Enabling Action Sample Clauses
The Enabling Action clause authorizes a party to take specific actions or perform certain tasks under the agreement. Typically, this clause outlines the scope of permitted activities, such as granting a licensee the right to use intellectual property or allowing a contractor to access a worksite. By clearly defining what actions are allowed, the clause ensures both parties understand their rights and obligations, thereby preventing disputes over unauthorized conduct and facilitating smooth execution of the contract.
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Enabling Action. (a) If any amendment to the Articles and/or of the Bylaws of the Company, or any other action requiring the vote, consent or approval of the shareholders of the Company, is required in order to make permissible or lawful any of the purchases of its own Shares which the Company may be obligated or entitled to make in accordance with the terms of this Agreement, then the Employee Shareholders agree to vote all Employee Shares then held by them in favor of, or shall consent in writing to, such amendment or action, whether such amendment or action is voted upon or consented to at, prior to or after the time of such purchase or purchases by the Company.
(b) The foregoing agreement by the Employee Shareholders to vote their Employee Shares in a certain manner shall be deemed, in each instance, to include an agreement by each Employee Shareholder to use his best efforts to take all actions necessary to call, or cause the Company and the appropriate officers and directors of the Company to call, as promptly as practicable, a special meeting of the shareholders or to act by written consent.
(c) When any action is required to be taken by an Employee Shareholder pursuant to this Agreement, such Employee Shareholder shall take all steps necessary to implement such action, including calling a special meeting of shareholders or executing or causing to be executed one or more consents in writing in lieu of a meeting of the shareholders, in each case as promptly as practical.
Enabling Action. 13 10.2. Legend.....................................................13 10.3. Acknowledgement of Necessity of Restrictions...............14 10.4.
Enabling Action. (a) If any amendment to the Certificate and/or of the By-Laws of the Company, or any other action requiring the vote, consent or approval of the Stockholders, is required in order to make permissible or lawful any of the purchases of its own Shares which the Company may be obligated or entitled to make in accordance with the terms of this Agreement, then such Initial Stockholder shall vote all Shares of the Company at the time held by him in favor of, or shall consent in writing to, such amendment or action, whether such amendment or action is voted upon or consented to at, prior to or after the time of such purchase or purchases by the Company.
(b) Any agreement by such Initial Stockholder herein to vote its Shares in a certain manner shall be deemed, in each instance, to include an agreement by such Initial Stockholder to use its best efforts to take all actions necessary to call, or cause the Company and the appropriate officers and directors of the Company to call, as promptly as practicable, a special meeting of Stockholders or to act by written consent.
(c) When any action is required to be taken by such Initial Stockholder pursuant to this Agreement, such Initial Stockholder shall take all steps necessary to implement such action, including calling a special meeting of Stockholders or executing or causing to be executed, one or more consents in writing in lieu of a meeting of the Stockholders pursuant to Section 228 of the DGCL, in each case as promptly as practical.