Board Approval Condition Sample Clauses

Board Approval Condition. The Parties acknowledge that this Agreement remains subject to approval by the Board of Directors of each Party and agree that their respective Boards of Directors shall convene promptly following the date hereof to consider and vote upon this Agreement. In the event that the Board of Directors of either Party does not approve this Agreement, such Party may deliver a written termination notice to the other Party no later than 9:00 p.m., U.S. Eastern time, on the tenth (10th) business day following the date of this Agreement, in which event this Agreement shall be deemed null and void ab initio and neither Party shall have any rights, obligations, or liabilities in respect hereof. In the event that neither Party delivers a termination notice pursuant to this Section 26.14 prior to such time, then this Agreement shall be deemed in full force and effect as of and following the date first above written.
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Board Approval Condition. This Agreement is conditioned upon approval by the Board of Directors of Xxxxx Xxxx Xxxxxx Xxxxxxxx Xx. 000. SELLER: PURCHASER: Xxxxx Xxxx Xxxxxx Xxxxxxxx Xx. 000 Xxxxx Xxxxxx By: By: Xx. Xxxxxx Xxxxx Its: Interim Superintendent Its:
Sample 1
Board Approval Condition. This Agreement is conditioned upon the approval of the Board of Directors of Flexible Solutions being obtained on or before September 1, 2002. In the event that such approval is not obtained by that date, and written notice of such approval provided to Ondeo Nalco, this Agreement shall be considered null and void.
Sample 1
Board Approval Condition. Notwithstanding any of the terms and conditions to the contrary set forth in the Purchase Agreement, if, within fourteen (14) days after the date hereof, Purchaser has not received approval by Purchaser’s board of trustees or investment committee of the transaction contemplated hereby, then Purchaser shall have the right, upon written notice to Seller prior to the expiration of such fourteen (14) day period, to terminate the Purchase Agreement and thereupon to receive an immediate refund of the Deposit (anything herein contained to the contrary notwithstanding), and neither party shall thereafter have any further liability or obligation under the Purchase Agreement except for such liabilities and obligations that are expressly stated therein to survive termination of the Purchase Agreement. If Purchaser fails to deliver written notice of its election to terminate the Purchase Agreement pursuant to the preceding sentence within such fourteen (14) day period, Purchaser shall be deemed to have waived such condition and shall have no further right to terminate the Purchase Agreement pursuant to this Section 8.
Sample 1

Related to Board Approval Condition

  • Additional Conditions to Closing (a) All necessary approvals under federal and state securities laws and other authorizations relating to the issuance of the Acquisition Shares and the transfer of the Shares shall have been received.

  • ORIGINAL CONDITIONS A. All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers and interpretations and to the same modifications and alterations as the Policy, subject to the terms and conditions of this Contract, and the Reinsurer shall be credited with its exact proportion of the Insured's premiums due to the Company under the Policy.

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

  • Additional Conditions For each mediation or arbitration:

  • Special Conditions A submitted appeal must;

  • Initial Conditions Precedent The obligation of the Lenders to effect or permit the occurrence of the first Credit Event hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent:

  • Legal Conditions to the Merger (a) Subject to the terms hereof, the Company and the Fund shall each use its reasonable best efforts to (i) take, or cause to be taken, all actions, and do, or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable to consummate and make effective the Merger and the other transactions contemplated hereby and by the Company Stockholders’ Agreement as promptly as practicable, (ii) as promptly as practicable, obtain from any Governmental Entity or any other third party any consents, licenses, permits, waivers, approvals, authorizations, or orders required to be obtained or made by the Company, Acquisition LLC or the Fund or any of their Subsidiaries in connection with the authorization, execution and delivery of this Agreement and the Company Stockholders’ Agreement and the consummation of the transactions contemplated hereby and thereby, (iii) as promptly as practicable, make all necessary filings, and thereafter make any other required submissions, with respect to this Agreement and the Company Stockholders’ Agreement, and the Merger required under (A) the Securities Act and the Exchange Act, and any other applicable federal or state securities laws, and (B) any other applicable law and (iv) execute or deliver any additional instruments necessary to consummate the transactions contemplated by, and to fully carry out the purposes of, this Agreement and the Company Stockholders’ Agreement. The Company and the Fund shall cooperate with each other in connection with the making of all such filings. The Company and the Fund shall use their respective reasonable efforts to furnish to each other all information required for any application or other filing to be made pursuant to the rules and regulations of any applicable law (including all information required to be included in the Proxy Statement and the Registration Statement) in connection with the transactions contemplated by this Agreement and the Company Stockholders’ Agreement.

  • Conditions Precedent at Closing Date The obligation of the Lenders to make Loans, and of any LC Issuer to issue Letters of Credit, is subject to the satisfaction of each of the following conditions on or prior to the Closing Date:

  • Mutual Conditions to Closing The obligations of the Investor and the Company to consummate the Closing are subject to the fulfillment as of the Closing Date of the following conditions:

  • Financial Conditions Section 4.01. (a) The Recipient shall maintain or cause to be maintained a financial management system, including records and accounts, and prepare financial statements in a format acceptable to the Bank, adequate to reflect the operations, resources and expenditures in respect of the Project and each Sub-project (including its cost and the benefits to be derived from it).

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