Examples of Approval of the Board of Managers in a sentence
Amounts treated as advanced to any Member pursuant to this Section shall be repaid by such Member to the Company within thirty (30) days after the Board, acting by Approval of the Board of Managers, give notice to such Member making demand therefore.
The overall management and control of the business and affairs of the Company shall be vested in the Board of Managers, acting by Approval or Supermajority Approval of the Board of Managers as described below, but subject to the Member protections as set forth in Section 7.5 hereof.
Anything in this Agreement to the contrary notwithstanding, no Person who is an assignee or transferee of a Membership Interest shall be admitted to the Company as a substitute Member absent the Unanimous Approval of the Board of Managers.
If a Manager desires the Company to take or authorize any action that requires Approval of the Board of Managers, the Manager shall request that the Board of Managers take action with respect thereto by so notifying the Board of Managers and describing in such notification (i) the nature of the transaction or business and (ii) the proposed course of action recommended by the Manager.
Any Member may, with the Approval of the Board of Managers, loan funds to the Company.
This Performance Bond shall be governed by, and construed in accordance with the laws of the State of Maryland without regard to its conflict of laws provisions.
Any amendment to this Agreement or the Company's Articles of Organization shall require the Approval of the Board of Managers and the Members who own at least a majority of the then-outstanding Units.
If a Program Failure occurs for one or both Programs, upon Approval of the Board of Managers, Onconova may contribute additional assets to the Company to establish new programs (the “Replacement Programs”).
Any actions, decisions, consents, determinations or elections required or permitted to be made by the Board of Managers under this Agreement shall be made by an Approval of the Board of Managers.
No Class B Member, Class C Member, or Class D Member shall make any public announcement or filing with respect to the Company or its affairs or the transactions provided for herein without the Approval of the Board of Managers.