Parent Approvals Clause Samples
The Parent Approvals clause requires that certain actions, decisions, or agreements involving a subsidiary or related entity must receive formal consent from the parent company before proceeding. In practice, this may apply to major transactions, changes in business strategy, or entering into significant contracts, ensuring that the parent company maintains oversight and control over key activities of its subsidiaries. The core function of this clause is to safeguard the parent company's interests by preventing unauthorized or potentially risky decisions at the subsidiary level.
Parent Approvals. (i) Any applicable waiting period under the HSR Act relating to the Merger shall have expired or been terminated and (ii) Parent and Merger Sub shall have obtained the other Parent Approvals except for those the failure of which to obtain would not reasonably be expected to have a Parent Material Adverse Effect.
Parent Approvals. Those Parent Approvals set forth in Section 6.3(c) of the Parent Disclosure Schedule shall have been obtained, delivered or made, as applicable, by the Company.
Parent Approvals. Parent has approved this Agreement, the Stock Exchange, and the transactions contemplated hereby. Parent shall obtain any additional approvals required by Nevada Law, its organizational documents, FINRA, the OTC Markets, and applicable securities Laws.
Parent Approvals. The principal terms of this Agreement and the Merger shall have been duly approved by the Required Parent Stockholder Vote.
Parent Approvals. On or before the date provided in Section 1.4 for the Closing to occur, Parent shall incorporate Newco and cause Newco to adopt this Agreement and approve the Purchase in accordance with the MBCA or other applicable law.