Common use of Approval by Directors of Company and Company Sub; Approval of Company Sub Shareholder Clause in Contracts

Approval by Directors of Company and Company Sub; Approval of Company Sub Shareholder. Pursuant to the written consent of the directors of each of the Company and Company Sub and the written consent of the Company as the sole shareholder of the Company Sub, this Agreement and the transactions described herein shall have been duly approved by the requisite vote of such directors and shareholder.