Common use of Approval by Parent Clause in Contracts

Approval by Parent. Promptly following the execution and delivery of this Agreement by the Parties hereto, (a) Parent, as sole stockholder of Merger Sub 1, shall adopt this Agreement and approve the First Merger, in accordance with the DGCL, by written consent and (b) Parent, as sole member of Merger Sub 2, shall adopt this Agreement and approve the Second Merger, in accordance with the DLLCA, by written consent, which written consents shall be provided to the Company.

Appears in 2 contracts

Sources: Merger Agreement (St Jude Medical Inc), Merger Agreement (Abbott Laboratories)