Common use of Board Approval; Shareholder Vote Clause in Contracts

Board Approval; Shareholder Vote. The SPAC Board (including any required committee or subgroup of the board of directors of SPAC) has, as of the date of this Agreement, unanimously: (a) approved this Agreement, the other Transaction Agreements and the consummation of the Transactions; and (b) determined that the consummation of the Transactions is fair, advisable and in the commercial interest of SPAC. Other than the approval of the SPAC Shareholder Matters, no other corporate proceedings on the part of SPAC are necessary to approve the consummation of the Transactions.

Appears in 2 contracts

Samples: Business Combination Agreement (Moringa Acquisition Corp), Business Combination Agreement (Moringa Acquisition Corp)

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Board Approval; Shareholder Vote. The SPAC Board (including any required committee or subgroup of the board of directors of SPACSPAC Board) has, as of the date of this Agreement, has unanimously: (a) determined that the Merger is in the best interests of SPAC, (b) approved this Agreement, the other Transaction Agreements Merger and the consummation of the Transactions; other Transactions and (bc) determined to recommend that the consummation of SPAC Shareholders vote to approve the Transactions is fair, advisable and in the commercial interest of SPACSPAC Shareholder Matters. Other than the approval of the SPAC Shareholder MattersApproval, no other corporate proceedings on the part of SPAC are necessary to approve the consummation of the Transactions.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Pagaya Technologies Ltd.), Agreement and Plan of Merger (EJF Acquisition Corp.)

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