Common use of Delaware Section 203 Clause in Contracts

Delaware Section 203. The Company and its Board of Directors have taken all the necessary actions to render inapplicable to the transactions contemplated by the Transaction Documents (including, but not limited to, the issuance of Common Stock upon conversion of the Note) the provisions of Section 203 of the General Corporation Law of the State of Delaware.

Appears in 2 contracts

Sources: Note Purchase Agreement (Brookdale Living Communities Inc), Note Purchase Agreement (Brookdale Living Communities Inc)