Internal Approval Sample Clauses
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Internal Approval. The shareholders’ meeting and the board of directors of the Target Company have adopted written resolution/decision to: (i) approve the execution and performance of the Transaction Documents and the Remaining Share Transaction Documents, and all shareholders have waived their right of first refusal, liquidation preference, co-sale right, veto right and any other rights which may affect the Acquisition Transaction, (ii) adopt a new articles of association of the Target Company to the satisfaction of the Purchaser, and (iii) remove the current legal representative, other directors, supervisors, managers, enterprise contact persons and chief financial officer of the Target Company except that the Founder ▇▇▇▇ ▇▇▇ will continue serving as a director of the Target Company (collectively the “Resigned Personnel Filed with AIC”) and elect new legal representative, other directors, supervisors, managers, enterprise contact persons and chief financial officer of the Target Company appointed by the Purchaser (collectively the “New Personnel Filed with AIC”), and (iv) approve cancellation of options and termination of all employee incentive plans.
Internal Approval. The necessary internal approvals, including without limitation to the approval of the investment committee of the Investor, have been duly obtained by the Investor.
Internal Approval. The Purchaser’s internal decision-making body has approved this Transaction.
Internal Approval. The Purchaser shall have obtained and performed all necessary external, internal and corporate approvals and checks under all applicable laws regarding the Transaction Documents, including but not limited to its investment committee approval, anti-money laundering checks and know-your-client checks, and such approvals remain valid and have not been revoked until Closing.
Internal Approval. This contract will be in full force and effect as of the date of signing unless, within twenty-one (21) days of signing date, either party is unable to obtain board of directors approval of the Agreement and all its terms. If either company’s board of directors failed to ratify the contract during the twenty-one (21) day period, the Agreement and all of its terms will be immediately terminated.
Internal Approval. The Seller’s internal decision-making body has approved this Transaction, i.e., the Seller’s board of directors has approved this Transaction.
Internal Approval. Notwithstanding anything in this Section 1, if any Technology that meets the definition set forth in subsection (i)(A) of the definition of “Transferred Technology” in Exhibit A of this Agreement cannot be transferred to the Purchaser because the Seller’s Storage System Division does not have the right to transfer such technology without the internal approval of another division of the Seller or an Affiliate of the Seller, the Seller may satisfy its obligations under this Section 1 by using its reasonable best efforts to procure the consent of the relevant division for such transfer and if it is not able to obtain such consent it shall use its reasonable best efforts to either otherwise obtain the benefit of such Transferred Technology for the Purchaser or to obtain and transfer to the Purchaser Technology which is substantially equivalent to such Transferred Technology.
Internal Approval. Such Investor shall have received internal approval and authorization for the transactions contemplated hereunder.
Internal Approval. The Purchaser provides evidence to the Sellers of having obtained the necessary approvals from its competent corporate bodies, as required under its bylaws or applicable law.
Internal Approval. The Purchaser shall have received the approval of its internal governance body for the consummation by the Purchaser and its Affiliates of the transactions contemplated hereby.