Common use of Significant Actions Clause in Contracts

Significant Actions. Unless otherwise specifically permitted by Company policy, ▇▇▇▇▇▇▇▇ agrees not to undertake, or authorize any other employee of the Company to undertake, any of the following actions, except with the prior written consent of the Company's President, which consent may be withheld in the President's absolute discretion: (a) guarantee by the Company of any loans or indebtedness of any kind; (b) acquisition or disposition of stock, securities, properties, or material assets of any corporation, company, or other entity by the Company; (c) amendment, change, extension, renewal, waiver, or modification of any material agreement to which the Company, or its affiliates are or may be a party, or any rights or obligations of the parties under any of the foregoing; (d) change corporate purpose of the Company, or the Company's Articles of Incorporation, ByLaws, or other organizational documents; (e) sale, assignment, pledge, mortgage, encumbrance or other transfer affecting assets or real or personal property of the Company except in the ordinary course of business; (f) enter into any contract or commitment, or series of contracts or commitments, written or oral, which singularly or in the aggregate, requires the Company to expend or incur liability or debt in excess of the approved Company budgets for such expenditure; (g) compromise or settle any material claim asserted by or against the Company; (h) change the Company's certified public accountants, law firms, or other professionals currently retained or utilized by the Company; (i) change location of the principal office, or other facilities of the Company; (j) lend money on behalf of the Company; or (k) add a position or personnel function, hire an officer, or terminate Company employees without the prior consent of the President of the Company.

Significant Actions. Unless otherwise specifically permitted by Company or Bank policy, ▇▇▇▇▇▇▇▇ Dodson agrees not to undertake, or authorize any other employee of the ▇▇ ▇▇e Company or Bank to undertake, any of the following actions, except with the prior written consent of the Company's PresidentBoard (prior to becoming President and CEO of the Bank) or the written consent of the Bank Board (after becoming the Bank's President and CEO), which consent may be withheld in the Presidenteither Board's absolute discretion, or except as authorized by the Company's CEO in certain instances noted below: (a) guarantee by the Company or Bank of any loans or indebtedness of any kind; (b) acquisition or disposition of stock, securities, properties, or material assets of any corporation, company, or other entity by the CompanyCompany or Bank; (c) amendment, change, extension, renewal, waiver, or modification of any material agreement to which the Company, Bank or its their affiliates are or may be a party, or any rights or obligations of the parties under any of the foregoing; (d) change corporate purpose of the CompanyCompany or Bank, or the Company's or Bank's Articles of Incorporation, ByLawsBy Laws, or other organizational documents; (e) sale, assignment, pledge, mortgage, encumbrance or other transfer affecting assets or real or personal property of the Company or Bank except in the ordinary course of business; (f) enter into any contract or commitment, or series of contracts or commitments, written or oral, which singularly or in the aggregate, requires the Company or Bank to expend or incur liability or debt in excess of the approved Company or Bank budgets for such expenditure;. (g) compromise or settle any material claim asserted by or against the CompanyCompany or Bank; (h) change the Company's or Bank's certified public accountants, law firms, or other professionals currently retained or utilized by the CompanyCompany or Bank; (i) change location of the principal office, or other facilities of the CompanyCompany or Bank; (j) lend money on behalf of the CompanyCompany or Bank, except routine transactions in the ordinary course of business; or (k) add a position or personnel function, hire an officer, or terminate Company employees without the prior consent of the President of the Company's CEO.

Significant Actions. Unless otherwise specifically permitted by Company or Bank policy, ▇▇▇▇▇▇▇▇ agrees not to undertake, or authorize any other employee of the Company or Bank to undertake, any of the following actions, except with the prior written consent of the Company's PresidentBoard (prior to becoming President and CEO of the Bank) or the written consent of the Bank Board (after becoming the Bank's President and CEO), which consent may be withheld in the Presidenteither Board's absolute discretion, or except as authorized by the Company's CEO in certain instances noted below: (a) guarantee by the Company or Bank of any loans or indebtedness of any kind; (b) acquisition or disposition of stock, securities, properties, or material assets of any corporation, company, or other entity by the CompanyCompany or Bank; (c) amendment, change, extension, renewal, waiver, or modification of any material agreement to which the Company, Bank or its their affiliates are or may be a party, or any rights or obligations of the parties under any of the foregoing; (d) change corporate purpose of the CompanyCompany or Bank, or the Company's or Bank's Articles of Incorporation, ByLaws, or other organizational documents; (e) sale, assignment, pledge, mortgage, encumbrance or other transfer affecting assets or real or personal property of the Company or Bank except in the ordinary course of business; (f) enter into any contract or commitment, or series of contracts or commitments, written or oral, which singularly or in the aggregate, requires the Company or Bank to expend or incur liability or debt in excess of the approved Company or Bank budgets for such expenditure;. (g) compromise or settle any material claim asserted by or against the CompanyCompany or Bank; (h) change the Company's or Bank's certified public accountants, law firms, or other professionals currently retained or utilized by the CompanyCompany or Bank; (i) change location of the principal office, or other facilities of the CompanyCompany or Bank; (j) lend money on behalf of the CompanyCompany or Bank, except routine transactions in the ordinary course of business; or (k) add a position or personnel function, hire an officer, or terminate Company employees without the prior consent of the President of the Company's CEO.

Significant Actions. Unless otherwise specifically permitted by Company policy, ▇▇▇▇▇▇▇▇ Ridenour agrees not to undertake, or authorize any other employee of the Company ▇▇ ▇▇▇ ▇ompany to undertake, any of the following actions, except with the prior written consent of the Company's PresidentBoard, which consent may be withheld in the Presidenteither Board's absolute discretion, or except as authorized by the Company's CEO in certain instances noted below: (a) guarantee by the Company or Banks of any loans or indebtedness of any kind; (b) acquisition or disposition of stock, securities, properties, or material assets of any corporation, company, or other entity by the CompanyCompany or Banks; (c) amendment, change, extension, renewal, waiver, or modification of any material agreement to which the Company, Banks or its their affiliates are or may be a party, or any rights or obligations of the parties under any of the foregoing; (d) change corporate purpose of the CompanyCompany or Banks, or the Company's or Banks' Articles of Incorporation, ByLawsBy Laws, or other organizational documents; (e) sale, assignment, pledge, mortgage, encumbrance or other transfer affecting assets or real or personal property of the Company or Banks except in the ordinary course of business; (f) enter into any contract or commitment, or series of contracts or commitments, written or oral, which singularly or in the aggregate, requires the Company or Banks to expend or incur liability or debt in excess of the approved Company or Banks budgets for such expenditure;. (g) compromise or settle any material claim asserted by or against the CompanyCompany or Banks; (h) change the Company's or Banks' certified public accountants, law firms, or other professionals currently retained or utilized by the CompanyCompany or Banks; (i) change location of the principal office, or other facilities of the CompanyCompany or Banks; (j) lend money on behalf of the CompanyCompany or Banks, except routine transactions in the ordinary course of business; or (k) add a position or personnel function, hire an officer, or terminate Company employees without the prior consent of the President of the Company's CEO.

Significant Actions. Unless otherwise specifically permitted by Company or Bank policy, ▇▇▇▇▇▇▇▇ agrees not to undertake, or authorize any other employee of the Company or Bank to undertake, any of the following actions, except with the prior written consent of the CompanyBank's PresidentBoard or the Board's designee, which consent may be withheld in the PresidentBoard's absolute discretion, or as authorized by the Company's CEO in certain instances noted below: (a) guarantee by the Company or Bank of any loans or indebtedness of any kind; (b) acquisition or disposition of stock, securities, properties, or material assets of any corporation, company, or other entity by the CompanyCompany or Bank; (c) amendment, change, extension, renewal, waiver, or modification of any material agreement to which the Company, Bank or its their affiliates are or may be a party, or any rights or obligations of the parties under any of the foregoing; (d) change corporate purpose of the CompanyCompany or Bank, or the Company's or Bank's Articles of Incorporation, ByLaws, or other organizational documents; (e) sale, assignment, pledge, mortgage, encumbrance or other transfer affecting assets or real or personal property of the Company or Bank except in the ordinary course of business; (f) enter into any contract or commitment, or series of contracts or commitments, written or oral, which singularly or in the aggregate, requires the Company or Bank to expend or incur liability or debt in excess of the approved Company or Bank budgets for such expenditure;. (g) compromise or settle any material claim asserted by or against the CompanyCompany or Bank; (h) change the Company's or Bank's certified public accountants, law firms, or other professionals currently retained or utilized by the CompanyCompany or Bank; (i) change location of the principal office, or other facilities of the CompanyCompany or Bank; (j) lend money on behalf of the CompanyCompany or Bank, except routine transactions in the ordinary course of business; or (k) add a position or personnel function, hire an officer, or terminate Company employees without the prior consent of the President of the CompanyCompany CEO.

Significant Actions. Unless otherwise specifically permitted by Company or Bank policy, ▇▇▇▇▇▇▇▇▇ agrees not to undertake, or authorize any other employee of the Company or Bank to undertake, any of the following actions, except with the prior written consent of the Company's PresidentBoard (prior to becoming President and CEO of the Bank) or the written consent of the Bank Board (after becoming the Bank's President and CEO), which consent may be withheld in the Presidenteither Board's absolute discretion, or except as authorized by the Company's CEO in certain instances noted below: (a) guarantee by the Company or Bank of any loans or indebtedness of any kind; (b) acquisition or disposition of stock, securities, properties, or material assets of any corporation, company, or other entity by the CompanyCompany or Bank; (c) amendment, change, extension, renewal, waiver, or modification of any material agreement to which the Company, Bank or its their affiliates are or may be a party, or any rights or obligations of the parties under any of the foregoing; (d) change corporate purpose of the CompanyCompany or Bank, or the Company's or Bank's Articles of Incorporation, ByLaws, or other organizational documents; (e) sale, assignment, pledge, mortgage, encumbrance or other transfer affecting assets or real or personal property of the Company or Bank except in the ordinary course of business; (f) enter into any contract or commitment, or series of contracts or commitments, written or oral, which singularly or in the aggregate, requires the Company or Bank to expend or incur liability or debt in excess of the approved Company or Bank budgets for such expenditure;. (g) compromise or settle any material claim asserted by or against the CompanyCompany or Bank; (h) change the Company's or Bank's certified public accountants, law firms, or other professionals currently retained or utilized by the CompanyCompany or Bank; (i) change location of the principal office, or other facilities of the CompanyCompany or Bank; (j) lend money on behalf of the CompanyCompany or Bank, except routine transactions in the ordinary course of business; or (k) add a position or personnel function, hire an officer, or terminate Company employees without the prior consent of the President of the Company's CEO.