No Takeover Statute Clause Samples
A No Takeover Statute clause is designed to prevent the application of state anti-takeover laws to a particular transaction or agreement. In practice, this clause ensures that statutory provisions which might otherwise delay, restrict, or complicate mergers, acquisitions, or changes in corporate control do not interfere with the parties' agreed-upon terms. By excluding the effect of such statutes, the clause provides certainty and streamlines the process for completing corporate transactions, thereby reducing the risk of unexpected legal obstacles.
No Takeover Statute. No state or foreign takeover statute or similar Legal Requirement applies or purports to apply to the Merger, this Agreement or any of the transactions contemplated hereby.
No Takeover Statute. Except as set forth in Section 3.1(v) of the Company Disclosure Schedule, no Takeover Statute enacted under state or federal laws in the United States applicable to the Company or its Subsidiaries or any other applicable Law (including Laws of the Philippines) is applicable to the Exchange or the transactions contemplated hereby. “Takeover Statute” means any restrictive provision of any applicable “fair price,” “moratorium,” “control share acquisition,” “interested shareholder” or other similar anti-takeover Law.
No Takeover Statute. Stream’s board of directors has approved, for purposes of Section 203 of the Delaware General Corporation Law, the Exchange Agreement, the Stockholders Agreement, and the transactions contemplated hereby and thereby. No other Takeover Statute enacted under state or federal laws in the United States applicable to Stream or its Subsidiaries or any other applicable Law (including Laws of the Philippines) is applicable to the Exchange or the transactions contemplated hereby.
No Takeover Statute. No takeover statute or similar Legal Requirement applies or purports to apply to this Agreement, the Share Purchase Agreement, the Share Issuance, the Secondary Share Purchase or any of the Contemplated Transactions.
No Takeover Statute. No “fair price,” “moratorium,” “control share acquisition,” “business combination” or other similar anti-takeover statute, regulation or similar Legal Requirement applies or at the Effective Time, will apply to the Merger, this Agreement or any of the transactions contemplated hereby.