Common use of Termination of Merger Clause in Contracts

Termination of Merger. This merger may be abandoned at any time prior to the filing of Articles of Merger with the Secretary of State, upon a vote of a majority of the Board of Directors of both Metaline and HuntMountain. If the merger is terminated, there shall be no liability on the part of either company, their respective Boards of Directors, or shareholders.

Appears in 3 contracts

Samples: Plan of Merger (Metaline Mining & Leasing Co), Plan of Merger (Metaline Mining & Leasing Co), Plan of Merger (Metaline Mining & Leasing Co)

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Termination of Merger. This merger may be abandoned at any time prior to the filing of Articles of Merger with the Secretary of State, upon a vote of a majority of the Board of Directors of both Metaline Gold Bond and HuntMountainEnerTeck. If the merger is terminated, there shall be no liability on the part of either companyConstituent Corporation, their respective Boards of Directors, or shareholders.

Appears in 1 contract

Samples: Plan of Merger (Enertek Chemical Corp)

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Termination of Merger. This merger may be abandoned at any time prior to the filing of Articles of Merger with the Secretary of State, upon a vote of a majority of the Board of Directors of both Metaline Gold Bond and HuntMountainEnerTeck . If the merger is terminated, there shall be no liability on the part of either companyConstituent Corporation, their respective Boards of Directors, or shareholders.

Appears in 1 contract

Samples: Plan of Merger (Gold Bond Resources Inc)

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