Common use of Powers of Board of Directors Clause in Contracts

Powers of Board of Directors. Without limiting the authority of the Board of Directors, the Board shall have the authority, without the consent of the Stockholders (except as may be set forth in the resolution establishing any series of Preferred Stock), to: (a) Incur any indebtedness on behalf of the Company, whether to banks or other lenders. (b) Enter into any agreement or contract. (c) Determine the amount and timing of any distributions. (d) Determine the information to be provided to Stockholders concerning the Company. (e) Enter into a merger or consolidation with another entity, or acquire any stock or securities in any the Company or other entity, including a subsidiary the Company whose stock is wholly owned by the Company. (f) Change the Company’s business or enter into new businesses. (g) Admit new Stockholders, and issue stock, options or other rights to acquire stock, or debentures or other securities or instruments convertible to stock. (h) Redeem the stock of existing Stockholders (to the extent any such stock is subject to redemption pursuant to its terms) .. (i) Sell or otherwise dispose of all or substantially all of the Company’s assets or business.

Powers of Board of Directors. Without limiting the authority of the Board of Directors, the Board shall have the authority, without the consent of the Stockholders (except as may be set forth in the resolution establishing any series of Preferred Stock), to: (a) Incur any indebtedness on behalf of the Company, whether to banks or other lenders. (b) Enter into any agreement or contract. (c) Determine the amount and timing of any distributions. (d) Determine the information to be provided to Stockholders concerning the Company. (e) Enter into a merger or consolidation with another entity, or acquire any stock or securities in any the Company or other entity, including a subsidiary the Company whose stock is wholly owned by the Company. (f) Change the Company’s business or enter into new businesses. (g) Admit new Stockholders, and issue stock, options or other rights to acquire stock, or debentures or other securities or instruments convertible to stock. (h) Redeem the stock of existing Stockholders (to the extent any such stock is subject to redemption pursuant to its terms) ..). (i) Sell or otherwise dispose of all or substantially all of the Company’s assets or business.

Powers of Board of Directors. Without limiting the authority of the Board of Directors, the Board shall have the authority, without the consent of the Stockholders (except as may be set forth in the resolution establishing any series of Preferred Stock), to: (a) Incur any indebtedness on behalf of the Company, whether to banks or other lenders. (b) Enter into any agreement or contract. (c) Determine the amount and timing of any distributions. (d) Determine the information to be provided to Stockholders concerning the Company. (e) Enter into a merger or consolidation with another entity, or acquire any stock or securities in any the Company or other entity, including a subsidiary the Company whose stock is wholly owned by the Company. (f) Change the Company’s business or enter into new businesses. (g) Admit new Stockholders, and issue stock, options or other rights to acquire stock, or debentures or other securities or instruments convertible to stock. (h) Redeem the stock of existing Stockholders (to the extent any such stock is subject to redemption pursuant to its terms) ... (i) Sell or otherwise dispose of all or substantially all of the Company’s assets or business.