Common use of Transaction Committee Clause in Contracts

Transaction Committee. During the period from the date of this Agreement through the Fourth Anniversary Adjustment Date, in the event that the Company’s Board of Directors is required to act with respect to (a) an amendment, modification or waiver of rights under, this Agreement, the Certificate, the Warrants or the Shareholders Agreement (the “Related Agreements”), (b) the enforcement of obligations of the Purchasers under the Related Agreements or (c) approval of actions relating to the disposition of Non-Core Assets, such action shall be deemed approved by the Board if approved by the Transaction Committee.

Appears in 1 contract

Samples: Subscription Agreement (Arch Capital Group LTD)

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Transaction Committee. During the period from the date of this Agreement through the Fourth Anniversary Adjustment Date, in the event that the Company’s 's Board of Directors is required to act with respect to (a) an amendment, modification or waiver of rights under, this Agreement, the Certificate, the Warrants or the Shareholders Agreement (the “Related Agreements”"RELATED AGREEMENTS"), (b) the enforcement of obligations of the Purchasers under the Related Agreements or (c) approval of actions relating to the disposition of Non-Core Assets, such action shall be deemed approved by the Board if approved by the Transaction Committee.

Appears in 1 contract

Samples: Subscription Agreement (Arch Capital Group LTD)

Transaction Committee. During the period from the date of this Agreement through the Fourth Anniversary Adjustment Second Applicable Date, in the event that the Company’s 's Board of Directors is required to act with respect to (a) an amendment, modification or waiver of rights under, this Agreement, the Certificate, the Warrants or the Shareholders Agreement (the "Related Agreements"), (b) the enforcement of obligations of the Purchasers under the Related Agreements or (c) approval of actions relating to the disposition of Non-Core Assets, such action shall be deemed approved by the Board if approved by the Transaction Committee.

Appears in 1 contract

Samples: Subscription Agreement (Warburg Pincus LLC)

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Transaction Committee. During the period from the date of this Agreement through the Fourth Anniversary Adjustment Second Applicable Date, in the event that the Company’s 's Board of Directors is required to act with respect to (a) an amendment, modification or waiver of rights under, this Agreement, the Certificate, the Warrants or the Shareholders Agreement (the “Related Agreements”"RELATED AGREEMENTS"), (b) the enforcement of obligations of the Purchasers under the Related Agreements or (c) approval of actions relating to the disposition of Non-Core Assets, such action shall be deemed approved by the Board if approved by the Transaction Committee.

Appears in 1 contract

Samples: Subscription Agreement (Arch Capital Group LTD)

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