Common use of Hostile Acquisitions Clause in Contracts

Hostile Acquisitions. (1) In the event the Borrower wishes to utilize proceeds of one or more Loans under any Credit Facility to, or to provide funds to any Subsidiary, Affiliate or other person to, acquire or finance an offer to acquire (which shall include an offer to purchase securities, solicitation of an offer to sell securities, an acceptance of an offer to sell securities, whether or not the offer to sell was solicited, or any combination of the foregoing) outstanding securities of any person (the “Target”) which constitutes a “take over bid” pursuant to applicable corporate or securities legislation (in any case, a “Takeover”), then either:

Appears in 2 contracts

Samples: Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.)

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Hostile Acquisitions. (1) In the event the a Borrower wishes to utilize proceeds of one or more Loans under any a Credit Facility to, or to provide funds to any Subsidiary, Affiliate or other person Person to, acquire or finance an offer to acquire (which shall include an offer to purchase securities, solicitation of an offer to sell securities, an acceptance of an offer to sell securities, whether or not the offer to sell was solicited, or any combination of the foregoing) outstanding securities of any person Person (the “Target”) which constitutes a “take take-over bid” pursuant to applicable corporate or securities legislation (in any case, a “Takeover”), then either:

Appears in 2 contracts

Samples: Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.)

Hostile Acquisitions. (1) In the event the a Borrower wishes to utilize proceeds of one or more Loans under any Credit Facility to, or to provide funds to any Subsidiary, Affiliate or other person to, acquire or finance an offer to acquire (which shall include an offer to purchase securities, solicitation of an offer to sell securities, an acceptance of an offer to sell securities, whether or not the offer to sell was solicited, or any combination of the foregoing) outstanding securities of any person (the “Target”) which constitutes a “take over bid” pursuant to applicable corporate or securities legislation (in any case, a “Takeover”), then either:

Appears in 1 contract

Samples: Credit Agreement (Nexen Inc)

Hostile Acquisitions. (1) In the event the Borrower wishes to utilize proceeds of one or more Loans under any the Credit Facility to, or to provide funds to any Subsidiary, Affiliate or other person to, acquire or finance an offer to acquire (which shall include an offer order to purchase securities, solicitation of an offer to sell securities, an acceptance of an offer to sell securities, whether or not the offer to sell was solicited, or any combination of the foregoing) outstanding securities of any person (the “Target”) which constitutes a “take take-over bid” pursuant to applicable corporate or securities legislation (in any case, a “Takeover”), then either:

Appears in 1 contract

Samples: Credit Agreement (Trident Resources Corp)

Hostile Acquisitions. (1) In the event the Borrower wishes to utilize proceeds of one or more Loans under any the Credit Facility to, or to provide funds to any Subsidiary, Affiliate or other person to, acquire or finance an offer to acquire (which shall include an offer to purchase securities, solicitation of an offer to sell securities, an acceptance of an offer to sell securities, whether or not the offer to sell was solicited, or any combination of the foregoing) outstanding securities of any person (the “Target”) which constitutes a “take take-over bid” pursuant to applicable corporate or securities legislation (in any case, a “Takeover”), then either:

Appears in 1 contract

Samples: Credit Agreement (Pacific Energy Partners Lp)

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Hostile Acquisitions. (1) In the event the Borrower wishes to utilize proceeds of one or more Loans under any Credit Facility to, or to provide funds to any Subsidiary, Affiliate or other person to, acquire or finance an offer to acquire (which shall include an offer to purchase securities, solicitation of an offer to sell securities, an acceptance of an offer to sell securities, whether or not the offer to sell was solicited, or any combination of the foregoing) outstanding securities of any person (the "Target") which constitutes a "take over bid" pursuant to applicable corporate or securities legislation (in any case, a "Takeover"), then either:

Appears in 1 contract

Samples: Credit Agreement

Hostile Acquisitions. (1) In the event the Borrower wishes to utilize proceeds of one or more Loans under any Credit Facility to, or to provide funds to any Subsidiary, Affiliate or other person to, acquire or finance an offer to acquire (which shall include an offer to purchase securities, solicitation of an offer to sell securities, an acceptance of an offer to sell securities, whether or not the offer to sell was solicited, or any combination of the foregoing) outstanding securities of any person (the "Target") which constitutes a "take over bid" pursuant to applicable corporate or securities legislation (in any case, a "Takeover"), then either:

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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