Common use of Management Provisions Clause in Contracts

Management Provisions. Without limiting the actions that may be required, by applicable law or otherwise, to be approved by the Board of Directors, the parties expressly agree that, unless approved by a two-thirds vote of the Board of Directors, neither the Corporation nor any of its subsidiaries may take or agree to take, and no Stockholder shall cause the Corporation or any subsidiary to take or agree to take, any of the following actions:

Appears in 4 contracts

Samples: Stockholders' Agreement (Metal Management Inc), 4 Stockholders' Agreement (Jacobs Gerard M), Stockholders' Agreement (Metal Management Inc)

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Management Provisions. Without limiting the actions that may be required, by applicable law or otherwise, to be approved by the Board of Directors, the parties expressly agree that, unless approved by a two-thirds vote of the Board of Software Directors, neither the Corporation nor any of its subsidiaries may not take or agree to take, and no Stockholder shall cause the Corporation or any subsidiary to take or agree to take, any of the following actions:

Appears in 2 contracts

Samples: Stockholders' Agreement (Software & Healthcare Technology Fund LLC /Il), Stockholders' Agreement (Simplex Medical Systems Inc)

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