Approval of Respective Boards of Directors Sample Clauses

Approval of Respective Boards of Directors. The obligations of Exide, EDC and CDC under this Agreement are conditioned upon receipt of the approval of respective boards of directors and any local governmental authorities whose approval may be required, which must be obtained before the Effective Date. Notwithstanding any provision to the contrary contained in this Agreement, the CDC shall have no liability or obligation under this Agreement until the notice period required by Section 505.160 of the Texas Local Government Code, as amended (“Section 505.160”) has expired and (i) the City has not received a petition that meets the requirements of Section 505.160, or (ii) if a valid petition is received and an election has been held, the voters of the City have approved, as required by Section 505.160, the proposed acquisition of the CDC Tract as set forth in the published notice under Section 505.160. Within ten (10) Business Days after the Effective Date, CDC shall publish said notice required under Section 505.160.
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Approval of Respective Boards of Directors. The obligations of Exide, EDC and CDC under this Agreement are conditioned upon receipt of the approval of respective boards of directors and any local governmental authorities whose approval may be required, which must be obtained before the Effective Date. Notwithstanding any provision to the contrary contained in this Agreement, the CDC shall have no liability or obligation under this Agreement until the notice period required by Section 505.160 of the Texas Local Government Code, as amended (“Section 505.160”) has expired and (i) the City has not received a petition that meets the requirements of Section 505.160, or (ii) if a valid petition is received and an election has been held, the voters of the City have approved, as required by Section 505.160, the proposed acquisition of the CDC Tract as set forth in the published notice under Section 505.160. Within ten (10) Business Days after the Effective Date, CDC shall publish said notice required under Section 505.160. Page 18 ARTICLE 12 ITEMS DELIVERED INTO ESCROW; J PARCEL CLOSING; RELEASE OF J PARCEL ESCROW 12.1 Closing Date. Provided that the conditions precedent set forth in Article 11 hereof are satisfied, the closing of the sale of the J Parcel shall occur on the date that is ten (10) Business Days following issuance of the Certificate of Completion (the “Closing Date”). The Parties may agree in writing to change the Closing Date. The Closing shall occur during regular business hours in the offices of the Title Company, or such other location as may be mutually agreed to by the City and the Frisco Parties. For the purposes of this Agreement, the actual consummation and closing of the purchase and sale contemplated by this Agreement is herein referred to sometimes as the “Closing.” 12.2
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Related to Approval of Respective Boards of Directors

  • Parent Board of Directors The Board of Directors of Parent will take all actions necessary such that two members of Company's Board of Directors reasonably acceptable to Parent, at least one of whom is an independent director of the Company's Board of Directors, shall be appointed to Parent's Board of Directors as of the Effective Time with a term expiring at the next annual meeting of Parent's stockholders.

  • Board of Directors Approval Seller shall have received the approval of its board of directors to the transactions contemplated by this Agreement.

  • Board of Director Approval This Agreement shall have been approved by the Board of Directors of Acquirer.

  • Board of Directors or Board The persons holding such office, as of any particular time, under the Articles of Incorporation of the Company, whether they be the Directors named therein or additional or successor Directors.

  • The Board of Directors AGREES TO—

  • Committees of Directors (i) The Board may, by resolution passed by a majority of the whole Board, designate one or more committees, each committee to consist of one or more of the Directors of the Company. The Board may designate one or more Directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee.

  • Composition of the Board of Directors Promptly upon the Share Purchase, Sub shall be entitled to designate such number of directors on the Board of Directors of the Corporation, rounded up to the next whole number, as will give Sub, subject to compliance with Section 14(f) of the Exchange Act, representation on such Board of Directors equal to at least that number of directors which equals the product of the total number of directors on the Board of Directors (giving effect to the directors elected pursuant to this sentence) multiplied by a fraction, the numerator of which shall be the number of shares of Common Stock so accepted for payment and paid for or otherwise acquired or owned by Sub or Parent and the denominator of which shall be the number of shares of Common Stock then outstanding, and the Corporation and its Board of Directors shall, at such time, take any and all such action needed to cause Sub's designees to be appointed to the Corporation's Board of Directors (including to cause directors to resign). Promptly upon the Share Purchase, Corporation and its Board of Directors shall take such further action as may be requested by Sub to cause Sub's designees to constitute at least a majority of the Board of Directors of each direct or indirect Subsidiary of the Corporation (other than Allied Bond & Collection Agency, Inc.). Subject to applicable law, the Corporation shall take all action requested by Parent which is reasonably necessary to effect any such election, including mailing to its shareholders an Information Statement containing the information required by Section 14(f) of the Exchange Act and Rule 14f-1 promulgated thereunder, and the Corporation agrees to make such mailing with the mailing of the Schedule 14D-9 so long as Sub shall have provided to the Corporation on a timely basis all information required to be included in such Information Statement with respect to Sub's designees. In furtherance thereof, the Corporation will increase the size of the Corporation's Board of Directors, or use its reasonable efforts to secure the resignation of directors, or both, as is necessary to permit Sub's designees to be elected to the Corporation's Board of Directors. Upon the Share Purchase (as defined in Section 1.1 hereof) all directors of the Corporation, other than Sub's designees and two directors of Corporation, and, unless otherwise agreed, all officers of the Corporation shall resign.

  • Meeting of the Board of Directors The Board of Directors of the Company may hold meetings, both regular and special, within or outside the State of Delaware. Regular meetings of the Board may be held without notice at such time and at such place as shall from time to time be determined by the Board. Special meetings of the Board may be called by the President on not less than one day’s notice to each Director by telephone, facsimile, mail, telegram or any other means of communication, and special meetings shall be called by the President or Secretary in like manner and with like notice upon the written request of any one or more of the Directors.

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