Common use of Special Committee Approval Clause in Contracts

Special Committee Approval. Subject to the requirements of applicable Law, any amendment, consent, waiver, termination or other determination to be made, or action to be taken (including pursuing any Legal Proceeding against the Undertaking Persons in relation to or arising out of this Undertaking), by any Beneficiary under or with respect to this Undertaking shall be made or taken at the direction and upon the approval of, and only at the direction and upon the approval of, the Special Committee.

Appears in 2 contracts

Samples: Undertaking (Zhang Xiao Ping), Undertaking (SORL Auto Parts Inc)

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Special Committee Approval. Subject to the requirements of applicable Law, any amendment, consent, waiver, termination waiver or other determination to be made, or action to be taken (including pursuing any Legal Proceeding against the Undertaking Persons in relation to or arising out of this Undertaking)taken, by any Beneficiary the Company or the Board of Directors under or with respect to this Undertaking Agreement shall be made or taken at the direction and upon the approval of, and only at the direction and upon the approval of, of the Special Committee.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Chindata Group Holdings LTD)

Special Committee Approval. Subject to the requirements of applicable Law, any amendment, consent, waiver, termination waiver or other determination to be made, or action to be taken (including pursuing any Legal Proceeding against the Undertaking Persons in relation to or arising out of this Undertaking)taken, by any Beneficiary the Company or the Company Board under or with respect to this Undertaking Agreement shall be made or taken at the direction and upon the approval of, and only at the direction and upon the approval of, of the Special Committee. Any Action by the Company in relation to or arising out of this Agreement shall be pursued only at the direction and upon approval of the Special Committee.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ruhnn Holding LTD)

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Special Committee Approval. Subject to the requirements of applicable Law, any amendment, consent, waiver, termination waiver or other determination to be made, or action to be taken (including pursuing any Legal Proceeding against the Undertaking Persons in relation to or arising out of this Undertaking)taken, by any Beneficiary the Company or the Company Board under or with respect to this Undertaking Agreement shall be made or taken at the direction and upon the approval of, and only at the direction and upon the approval of, of the Special Committee. Any action or litigation by the Company in relation to or arising out of this Agreement shall be pursued only at the direction and upon approval of the Special Committee.

Appears in 1 contract

Samples: Agreement and Plan of Merger (China Zenix Auto International LTD)

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