Common use of Approval Required Clause in Contracts

Approval Required. The Board shall have authority with respect to all aspects of the operation of the Company. Without limiting the generality of the foregoing, the Company shall not take any of the actions specified in the Delegation of Authority maintained by the Company, except pursuant to the approval of the party to whom authority is granted for such actions as set forth in the Delegation of Authority, including the approval of the Board by formally documented authorization where so required.

Approval Required. The Board shall have authority with respect to all aspects of the operation of the Company. Without limiting the generality of the foregoing, the Company shall not take any of the actions specified in the Delegation Management Authorization Limits, a copy of Authority maintained which is attached hereto as Annex A, as the same may be amended and approved by the CompanyBoard from time to time (the “Management Authorization Limits”), except pursuant to the approval of the party to whom authority is granted for such actions as set forth in the Delegation of AuthorityManagement Authorization Limits, including the approval of the Board by formally documented authorization where so required.

Approval Required. The Board shall have authority with respect to all aspects of the operation of the Company. Without limiting the generality of the foregoing, the Company shall not take any of the actions specified in the Delegation Management Authorization Limits, a copy of Authority maintained which is attached hereto as Annex A, as the same may be amended and approved by the CompanyBoard from time to time (the "Management Authorization Limits"), except pursuant to the approval of the party to whom authority is granted for such actions as set forth in the Delegation of AuthorityManagement Authorization Limits, including the approval of the Board by formally documented authorization where so required.

Approval Required. The Board shall have authority with respect to all aspects of the operation of the Company. Without limiting the generality of the foregoing, the Company shall not take any of the actions specified in the Delegation of Authority Management Authorization Limits maintained by the Company, except pursuant to the approval of the party to whom authority is granted for such actions as set forth in the Delegation of AuthorityManagement Authorization Limits, including the approval of the Board by formally documented authorization where so required.