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Common use of Board Determination Clause in Contracts

Board Determination. Adjusted Operating Cash Flow shall be based upon the audited annual financial statements of the Company for the preceding fiscal year, as have been approved by the Company’s board of directors.

Appears in 6 contracts

Samples: Token Purchase Agreement (INX LTD), Token Purchase Agreement (INX LTD), Token Purchase Agreement (INX LTD)

Board Determination. Adjusted Operating Cash Flow shall be determined by the Board of Directors in good faith based upon the audited annual financial statements of the Company for the preceding fiscal year, as have been approved by the Company’s board of directors.

Appears in 1 contract

Samples: Token Purchase Agreement (INX LTD)