Common use of Limitation on Acquisition of Securities Clause in Contracts

Limitation on Acquisition of Securities. (i) The Company shall not undertake any transaction (including, without limitation, a merger, reorganization, distribution of securities, or otherwise) prior to the Put Expiration Date that would cause CarrAmerica to be considered to have acquired (as determined for purposes of Section 856(c)(4)(B) of the Code) any security of any issuer if, as a result thereof and immediately after such transaction, CarrAmerica would not meet one or more of the assets tests set forth in Section 856(c)(4) of the Code (the "Asset Tests").

Appears in 5 contracts

Samples: Stockholders Agreement (Reckson Services Industries Inc), Stockholders Agreement (Carramerica Realty Corp), Stockholders Agreement (Frontline Capital Group)

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Limitation on Acquisition of Securities. (i) The Company shall not undertake any transaction (including, without limitation, a merger, reorganization, distribution of securities, or otherwise) prior to the Put Expiration Date that would cause CarrAmerica to be considered to have acquired (as determined for purposes of Section 856(c)(4)(B) of the Code) any security of any issuer if, as a result thereof and immediately after such transaction, CarrAmerica would not meet one or more of the assets tests set forth in Section 856(c)(4) of the Code (the "β€œAsset Tests"”).

Appears in 1 contract

Samples: Stockholders Agreement (Carramerica Realty Corp)

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