Common use of Board Ratification Clause in Contracts

Board Ratification. On or prior to the Closing, Intek's Board of Directors shall have ratified and reaffirmed the actions and determinations of the Special Committee of the Board of Directors of Intek referenced in this Agreement, including, without limitation, (i) the determination that the transaction contemplated by this Agreement and the Securicor Agreement is advisable and in the best interests of Intek and its stockholders, (iii) the approval of this Agreement and the Securicor Agreement and, subject to the fulfillment or waiver at or prior to the Closing Date of the conditions set forth in Section 5.1 the transactions contemplated hereby and by the Securicor Agreement and (iii) all other action required to be taken to authorize the issuance of the additional shares of Common Stock and to submit for consideration by the stockholders of Intek an amendment of the certificate of incorporation of Intek to authorize additional shares of Common Stock.

Board Ratification. On or prior to the Closing, Intek's Board of Directors shall have ratified and reaffirmed the actions and determinations of the Special Committee of the Board of Directors of Intek referenced in this Agreement, including, without limitation, (i) the determination that the transaction contemplated by this Agreement and the Securicor Agreement is advisable and in the best interests of Intek and its stockholders, (iii) the approval of this Agreement and the Securicor Agreement and, subject to the fulfillment or waiver at or prior to the Closing Date of the conditions set forth in in Section 5.1 5.1, the transactions contemplated hereby and by the Securicor Agreement and (iii) all other action required to be taken to authorize the issuance of the additional shares of Common Stock and to submit for consideration by the stockholders of Intek an amendment of the certificate of incorporation of Intek to authorize additional shares of Common Stock.