Common use of Written Action Clause in Contracts

Written Action. Any vote that is required to be taken, and any resolution that is required to be adopted, by or in connection with this Agreement may be taken or adopted pursuant to a written consent action (rather than pursuant to a formal meeting) adopted pursuant to applicable law, if and to the extent such written consent action is sufficient, pursuant to applicable law, to authorize, approve and document the matter or matters covered thereby.

Appears in 2 contracts

Sources: Purchase and Assumption Agreement (Nb&t Financial Group Inc), Branch Purchase and Assumption Agreement (Ameriana Bancorp)