IPO Approval Sample Clauses

IPO Approval. If the Board approves an initial Qualified Public Offering with respect to the LLC, each Unitholder (and each Person that retains voting control of any Units Transferred to a Permitted Transferee) hereby consents to such Qualified Public Offering and shall vote for (to the extent it has any voting right) and raise no objections against such Qualified Public Offering, and each Unitholder shall take all reasonable actions in connection with the consummation of such initial Qualified Public Offering as determined by the Board.
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IPO Approval. The Board may at any time approve an IPO by NGR Management or by New Gulf or by any of their respective Subsidiaries. In the event of a planned IPO by NGR Management or a Subsidiary, NGR Management shall convert all (or the appropriate portion) of the Membership Interests then held by Members into an economically equivalent number of shares of the common stock of NGR Management, New Gulf or their applicable Subsidiary effecting such IPO (the “Common Stock”). If the Board approves an IPO of NGR Management, New Gulf or any of their Subsidiaries, each Member hereby consents to such IPO and shall vote for (to the extent it has any voting right) and raise no objections against such IPO, and each Member shall take all reasonable actions in connection with the consummation of such IPO as requested by the Board.
Sample 1
IPO Approval. Subject to Section 9.8(b)(i), if the Board approves an initial Public Offering with respect to the Company or any of its Affiliates, or otherwise approves the conversion of the Company from a limited liability company to a corporation or other limited liability entity or approves a recapitalization or restructuring of the equity of the Company (whether or not in connection with an initial Public Offering and including creating a limited liability company parent), then each Member and Unitholder (and each Person that retains voting control of any Units Transferred to a Permitted Transferee) hereby consents to such Public Offering, conversion, recapitalization or restructuring and shall vote for (to the extent it has any voting rights) and raise no objections against such Public Offering, conversion, recapitalization or restructuring, and each Member and Unitholder shall take all reasonable actions in connection with the consummation of such Public Offering, conversion, recapitalization or restructuring as determined by the Board.
Sample 1

Related to IPO Approval

  • No Approval By the Company or Parent, if its Board of Directors so determines by a vote of a majority of the members of its entire Board, in the event the approval of any Governmental Authority required for consummation of the Merger and the other transactions contemplated by this Agreement shall have been denied by final nonappealable action of such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

  • NASDAQ Approval The Company shall have filed with Nasdaq a Notification Form: Listing of Additional Shares for the listing of the Shares.

  • Approval This Agreement shall not be binding until it has been approved by the Committee during a duly noticed Committee meeting.

  • Director Approval The Board of Directors of Holdings shall have approved this Agreement and the transactions contemplated herein.

  • HSR Approval The applicable waiting period under the HSR Act shall have expired or been terminated.

  • FCC Approval Notwithstanding anything to the contrary contained in this Agreement or in the other Loan Documents, neither the Administrative Agent nor any Lender will take any action pursuant to this Agreement or any of the other Loan Documents, which would constitute or result in a change in control of the Borrower or any of its Subsidiaries requiring the prior approval of the FCC without first obtaining such prior approval of the FCC. After the occurrence of an Event of Default, the Borrower shall take or cause to be taken any action which the Administrative Agent may reasonably request in order to obtain from the FCC such approval as may be necessary to enable the Administrative Agent to exercise and enjoy the full rights and benefits granted to the Administrative Agent, for the benefit of the Lenders by this Agreement or any of the other Loan Documents, including, at the Borrower’s cost and expense, the use of the Borrower’s best efforts to assist in obtaining such approval for any action or transaction contemplated by this Agreement or any of the other Loan Documents for which such approval is required by Law.

  • Member Approval The “vote” or “approval” of the Members shall mean approval by a majority percentage of Membership Interest. Members shall vote or approve by their percentage interest as shown on Exhibit A of this Agreement. No annual or regular meetings of the Members are required. However, if such meetings are held, such meetings shall be noticed, held and conducted pursuant to the Act.

  • No Approvals No consent or authorization of, filing with, notice to or other act by, or in respect of, any Governmental Authority or any other Person is required in order for the Borrower to execute, deliver, or perform any of its obligations under this Note.

  • Board Approval No reimbursement shall be paid to the Investment Adviser pursuant to this provision in any fiscal year, unless the Trust's Board of Trustees has determined that the payment of such reimbursement is appropriate in light of the terms of this Agreement. The Trust's Board of Trustees shall determine quarterly in advance whether any portion of the Reimbursement Amount may be paid to the Investment Adviser in such quarter.

  • Requisite Stockholder Approval The Requisite Stockholder Approval shall have been obtained.

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