Approval Requirement Sample Clauses

Approval Requirement. In all circumstances of an unapproved transfer of a Mortgaged Property initiated by the Borrower, the Servicer is required to promptly notify, where applicable, the respective Primary Mortgage Insurer and/or the respective Pool Insurer, of such transfer and obtain written approval before initiating enforcement proceedings.
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Approval Requirement. Any of the following items shall require the prior approval of the Finance Committee (including at least two of the Investor Managers) in accordance with subsection (a) of this Section: (i) the adoption of the Company’s annual budget and operating plan, and material changes thereto; (ii) the incurrence by the Company of aggregate indebtedness for borrowed money outstanding at any time in an amount in excess of $500,000 but not greater than $1,500,000; (iii) the incurrence by the Company of any expenditures which are not set forth in the then approved annual budget to the extent in excess of $100,000 individually or $250,000 in the aggregate; (iv) the entering into any agreement or other transaction by the Company to acquire another company or the assets of another company for consideration in excess of $100,000 but less than $500,000; (v) the entering into any agreement or other transaction by the Company outside of the ordinary course of its business with respect to any sale of any of its assets for consideration in excess of $100,000 unless the holders of the outstanding Preferred Units have received or shall receive in connection with such transaction (in the aggregate taking into account all distributions, other than tax distributions, received from the Company from the original issue date of such Units) an amount per outstanding Preferred Unit equal to or in excess of four times (4X) the Original Issue Price applicable to each such outstanding Preferred Unit; (vi) any increase to the number of Units or options or profits interest available for issuance pursuant to any employee plan, other than as previously approved by the Board; (vii) approving any change of the Company’s independent public accountants; (viii) entering into any joint ventures, partnerships or establishing non-wholly owned subsidiaries; or (ix) approving any expansions by the Company into any business unrelated to neurostimulation.
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Approval Requirement. In the event that prior approval for any action by the Company is required from a Purchasers' Representative hereunder, the Company shall request such approval in writing and the Purchasers' Representative shall have 10 days to grant or deny such approval in writing. In the event the Purchasers' Representative fails to either grant or deny such approval within such period, the approval shall be deemed to have been granted. In no event shall the Purchasers' Representative unreasonably withhold an approval.
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Approval Requirement. This Agreement shall not be binding on Impact until approved by the President of Impact Networking LLC.
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Approval Requirement. The JVA is not subject to the approval of the shareholders of the Company. This announcement is dated 8 February 2024.
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Approval Requirement. Without the approval of a Super-Majority Vote of the Members, the Company shall not (and no Member shall cause the Company to): (a) Except for transactions between or among the Company and one or more of its Subsidiaries or between or among the Company's Subsidiaries themselves, engage in or permit to occur any of the following events (each event hereinafter described being hereafter referred to as a "Transaction"): (i) the sale, Transfer, assignment or other disposition by the Company of any interest in any Other Subsidiary of the Company, or by any Other Subsidiary of the Company of any interest in another Other Subsidiary of the Company, except pursuant to the provisions of the Contribution Documents; (ii) the consolidation or merger of the Company with or into any other Delaware limited liability company or other business entity (as defined in Section 18-209(a) of the Delaware Act), or any liquidation, dissolution or winding-up of the Company other than as provided for herein; (iii) (A) any consolidation or merger of any Other Subsidiary of the Company with or into any business entity (as defined in Section 18-209(a) of the Delaware Act), (B) any sale by any Other Subsidiary of the Company of all or substantially all of its assets, or (C) any liquidation, dissolution or winding-up of any Other Subsidiary of the Company other than as provided herein; (iv) the issuance of any equity securities of any Other Subsidiary of the Company, or any securities convertible into shares of preferred stock or common stock of any Other Subsidiary of the Company, other than pursuant to Schedule D hereto, or as contemplated in Section 15.8 hereof; (v) the acquisition by the Company or any Other Subsidiary of the Company of any stock or assets of another entity or of capital assets, in a single transaction or a series of related transactions in any 12 month period, for an aggregate purchase price in excess of $5,000,000; (vi) the incurrence by the Company or any Other Subsidiary of the Company of funded debt with a principal amount in excess of $5,000,000; (vii) the removal of Xxx X. Xxxxxx as the Chairman of the Company or any Other Subsidiary of the Company and the hiring or removal of any successor Chairman or any Chief Executive Officer of the Company or any Other Subsidiary; (viii) the amendment to (A) any provision of the charter of any Other Subsidiary of the Company or (B) any provision of the By-Laws of any Other Subsidiary of the Company if such provision by its...
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Approval Requirement. 173 The taking of Unplanned Leave is subject to the giving of notice to the relevant manager. 174 Employees must advise their manager as soon as possible of their need to be absent, the nature of the absence and the expected period of absence. Generally this should be before 10:00am on the actual or initial day of absence. Where the period of expected absence extends beyond that originally notified the employee must advise their manager as soon as possible. 175 For the purpose of Unplanned Leave only, the discussion with an employee’s manager (as required in clause 174) will be considered to have satisfied the requirement for prior notice of the absence. 176 The requirement for prior notification may be waived where the Secretary is satisfied that an employee was unable to notify an absence due to circumstances beyond his or her control. 177 Employees will have access to 20 days (or part-time equivalent) of paid Unplanned Leave per annum. 178 Employees in their first year of service can anticipate up to a maximum of 20 days (or part- time equivalent) Unplanned Leave. 179 Leave does not accrue during approved absences that do not count for service 180 Unplanned Leave will be available for employees in relation to: • personal illness; • illness in the immediate family or of a household member or for other personal emergencies involving the immediate family; • for employees of Aboriginal or Xxxxxx Xxxxxx Islander descent or employees with family or household members of Aboriginal or Xxxxxx Xxxxxx Islander descent, up to two days per annum to participate in relevant NAIDOC week activities; and • other special circumstances, where the Secretary considers that approval of Unplanned Leave is justified. 181 The Secretary may approve the conversion of Unplanned Leave to half-pay for an employee for a specified absence, e.g. long-term illness. 182 An employee who is medically unfit for duty for one day or more while on Planned Leave or Long Service Leave and who produces satisfactory medical evidence as set out in clause 185, may apply for Unplanned Leave. Planned Leave will be re-credited to the extent of the period of approved Unplanned Leave. Long Service Leave will be re-credited in accordance with the Long Service Leave Act 1976. 183 The Secretary may approve Unplanned Leave, subject to available credits, without production of a medical certificate/statutory declaration, subject to clause 185, of up to five days in a year (commencement year). No more than three...
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Approval Requirement. Without exception, all proposed uses of the Event Logo must be submitted to CGI for review
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Related to Approval Requirement

  • Approval Required This Agreement shall not become effective or binding until approved by the City of Meridian.

  • Removal Requirement If Xxxxxx has actual notice that a Covered Person has become an Ineligible Person, Xxxxxx shall remove such Covered Person from responsibility for, or involvement with, Xxxxxx’x business operations related to the Federal health care program(s) from which such Covered Person has been excluded and shall remove such Covered Person from any position for which the Covered Person’s compensation or the items or services furnished, ordered, or prescribed by the Covered Person are paid in whole or part, directly or indirectly, by any Federal health care program(s) from which the Covered Person has been excluded at least until such time as the Covered Person is reinstated into participation in such Federal health care program(s).‌

  • Submittal Requirements To comply with Subsection 4.1, Consultant shall submit the following: a. Certificate of Liability Insurance in the amounts specified in the section; and b. Waiver of Subrogation Endorsement as required by the section.

  • General Requirement Any notice, election, demand, request, consent, approval, or other communication required or permitted to be given under this Contract shall be in writing signed by an officer or duly authorized representative of the party making same and shall be delivered personally or shall be sent by certified or statutory mail, postage prepaid, return receipt requested, shall be effective as of the date on which it is received or would have been received but for the refusal of the addressee to accept delivery, and shall be addressed as shown in the Contract. The persons and addresses to which notices should be given may be changed by notice given in accordance with this Article.

  • Capital Requirements If any Lender or the L/C Issuer determines that any Change in Law affecting such Lender or the L/C Issuer or any Lending Office of such Lender or such Lender’s or the L/C Issuer’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or the L/C Issuer’s capital or on the capital of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company for any such reduction suffered.

  • Vote/Approval Required No vote or consent of the holders of any class or series of capital stock of Parent is necessary to approve this Agreement or the Merger or the transactions contemplated hereby. The vote or consent of Parent as the sole stockholder of Merger Sub (which shall have occurred prior to the Effective Time) is the only vote or consent of the holders of any class or series of capital stock of Merger Sub necessary to approve this Agreement or the Merger or the transactions contemplated hereby.

  • Operational Requirements 4 At-Sea Monitors are deployed, in accordance with coverage rates developed by 5 NMFS and as assigned through the Pre-Trip Notification System (PTNS), to 6 vessels. Due to availability of funding, changes in the fishery management, 7 such as emergency closures, court ordered closures, weather, and unforeseen 8 events must remain flexible. Additional funding for sea days may be added to 9 the contract within the scope and maximum allowable sea days. 10 The following items define the operational services to be provided by the 11 contractor under this contract.

  • Special Requirements Additional terms and conditions of this Agreement, if any, which are made a part hereof are set forth in the “Special Requirements” attached hereto as Exhibit “B” and incorporated herein by this reference. In the event of a conflict between the provisions of Exhibit “B” and any other provisions of this Agreement, the provisions of Exhibit “B” shall govern.

  • Procedural Requirements All holders of record of shares of Preferred Stock shall be sent written notice of the Mandatory Conversion Time and the place designated for mandatory conversion of all such shares of Preferred Stock pursuant to this Section 6. Such notice need not be sent in advance of the occurrence of the Mandatory Conversion Time. Upon receipt of such notice, each holder of shares of Preferred Stock shall surrender his, her or its certificate or certificates for all such shares (or, if such holder alleges that such certificate has been lost, stolen or destroyed, a lost certificate affidavit and agreement reasonably acceptable to the Corporation to indemnify the Corporation against any claim that may be made against the Corporation on account of the alleged loss, theft or destruction of such certificate) to the Corporation at the place designated in such notice. If so required by the Corporation, certificates surrendered for conversion shall be endorsed or accompanied by written instrument or instruments of transfer, in form satisfactory to the Corporation, duly executed by the registered holder or by his, her or its attorney duly authorized in writing. All rights with respect to the Preferred Stock converted pursuant to Section 6.1, including the rights, if any, to receive notices and vote (other than as a holder of Common Stock), will terminate at the Mandatory Conversion Time (notwithstanding the failure of the holder or holders thereof to surrender the certificates at or prior to such time), except only the rights of the holders thereof, upon surrender of their certificate or certificates (or lost certificate affidavit and agreement) therefor, to receive the items provided for in the next sentence of this Subsection 6.2. As soon as practicable after the Mandatory Conversion Time and the surrender of the certificate or certificates (or lost certificate affidavit and agreement) for Preferred Stock, the Corporation shall issue and deliver to such holder, or to his, her or its nominees, a certificate or certificates for the number of full shares of Common Stock issuable on such conversion in accordance with the provisions hereof, together with cash as provided in Subsection 5.2 in lieu of any fraction of a share of Common Stock otherwise issuable upon such conversion and the payment of any declared but unpaid dividends on the shares of Preferred Stock converted. Such converted Preferred Stock shall be retired and cancelled and may not be reissued as shares of such series, and the Corporation may thereafter take such appropriate action (without the need for stockholder action) as may be necessary to reduce the authorized number of shares of Preferred Stock accordingly.

  • Prior Approval Required Consultant shall not subcontract any portion of the work required by this Agreement, except as expressly stated herein, without prior written approval of City. Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Agreement.

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