Common use of Hostile Acquisitions Clause in Contracts

Hostile Acquisitions. Directly or indirectly use the proceeds of any Loan in connection with the acquisition of part or all of a voting interest of five percent (5%) or more in any corporation or other business entity if such acquisition is opposed by the board of directors or management of such corporation or business entity.

Appears in 7 contracts

Samples: Construction/Term Loan Agreement (Station Casinos Inc), Loan Agreement (Richey Electronics Inc), Term Loan Agreement (Station Casinos Inc)

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Hostile Acquisitions. Directly or indirectly use any moneys received from any Borrower that represent the proceeds of any Loan in connection with the acquisition of part or all of a voting interest of five percent (5%) or more in any corporation or other business entity if such acquisition is opposed by the board of directors or management of such corporation or business entity.

Appears in 3 contracts

Samples: Term Loan Agreement (Station Casinos Inc), Reducing Revolving and Term Loan Agreement (Station Casinos Inc), Reducing Revolving Loan Agreement (Station Casinos Inc)

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Hostile Acquisitions. Directly or indirectly use the proceeds of any Loan the Loans in connection with the acquisition of part or all of a voting interest of five percent (5%) or more in any corporation or other business entity if such acquisition is opposed by the board of directors or management of such corporation or business entity.

Appears in 2 contracts

Samples: Term Loan Agreement (Svi Solutions Inc), Term Loan Agreement (Svi Holdings Inc)

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