Approval and Ratification Sample Clauses
The Approval and Ratification clause establishes that certain actions, decisions, or agreements require formal acceptance by designated parties before they become effective or binding. In practice, this means that a contract, amendment, or significant business decision must be reviewed and officially approved—often by a board of directors, shareholders, or other authorized individuals—before it is implemented. This clause ensures that all major commitments are properly vetted and authorized, thereby preventing unauthorized actions and safeguarding the interests of the organization or parties involved.
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Approval and Ratification. This Liquidation Plan shall be deemed adopted by the WESAC Lenders and the stockholders of WESAC upon the execution and delivery of the Restructuring Agreement by (a) stockholders of WESAC (the "WESAC Stockholders") holding at least two thirds of the issued and outstanding shares of common stock of WESAC, and (b) WESAC Lenders holding two-thirds in amount and at least 50% in number of the outstanding claims against WESAC.
Approval and Ratification. If consensus is reached on those matters discussed, the agreement of the parties shall be reduced to writing and submitted to the Association. If approved as submitted, it shall be brought to the Board of Education for ratification. The agreement of the parties must be ratified in total by both parties; if not so ratified the parties will schedule a further discussion meeting within ten (10) days. Upon such approval the agreement shall be signed by both parties.
Approval and Ratification. This Agreement is subject to the approval and ratification by the appropriate City and State authorities, the Board of Trustees of The City University of New York, the Board of Trustees of IATSE Local One, and the CUNY employed membership of IATSE Local One.
Approval and Ratification. This Memorandum of Agreement is subject to approval by the Board of Trustees of The City University of New York and the membership of the Professional Staff Congress/CUNY and is subject to State and City funding guidelines and the costing analyses of The State of New York and The City of New York.
Approval and Ratification of the First Variation Agreement The First Variation Agreement is approved and ratified. [Section 3A inserted by No. 11 of 1979 s. 3.]
Approval and Ratification. The parties hereto acknowledge and affirm that, pursuant to RCW 39.34.030(2), all necessary and appropriate action by the governing bodies of the participating public agencies has been taken to ratify and enter this Agreement into force upon execution by the authorized representative of each party.
Approval and Ratification. This Agreement may be executed in counterparts, electronically or otherwise, which shall be fully binding upon the Parties.
Approval and Ratification. This Side Letter is subject to approval by the Court and ratification by the Union. The Union will make reasonable efforts to promptly ratify this Side Letter on or before Friday, Sept. 4, in order for the Court to timely begin the furlough. Should the Union fail to convey to the Court confirmation that it has ratified the Side Letter by close of business on Friday, Sept. 4, this entire Agreement is null and void.
Approval and Ratification. Of LLC Collaboration Agreement and ------------------------------------------------------------ Collateral Agreements; Commitment To Perform Obligations. Bayer and Exelixis, -------------------------------------------------------- as the intended initial Members, hereby approve and ratify, on behalf of the LLC, prospectively as of the Commencement Date, the execution and delivery by the Chief Executive Officer of the LLC, on behalf of the LLC, of, and the LLC's performance of its obligations under, the LLC Collaboration Agreement and such Collateral Agreements as are listed on Exhibit A attached hereto as existing at --------- the Commencement Date, and as they may exist from time to time during the term of the LLC. The Members and the LLC hereby agree and commit to performing their respective obligations under those of the LLC Collaboration Agreement and such Collateral Agreements as they may exist at the Effective Date, or the Commencement Date, or may thereafter exist, in each case to which the Member(s) and/or the LLC is a party or by which it is or they are bound.
Approval and Ratification. The parties agree to submit this Amended and Restated Agreement for approval and ratification by the respective Directors/Managers of each of the Parties as soon as practicable, but in any event not later than July 10, 2014.