Common use of Action by Board of Directors Clause in Contracts

Action by Board of Directors. Prior to the Effective Time, the board of directors of each of Phone and Xxxxxxxx.xxx shall comply as applicable with the provisions of the SEC's no- action letter dated January 12, 1999, addressed to Skadden, Arps, Slate, Xxxxxxx and Xxxx LLP relating to Rule 16b of the Exchange Act.

Action by Board of Directors. Prior to the Effective Time, the board of directors of each of Phone and Xxxxxxxx.xxx shall comply as applicable with the provisions of the SEC's no- no-action letter dated January 12, 1999, addressed to Skadden, Arps, Slate, Xxxxxxx and Xxxx LLP relating to Rule 16b of the Exchange Act.