Common use of Necessary Corporate Action Clause in Contracts

Necessary Corporate Action. Purchaser shall have received and inspected confirmation that all necessary corporate action on the part of the Company and each of the Sellers has been fully completed; including, but not limited to, the inspection of all consents or actions of the Board of Directors and shareholders of the Company relating to the transactions contemplated by the Transaction Documents.

Appears in 1 contract

Sources: Stock Purchase Agreement (Avatar Systems Inc)

Necessary Corporate Action. Purchaser The Sellers shall have received and inspected confirmation that all necessary corporate action on the part of the Company and each of the Sellers Purchaser has been fully completed; including, but not limited to, the inspection of all consents or actions of the Board of Directors and shareholders of the Company Purchaser relating to the transactions contemplated by the Transaction Documents.

Appears in 1 contract

Sources: Stock Purchase Agreement (Avatar Systems Inc)