Common use of Reserved Supervisory Board matters Clause in Contracts

Reserved Supervisory Board matters. The Company shall not, and shall procure that its Subsidiaries shall not, take any action or decision to proceed with any of the matters in relation to the Group which in accordance with the Articles of Association and article 2:274 BW, require the approval of the Supervisory Board (which is as the date of this Agreement specified in article [16.9] of the Articles of Association).

Reserved Supervisory Board matters. ‌ The Company shall not, and shall procure that its Subsidiaries shall not, take any action or decision to proceed with any of the matters in relation to the Group which in accordance with the Articles of Association and article 2:274 BW, require the approval of the Supervisory Board (which is as the date of this Agreement specified in article [16.9] of the Articles of Association).. 9 COLLABORATION AND BUDGET‌