Requisite Corporate Action Clause Samples
The Requisite Corporate Action clause defines the necessary approvals or formal steps that a corporation must undertake to authorize a particular transaction or decision. Typically, this involves obtaining consent from the board of directors, shareholders, or other governing bodies as required by law or the company’s governing documents. For example, issuing new shares or entering into a merger agreement may require a board resolution or shareholder vote. This clause ensures that all corporate actions taken under the agreement are properly authorized, thereby reducing the risk of unauthorized or invalid transactions.
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Requisite Corporate Action. The execution and delivery of this Agreement have been authorized by all requisite corporate action by Valley, and no other corporate proceedings are necessary therefor.
Requisite Corporate Action. If Seller is a corporation of Limited Liability Company, Seller shall have taken or caused to be taken, in accordance with the provisions of applicable law, all requisite corporate action to authorize and approve the execution and delivery of this Agreement and the transactions contemplated hereby. Seller shall provide InReach with copies of such actions by Seller's Board of Directors and shareholders, certified by the Secretary of Seller.
Requisite Corporate Action. All requisite corporate action and proceedings in connection with this Agreement shall be satisfactory in form and substance to Bank, and Bank shall have received all information and copies of all documents, including, without limitation, records of requisite corporate action and proceedings which Bank may have requested in connection therewith, such documents where requested by Bank or its counsel to be certified by appropriate corporate officers or governmental authorities.
Requisite Corporate Action. Buyer has taken all action, corporate and otherwise, which may be required by its Articles of Organization and By-Laws, to permit the performance of this Agreement by Buyer in accordance with its terms.
Requisite Corporate Action. Seller has full power and authority to enter into, execute and deliver this Agreement. Seller has, or prior to the Closing will have, taken all action, corporate and otherwise, which may be required by its Articles of Incorporation and By-Laws, or by the laws of the State of Utah to permit the performance of this Agreement by Seller in accordance with its terms.