Common use of Form of Consent Clause in Contracts

Form of Consent. Every written consent purporting to take or authorize the taking of corporate action and/or related revocations (each such written consent and related revocation is referred to in this Section 10 as a "Consent") shall bear the date of signature of each stockholder who signs the Consent, and no Consent shall be effective to take the corporate action referred to therein unless, within 60 days of the earliest dated Consent delivered in the manner required by this Section 10.2, Consents signed by a sufficient number of stockholder to take such action are so delivered to the Corporation.

Appears in 5 contracts

Samples: Stock Purchase and Standstill Agreement (National Auto Credit Inc /De), Stock Purchase and Standstill Agreement (Craig Corp), Stock Purchase and Standstill Agreement (Craig Corp)

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