VTTM Approval Sample Clauses

VTTM Approval. VTTM Approval (as hereinafter defined) shall be a condition precedent to Buyer's obligation to buy the Property. As used in this Agreement, "VTTM Approval" shall be deemed to occur when (a) Buyer's VTTM has been approved (or, if applicable, re-approved) by Seller in accordance with all laws and required procedures, (b) all time periods for judicial challenges (including, but not limited to, any period for challenge under CEQA) to Seller's approval of Buyer's VTTM (and, if applicable, the VTTM Re-Approval (as defined below)) have passed without any judicial challenge having been filed, or if filed, the same has been resolved by (i) plaintiff's/petitioner's dismissal of such litigation with prejudice, or (ii) a final non-appealable judgment that is not subject to further judicial review upholding the VTTM Approval (or, if applicable, the VTTM Re-Approval) without modification of the VTTM Approval (or, if applicable, the VTTM Re-Approval). In the event that any VTTM Approval (or VTTM Re-Approval) is set aside by a final non-appealable judgment that is not subject to further judicial review, and Buyer's VTTM has not expired, Seller and Buyer shall cooperate and use good faith efforts to promptly correct the error(s) identified in the final non-appealable judgment, to enable Seller to re-approve Buyer's VTTM, (and, if approved, the "VTTM Re-Approval"), and within six (6) months of such final judgment, Buyer shall submit an amended VTTM for processing in accordance with all applicable laws and required procedures. In the event that the Buyer's VTTM has expired or the error(s) identified in the final non-appealable judgment cannot be corrected by Buyer or Seller because Seller lacks the legal authority to do so, an automatic failure of the condition in this Section shall be deemed to have occurred, in which case Buyer and Seller shall each have the right to terminate this Agreement by written notice delivered to the other party and to Escrow Holder, and thereupon the Escrow Deposit shall be returned to Buyer by Escrow Holder, and to the extent previously released to Seller, by Seller, and the parties shall have no further obligations under this Agreement (except for those provisions that expressly survive any termination of this Agreement, including this provision).
Sample 1
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VTTM Approval. VTTM Approval (as hereinafter defined) shall be a condition precedent to Buyer’s obligation to buy the Property. As used in this Agreement, “VTTM Approval” shall be deemed to occur when (a) Buyer’s VTTM has been approved (or, if applicable, re-approved) by Seller in accordance with all laws and required procedures, (b) all conditions of approval imposed by Seller to its approval of the VTTM have been approved by Buyer in writing (which approval may be withheld in Buyer’s commercially reasonable discretion) and a copy of Buyer’s written approval has been deposited with Escrow Holder; and
Sample 1
VTTM Approval. VTTM Approval (as hereinafter defined) shall be a condition precedent to Buyer’s obligation to buy the Property. As used in this Agreement, “VTTM Approval” shall be deemed to occur when (a) Buyer’s VTTM has been approved (or, if applicable, re-approved) by Seller in accordance with all laws and required procedures, and (b) all time periods for judicial challenges (including, but not limited to, any period for challenge under CEQA) to Seller’s approval (or re-approval, if applicable) of Buyer’s VTTM have passed without any judicial challenge having been filed, or if filed, the same has been resolved by (i) plaintiff’s/petitioner’s dismissal of such litigation with prejudice, or (ii) a final non-appealable judgment that is not subject to further judicial review upholding the VTTM Approval without modification of the VTTM Approval. In the event that any VTTM Approval is set aside by a final non-appealable judgment that is not subject to further judicial review, Seller and Buyer shall cooperate and use good faith efforts to promptly correct the error(s) identified in the final non- appealable judgment, to enable Seller’s re-approval of Buyer’s VTTM within three (3) months of such final judgment.
Sample 1

Related to VTTM Approval

  • FCC Approval Notwithstanding anything to the contrary contained in this Agreement or in the other Loan Documents, neither the Administrative Agent nor any Lender will take any action pursuant to this Agreement or any of the other Loan Documents, which would constitute or result in a change in control of the Borrower or any of its Subsidiaries requiring the prior approval of the FCC without first obtaining such prior approval of the FCC. After the occurrence of an Event of Default, the Borrower shall take or cause to be taken any action which the Administrative Agent may reasonably request in order to obtain from the FCC such approval as may be necessary to enable the Administrative Agent to exercise and enjoy the full rights and benefits granted to the Administrative Agent, for the benefit of the Lenders by this Agreement or any of the other Loan Documents, including, at the Borrower’s cost and expense, the use of the Borrower’s best efforts to assist in obtaining such approval for any action or transaction contemplated by this Agreement or any of the other Loan Documents for which such approval is required by Law.

  • HSR Approval The applicable waiting period under the HSR Act shall have expired or been terminated.

  • FERC Approval Notwithstanding any other provision of this Appendix 2, no termination hereunder shall become effective until the Interconnected Entities and/or Transmission Provider have complied with all Applicable Laws and Regulations applicable to such termination, including the filing with the FERC of a notice of termination of the Interconnection Service Agreement, and acceptance of such notice for filing by the FERC.

  • Member Approval The “vote” or “approval” of the Members shall mean approval by a majority percentage of Membership Interest. Members shall vote or approve by their percentage interest as shown on Exhibit A of this Agreement. No annual or regular meetings of the Members are required. However, if such meetings are held, such meetings shall be noticed, held and conducted pursuant to the Act.

  • Prior Approval The Engineer shall not assign, subcontract or transfer any portion of professional services related to the work under this contract without prior written approval from the State.

  • Project Approval The County may issue a Job Order Authorization for the Work, to include the firm-fixed-price of the Job Order and the project duration. Contractor agrees that all clauses of this Contract are applicable to any Job Order issued hereunder. The County reserves the right to reject a Contractor’s Quote based on unjustifiable quantities and/or methods, performance periods, inadequate documentation, or other inconsistencies or deficiencies on the Contractor’s part in the sole opinion of the County. The County reserves the right to issue a unilateral Job Order authorization for the Work if a Quote price cannot be mutually agreed upon. This is based upon unjustifiable quantities in the sole opinion of the County. The County also reserves the right to not issue a Job Order Authorization if the County’s requirement is no longer valid or the project is not funded. In these instances, the Contractor has no right of claim to recover Quote expenses. The County may pursue continuing valid requirements by other means where Contract was not reached with the Contractor.

  • NASDAQ Approval The Company and the Purchaser agree that until the Company either obtains shareholder approval of the issuance of the Securities, or an exemption from NASDAQ's corporate governance rules as they may apply to the Securities, and an opinion of counsel reasonably acceptable to the Purchaser that NASDAQ's corporate governance rules do not conflict with nor may result in a delisting of the Company's common stock from the SmallCap Market (the "Approval") upon the conversion of the Notes, the Purchaser may not receive upon conversion of the Notes more than the number of common shares greater than 19.9% of the shares of Company's common stock outstanding on the Closing Date. Provided the closing price of the Common Stock on a Principal Market is less than $.25 per share for three consecutive trading days (such third day being the "Trigger Date"), the Company covenants to obtain the Approval required pursuant to the NASDAQ's corporate governance rules to allow conversion of all the Notes and interest thereon. The Company further covenants to file the preliminary proxy statement relating to the Approval with the Commission on or before thirty days after the Trigger Date ("Proxy Filing Date"). The Company further covenants to obtain the Approval no later than ninety days after the Trigger Date ("Approval Date"). The Company's failure to (i) file the proxy on or before the Proxy Filing Date; or (ii) the Company's failure to obtain the Approval on or before the Approval Date (each being an "Approval Default") shall be deemed an Event of Default under the Note, but only to the extent the Notes and interest thereon that may not be converted due to the Company's failure to obtain such Approval.

  • Course Approval Approval for dual credit shall be by the LEA and POSTSECONDARY INSTITUTION representatives on a course-by-course basis each semester based on the student’s prior coursework, career pathway, and/or academic readiness. There is no state limit to the number of credits a student may earn through dual credit in an academic term; however, the student must meet eligibility requirements.

  • No Regulatory Approval By the Company or Parent, if its Board of Directors so determines by a vote of a majority of the members of its entire Board, in the event any Requisite Regulatory Approval shall have been denied by final, nonappealable action by such Governmental Authority or a Governmental Authority shall have requested the permanent withdrawal of an application therefor.

  • New Project Approval Consultant and District recognize that Consultant’s Services may include working on various projects for District. Consultant shall obtain the approval of District prior to the commencement of a new project.

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