Common use of Committee Action Clause in Contracts

Committee Action. In the absence of specific rules to the contrary, action by the Committee shall require the consent of a majority of the members of the Committee, expressed either orally at a meeting of the Committee or in writing in the absence of a meeting. No member of the Committee shall have any liability for any good faith action, inaction or determination in connection with the Plan.

Appears in 6 contracts

Samples: Outbrain Inc., Number 1 (MetaStat, Inc.), ADVANCED MEDICAL ISOTOPE Corp

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Committee Action. In the absence of specific rules Subject to the contrarycompliance with all applicable laws, action by the Committee shall require the consent of a majority of the members of the Committee, expressed either orally at a meeting of the Committee or in writing in the absence of a meeting. No member of the Committee shall have any liability for any good faith action, inaction or determination in connection with the Plan.

Appears in 2 contracts

Samples: Merger Agreement (BYTE Acquisition Corp.), Business Combination Agreement (HH&L Acquisition Co.)

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Committee Action. In the absence of specific rules to the contrary, action by the Committee shall require the consent of a majority of the members of the Committee, expressed either orally at a meeting of the Committee or in writing in the absence of a meeting. No member of the Committee shall have any liability for any good faith action, inaction or determination in connection with the Plan.

Appears in 1 contract

Samples: Buck-a-Roo$ Holding CORP

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