Purchaser’s Board of Directors Approval Sample Clauses

Purchaser’s Board of Directors Approval. The Purchaser’s Board of Directors will have approved the purchase of the Assets.
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Purchaser’s Board of Directors Approval. The Purchaser’s Board of Directors will have approved the purchase of the Assets. The Conditions Precedent are intended solely for the benefit of Purchaser. At the time of the Primary Closing, if any of the Conditions Precedent is not timely satisfied, Purchaser will have the right in its sole discretion to either terminate this Agreement or waive in writing the Condition Precedent and proceed with the Closing. At the time of any subsequent Closing, if any of the Conditions Precedent is not timely satisfied, Purchaser will have the right in its sole discretion to either: (i) if the failure of the condition is monetary in nature, demand that the failed condition be cured by the applicable Selling Party by the payment of money within 10 days of such demand, but in the event of a dispute, the applicable Selling Party may post a bond for the full amount pending resolution of the dispute; (ii) if the failure of the condition cannot be cured and is not of a monetary nature, negotiate in good faith with the applicable Selling Party for an adjustment to the applicable portion of the Purchase Price; or (iii) defer the Closing until the condition is satisfied (which may include specific performance as provided in Section 9.1(b)). Except as specifically provided for herein, termination of this Agreement by any party is not permitted at any time for any reason after the Primary Closing.
Sample 1
Purchaser’s Board of Directors Approval. The purchase of the Property shall remain subject to, and contingent upon, review and approval by State Bank's Board of Directors and outside Legal Counsel, which shall be obtained within three (3) business days of the Effective Date [March 6, 1997]. (m:bp-state.co3/2-28-97) This Agreement for the Purchase and Sale of Commercial Real Estate has been executed as of the date first written above. SELLER: Bishop Powers., Ltd. By: Bishop Capital Corpxxxxxxn, xxx general partner Xy: /s/ Robert E. Thrailkill --------------------------- Its: President --------------------------- PURCHASER: State Bank & Trust of Colorado Springs By: /s/ John G. Jackson ---------------------------- Its: President ---------------------------- (m:bp-state.co3/2-28-97) AGREEMENT OF BROKER The undersigned, as Broker hereunder, acknowledges and agrees that Section 16 of the foregoing Agreement correctly sets forth the understanding and agreement between Broker and Seller relating to the payment of a commission resulting from the sale of the Property. BROKER: Highland Commercial Group, LLC By: --------------------------------- Its: --------------------------------- Paragon Properties, Inc., f/k/a Paragon-Price Commercial, Inc. By: ---------------------------------- Its: ---------------------------------- (m:bp-state.co3/2-28-97) EXHIBITS to Agreement for the Purchase and Sale of Commercial Real Estate Exhibit A Legal Description of Center Exhibit B Concept Plan Exhibit C Legal Description of Property Exhibit D Escrow Agreement (m:bp-state.co3/2-28-97) EXHIBIT A to Agreement for the Purchase and Sale of Commercial Real Estate Legal Description of Center
Sample 1
Purchaser’s Board of Directors Approval. Marked Schedule 3.3, attached hereto and specifically incorporated herein by this reference is a certified copy of its Board of Directors" Resolution approving this transaction.
Sample 1

Related to Purchaser’s Board of Directors Approval

  • Board of Directors Approval Seller shall have received the approval of its board of directors to the transactions contemplated by this Agreement.

  • Board of Director Approval This Agreement shall have been approved by the Board of Directors of Acquirer.

  • Parent Board of Directors The Board of Directors of Parent will take all actions necessary such that two members of Company's Board of Directors reasonably acceptable to Parent, at least one of whom is an independent director of the Company's Board of Directors, shall be appointed to Parent's Board of Directors as of the Effective Time with a term expiring at the next annual meeting of Parent's stockholders.

  • The Board of Directors AGREES TO—

  • Board of Directors Meetings The Company shall use its best efforts to ensure that meetings of its Board of Directors are held at least four times each year and at least once each quarter.

  • Board of Directors The Board of Directors of the Company is comprised of the persons set forth under the heading of the Pricing Prospectus and the Prospectus captioned “Management.” The qualifications of the persons serving as board members and the overall composition of the board comply with the Exchange Act, the Exchange Act Regulations, the Xxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder (the “Xxxxxxxx-Xxxxx Act”) applicable to the Company and the listing rules of the Exchange. At least one member of the Audit Committee of the Board of Directors of the Company qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange. In addition, at least a majority of the persons serving on the Board of Directors qualify as “independent,” as defined under the listing rules of the Exchange.

  • Meeting of the Board of Directors The Board of Directors of the Company may hold meetings, both regular and special, within or outside the State of Delaware. Regular meetings of the Board may be held without notice at such time and at such place as shall from time to time be determined by the Board. Special meetings of the Board may be called by the President on not less than one day’s notice to each Director by telephone, facsimile, mail, telegram or any other means of communication, and special meetings shall be called by the President or Secretary in like manner and with like notice upon the written request of any one or more of the Directors.

  • Chairman of the Board of Directors The Chairman of the Board of Directors, if there be one, shall preside at all meetings of the Limited Partners and of the Board of Directors. The Chairman of the Board of Directors shall be selected from time to time by the Board of Directors. The Chairman of the Board of Directors shall also perform such other duties and may exercise such other powers as may from time to time be assigned by this Agreement or by the Board of Directors.

  • Board of Directors or Board The persons holding such office, as of any particular time, under the Articles of Incorporation of the Company, whether they be the Directors named therein or additional or successor Directors.

  • Shareholders' Approval The holders of not less than a majority of the outstanding common stock of the Purchaser shall have voted for authorization and approval of this Agreement and the transactions contemplated hereby.

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