Common use of MERGER, SALE Clause in Contracts

MERGER, SALE. The affirmative vote of the holders of sixty-six and two-thirds percent (66-2/3%) of the outstanding stock of the Corporation entitled to vote shall be required for: (a) Any merger, exchange or consolidation to which the Corporation is a party and which requires stockholder approval under the NRS; and (b) Any sale or other disposition by the Corporation of all or substantially all of its assets.