Approval of Subscribers Sample Clauses

The Approval of Subscribers clause establishes that the acceptance of new subscribers or members into an organization, fund, or agreement is subject to a formal approval process. Typically, this means that an existing governing body, such as a board of directors or general partner, must review and authorize each applicant before they are admitted. For example, in an investment fund, the general partner may have the discretion to approve or reject potential investors based on eligibility criteria or other considerations. This clause ensures that only suitable or qualified individuals or entities are allowed to participate, thereby protecting the interests of the existing group and maintaining compliance with relevant regulations or internal policies.
Approval of Subscribers. The Company, in its reasonable discretion, shall have approved the participation and amount of participation of any Subscribers who are either individuals that are non-United States citizens or are entities domiciled in any jurisdiction other than the United States.
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Approval of Subscribers. No offeree’s subscription may be accepted until the Designated Supervisor and the Company have reviewed such offeree’s Investor Questionnaire and Investor Application, have determined that such documents have been completed properly and have determined that there is a reasonable basis for belief that such offeree is an Accredited Investor and that such offeree meets any other applicable suitability standards. No sale of an Interest shall be regarded as effective unless and until a subscription for such Interest has been formally accepted by the Company.
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Approval of Subscribers. The Company shall have approved, which approval shall not be unreasonably withheld, each purchaser of the Units;
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Related to Approval of Subscribers

  • Approval of Listing At the Closing Time, the Securities shall have been approved for listing on the New York Stock Exchange, subject only to official notice of issuance.

  • State Approval of Replacement Personnel The Engineer may not replace the project manager or key personnel without prior consent of the State. The State must be satisfied that the new project manager or other key personnel is qualified to provide the authorized services. If the State determines that the new project manager or key personnel is not acceptable, the Engineer may not use that person in that capacity and shall replace him or her with one satisfactory to the State within forty-five (45) days.

  • Approval of Shareholders The Trust will call a special meeting of the Acquired Fund Shareholders to consider and act upon this Agreement and to take all other appropriate action necessary to obtain approval of the transactions contemplated herein.

  • Approval of Counsel The exercise of the Option and the issuance and delivery of shares of Class A Stock pursuant thereto shall be subject to approval by the Corporation's counsel of all legal matters in connection therewith, including, but not limited to, compliance with the requirements of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, and the requirements of any stock exchange upon which the Class A Stock may then be listed.

  • Approval of Holders Whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, Registrable Securities held by the Company or its affiliates (as such term is defined in Rule 405 under the Securities Act) (other than the Initial Purchasers or subsequent Holders of Registrable Securities if such subsequent Holders are deemed to be such affiliates solely by reason of their holdings of such Registrable Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage.