Common use of Approval Procedure Clause in Contracts

Approval Procedure. Notice of the request for a Partner's Approval of any matter for which such Approval is required pursuant to this Agreement shall be delivered by the requesting Partner to each of the then Authorized Representatives, together with the requesting Partner's summary and analysis of any other matter for which such Approval is requested and the requesting Partner's recommendations with respect to any matter for which Approval is requested. Each Authorized Representative shall approve or disapprove such matter by notice to the other Partner given within ten (10) days following delivery of such notice. Failure of any Authorized Representative to timely respond by written notice to the requesting Partner, indicating Approval or disapproval of such matter and, if disapproved, the reason for such disapproval, shall be deemed withholding of the Approval by such Authorized Representative of such matter for which Approval is requested. Notwithstanding anything in this Agreement to the contrary, no Authorized Representative of a Partner shall have the right to Approve any action if such Partner no longer has Approval rights with respect to such issue under Sections 7.9 and 5.1.6.1.

Approval Procedure. Notice of the request for a PartnerMember's Approval of any matter for which such Approval is required pursuant to this Agreement shall be delivered by the requesting Partner Member to each of the then Authorized Representatives, together with the requesting PartnerMember's summary and analysis of any other matter for which such Approval is requested and the requesting PartnerMember's recommendations with respect to any matter for which Approval is requested. Each Authorized Representative shall approve or disapprove such matter by notice to the other Partner Member given within ten (10) days following delivery of such notice. Failure of any Authorized Representative to timely respond by written notice to the requesting PartnerMember, indicating Approval or disapproval of such matter and, if disapproved, the reason for such disapproval, shall be deemed withholding of the Approval by such Authorized Representative of such matter for which Approval is requested. Notwithstanding anything in this Agreement to the contrary, no Authorized Representative of a Partner Member shall have the right to Approve any action if such Partner Member no longer has Approval rights with respect to such issue under Sections 7.9 and 5.1.6.1.

Approval Procedure. Notice of the request for a PartnerVenturer's Approval of any matter for which such Approval is required pursuant to this Agreement shall be delivered by the requesting Partner Venturer to each of the then Authorized Representatives, together with the requesting PartnerVenturer's summary and analysis of any other matter for which such Approval is requested and the requesting PartnerVenturer's recommendations with respect to any matter for which Approval is requested. Each Authorized Representative shall approve or disapprove such matter by notice to the other Partner Venturer given within ten (10) days following delivery of such notice. Failure of any Authorized Representative to timely respond by written notice to the requesting PartnerVenturer, indicating Approval or disapproval of such matter and, if disapproved, the reason for such disapproval, shall be deemed withholding of the Approval by such Authorized Representative of such matter for which Approval is requested. Notwithstanding anything in this Agreement to the contrary, no Authorized Representative of a Partner Venturer shall have the right to Approve any action if such Partner Venturer no longer has Approval rights with respect to such issue under Sections 7.9 and 5.1.6.1.

Approval Procedure. Notice of the request for a Partner's Approval of any matter for which such Approval is required pursuant to this Agreement shall be delivered by the requesting Partner to each of the then Authorized Representatives, together with the requesting Partner's summary and analysis of any other matter for which such Approval is requested and the requesting Partner's recommendations with respect to any matter for which Approval is requested. Each Authorized Representative shall approve or disapprove such matter by notice to the other Partner given within ten (10) days following delivery of such notice. Failure of any Authorized Representative to timely respond by written notice to the requesting Partner, indicating Approval or disapproval of such matter and, if disapproved, the reason for such disapproval, shall be deemed withholding of the Approval by such Authorized Representative of such matter for which Approval is requested. Notwithstanding anything in this Agreement to the contrary, no Authorized Representative of a Partner shall have the right to Approve any action if such Partner no longer has Approval rights with respect to such issue under Sections 7.9 and 5.1.6.15.1 6.1.