Approval of the Board definition

Approval of the Board or "APPROVED BY THE BOARD" means the approval of a majority of the then elected and qualified Managers on the Board. For purposes of taking any action or voting on any matter coming before the Board, each Manager shall have one vote.

Approval of the Board or “Board acting by Approval” and any grammatical variation thereof, shall mean consent, approval or vote of a majority of the Managers then in office at a meeting at which a quorum is present as defined in Section 7.2(h).

Approval of the Board. “Approved by the Board”, “Approval of the Managers” or “Approved by the Managers” means, with respect to any referenced group of Managers, the affirmative approval of a Majority of such Managers by voting power, as set forth in Section 5.9(a).

Examples of Approval of the Board in a sentence

• Bank accounts and/or other accounts of the Company shall be maintained in such banking and/or other financial institution(s) as shall be selected by Approval of the Board, and withdrawals shall be made and other activity conducted on such signature or signatures as determined by Approval of the Board.

• By Approval of the Board, the Company may establish places of business within and without the State of Michigan, as and when required by its business and in furtherance of its purposes set forth in Section 2.2 hereof, and may appoint agents for service of process in all jurisdictions in which the Company shall conduct business.

• The overall management and control of the business and affairs of the Company shall be vested in the Board of Managers, acting by Approval or Supermajority Approval of the Board of Managers as described below, but subject to the Member protections as set forth in Section 7.5 hereof.

• Amounts treated as advanced to any Member pursuant to this Section shall be repaid by such Member to the Company within thirty (30) days after the Board, acting by Approval of the Board of Managers, give notice to such Member making demand therefore.

• Any borrowing of funds exceeding $250,000 shall require Supermajority Approval of the Board.

• All responsibilities granted to the Board or under this Agreement shall be exercised by the Board as a body, and no Manager, acting alone and without prior Approval of the Board, shall have the authority to act on behalf of the Board.

• Subject to Approval of the Board of Supervisors and Sections 4.4 and 4.5, City, on behalf of the CFD, intends to issue CFD Bonds for purposes of this Financing Plan.

• No Unit Owner, or its agents or employees, shall make any modifications or alterations to, or encroach upon, or occupy or obstruct any part of the Common Area or Common Area improvements without Approval of the Board, which approval shall not be unreasonably withheld.

• In the event this Agreement is opened for bargaining pursuant to this Article, the parties agree that all terms contained herein will remain in effect until a renewal Agreement/Implemented Terms is approved by the Hospital Authority Board required in Article 51, Approval of the Board of the University of Kansas Hospital Authority.

• No Unit Owner, or its agents or employees, shall make any modifications or alterations to its Unit which affect the Common Area or other Units or the easements and restrictions of record without the Approval of the Board, which approval shall not be unreasonably withheld.

More Definitions of Approval of the Board

Approval of the Board or “Approved by the Board” means the vote, consent or approval of not less than a majority of the members of the Board of Directors.

Approval of the Board or “Approved by the Board” means the vote, consent, or approval of not less than a majority of a quorum of the Category A Directors and not less than a majority of a quorum of the Category B Directors (with the amount constituting a quorum in each such category to be determined from time to time by the directors therein as described in Section 12.3). Stated differently, Approval of the Board shall be determined through “block voting,” such that, in order to have been Approved by the Board, an action must have received the vote, consent, or approval of a majority of a quorum of both the Category A Directors (with the amount constituting a quorum of the Category A Directors being determined solely by the Category A Directors pursuant to Section 12.3) and the Category B Directors (with the amount constituting a quorum of the Category B Directors being determined solely by the Category B Directors pursuant to Section 12.3). Notwithstanding the foregoing, from and after either (i) the date upon which the UTHSCT Member sells, assigns, or transfers all or any portion of its Units to any Person other than The University of Texas System, the Board of Regents, or another institution of The University of Texas System or an Ardent Affiliate or (ii) at the election of the Ardent Member, the first date upon which the Sharing Percentage of the UTHSCT Member is less than [***], “Approval of the Board” shall mean the vote, consent, or approval of not less than a simple majority of the Board of Directors. Any vote, consent, or approval that constitutes the Approval of the Board shall constitute the action of the Board.

Approval of the Board or “Approved by the Board” means the vote, consent or approval of not less than a majority of a quorum of Category A Directors and not less than a majority of a quorum, of the Category B Directors (with the amount constituting a quorum in each such category to be determined from time to time by the directors therein). That is, ail action taken by the Board of Directors shall be accomplished through “block voting”- i.e., all actions of the Board will require the vote, consent or approval of a majority of a quorum of both the Category A Directors (with the amount constituting a quorum of the Category A Directors being determined solely by the Category A Directors) and the Category B Directors (with the amount constituting a quorum of the Category B Directors being determined solely by the Category B Directors) pursuant to Section 12.3. Such vote, consent or approval by both the Category A Directors and Category B Directors shall constitute the action of the Board of Directors.

Approval of the Board or “Approved by the Board” 2

Approval of the Board or “Approved by the Board” means the initial approval by the Compensation Committee and, except with respect to certain approvals required by Section 162(m) of the Internal Revenue Code of 1986, as amended (“Section 162(m)”) to be completed solely by the Compensation Committee, the subsequent recommendation by the Compensation Committee to, and approval by, the Board of Directors.