Common use of Procedure for Merger, Consolidation or Conversion Clause in Contracts

Procedure for Merger, Consolidation or Conversion. (a) The merger, consolidation or conversion of the Company pursuant to this Article XIII requires the prior approval of a majority of the Board and compliance with Section 13.3. (b) If the Board shall determine to consent to a merger or consolidation, the Board shall approve the Merger Agreement, which shall set forth:

Procedure for Merger, Consolidation or Conversion. (a) The merger, consolidation or conversion of the Company pursuant to this Article XIII 13 requires the prior approval of a majority of the Board and compliance with Section 13.3.. set forth: (b) If the Board shall determine to consent to a merger or consolidation, the Board shall approve the Merger Agreement, which shall set forth:(i) the names and jurisdictions of formation or organization of each of the business entities proposing to merge or consolidate;