Examples of Texas Act in a sentence
This Agreement, and the application of interpretation hereof, shall be governed exclusively by its terms and by the laws of the State of Texas, and specifically the Texas Act.
Specifically in connection with The Securities Act of the State of Texas (as now in effect or hereafter amended) (the "Texas Act"), upon exercise of this option, unless a registration statement under the Texas Act is in effect with respect to the shares of Class A Stock covered hereby, the Company shall not be required to issue such shares unless, in the opinion of counsel for the Company, the issuance of such shares is exempt from the provisions of the Texas Act.
The Company may, but shall in no event be obligated to, register any securities covered hereby pursuant to the Texas Act.
Such committee shall have and may exercise all of the authority of the Managers, subject to the limitations set forth in this Agreement and under the Texas Act.
If a quorum is present, the affirmative vote of the Requisite Interest on the subject matter shall be the act of the Members, unless the vote of a greater or lesser proportion or number is otherwise required by the Texas Act, by the Articles of Organization or by this Agreement.