Mandatory Abandonment Sample Clauses

Mandatory Abandonment. The Merger shall be abandoned or terminated if the holders of at least the requisite majority of the shares of any of the Constituent Corporations, as required by applicable state laws, shall not have voted in favor of the adoption and approval of this Agreement, the Merger and the other transactions contemplated hereby.
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
Mandatory Abandonment. The Merger shall be abandoned or terminated if: (a) in the event that the meeting of stockholders of MEG referred to in Section 3.01 is required, the holders of at least a majority of the shares of MEG Common Stock outstanding and entitled to vote at such meeting of stockholders shall not have voted in favor of the adoption and approval of this Agreement, the Merger, and the other transactions contemplated hereby; or (b) the holders of at least a majority of the shares of Intellicell Common Stock out­standing and entitled to vote at the meeting of stockholders of Intellicell referred to in Section 3.01 shall not have voted in favor of the adoption and approval of this Agreement, the Merger, and the other transactions contemplated hereby.
Sample 1Sample 2
Mandatory Abandonment. The Merger shall be abandoned or terminated if all parties agree in writing.
Sample 1Sample 2
Mandatory Abandonment. The Merger shall be abandoned if (i) the board of directors of Kinetiks, the sole shareholder of Elinear, shall not have voted in favor of the adoption and approval of this Agreement, the Merger, and the other transactions described in this Agreement; (ii) the sole shareholder of Imagenuity shall not have voted in favor of the adoption and approval of this Agreement, the Merger, and the other transactions described in this Agreement; or (iii) the Sponsors have failed to satisfy the Financing Condition set forth in the Inducement Agreement as of the Effective Time.
Sample 1
Mandatory Abandonment. 72 ss.8.02
Sample 1
Mandatory Abandonment. The Merger shall be abandoned and terminated upon the earliest to occur of: (i) February 15, 1997, if on or before such date the holders of at least a majority of the shares of DGD Common Stock outstanding and entitled to vote and voting as a class and the holders of at least a majority of the shares of DGD Preferred outstanding and entitled to vote and voting as a class at the meeting of shareholders of DGD referred to in Section 3.01 shall not have voted in favor of the adoption and approval of this Agreement, the Merger, and the other transactions contemplated hereby; (ii) November 30, 1996, if on or before such date, the parties have not submitted applications for all governmental or regulatory approvals, rulings or consents (other than shareholder approval); (iii) any date after the submission of any such application on or after which DGD or Xxxxxx reasonably determines that a request for information or an amendment to be made or any condition imposed or proposed to be imposed by any Person to which any such application was made is unduly burdensome; or (iv) February 28, 1997, if on or before said date all governmental, regulatory or other approvals, rulings or consents, none of which shall be subject to conditions on DGD or Xxxxxx which the affected party shall reasonably deem to be unduly burdensome, necessary for the Merger shall not have been obtained.
Sample 1
Mandatory Abandonment. The Merger shall be abandoned or terminated if: (a) in the event that the meeting of stockholders of VNI referred to in Section 3.01 is required, the holders of at least a majority of the shares of VNI Common Stock outstanding and entitled to vote at such meeting of stockholders shall not have voted in favor of the adoption and approval of this Agreement, the Merger, and the other transactions contemplated hereby; or (b) the holders of at least a majority of the shares of Titan Common Stock outstanding and entitled to vote at the meeting of stockholders of Titan referred to in Section 3.01 shall not have voted in favor of the adoption and approval of this Agreement, the Merger, and the other transactions contemplated hereby. 77
Sample 1
AutoNDA by SimpleDocs

Related to Mandatory Abandonment

  • Mandatory Training The Department reserves the right to require the Charter School to attend any training related to the responsibilities of a Charter School.

  • Mandatory Disclosures In accordance with 2 CFR Part II, §200.113, Party must disclose, in a timely manner, in writing to the State, all violations of Federal criminal law involving fraud, bribery, or gratuity violations potentially affecting the Federal award. Failure to make required disclosures may result in the imposition of sanctions which may include disallowance of costs incurred, withholding of payments, termination of the Agreement, suspension/debarment, etc.

  • MANDATORY SUBJECTS 28.1 The Employer shall satisfy its collective bargaining obligation before changing a matter that is a mandatory subject. The Employer will notify the union staff representative in writing, with a copy to the Executive Director of the Union, of these changes. The Union may request discussions about and/or negotiations on the impact of these changes on employee's working conditions. The Union will notify the Vice President of Labor Relations of any demands to bargain. In the event the Union does not request discussions and/or negotiations within thirty (30) calendar days, the Employer may implement the changes without further discussions and/or negotiations. There may be emergency or mandated conditions that are outside of the Employer’s control requiring immediate implementation, in which case the Employer shall notify the Union as soon as possible. 28.2 Prior to making any change in written agency policy that is a mandatory subject of bargaining; the Employer shall notify the Union and satisfy its collective bargaining obligations per Article 28. 28.3 The parties shall agree to the location and time for the discussions and/or negotiations. Each party is responsible for choosing its own representatives for these activities. The Union will provide the Employer with the names of its employee representatives at least seven (7) calendar days in advance of the meeting date unless the meeting is scheduled sooner, in which case the Union will notify the Employer as soon as possible.

  • Mandatory Disclosure In the event that either party or their respective directors, officers, employees, consultants or agents are requested or required by legal process to disclose any of the Confidential Information of the other party, the party required to make such disclosure shall give prompt notice so that the other party may seek a protective order or other appropriate relief. In the event that such protective order is not obtained, the party required to make such disclosure shall disclose only that portion of the Confidential Information, which its counsel advises that it is legally required to disclose.

  • Mandatory Reductions If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceed the Aggregate Revolving Commitments at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

  • Mandatory Assistance If a third party dispute or litigation, or both, arises out of, or relates in any way to the services provided to the City under a Contract, Contractor , its agents, officers, and employees agree to assist in resolving the dispute or litigation upon City’s request. Contractor’s assistance includes, but is not limited to, providing professional consultations,

  • Mandatory Termination of Commitments The Commitments shall terminate on the Termination Date and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.

  • Mandatory Reduction At the close of business on the Termination Date, the aggregate Commitments shall be automatically and permanently reduced, on a pro rata basis, by an amount equal to the amount by which the aggregate Commitments immediately prior to giving effect to such reduction exceed the aggregate unpaid principal amount of the Committed Advances then outstanding.

  • Mandatory Reduction of Commitments (a) In addition to any other mandatory commitment reductions pursuant to this Section 3.03 or any other Section of this Agreement, the Total Commitment (and the Commitment of each Lender) shall terminate in its entirety on the Commitment Termination Date. (b) In addition to any other mandatory commitment reductions pursuant to this Section 3.03 or any other Section of this Agreement, the Total Commitment (and the Commitments of each Lender) shall be reduced: (i) (immediately after the relevant Loans are made) on each Borrowing Date by the amount of Total Commitment utilized to make the Loans made on such Borrowing Date; and (ii) on each borrowing date under the Other Term Loan Facility (immediately after the relevant loans are made on such borrowing date under the Other Term Loan Facility) by the amount of Total Commitment utilized to make the loans under the Other Term Loan Facility on such borrowing date. (c) In addition to any other mandatory commitment reductions pursuant to this Section 3.03 or any other Section of this Agreement, the Total Commitment shall be terminated at the times required by Section 4.02. (d) Each reduction to the Total Commitment pursuant to this Section 3.03 and Section 4.02 shall be applied proportionately to reduce the Commitment of each Lender. (e) In addition to any other mandatory commitment reductions pursuant to this Section 3.03 or any other Section of this Agreement, the Total Commitment shall be reduced pursuant to Section 3.03 and 3.02 of the Other Term Loan Facility.

  • Trash Disposal Tenant shall provide trash bins or other adequate garbage disposal facilities within the trash enclosure areas provided or permitted by Landlord outside the Leased Premises sufficient for the interim disposal of all of its trash, garbage and waste. All such trash, garbage and waste temporarily stored in such areas shall be stored in such a manner so that it is not visible from outside of such areas, and Tenant shall cause such trash, garbage and waste to be regularly removed from the Property. Tenant shall keep the Leased Premises and the Outside Areas in a clean, safe and neat condition free and clear of all of Tenant's trash, garbage, waste and/or boxes, pallets and containers containing same at all times.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!