Effectiveness of Consent. No action by written consent without a meeting shall be effective until such date as the Secretary or the Inspectors, as applicable, certify to the Corporation that the consents delivered to the Corporation in accordance with Section 10.3represent at least the minimum number of votes that would be necessary to take the corporate action.
Appears in 4 contracts
Samples: Standstill Agreement (Citadel Holding Corp), Standstill Agreement (Reading Entertainment Inc), Standstill Agreement (Craig Corp)
Effectiveness of Consent. No action by written consent without a meeting shall be effective until such date as the Secretary or the Inspectors, as applicable, certify to the Corporation that the consents delivered to the Corporation in accordance with Section 10.3represent 10.3 represent at least the minimum number of votes that would be necessary to take the corporate action.
Appears in 1 contract
Samples: Stock Purchase and Standstill Agreement (National Auto Credit Inc /De)
