Disinterested Directors. Effective on the Closing Date and so long as the Purchaser's Directors constitute a majority of the Board, no amendment of this Agreement by which the Company is to be bound shall be effective unless approved by a majority of the members of the Board who are not Purchaser's Directors."
Appears in 4 contracts
Samples: Stock Purchase Agreement (Cobe Laboratories Inc), Stock Purchase Agreement (Cobe Laboratories Inc), Stock Purchase Agreement (Ren Corp Usa)
Disinterested Directors. Effective ----------------------- on the Closing Date and so long as the Purchaser's Directors (as such term is defined in Section 5.08 of the Stock Purchase Agreement dated as of May 11, 1991, as amended, between the Company and the Purchaser) constitute a majority of the Board, no amendment or waiver of any provisions of this Agreement by which the Company is to be bound shall be effective unless approved by a majority of the members of the Board who are not Purchaser's Directors."
Appears in 2 contracts
Samples: Stock Purchase Agreement (Cobe Laboratories Inc), Stock Purchase Agreement (Ren Corp Usa)
Disinterested Directors. Effective on the Closing Date and so long as the Purchaser's Directors constitute a majority of the Board, no amendment of this Agreement by which the Company is to be bound shall be effective unless approved by a majority of the members of the Board who are not Purchaser's Directors."" SECTION 2.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Ren Corp Usa), Stock Purchase Agreement (Cobe Laboratories Inc)
