Approval of the Plan. No portion of the option shall be exercisable until and unless the Plan has been approved by the shareholders of the Company at the Company's 1999 Annual Meeting of Shareholders.
Approval of the Plan. The RSUs granted under this Agreement are subject to the Plan being approved by the shareholders of the Company, as set forth in the Plan. If the shareholders do not approve the Plan, then the RSU granted under this Agreement shall become automatically void and of no further force or effect.
Approval of the Plan. Holders of a majority of the Company's capital -------------------- stock shall have approved the Plan.
Approval of the Plan. The Option granted under this Agreement is subject to the Plan being approved by the shareholders of the Company, as set forth in the Plan. If the shareholders do not approve the Plan, then the Option granted under this Agreement shall become automatically void and of no further force or effect.
Approval of the Plan. On March 16, 2007, after careful study and consideration, the Boards of Directors of Bradford Bancorp, the MHC and the Savings Bank adopted this Plan and the funding of the Foundation. The Plan and the funding of the Foundation must be approved by the affirmative vote of a majority of the total number of votes eligible to be cast by Members of the MHC. Before submitting the Plan and the funding of the Foundation to the Members for consideration, the Plan and the funding of the Foundation must be approved by the Office of Thrift Supervision.
Approval of the Plan. The Purchase Price shall not be released from escrow and the Closing shall not occur, unless and until the Bankruptcy Court has approved the Plan authorizing the transactions contemplated in this Agreement.
Approval of the Plan. This Plan shall only become effective after the issue of Articles of Amalgamation amalgamating Genterra Inc. and Consolidated Mercantile Incorporated. The obligations of the Corporation to sell and deliver Shares in accordance with this Plan shall be subject to the prior approval of any governmental or other regulatory authority having jurisdiction over the securities of the Corporation. THIS AGREEMENT is made as of the ____ day of ________________, 20___ by GENTERRA CAPITAL INC., a corporation existing under the laws of the Province of Ontario (hereinafter referred to as the “Corporation”), in favour of ______________________________, an individual residing in the _______________ of ___________________, in the ____________________ of _________________ (hereinafter referred to as the “Optionee”).
Approval of the Plan a. Preliminary admittance of the plan by the court The reorganization plan has to be admitted by the insolvency court before being referred to the creditors’ vote, after which it is subject to a final confirmation by the court. As noted in para 2.08, the main purpose of such preliminary admittance, preceding the creditors’ vote ‘on the merits’, is to examine and verify compliance of the plan with the imperative law provisions (e.g. the presence of all requisites of the plan as stipulated by law) and not about its expediency or efficiency (which is subject to the following creditors’ assess- ment). In other words, the assessment carried out by the court during the proceed- ings on the initial admissibility of the plan is restricted only to the availability of the compulsory requisites of law without being authorized to assess the various proposals set in the plan on their merits, nor to make comments on the specifics, objectives, parameters, ways, and means to achieve the objectives, sustainability, or expediency of the plan.16 Copyrighted material - not for distribution If the plan does not comply with the legal requirements, the court may send to the respective proposer specific directions for remedial actions to be undertaken within a reasonable deadline, in order to make the plan compliant with the legal requirements. The court should deliver its ruling on admission of the plan for consideration and approval by the creditors within seven days as of the expiry of the statutory term for submission of the plan proposal. Where the plan is admitted for considera- tion, the court determines the date of holding of the creditors’ meeting for the plan’s voting. The ruling whereby the court does not admit the plan for consideration and approval by the creditors is subject to appeal before the second instance court within seven days of its delivery to the party that has submitted the plan proposal.
b. Approval by the creditors The creditors who are entitled to vote for the approval of the reorganization plan are those whose claims have been included in the lists of creditors with recognized claims at the time of the creditors’ meeting.17 16 The same view has been taken in the uniform practice of the Supreme Court of Cassation on this matter, reflected in Ruling No 945 of 30 December 2003 on private civil case No 829/2003 as per the register of the Supreme Court of Cassation, Commercial Division.
Approval of the Plan. The Companies shall submit the general development plan of the Project (the “Plan”) to the National Development and Reform Commission of the PRC (the “NDRC”) and shall use their best efforts to obtain the approval by the NDRC regarding the Plan, in each case within twelve months of the date hereof.
Approval of the Plan. WCSCD shall prepare or cause to be prepared the Plan before or after securing grant funds for the project which shall include engineering drawings indicating the scope of the Work. Owners and WCSCD shall agree to the Plan in writing prior to the commencement of survey, design and construction. If a written agreement cannot be executed between the Owners and WCSCD, due to disagreement regarding any aspect of the proposed Plan, the Owners and WCSCD shall have the option of terminating this stream restoration agreement. A Notice of Agreement Termination shall be provided by the party seeking to sever the agreement, citing this termination clause, reason(s) for termination, and effective date of termination.” In the event that the Owners terminate the agreement after WCSCD has incurred costs under a payors grant agreement the Owners will reimburse WCSCD for all costs incurred as a result of the Owner’s termination, including any fines, penalties, administrative costs and reasonable attorneys’ fees. Owners further agree to indemnify, defend and hold WCSCD harmless from any claims or causes of action arising out of the termination of the Work or the failure of WCSCD to expend funds obtained from Payor.
