Common use of Procedure for Termination or Amendment Clause in Contracts

Procedure for Termination or Amendment. A party terminating this Agreement pursuant to Section 7.01 shall give written notice of such termination to the other parties hereto. A termination of this Agreement pursuant to Section 7.01 or an amendment of this Agreement pursuant to Section 7.04 shall, in order to be effective, require, in the case of Parent or the Company, action by its Board of Directors.

Appears in 2 contracts

Sources: Merger Agreement (Paxar Corp), Merger Agreement (Avery Dennison Corporation)