Internal Approval Sample Clauses
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Internal Approval. The shareholders’ meeting and the board of directors of the Target Company have adopted written resolution/decision to: (i) approve the execution and performance of the Transaction Documents and the Remaining Share Transaction Documents, and all shareholders have waived their right of first refusal, liquidation preference, co-sale right, veto right and any other rights which may affect the Acquisition Transaction, (ii) adopt a new articles of association of the Target Company to the satisfaction of the Purchaser, and (iii) remove the current legal representative, other directors, supervisors, managers, enterprise contact persons and chief financial officer of the Target Company except that the Founder ▇▇▇▇ ▇▇▇ will continue serving as a director of the Target Company (collectively the “Resigned Personnel Filed with AIC”) and elect new legal representative, other directors, supervisors, managers, enterprise contact persons and chief financial officer of the Target Company appointed by the Purchaser (collectively the “New Personnel Filed with AIC”), and (iv) approve cancellation of options and termination of all employee incentive plans.
Internal Approval. The Purchaser shall have obtained and performed all necessary external, internal and corporate approvals and checks under all applicable laws regarding the Transaction Documents, including but not limited to its investment committee approval, anti-money laundering checks and know-your-client checks, and such approvals remain valid and have not been revoked until Closing.
Internal Approval. The necessary internal approvals, including without limitation to the approval of the investment committee of the Investor, have been duly obtained by the Investor.
Internal Approval. Such Investor shall have received internal approval and authorization for the transactions contemplated hereunder.
Internal Approval. This contract will be in full force and effect as of the date of signing unless, within twenty-one (21) days of signing date, either party is unable to obtain board of directors approval of the Agreement and all its terms. If either company’s board of directors failed to ratify the contract during the twenty-one (21) day period, the Agreement and all of its terms will be immediately terminated.
Internal Approval. The board of directors of the Issuer shall have approved the execution and delivery of this Agreement and the other Transaction Documents and the consummation of the transactions contemplated hereunder and thereunder.
Internal Approval. The Purchaser shall have obtained all necessary internal approval on the execution and delivery of this Agreement and the other Transaction Documents and the consummation of the transactions contemplated hereunder and thereunder.
Internal Approval. The Company has completed all necessary internal approval procedures necessary for the completion of Transaction, including but not limited to the resolutions on approval of the Transaction have been approved by the board and the shareholders. Transferee’s board has approved Transferee’s execution and performance of this Agreement.
Internal Approval. The Purchaser provides evidence to the Sellers of having obtained the necessary approvals from its competent corporate bodies, as required under its bylaws or applicable law.
Internal Approval. Parent shall have received approval from the votes of a simple majority of all of its issued and outstanding shares of Parent held by the Parent shareholders present at the Parent Shareholder Meeting the transactions contemplated by this Agreement (including the Acquisition) (such approval, the “Required Parent Shareholder Approval”).