Operations in Accordance with Business Plan. The business and operations of the Company and its Subsidiaries shall be conducted in all material respects in accordance with the Company's annual business plan as approved by a majority of the Board of Directors, which majority must include the GECC Designee and the THLi Designees (each as defined in the Stockholders Agreement), except for such changes which shall have been approved in accordance with Section 2.2(u) of the Stockholders Agreement. The Company shall submit the E-Commerce Plan to the Board of Directors for approval no later than 90 days from the First Closing Date.
Appears in 5 contracts
Samples: Securities Purchase Agreement (Th Lee Putnam Internet Fund Advisors LLC), Securities Purchase Agreement (Krauses Furniture Inc), Securities Purchase Agreement (Worms & Co Inc)
