Director Approval definition

Director Approval. As defined in Section 2(a).
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Director Approval means the vote of at least a majority of the directors present at a meeting at which a quorum of directors is present or the written consent of at least a majority of the directors.
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Director Approval means shall require the consent and approval of a majority of the Directors of Broken Arrow Herbal Center, Inc. (“Majority of the Directors”); provided, however, in all circumstances, the Majority of the Directors must also include the affirmative approval of the Designated Director(s).
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Examples of Director Approval in a sentence

  • Title to any or all of the Partnership assets may be held in the name of the Partnership, the General Partner, one or more of its Affiliates, or with Special Director Approval, one or more nominees, as the General Partner may determine.

  • Failure to seek Special Director Approval or Special LP Approval shall not be deemed to indicate that a conflict of interest exists or that Special Director Approval or Special LP Approval could not have been obtained.

  • The General Partner shall be authorized but not required in connection with its resolution of such conflict of interest to seek Special Director Approval or Special LP Approval of such resolution, and the General Partner may also adopt a resolution or course of action that has not received Special Director Approval or Special LP Approval.

  • Following the Parties’ agreement to enter into a Non-Standard Lease for a Leased Property, each Party will use good faith efforts to obtain its respective Director Approval within ninety (90) days thereafter, and, promptly upon obtaining such approval, shall provide written notice of such approval to the other Party.

  • Developer may request Director Approval to defer the submittal of Schematic Design Documents for the Open Space Lots within the Sub-Phase.

  • ADDITIONAL COVENANTS 19 5.1 Insurance 19 5.2 Employee Agreements 20 5.3 Employee Stock 20 5.4 Matters Requiring Preferred Director Approval 21 5.5 Board Matters; Reimbursement 22 5.6 Expenses of Counsel 22 5.7 Right to Conduct Activities 22 5.8 Successor Indemnification 23 5.9 Termination of Covenants 23 6.

  • This Agreement and the Transactions shall have received Board of Director Approval.

  • Except for the AHIT Board of Director Approval, the execution, delivery and performance of this Agreement and the Transactions have been approved and duly authorized by all necessary action of AHIT.

  • The Company and each Purchaser acknowledges and agrees that, until the occurrence of an Event of Automatic Conversion, the Company shall not be authorized, without the Required Class B Director Approval (in addition to any approvals required hereunder, pursuant to the Certificate or applicable law), to take, cause, permit or authorize any of the Board Governance Actions and any attempt to take or authorize any such action without the Required Class B Director Approval shall be deemed void ab initio.

  • The Company has obtained the Senior Preferred Director Approval, which, together with the approval of the Merger Agreement by the aggregate number of Covered Shares Beneficially Owned or held by the Stockholders, will trigger the Drag-Along Right, including obligating the Company to provide the Drag-Along Notice (as defined in the Company Voting Agreement) (the “Drag-Along Notice”).


More Definitions of Director Approval

Director Approval means shall require the consent and approval of a majority of the Directors of CJK, Inc. (“Majority of the Directors”); provided, however, in all circumstances, the Majority of the Directors must also include the affirmative approval of the Designated Director(s).
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Related to Director Approval

  • Prior Approval has the same meaning as in 44 Ill. Admin. Code 7000.

  • Board Approval has the meaning set out in Section 2.2(a)(ii);

  • Disinterested Shareholder Approval means approval by a majority of the votes cast by all the Company’s shareholders at a duly constituted shareholders’ meeting, excluding votes attached to shares of the Company beneficially owned by insiders to whom options may be granted under the Plan and their associates and affiliates;

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • HSR Approval means expiration of all applicable waiting periods under the HSR Act (including any voluntary agreed extensions) or earlier termination thereof.