Common use of Votes Required Clause in Contracts

Votes Required. The Board of Directors of USXX has adopted resolutions approving the Charter Amendment and recommending the approval of such amendment to the USXX stockholders. Holders representing a majority of the Series A Stock have adopted resolutions approving the Charter Amendment, this Agreement and the transactions contemplated hereby. At the USXX Meeting(s), USXX will seek the approval by the holders of a majority of the outstanding shares of USXX Common Stock of the Charter Amendment and, if USXX in its sole discretion determines it is advisable, the Merger (collectively, the "USXX Stockholders' Approval") and, except as set forth in Section 4.18 of the USXX Disclosure Schedule, no other vote of the holders of any class or series of the capital stock of USXX is required to approve the Charter Amendment, this Agreement and the Merger.