Actions Requiring Clause Samples
The 'Actions Requiring' clause defines specific actions or decisions that cannot be taken unilaterally and instead require approval from designated parties, such as a board of directors, shareholders, or both. In practice, this clause might list significant matters—like mergers, acquisitions, large expenditures, or amendments to key agreements—that need a formal vote or written consent before proceeding. Its core function is to ensure that critical decisions are made collectively, preventing any single party from acting independently on issues that could significantly impact the organization or agreement.
Actions Requiring the Approval of a Majority-in-Interest of the --------------------------------------------------------------- Members. ------- Notwithstanding anything to the contrary contained in this Agreement, any action with respect to the following matters shall require prior approval of a Majority-in-Interest of the Members:
(A) any amendment, modification or change to the authority and powers of the Management Committee as contemplated by Section 5 hereof,
(B) any sale, exchange, lease, transfer or other disposition of all or substantially all of the assets of the Company;
(C) any merger or consolidation of the Company with or into any other entity;
(D) any other matter requiring the approval of a Majority-in-Interest of the Members under any other provision of this Agreement; and
(E) the admission of a person as a substituted Member of the Company in accordance with Section 10.2.
Actions Requiring. THE APPROVAL OF A MAJORITY-IN-INTEREST OF THE MEMBERS....
Actions Requiring. Lead Borrower's Consent and further provided that no provision of any Article listed in Section 16.9(a) that (i) obligates any of the Agents to exercise reasonable, good faith discretion, or (ii) imposes liability on any Person for acting in a grossly negligent manner, in actual bad faith or willful misconduct, or (iii) imposes any confidentiality obligation under this Agreement on any Person, may be amended without the consent of the Lead Borrower.
Actions Requiring. SWINGLINE LENDER CONSENT No action, amendment, or waiver of compliance with, any provision of the Loan Documents or of this Agreement which affects the SwingLine Lender may be undertaken without the Consent of the SwingLine Lender.
Actions Requiring the Consent of the Holders of the Preferred ------------------------------------------------------------- Stock. As long as any shares of Preferred Stock remain outstanding, the consent ----- of the holders of at least a majority of the votes which holders of Preferred Stock are entitled to cast, given in person or by proxy, either in writing without a meeting or by vote at a meeting called for such purpose, shall be necessary for effecting or validating any amendment, alteration or repeal of any of the provisions of the Certificate of Incorporation or the By-Laws of the Corporation which (a) increases the number of authorized shares of any class of capital stock, (b) adversely affects the rights, preferences or powers of any class of Preferred Stock or of the holders thereof or (c) decreases the required time for the giving of any notice to which the holders of Preferred Stock may be entitled.
Actions Requiring. A Director Regular Vote 24
Actions Requiring. [75%] shareholder consent by law
Actions Requiring. MAJORITY VOTE3
Actions Requiring. CONSENT OF ALL BANKS of the Credit Agreement shall be deleted in its entirety and the following shall be substituted in lieu thereof:
Actions Requiring. OSTEX'S PRIOR WRITTEN CONSENT. Metrika shall not, without Ostex's prior written consent, which consent may be withheld at Ostex's sole discretion, manufacture or use any Critical Reagent to the extent such Critical Reagents are proprietary to Ostex.