Disposal Requiring Prior Approval Clause Samples

The "Disposal Requiring Prior Approval" clause establishes that a party must obtain consent from another party before selling, transferring, or otherwise disposing of certain assets or interests. In practice, this means that the owner cannot unilaterally dispose of key assets—such as property, equipment, or shares—without first securing written approval from the relevant counterparty. This clause is commonly used to maintain control over significant assets and prevent unauthorized or undesirable transfers, thereby protecting the interests of stakeholders and ensuring transparency in asset management.
Disposal Requiring Prior Approval. When SUBGRANTEE wishes to dispose of equipment having an original cost of more than $5,000, and which has a current per-unit, fair-market value of more than $5,000, SUBGRANTEE shall submit a written notification to the Authorized Representative or designee. OHCS reserves the right to refuse to consent to such disposal and the right to object to the timing of each disposition. Such disposition, if permitted, shall be done in a manner consistent with the property management standards for equipment of the OHCS from which the original funding was received. In the case of mixed funding sources, the most restrictive standards shall apply. Items of equipment with a current per-unit, fair-market value of $5,000 or less may be retained, sold, or otherwise disposed of upon written notification to the appropriate OHCS Program Coordinator with a copy to OHCS Financial Compliance Monitor with no further obligation. The OHCS Program Coordinator shall be notified of all title transfers, sales, and other methods of disposition. OHCS may review disposition records upon notification of the ORS 190 ENTITY.
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Disposal Requiring Prior Approval. When Grantee, or any of its subgrantees, wishes to dispose of equipment purchased using funds under this Agreement, having an original cost of more than $5,000, and which has a current pre-unit, fair-market value of more than $5,000, Grantee must submit a written notification to the appropriate Agency’s Program Coordinator with a copy to the Agency’s Financial Compliance Monitor. If Agency consents, Agency will provide instructions regarding the method of disposition. Agency reserves the right to refuse to consent to such disposal and the right to object to the timing of each disposition. Such disposition, if permitted, must be done in a manner consistent with the property management standards for equipment of the Agency from which the original funding was received. In the case of mixed funding sources, the most restrictive standards must apply.
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Disposal Requiring Prior Approval. When Subgrantee wishes to dispose of a fixed asset in which OHCS has a security or insurance interest or when Subgrantee or a subrecipient wishes to dispose of a fixed asset having an original cost of more than $5,000, Subgrantee shall submit a letter requesting OHCS’ consent to do so addressed to the Financial Operations Manager with a copy to the appropriate Program Coordinator. If OHCS consents, OHCS Program Coordinator will provide instructions regarding the method of disposition. OHCS reserves the right to refuse to consent to such disposal and the right to object to the timing of such disposition. Such disposition, if permitted, shall be done in a manner consistent with the property management standards for equipment of the agency from which the original funding was received. In the case of mixed funding sources, the most restrictive standards shall apply.
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Disposal Requiring Prior Approval. When TSA, or any of its subcontractors, wishes to dispose of equipment purchased using funds under the Tribal Grant Agreement, having an original cost of more than $5,000, and which has a current pre-unit, fair-market value of more than $5,000, TSA must submit a written notification to CHRO. If OHCS consents, OHCS will provide instructions regarding the method of disposition. OHCS reserves the right to refuse to consent to such disposal and the right to object to the timing of each disposition. Such disposition, if permitted, must be done in a manner consistent with the property management standards for equipment of the OHCS from which the original funding was received. In the case of mixed funding sources, the most restrictive standards must apply. Items of equipment with a current per-unit, fair-market value of $5,000 or less may be retained, sold, or otherwise disposed of upon written notification to the appropriate OHCS’s Program Coordinator with a copy to the OHCS’s Financial Compliance Monitor with no further obligation. OHCS’s Program Coordinator must be notified of all title transfers, sales, and other methods of disposition. OHCS may review disposition records upon notification of TSA.
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Disposal Requiring Prior Approval. When City, or its subrecipients, wishes to dispose of equipment having an original cost of more than $5,000, and which has a current per- unit, fair-market value of more than $5,000, City shall submit a written notification to the appropriate Agency’s Authorized Representative. If Agency consents, Agency will provide instructions regarding the method of disposition. Agency reserves the right to refuse to consent to such disposal and the right to object to the timing of each disposition. Such disposition, if permitted, shall be done in a manner consistent with the property management standards for equipment of the Agency from which the original funding was received. In the case of mixed funding sources, the most restrictive standards shall apply. 8.1.5.1 Items of equipment with a current per-unit, fair-market value of $5,000 or less may be retained, sold, or otherwise disposed of upon written notification to the appropriate Agency’s Authorized Representative with no further obligation. The Agency’s Authorized Representative shall be notified of all title transfers, sales, and other methods of disposition. Agency may review disposition records upon notification of City.
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Related to Disposal Requiring Prior Approval

  • Prior Approval Required Consultant shall not subcontract any portion of the work required by this Agreement, except as expressly stated herein, without prior written approval of City. Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Agreement.

  • Prior Approval The Engineer shall not assign, subcontract or transfer any portion of professional services related to the work under this contract without prior written approval from the State.

  • Approval Required This Agreement shall not become effective or binding until approved by the City of Meridian.

  • Vote/Approval Required No vote or consent of the holders of any class or series of capital stock of Parent is necessary to approve this Agreement or the Merger or the transactions contemplated hereby. The vote or consent of Parent as the sole stockholder of Merger Sub (which shall have occurred prior to the Effective Time) is the only vote or consent of the holders of any class or series of capital stock of Merger Sub necessary to approve this Agreement or the Merger or the transactions contemplated hereby.

  • No Consent or Approval Required No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental agency or body having jurisdiction over the Company or any of its Subsidiaries or any of their properties or assets is required for the issue and sale of the Shares, the execution, delivery and performance of this Agreement by the Company, the consummation of the transactions contemplated hereby, the application of the proceeds from the sale of the Shares as described under “Use of Proceeds” in the Registration Statement and the Prospectus, except for (i) the registration of the Shares under the Securities Act; (ii) such consents, approvals, authorizations, orders, filings, registrations or qualifications as may be required under the Exchange Act, and applicable state or foreign securities laws and/or the bylaws and rules of the Financial Industry Regulatory Authority (the “FINRA”) in connection with the sale of the Shares by the Agent; and (iii) the inclusion of the Shares on the Nasdaq Capital Market (the “Exchange”).