Matters requiring Joint Committee Approval. The following matters affecting the Company and the Activities shall require Joint Committee Approval before being undertaken, or agreed to be undertaken, by the Company: (a) Significant financial commitments: The entry into any financial commitment exceeding $500,000. (b) Significant asset acquisitions and disposals: The acquisition or disposition of any assets valued in excess of $100,000. (c) Long term contracts: The entry into any agreements involving a term exceeding 3 years.
Appears in 4 contracts
Samples: Shareholder Agreement, Shareholder Agreement, Shareholder Agreements
Matters requiring Joint Committee Approval. The following matters affecting the Company and the Activities shall require Joint Committee Approval before being undertaken, or agreed to be undertaken, by the Company:
(a) Significant financial commitments: The entry into any financial commitment exceeding $500,000.
(b) Significant asset acquisitions and disposals: The acquisition or disposition of any assets valued in excess of $100,000.
(c) Long term contracts: The entry into any agreements involving a term exceeding 3 years.
Appears in 1 contract
Samples: Shareholders' Agreement
