Due Approval Sample Clauses
The Due Approval clause establishes that certain actions, decisions, or transactions within an agreement require formal consent or authorization from a designated party or governing body before they can proceed. In practice, this might mean that a company cannot enter into significant contracts, make large expenditures, or undertake specific projects without first obtaining written approval from its board of directors or another specified authority. This clause ensures oversight and control, preventing unauthorized commitments and reducing the risk of unilateral decisions that could negatively impact the parties involved.
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Due Approval. The execution and delivery of this Agreement by Seller and the performance of its covenants and obligations under it will be duly authorized by all necessary action by Seller and Buyer shall receive copies of all materials pertaining to that authorization, certified by Seller as true and correct.
Due Approval. The execution and delivery of this Agreement by Company and the performance of its covenants and obligations under it will be duly authorized by all necessary action by Company and Acquiring Corp. shall receive copies of all materials pertaining to that authorization, certified by an executive officer of Company as true and correct.