Common use of Procedure for Termination, Amendment, Extension or Waiver Clause in Contracts

Procedure for Termination, Amendment, Extension or Waiver. (a) A termination of this Agreement pursuant to Section 8.01, an amendment of this Agreement pursuant to Section 8.03 or an extension or waiver pursuant to Section 8.04 shall, in order to be effective, require in the case of Parent, Sub or the Company, action by its Board of Directors or the duly authorized designee of its Board of Directors; provided, that in the case of the Company and in the event the Offer has been consummated and the shares of Company Common Stock have been purchased pursuant thereto, such action shall also require action by a majority of the Independent Directors.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Forrester Research Inc), Agreement and Plan of Merger (National Vision Inc)

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Procedure for Termination, Amendment, Extension or Waiver. (a) A termination of this Agreement pursuant to Section 8.01, an amendment of this Agreement pursuant to Section 8.03 8.04 or an extension or waiver pursuant to Section 8.04 8.05 shall, in order to be effective, require in the case of Parent, Sub or the Company, action by its Board of Directors or the duly authorized designee of its Board of Directors; provided, that in the case of the Company and in the event the Offer has been consummated and the shares of Company Common Stock have been purchased pursuant thereto, such action shall also require action by a majority of the Independent Directors.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Yak Communications Inc), Agreement and Plan of Merger (Globalive Communications Corp.)

Procedure for Termination, Amendment, Extension or Waiver. (a) A termination of this Agreement pursuant to Section 8.01, an amendment of this Agreement pursuant to Section 8.03 or an extension or waiver pursuant to Section 8.04 shall, in order to be effective, require in the case of Parent, Sub or the Company, action by its Board of Directors or the duly authorized designee of its Board of Directors; provided, that in the case of the Company and in the event the Offer has been consummated and the shares of Company Common Stock have been purchased pursuant thereto, such action shall also require action by a majority of the Independent Directors.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Kagt Holdings Inc)

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Procedure for Termination, Amendment, Extension or Waiver. (a) A termination of this Agreement pursuant to Section 8.019.1, an amendment of this Agreement pursuant to Section 8.03 9.3 or an extension or waiver pursuant to Section 8.04 9.4 shall, in order to be effective, require in the case of Parent, Sub or the Company, action by its the Company Board of Directors or the duly authorized designee of its Board of Directorsthe Company Board; provided, that in the case of the Company, as of and after the date that Parent’s designees are appointed to the Company and in the event the Offer has been consummated and the shares of Company Common Stock have been purchased Board pursuant theretoto Section 1.4(a), such action shall also require action by a majority of the Independent DirectorsContinuing Directors as set forth in Section 1.5.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Asv Inc /Mn/)

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