Common use of Procedure for Closing Clause in Contracts

Procedure for Closing. Termination, Amendment, Extension or Waiver. A termination of this Agreement pursuant to Section 7.01, an amendment of this Agreement pursuant to Section 7.03 or an extension or waiver pursuant to Section 7.04 shall, in order to be effective, require (a) in the case of Saratoga, action by its Board of Directors or the duly authorized designee of its Board of Directors and (b) in the case of Agents, action by its Board of Directors.

Appears in 2 contracts

Samples: Plan of Reorganization and Share Exchange Agreement (Saratoga International Holdings Corp), Merger Agreement (Saratoga International Holdings Corp)

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Procedure for Closing. Termination, Amendment, Extension or Waiver. A termination of this Agreement pursuant to Section 7.01, an amendment of this Agreement pursuant to Section 7.03 or an extension or waiver pursuant to Section 7.04 shall, in order to be effective, require (a) in the case of SaratogaUnited, action by its Board of Directors or the duly authorized designee of its Board of Directors and (b) in the case of AgentsQDI, action by its Board of Directors.

Appears in 1 contract

Samples: Merger Agreement (United Trading Com)

Procedure for Closing. Termination, Amendment, Extension or Waiver. A termination of this Agreement pursuant to Section 7.01, an amendment of this Agreement pursuant to Section 7.03 or an extension or waiver pursuant to Section 7.04 shall, in order to be effective, require (a) in the case of SaratogaStorm, action by its Board of Directors or the duly authorized designee of its Board of Directors and (b) in the case of AgentsNorth Coast, action by its Board of Directors.

Appears in 1 contract

Samples: Share Exchange Agreement (Storm High Performance Sound Corp/Fl)

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Procedure for Closing. Termination, Amendment, Extension or Waiver. A termination of this Agreement pursuant to Section 7.01, an amendment of this Agreement pursuant to Section 7.03 or an extension or waiver pursuant to Section 7.04 shall, in order to be effective, require (a) in the case of Saratoga, action by its Board of Directors or the duly authorized designee of its Board of Directors and (b) in the case of AgentsVirtual, action by its Board of Directors.

Appears in 1 contract

Samples: Share Exchange Agreement (Saratoga International Holdings Corp)

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