Common use of Action or Approval Clause in Contracts

Action or Approval. This Agreement is subject to review and approval by the Consolidated Oversight Board to the Placer County Successor Agency and may be subject to review and approval by the California Department of Finance. Where action and/or approval by Seller is required under this Agreement, Seller’s Successor Agency Officer or designee may act on and/or approve such matter unless the Successor Agency Officer determines in the Successor Agency Officer’s discretion that such action or approval requires referral to Seller’s Placer County Successor Agency Board and/or the Consolidated Oversight Board to the Placer County Successor Agency for consideration.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement