Release Approval definition

Release Approval means the execution by Lineal and a majority in interest of the Series E Holders (including the Series F Holder) and the Series F Holder of the Release Approval attached hereto as Exhibit E.
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Release Approval means the written agreement executed by (a) a Majority Interest of the Series E Preferred Stock and the holder of the Series F Preferred Stock; and (b) the Parent, setting forth the disbursement of all or a portion of the Account Funds, as applicable, for Acquisitions. The Release Approval shall also set forth the structure of the Acquisition, including the ownership breakdown of any acquired entity, business or assets, between LSH and Parent (each an “Acquisition Structure”). For the sake of clarity, all of the terms of the Acquisitions and each Acquisition Structure shall be approved by (i) a Majority Interest of the Series E Preferred Stock and the holder of the Series F Preferred Stock; and (ii) the Parent.
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Examples of Release Approval in a sentence

  • All payments of any part of the Account Funds shall be made by wire transfer of immediately available funds as set forth in the Release Approval or Final Determination, as applicable.

  • Upon receipt of a Release Approval, or a Final Determination, as applicable, with respect to all or a portion of the Account Funds, the Parent shall promptly, but in any event within two (2) Business Days after the receipt of a Release Approval or Final Determination, disburse all or part of the Account Funds in accordance with such Release Approval or Final Determination.

  • Lineal and a majority in interest of the Preferred Stock holders shall deliver to each other a signed copy of the Release Approval.

  • Settlement Agreement and General Release Approval Order, as entered, with respect to any claims or actions that may be brought against them in order to support a defense based on principles of res judicata, collateral estoppel, claim or issue preclusion, release, good-faith settlement, judgment bar or reduction or any other similar defense.

Related to Release Approval

  • Pre-approval means written notification via a pre-approval letter to Customer that Ameren Illinois has reviewed Customer's Application and determined that the project meets the program eligibility requirements for a maximum pre-approved incentive amount if the project is completed by the estimated completion date and all final application paperwork is submitted and approved.

  • NDA Approval means the Approval of an NDA by the FDA for a Product in the U.S.

  • Requisite Approval means the affirmative vote of the holders of (a) at least a majority of the outstanding shares of Company Capital Stock, voting together as a single class and (b) at least a majority of the outstanding shares of Series A-1 Preferred Stock, Series B Preferred Stock and Series C Preferred Stock, voting together as a single class on an as-converted basis.

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • Price Approval means, in any country where a Governmental Authority authorizes reimbursement for, or approves or determines pricing for, pharmaceutical products, receipt (or, if required to make such authorization, approval or determination effective, publication) of such reimbursement authorization or pricing approval or determination (as the case may be).