Approval Requirement Clause Samples

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.

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.

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 ▇▇▇▇▇▇ ▇▇▇▇▇▇ Islander descent or employees with family or household members of Aboriginal or ▇▇▇▇▇▇ ▇▇▇▇▇▇ 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...

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 ▇▇▇ ▇. ▇▇▇▇▇▇ 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...

Approval Requirement. Without exception, all proposed uses of the Event Logo must be submitted to CGI for review

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.

Approval Requirement. The JVA is not subject to the approval of the shareholders of the Company. This announcement is dated 8 February 2024.