Common use of Required Corporate Action Clause in Contracts

Required Corporate Action. The execution, delivery and consummation of this Merger Agreement by BOKF and Merger Corp has been duly and validly authorized by the boards of directors of BOKF and Merger Corp and, as of the Closing, will have been approved by the shareholder of Merger Corp. The approval of the shareholders of BOKF is not required. This Merger Agreement has been duly executed and delivered by duly authorized officers of BOKF and Merger Corp. This Merger Agreement constitutes a legal, valid and binding agreement and obligation of BOKF and Merger Corp enforceable against BOKF and Merger Corp in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, moratorium, receivership, and other similar laws affecting the rights of creditors generally.

Required Corporate Action. The execution, delivery and consummation of this Merger Agreement by BOKF and Merger Corp has Mergercorp have been duly and validly authorized by the boards of directors of BOKF and Merger Corp and, as Mergercorp and the approval of the Closing, will have been approved by the shareholder shareholders of Merger Corp. Mergercorp. The approval of the shareholders of BOKF is not required. This Merger Agreement has been duly executed and delivered by duly authorized officers of BOKF and Merger Corp. Mergercorp. This Merger Agreement constitutes a legal, valid and binding agreement and obligation of BOKF and Merger Corp Mergercorp enforceable against BOKF and Merger Corp Mergercorp in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, moratorium, receivership, and other similar laws affecting the rights of creditors generally.