Board of Directors Approvals. The Merger shall have been approved by appropriate action of the Board of Directors of GG.
Board of Directors Approvals. The Board of Directors of BlackRock and BlackRock Merger Sub, at a meeting duly called and held, has unanimously (i) determined that this Agreement and the Merger are advisable, fair to, and in the best interests of BlackRock and its stockholders, (ii) duly and validly approved and taken all corporate action required to be taken by the Board of Directors to authorize the consummation of the Transactions and (iii) recommended that the stockholders of BlackRock Merger Sub or BlackRock, as applicable, approve and adopt this Agreement and the Merger, and none of the aforesaid actions by such Board of Directors has been amended, rescinded or modified. BlackRock, as sole stockholder of BlackRock Merger Sub, has adopted this Agreement in accordance with the DGCL.
Board of Directors Approvals. Notwithstanding anything contained in the Company's Restated Articles of Organization or its bylaws, for so long as Purchasers and the Permitted Transferees own, in the aggregate, at least the Required Interest, the following actions by the Company or any Company Subsidiary shall require the affirmative vote of at least one of the Purchaser Designees prior to the effectiveness or consummation of such action (provided that if Purchasers do not have a representative on the Board of Directors as a result of the failure of the Company to nominate any Purchaser Designee or failure of the shareholders of the Company to elect any Purchaser Designee, then such action shall require the approval of the Purchasers and Permitted Transferees holding a majority of the shares of Common Stock issued pursuant to this Agreement):
Board of Directors Approvals. This Agreement, the Related Agreements and the Transaction shall have been duly approved by the board of directors of Seller;
Board of Directors Approvals. (a) The Company shall have a board of directors composed of four directors (the “Board of Directors”). The Majority Class A Members shall be entitled to name two persons to act as directors and representatives of the Class A Members on the Board of Directors and the Majority Class B Members shall be entitled to name one person to act as director and as representative of the Class B Members on the Board of Directors. In addition, at such time as any Class B Member is not also a Class A Member (nor an Affiliate thereof), the Board of Directors shall have at least one director that is an Independent Director, provided that the Independent Director shall only be permitted to vote on the matters specified in Section 6.4(e)(xvii). Each director shall at all times be a “citizen of the United States” within the meaning of Section 2 of the Shipping Act of 1916. The initial Class A Member directors and the initial Class B Member director are listed on Schedule 6.4(a) hereto. All directors shall be natural persons. Each Director is a “manager” within the meaning of the LLC Act.
Board of Directors Approvals. The Board of Directors of Novastar shall have approved:
Board of Directors Approvals. As of the Closing Date, each Seller’s Board of Directors shall have authorized this Agreement and the transaction contemplated herein and therein and each Seller’s Secretary or Assistant Secretary shall have delivered to Buyer, within such time frame, a certified copy of the resolution of its Board of Directors to such effect.
Board of Directors Approvals. The Board of Directors of First shall have approved the issuance of additional shares of common stock of First pursuant to the exercise of the outstanding Warrants in accordance with the terms of the Warrant Agreement and subject to the conditions contained therein, the issuance of a new warrant to purchase additional common stock of First at an exercise price of $.30 per share issuable in accordance with the terms of the Warrant Agreement and subject to the conditions contained therein and the conversion of the outstanding 12% Senior Notes into shares of Common Stock.
Board of Directors Approvals. (a) The Company shall have a board of directors (the "Board of Directors") initially composed of three directors appointed by the Initial Class B Member. Prior to the Conversion of the Class A Note, the Class A Noteholder shall have the right from time to time to select, appoint and remove (with or without cause) two observers (each a "Board Observer") who shall be entitled to attend and observe (but not vote at) meetings of the Board of Directors as the representatives of the Class A Noteholder. On and after the Conversion of the Class A Note, the Board of Directors shall be composed of four directors, two of which shall be appointed by the Initial Class A Member and shall act as representatives of the Class A Members on the Board of Directors, and the other two of which shall be appointed by the Majority Class B Members and shall act as representatives of the Class B Members on the Board of Directors. Upon the occurrence of a Board Reduction Event (at any time following the Conversion of the Class A Note), the Majority Class A Members may, by delivering written notice of such election to the Class B Members, elect to reduce the number of directors acting as representatives of the Class B Members from two to one. Such reductions shall be effective upon receipt of such notice. In addition to the foregoing, the Board of Directors shall at all times have at least one director that is an Independent Director; provided that the Independent Director shall only be permitted to vote on the matters specified in Section 6.4(e)(xviii). All directors shall be natural persons. Each director is a "manager" within the meaning of the LLC Act. The initial directors, the Initial Board Observers and the initial Independent Director are listed on Schedule 6.4(a) hereto.
Board of Directors Approvals. The Board of Directors of the parties, as required, shall have approved the transactions contemplated by this Agreement.
