Common use of State Statutes Clause in Contracts

State Statutes. The Board of Directors of the Company has approved the terms of this Agreement and the Merger, and such approval is sufficient to render inapplicable the provisions of Part Thirteen of the Texas Business Corporation Act (the "TBCA") to the extent, if any, that such Section is applicable to the Merger, this Agreement and the transactions contemplated hereunder. To the knowledge of the Company (based on consultation with outside legal counsel), except for the DGCL and the TBCA, no other state takeover statute or similar statute or regulation applies or purports to apply to the Merger, this Agreement or the transactions contemplated hereunder.