Common use of Board Action Clause in Contracts

Board Action. The Board of Directors of Issuer has approved this Agreement and the consummation of the transactions contemplated hereby as required under Section 203 of the DGCL and, to its knowledge, any other applicable state takeover laws so that any such state takeover laws do not and will not apply to this Agreement or any of the transactions contemplated hereby (including the purchase of shares of Issuer Common Stock pursuant to the Option).

Appears in 8 contracts

Samples: Stock Option Agreement (J P Morgan Chase & Co), Stock Option Agreement (J P Morgan Chase & Co), Agreement and Plan of Merger (FCStone Group, Inc.)

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Board Action. The Board of Directors of Issuer has approved this Agreement and the consummation of the transactions contemplated hereby as required under Section 203 of the DGCL and, to its knowledge, and any other applicable state takeover laws so that any such state takeover laws do not and will not apply to this Agreement or any of the transactions contemplated hereby (including the purchase of shares of Issuer Common Stock pursuant to the Optionthis Agreement).

Appears in 2 contracts

Samples: Stock Option Agreement (Nac Re Corp), Stock Option Agreement (Exel LTD)

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Board Action. The Board of Directors of Issuer has approved this Agreement and the consummation of the transactions contemplated hereby as required under Section 203 of the DGCL and, to its knowledge, and any other applicable state takeover laws so that any such state takeover laws do not and or will not apply to this Agreement or any of the transactions contemplated hereby (including the purchase of shares of Issuer Common Stock pursuant to the Optionthis Agreement).

Appears in 1 contract

Samples: Stock Option Agreement (Chase Manhattan Corp /De/)

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