Approval of the Board Sample Clauses

Approval of the Board. The twenty-fifth meeting of the eleventh session of the Board has considered and approved the Resolution on the Entering into of the Comprehensive Financial Services Cooperation Agreement with China Datang Group Capital Holding Co., Ltd., details of which were set out in the overseas regulatory announcement of the Company dated 1 March 2024. None of the Directors has any material interest in the 2024 Comprehensive Financial Services Cooperation Agreement. Mr. ▇▇▇▇ ▇▇▇▇▇▇, Mr. ▇▇ ▇▇▇▇▇▇ and Mr. ▇▇▇▇ ▇▇▇, the connected Directors, have abstained from voting on the relevant resolution in accordance with the requirements of the listing rules of the Shanghai Stock Exchange.

Approval of the Board. Subject to Section 2.2 but notwithstanding any other provision of this Agreement, all material transactions, matters or proposals concerning the Corporation shall first be referred to and authorized by consensus (failing which by simple majority approval) of the Board, including the following:‌ (a) an annual business plan and budget for the Corporation, to be prepared by management of the Corporation and submitted to the Board for consideration in advance of each Fiscal Year; (b) a quarterly update to the annual business plan and budget approved in accordance with paragraph 7.1(a) above in respect of each next following fiscal quarter of the Corporation, to be prepared by management of the Corporation and submitted to the Board for consideration prior to the commencement of each quarter; (c) the entering into of any operating line of credit or incurring any other indebtedness by the Corporation for borrowed funds, and any guarantee of any material indebtedness, liability or obligation of any other Person; (d) any agreement, commitment or arrangement pursuant to which the Corporation makes, agrees to make or may be obligated to make, any loan, or advance in the nature of a loan, to any other Person; (e) any decision to permit or create any security interest or encumbrance on any property or assets of the Corporation (other than a security interest given or created in equipment acquired by the Corporation in the ordinary course of the Business to secure payment of all or part of its price); (f) the incorporation of any subsidiary, the acquisition or disposition of any interest in any securities of any person, or the establishment or closing of any office of the Corporation (other than acquisitions and dispositions of investment grade term deposits or money market securities having a term to maturity of less than one year); (g) any individual or related capital or other material expenditures by the Corporation in excess of $10,000 (other than for equipment acquired by the Corporation in the ordinary course of the Business) unless such expenditure has been approved in accordance with a business plan and budget approved in accordance with this Section; (h) the acquisition or disposition of any interest in land involving the receipt or expenditure of more than $10,000 in any year; (i) the disposition of any of the assets of the Corporation having a fair market value exceeding $10,000, or the granting of an option or other right in respect thereof unless such a tr...

Approval of the Board. The Board of the Directors of the --------------------- Company have approved the Purchaser (or any person controlling, controlled by or under common control with Purchaser, including any person of which the Purchaser owns, directly or indirectly, at least 50% of the ownership interest) becoming an interested stockholder for purposes of Section 203 of the General Corporation Law of the State of Delaware.

Approval of the Board. Notwithstanding the foregoing, the Adviser may not take any action on behalf of the Company without the prior approval of the Board or duly authorized committees thereof if the Charter or Maryland General Corporation Law require the prior approval of the Board. If the Board or a committee of the Board must approve a proposed investment, financing or disposition or chooses to do so, the Adviser will deliver to the Board or committee, as applicable, all documents required by it to evaluate such investment, financing or disposition.

Approval of the Board. The thirty-first meeting of the tenth session of the Board has considered and approved the “Resolution on the Entering into of Financial Business Cooperation Agreement with Datang Finance Leasing Company Limited”, details of which were set out in the overseas regulatory announcement of the Company dated 27 May 2022. None of the Directors has any material interest in the 2022 Financial Business Cooperation Agreement. Mr. ▇▇▇▇ ▇▇▇▇▇▇, ▇▇. ▇▇ ▇▇▇ and ▇▇. ▇▇▇ ▇▇▇▇▇▇▇▇, the connected Directors, have abstained from voting on the relevant resolution in accordance with the requirements of the listing rules of the Shanghai Stock Exchange.

Approval of the Board. The twenty-second meeting of the tenth session of the Board of the Company has considered and approved the “Resolution on the Entering Into of the Comprehensive Product and Service Framework Agreement for 2022-2024 with China Datang Corporation Ltd.” (please refer to the overseas regulatory announcement of the Company dated 30 August 2021 for details). None of the Directors has any material interest in the 2021 Comprehensive Product and Service Framework Agreement. ▇▇ ▇▇, the connected Director, has abstained from voting on the relevant resolution in accordance with the requirements of the listing rules of the Shanghai Stock Exchange.

Approval of the Board. Any action which would otherwise require approval by the members pursuant to the Act shall require only approval of the Board. All rights which would otherwise vest to the members under the Act shall vest in the Board.

Approval of the Board. The Board of Directors of CCI has, by resolutions duly adopted at a meeting duly called and held, unanimously approved and adopted this Agreement and the transactions contemplated hereby on the terms and conditions set forth herein.

Approval of the Board. As at the date of this announcement, as ▇▇. ▇▇▇▇ ▇▇▇, the non-executive Director, also holds the position of director at Hubei Port (Hong Kong), she is considered by the Board to have a material interest in the transactions contemplated under each of the Comprehensive Port Logistics Services Framework Agreements and has abstained from voting on the Board resolutions approving the entering into of the Comprehensive Port Logistics Services Framework Agreement. Saved as disclosed above, none of the other Directors has a material interest in the transactions contemplated under the Comprehensive Port Logistics Services Framework Agreements and is required to abstain from voting on the Board resolutions approving the entering into of the Comprehensive Port Logistics Services Framework Agreements and the transactions contemplated thereunder. The Company is an investment holding company incorporated in the Cayman Islands with limited liability. The principal activities of the Group are investment in and development, operation and management of containers and other ports, and the provision of port related, logistics and other services, including integrated logistics, port and warehouse leasing and supply chain management and trading business, which are mainly conducted through various ports, including the WIT Port (武漢陽邏港), the Multi-Purpose Port (通用港口), the ▇▇▇▇▇▇ Port (漢南港) and the Shipai Port (石牌港), all located in the Yangtze River Basin in Hubei Province, the PRC. Hubei Port is the holding company of Hubei Port (Hong Kong) (the controlling shareholder of the Company) incorporated in the PRC with limited liability and is ultimately controlled by the State-owned Assets Supervision and Administration Commission of the Wuhan Municipal People’s Government* (武漢市人民政 府國有資產監督管理委員會). Hubei Port is principally engaged in the investment in and construction of infrastructures and the operation of ports, as well as the provision of other services including integrated logistics and supply chain management.