Common use of Procedure for Termination, Amendment, Extension or Waiver Clause in Contracts

Procedure for Termination, Amendment, Extension or Waiver. In order to be effective, (a) any termination or amendment of this Agreement shall require the prior approval of that action by the board of directors of each party seeking to terminate or amend this Agreement and (b) any extension or waiver of any obligation under this Agreement or condition to the consummation of this Agreement shall require the prior approval of a duly authorized officer or the board of directors of the party or parties entitled to extend or waive that obligation or condition.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Renaissancere Holdings LTD), Agreement and Plan of Merger (Platinum Underwriters Holdings LTD)

AutoNDA by SimpleDocs

Procedure for Termination, Amendment, Extension or Waiver. In order to be effective, (a) any termination or amendment of this Agreement shall require the prior approval of that action by the board Board of directors Directors of each party seeking to terminate or amend this Agreement and (b) any extension or waiver of any obligation under this Agreement or condition to the consummation of this Agreement shall require the prior approval of a duly authorized officer or the board Board of directors Directors of the party or parties entitled to extend or waive that obligation or condition.

Appears in 2 contracts

Samples: Agreement and Plan of Amalgamation (SeaCube Container Leasing Ltd.), Agreement and Plan of Merger (Interpool Inc)

Procedure for Termination, Amendment, Extension or Waiver. In A termination of this Agreement pursuant to Section 4.01, an amendment of this Agreement pursuant to Section 4.03 or an extension or waiver pursuant to Section 4.04 shall, in order to be effective, (a) any termination or amendment of this Agreement shall require the prior approval of that action by the board Board of directors Directors, or the duly authorized committee of each party seeking to terminate or amend this Agreement and (b) any extension or waiver of any obligation under this Agreement or condition such Board to the consummation of this Agreement shall require the prior approval of a duly authorized officer or the board of directors extent permitted by law, of the party or parties entitled to extend or waive that obligation or conditionauthorizing such action.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Corrections Corp of America/Md), Agreement and Plan of Merger (Corrections Corp of America/Md)

Procedure for Termination, Amendment, Extension or Waiver. In 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, (a) any termination or amendment of this Agreement shall require the prior approval of that action by the board Board of directors Directors, or the duly authorized committee of each party seeking to terminate or amend this Agreement and (b) any extension or waiver of any obligation under this Agreement or condition such Board to the consummation of this Agreement shall require the prior approval of a duly authorized officer or the board of directors extent permitted by law, of the party or parties entitled to extend or waive that obligation or conditionauthorizing such action.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Prison Realty Trust Inc), Agreement and Plan of Merger (Prison Realty Trust Inc)

Procedure for Termination, Amendment, Extension or Waiver. In order to be effective, (a) any termination or amendment of this Agreement shall require the prior approval of that action by the board of directors of each party seeking to terminate or amend this Agreement and (b) any extension or waiver of any obligation under this Agreement or condition to the consummation of this Agreement shall require the prior approval of a duly authorized officer or designee of the board of directors of the party or parties entitled to extend or waive that obligation or condition.

Appears in 1 contract

Samples: Agreement and Plan of Merger (ATC Technology CORP)

Procedure for Termination, Amendment, Extension or Waiver. In order to be effective, (a) any termination or amendment of this Agreement shall will require the prior approval of that action by the board of directors of each party seeking to terminate or amend this Agreement and (b) any extension or waiver of any obligation under this Agreement or condition to the consummation of this Agreement shall will require the prior approval of a duly authorized officer or the board of directors of the party or parties entitled to extend or waive that obligation or condition.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Uici)

AutoNDA by SimpleDocs

Procedure for Termination, Amendment, Extension or Waiver. In order to be effective, (a) any termination or amendment of this Agreement shall require the prior approval of that action by the board of directors (or similar governing body or entity) of each party seeking to terminate or amend this Agreement and (b) any extension or waiver of any obligation under this Agreement or condition to the consummation of this Agreement shall require the prior approval of a duly authorized officer or the board of directors (or similar governing body or entity) of the party or parties entitled to extend or waive that obligation or condition.

Appears in 1 contract

Samples: Voting Agreement (Interstate Hotels & Resorts Inc)

Procedure for Termination, Amendment, Extension or Waiver. In order to be effective, (a) any termination or amendment of this Agreement shall require the prior approval of that action by the board of directors or other applicable governing body of each party seeking to terminate or amend this Agreement and (b) any extension or waiver of any obligation under this Agreement or condition to the consummation of this Agreement shall require the prior approval of a duly authorized officer or designee of the board of directors or other applicable governing body of the party or parties entitled to extend or waive that obligation or condition.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Duane Reade Inc)

Procedure for Termination, Amendment, Extension or Waiver. In order to be effective, (a) any termination or amendment of this Agreement shall require the prior approval of that action by the board of directors of each party seeking to terminate or amend this Agreement and (b) any extension or waiver of any obligation under this Agreement or condition to the consummation of this Agreement shall be in writing and require the prior approval of that action by the board of directors, or a duly authorized officer or designee of the board of directors directors, of the party or parties entitled seeking to extend or waive that obligation or conditiontake such action.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ivanhoe Energy Inc)

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