Approval & Authorization. This Agreement and the other Transaction Documents to be executed and delivered by Purchaser, and the consummation of the transactions contemplated herein and therein, shall have been approved as fair and in the best interest of Purchaser and its stockholders and duly authorized by Purchaser’s board of directors and management as required by Purchaser’s governing instruments, which approvals may be withheld in Purchaser’s sole and absolute discretion.
Appears in 2 contracts
Sources: Stock and Asset Purchase Agreement (Empire Water CORP), Stock and Asset Purchase Agreement (Basin Water, Inc.)