Specified Action Sample Clauses
The Specified Action clause defines particular actions that a party is required or permitted to take under the agreement. Typically, this clause outlines the exact steps, procedures, or behaviors that must be followed in certain situations, such as providing notice, delivering goods, or performing services according to agreed standards. By clearly identifying these required actions, the clause ensures both parties understand their obligations, reducing ambiguity and helping to prevent disputes over performance or compliance.
Specified Action. “Specified Action” shall mean any action taken by the Company or any member of the board of directors of the Company (other than discussions among the Acquired Corporations, Parent and their respective Representatives) from which a reasonable person would conclude that the board of directors of the Company does not unanimously support the Merger or does not unanimously believe that the Merger is fair to and in the best interests of the Company’s shareholders (it being understood that the mere public announcement of an Acquisition Proposal in accordance with applicable Legal Requirements shall not, in and of itself, constitute a Specified Action).
Specified Action. An action by the Servicer with respect to a Receivable or Account included in the Pool of Accounts, as applicable, and with respect to which the Servicer requires the consent of the Seller pursuant to the Intercompany Servicing Agreement. With respect to any Specified Action requiring consent under any Basic Document, the term “consent” with respect to such Specified Action shall mean any consent or other action required to be obtained or undertaken by the Seller or the Servicer, as applicable, with respect to such Specified Action pursuant to the Intercompany Servicing Agreement.
Specified Action. The Parties agree that the Specified Action shall be handled as provided in Section 8.20 of the Business Disclosure Schedule.