Required MCC Approvals Sample Clauses

Required MCC Approvals. Each of the following transactions, agreements and documents will require MCC’s prior written approval: (a) any Disbursement and each Disbursement Request; (b) the Implementation Plan (including each element or component thereof), the Fiscal Accountability Plan and the M&E Plan, and any modification of any of the foregoing; (c) agreements between the Government and the Accountable Entity, and agreements in which any of the following are appointed, hired or otherwise engaged (each of the foregoing, a “Material Agreement”): (i) Auditor; (ii) Bank; (iii) a member of the Accountable Entity’s board of directors (including any observer) or any Officer of the Accountable Entity (including agreements regarding compensation for any such person); (d) any modification, termination or suspension of a Material Agreement, or any action that would have equivalent effect; (e) any agreement or transaction of the Accountable Entity that is not arm’s-length; (f) any pledge of any Grant funding or any Program Assets, or any incurrence of material indebtedness, or any guarantee, directly or indirectly of any indebtedness; (g) any decree, legislation, regulation, charter, contractual arrangement or other document establishing or governing (other than public laws of general application to all public institutions), or relating to the formation, organization or governance of, the Accountable Entity, and any amendment, supplement, modification, repeal or other alteration thereof or thereto (each, a “Governing Document”); (h) any disposition, in whole or in part, liquidation, dissolution, winding up, reorganization or other change of the Accountable Entity, including any revocation or modification of or supplement to any Governing Document related thereto; (i) any change in character or location of any Permitted Account; (i) any change of any member of the Accountable Entity’s board of directors, any observer, the chairperson of the board, the composition or size of the board or the filling of any vacant seat on the board, or the replacement of any observer; (ii) any change of any Officer of the Accountable Entity or in the composition or size of its management unit (other than positions that receive no Grant funding), and the filling of any vacant position of any Officer of the Accountable Entity; (k) any decision by the Accountable Entity to engage, accept or manage any funds in addition to the Grant (including from any donor agencies or organizations) prior to the Completion Date...
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Required MCC Approvals. Each of the following transactions, agreements and documents will require MCC’s prior written approval: (a) any Disbursement and each Disbursement Request; (b) the Implementation Plan (including each element or component thereof), the Fiscal Accountability Plan and the M&E Plan, and any modification of any of the foregoing; (c) agreements between the Government and the Accountable Entity, and agreements in which any of the following are appointed, hired or otherwise engaged (each of the foregoing, a “Material Agreement”): (i) Auditor; (ii) any staff of the Accountable Entity whose compensation is funded in whole or in part by the Grant (including agreements regarding compensation for any such person); (d) any modification, termination or suspension of a Material Agreement, or any action that would have equivalent effect; (e) any agreement or transaction of the Accountable Entity related to the Program that is not arm’s-length; (f) any pledge of any Grant funding or any Program Assets; (g) any change in character or location of any Permitted Account; (h) any agreement, transaction, decision or other action or document for which MCC approval is required under any of the Program Guidelines, including the MCC Program Procurement Guidelines; and (i) any decision to amend, supplement, replace, terminate or otherwise change any of the foregoing documents or arrangements.
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Related to Required MCC Approvals

  • Requisite Approvals Upon execution of this Agreement, it will have taken all necessary actions pursuant to its governing documents or other legally sufficient means to fully authorize the execution and delivery of this Agreement and any transaction documents related hereto, and the consummation of the transactions contemplated hereby and thereby.

  • Consents, Approvals, Etc No consent, approval, authorization, filing with or order of any court or governmental agency or body is required in connection with the transactions contemplated herein or in the Trust Agreement, the Warrant Agreement, the Securities Subscription Agreement, the Private Placement Warrants Purchase Agreement, the Registration Rights Agreement, or the Insider Letter, except for the registration under the Act and the Exchange Act of the Securities, and such as may be required under the state securities or blue sky laws of any jurisdiction in connection with the purchase and distribution of the Securities by the Underwriters in the manner contemplated herein and in the Registration Statement, Statutory Prospectus and the Prospectus.

  • Required Consents and Approvals The Administrative Agent shall be satisfied that (i) all required consents and approvals have been obtained with respect to the transactions contemplated hereby from all Governmental Authorities with jurisdiction over the business and activities of any Borrower or Parent and from any other entity whose consent or approval the Administrative Agent in its reasonable discretion deems necessary to the transactions contemplated hereby, and (ii) all such consents and approvals remain in full force and effect.

  • Required Governmental Approvals All governmental authorizations, consents and approvals necessary for the valid consummation of the transactions contemplated hereby shall have been obtained and shall be in full force and effect. All applicable governmental pre-acquisition filing, information furnishing and waiting period requirements shall have been met or such compliance shall have been waived by the governmental authority having authority to grant such waivers.

  • Required Approvals and Consents (a) All action required by law and otherwise to be taken by the directors and stockholders of the Parent to authorize the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby will have been duly and validly taken. (b) All Consents of or from all Authorities required hereunder to consummate the transactions contemplated herein, will have been delivered, made or obtained, and the Company will have received copies thereof.