Common use of Specific Approval Rights of the Board of Directors Clause in Contracts

Specific Approval Rights of the Board of Directors. Notwithstanding any provision of this Agreement to the contrary, the following actions shall require the approval by a majority of the Board Members then comprising the Board of Directors at a meeting or by written consent: (1) The amount of, whether and when to make, contributions to the Company or any Company Subsidiary (including any Subsequent Contributions pursuant to Section 3.2).

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Emeritus Corp\wa\), Limited Liability Company Agreement, Agreement of Purchase and Sale

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