Buyer Approval Clause Samples
The Buyer Approval clause establishes that certain actions, decisions, or transactions within an agreement require the explicit consent or authorization of the buyer before proceeding. In practice, this may apply to situations such as approving changes to project specifications, selecting subcontractors, or consenting to budget adjustments. By requiring the buyer's approval, this clause ensures that the buyer maintains control over key aspects of the agreement, thereby reducing the risk of unwanted changes and promoting transparency between the parties.
Buyer Approval. After the date which is three (3) business days prior to the expiration of the Inspection Period, Seller shall not, without the written consent of Buyer, which consent may not be unreasonably withheld, (i) execute any lease amendment to any Lease, unless required by the terms of the Lease, or (ii) enter into any new lease or cancel or terminate any Lease. If Seller amends any Lease or enters into any new lease or cancels or terminates any Lease during the Inspection Period, Seller will promptly (and in any event prior to the expiration of the Inspection Period) notify Buyer with a copy of the relevant document.
Buyer Approval approved by a Buyer Entity in writing, such approval not to be unreasonably withheld or delayed.
Buyer Approval. Buyer (and its Affiliate, Red White and Bloom, Inc.) shall have received approval of the transactions contemplated by this Agreement, the Merger Agreement and all of the related transaction documents from the shareholders and applicable governing body of Buyer (and RWB, following consummation of the RTO), if applicable.
Buyer Approval. Seller may submit its drawings to Buyer to confirm the scope of work and overall dimensions. In such circumstances, ▇▇▇▇▇ is required to provide all necessary information for Seller to complete its scope of work, including accurate measurements and interferences with other equipment, piping and wiring. Delivery dates are contingent upon prompt receipt of Buyer information and Buyer approval of drawings. Changes required after approval of drawings will be at ▇▇▇▇▇’s expense, whether due to changes in the scope of work or due to inaccuracies in the information supplied by Buyer.
Buyer Approval. Seller shall not, without the written consent of Buyer, which consent shall not be unreasonably withheld prior to the expiration of the Inspection Period, but which consent may be withheld in Buyer’s sole discretion thereafter, (i) effect any material modification to any Lease, (ii) renew or extend the term of any Lease except pursuant to the terms of an existing Lease, or (iii) enter into any new Lease or cancel or terminate any Lease.
Buyer Approval. This Agreement and the Transactions to which it is a party shall have been approved by all requisite action of the Board of Directors of the Buyer.
Buyer Approval. If requested by Seller, Buyer will give its written approval of the Equipment after installation or delivery, but in any event, the Equipment shall be deemed approved by Buyer unless Buyer notifies Seller in writing, by registered mail, at Seller’s office within ten days after delivery of the Equipment to Buyer, or if installation is specifically called for by this contract, then within ten (10) days after start‐up, that the Equipment fails to meet the Requirements of this contract specifying the failings. If Buyer notifies Seller that it does not approve of the Equipment, Seller shall then have reasonable time to make necessary repairs and adjustments. If Equipment then fails to fulfill the Requirements herein specified, Seller may, at its sole option, remove the Equipment upon refunding all moneys paid therefore and thereafter no liability whatever shall exist in favor of either party as against the other and this Agreement shall thereupon be terminated.
Buyer Approval. Seller may change any Lease, renew or extend the -------------- term of any Lease and enter into any new Lease on commercially reasonable terms and conditions consistent with the existing Leases until ten (10) days prior to Closing. Seller shall keep Buyer informed as to any lease negotiations and shall immediately supply Buyer with a complete copy of the same upon execution. Within the ten (10) days prior to Closing, Seller shall not, without the written consent of Buyer, which consent shall not be unreasonably withheld, (i) effect any material change in any Lease; (ii) renew or extend the term of any Lease, unless the same is an extension or expansion permitted pursuant to the terms of an existing Lease; or (iii) enter into any new Lease or cancel or terminate any Lease. When seeking consent to a new or modified Lease, Seller shall provide notice of the identity of the tenant, a term sheet, letter of intent or copy of the proposed new lease or modification to Lease, containing material business terms and whatever financial credit and background information, if any, Seller then possesses with respect to such tenant. Buyer shall have deemed to have consented to any proposed Lease or Lease modification if it has not responded to Seller within five (5) days after receipt of such information. Upon Buyer's approval or deemed approval, Seller shall be entitled to enter into the Lease provided to Buyer, or if no lease was provided to Buyer, on the Property's standard lease form, without material change other than changes customarily made to leases to other comparable tenants of the Property.
Buyer Approval. On or before the later of (a) the date which is fifteen (15) days of Buyer’s receipt of the last of the Title Documents, or (b) one (1) business day prior to the Contingency Date, Buyer shall advise Seller and the Title Company of its approval or disapproval of the condition of title reflected in the Title Documents (the “Title Notice”). Buyer’s failure to give Seller and the Title Company timely Title Notice shall be deemed approval by Buyer of the condition of title. Notwithstanding the foregoing, Buyer hereby objects to (i) all liens evidencing monetary encumbrances (other than liens for non-delinquent general real property taxes, including any special taxes or assessments collected therewith which cannot be paid off, but specifically excluding any special taxes or assessments collected therewith which may be paid off), and (ii) all standard nonspecific exceptions to the title to the Property, and Seller hereby agrees to cause all such liens and standard nonspecific exceptions to be eliminated as exceptions to title and from the Title Policy prior to the Closing Date at Seller’s expense. If Buyer timely notifies Seller of its disapproval of the condition of title of the Property, and Seller notifies Buyer in writing, on or before the expiration of the Contingency Date, that it is unable or unwilling to cure any or all matters disapproved by Buyer (or if Seller fails to deliver such notice, in which event, Seller shall be deemed to have elected not to cure any such matters), Buyer may either elect to waive Buyer’s disapprovals by delivering written notice to Seller and Title Company or to terminate this Agreement, on or before the expiration of the Contingency Date, in which event Escrow shall be canceled and the Deposit (together with all interest accrued thereon) shall be returned to Buyer. Upon the Close of Escrow, Seller shall convey fee simple title to the Project to Buyer by the Deed (as defined below in Section 7.2.1), subject only to the following matters (“Approved Title Conditions”): (A) a lien for non-delinquent general real property taxes, including any special taxes or assessments collected therewith which cannot be paid off, but specifically excluding any special taxes or assessments collected therewith which may be paid off, prorated in accordance with the provisions of this Agreement; (B) matters of title respecting the Project approved or waived by Buyer in accordance with this Section 4.1.2; and (C) matters affecting the condition of ti...
Buyer Approval. Seller may not make any engineering change to a -------------- Product sold to Buyer affecting form, fit, function, reliability, serviceability, performance, functional interchangeability or interface capability without obtaining Buyer's written approval at least 120 (or 30 with respect to changes required for safety or regulatory reasons) calendar days before the change is implemented, which approval shall not be unreasonably withheld or delayed.