfer any Exchangeable Shares except as explicitly permitted pursuant to the articles of incorporation of the Corporation. Parent and the Board of Directors shall not sanction any transfer of Exchangeable Shares (other than to Parent or any of its Affiliates pursuant to the provisions hereof or the Exchangeable Share Provisions) unless, as a condition precedent to any such transfer of Exchangeable Shares, the transferee, if it is not a party to this Agreement, executes and delivers an agreement in form and containing terms satisfactory to Parent and the Corporation, acting reasonably, whereby the transferee shall become a party hereto and shall agree to be bound by the provisions hereof as if the transferee was an original party hereto, and thereupon the transferee shall have the same rights, and shall be subject to the same obligations, as the transferor hereunder.
Approval of the Board of Directors. So long as any shares of Series B Preferred Stock are outstanding, the Company shall not take any action which is required to be taken only with the consent or approval of a majority of the Company’s Board of Directors without the consent or approval of the Series B Director.
Approval of the Board of Directors. The Board of Directors has approved the terms of this Agreement and shall execute an appropriate resolution which shall be certified by the Secretary thereof.
Approval of the Board of Directors. The approval of the Board of Directors, in their sole discretion; or
Approval of the Board of Directors. Except for those matters requiring approval of a Supermajority of the Voting Power pursuant to Section 2.4(b), approval by a Majority of the Voting Power shall be the act and approval of the Board.
Approval of the Board of Directors. The Board of Directors of the ---------------------------------- Company has taken all actions necessary or appropriate to authorize and to ratify the execution, delivery and performance of this Agreement and each other Document, other agreement or instrument contemplated herein and the transactions contemplated hereby, including authorization of the issuance, sale and delivery of the shares of Series C Preferred Stock and the Warrants, and declared advisable and submitted to the stockholders for approval and recommended that the stockholders approve (a) the amendment to the Company's Restated Certificate of Incorporation increasing the Company's authorized shares of Common Stock (the "Amended Restated Certificate of Incorporation"), and (b) the transactions --------------------------------------------- contemplated herein (the approvals referred to in clauses (a) and (b) hereof, referred to hereinafter as the "Stockholder Approval"). --------------------
Approval of the Board of Directors. The Board of Directors ---------------------------------- of the Company has taken all actions necessary or appropriate to authorize and to ratify the execution, delivery and performance of this Agreement and each other Document, other agreement or
Approval of the Board of Directors. The Association reserves the right to require its approval of any subsequent renewal of this Lease past the initial term of the same. The Association shall be entitled to decline to approve any subsequent terms of this Lease for any reason or no reason, in its sole discretion. Once Landlord is notified by Association that it intends to exercise its right under this subsection, Landlord shall have an affirmative obligation to respond to the Association, within seven (7) days, providing information regarding when the term of the Lease is due to expire and when such approval of renewal would be needed by Landlord for purposes of providing notice to tenant in the event the Association declines to approve Lease and Landlord must terminate the same.
Approval of the Board of Directors. The approval of a majority of the Board of Directors then in office shall be required for the Company to (a) make loans or advances to employees, except as in the ordinary course of business as part of travel advances or salary advances (promissory notes for purchase of shares permitted); (b) make guarantees, except in the ordinary course of business; (c) own or permit any subsidiary to own any stock or other securities of any other corporation, partnership or entity unless it is wholly owned by the Company; (d) incur any debt security, or debt that is secured by any assets of the Company (other than sale lease-back types of credit); (e) make investments in, or loans to, any third parties; (f) sell, transfer, license, pledge, or encumber technology or intellectual property, other than licenses granted in the ordinary course of business; or (g) make any acquisitions (provided, that acquisitions shall not include capital expenditures which are subject to the provisions of the Investor Rights Agreement).
Approval of the Board of Directors. (a) Notwithstanding anything to the contrary contained in this Agreement, the Manager (or the officers and agents acting at the Manager’s direction or request), on behalf of the Company or on behalf of any of the Company’s Subsidiaries, shall not take (and shall not permit any of the Company’s Subsidiaries to take) any of the following actions without the Approval of the Board of Directors:
