Common use of ACQUIREE Clause in Contracts

ACQUIREE. (i) The Board of Directors of Acquiree, at a meeting held on December 11, 1997, adopted a resolution which declared that the Merger was advisable on substantially the terms and conditions set forth or referred to in the resolution and directed that the Merger be submitted for consideration at a special meeting of the stockholders of Acquiree. (ii) The Merger was approved in accordance with the charter of Acquiree and the GCL by the sole stockholder of Acquiree on December 31, 1997 without a meeting of stockholders, and a written consent which sets forth the action of approving the Merger and is signed by the sole stockholder has been filed with Acquiree's records of stockholders meetings.