Common use of State Statutes Clause in Contracts

State Statutes. If any state takeover law shall become applicable to the transactions contemplated by this Agreement, unless the Coulxxx Xxxrd of Directors recommends a Superior Offer in accordance with Section 5.6(c) or Section 5.7(a), Corixa and its Board of Directors or Coulxxx xxx its Board of Directors, as the case may be, shall grant such approvals and take such actions as are necessary so that the transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise act to eliminate or minimize the effects of such state takeover law on the transactions contemplated by this Agreement.

State Statutes. If any state takeover law shall become -------------- applicable to the transactions contemplated by this Agreement, unless the Coulxxx Xxxrd Target Board of Directors or the Acquiror Board of Directors recommends a Superior Offer in accordance with Section 5.6(c) or Section 5.7(a5.8(a), Corixa as applicable, Acquiror and its Board of Directors or Coulxxx xxx Target and its Board of Directors, as the case may be, shall grant such approvals and take such actions as are necessary so that the transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise act to eliminate or minimize the effects of such state takeover law on the transactions contemplated by this Agreement.

State Statutes. If any state takeover law shall become applicable to the transactions contemplated by this Agreement, unless the Coulxxx Xxxrd Target Board of Directors or the Acquiror Board of Directors recommends a Superior Offer in accordance with Section 5.6(c) or Section 5.7(a5.8(a), Corixa as applicable, Acquiror and its Board of Directors or Coulxxx xxx Target and its Board of Directors, as the case may be, shall grant such approvals and take such actions as are necessary so that the transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise act to eliminate or minimize the effects of such state takeover law on the transactions contemplated by this Agreement.