Board Condition definition
Examples of Board Condition in a sentence
Subject to compliance with Section 1.4(b) and applicable Law, at least five Business Days prior to the Offer Closing, GFI shall provide Parent with written evidence reasonably satisfactory to Parent that each action to be taken by the GFI Board to satisfy the Board Condition pursuant to the prior sentence: (A) has been taken by the GFI Board, (B) shall be effective at the time required pursuant to the prior sentence and (C) is irrevocable except solely to the extent the Offer Closing does not occur.
Parent and Purchaser hereby acknowledge that, unless and until the Tender Offer Agreement shall be executed, there is no agreement, commitment, arrangement, undertaking, or understanding of any kind with GFI that the Board Condition shall be satisfied at the completion of BGC’s tender offer.
Subject to compliance with Section 1.4(b) and applicable Law, at least three Business Days prior to the Offer Closing, GFI shall provide BGCP with written evidence reasonably satisfactory to BGCP that each action to be taken by the GFI Board to satisfy the Board Condition pursuant to the prior sentence: (A) has been taken by the GFI Board, (B) shall be effective at the time required pursuant to the prior sentence and (C) is irrevocable except solely to the extent the Offer Closing does not occur.
Subject, in the case of Lessee, to the satisfaction of the Lessee’s Board Condition, and in the case of Lessor, to the Lessor’s Lender Condition, Lessor and Lessee each hereby represent and warrant that the individuals signing on its behalf are duly authorized to execute and deliver this Lease in their respective capacities, and that this Lease is binding upon the entity for which it has been executed.