Raider Clause Samples
The "Raider" clause defines the rights and obligations of a party that seeks to acquire a controlling interest in a company, often referred to as a "raider." Typically, this clause outlines the procedures and restrictions that apply if an external party attempts a hostile takeover, such as notification requirements, limitations on share purchases, or triggering defensive mechanisms like poison pills. Its core function is to protect the company and its shareholders from unsolicited or potentially disruptive acquisition attempts, thereby maintaining stability and allowing the board to respond appropriately to takeover threats.
Raider. As defined in the preamble hereto. Rate Adjustment Period. See the definition of Applicable Margin. RCRA. See ss.7.18(a).
Raider. WMX shall (i) advise the principal underwriter, broker or other representative retained by WMX or any of its affiliates in connection with the particular Transfer of the requirement in the preceding clause (a), (ii) prohibit sale of ServiceMaster shares representing more than 5% of all ServiceMaster shares from being sold to any single purchaser and (iii) instruct WMX's principal underwriter, broker or other representative to use reasonable efforts to avoid making any sale of shares for which any underwriter, broker or other representative responsible for the sale knows the ultimate purchaser would be either (i) a 5% owner after giving effect to the purchase and any other purchases which the underwriter, broker or other representative knows the ultimate purchaser then intends to make or (ii) a Raider.
Raider. Training will be conducted by D.S. Raider’s agent or third party on its behalf.
Raider. ● To ship malfunctioning parts/ systems, replaced by the Distributor, to D.S. Raider for investigation, if requested by D.S.
Raider. ● To keep complaint and service records for 15 years or deliver them to D.S.
Raider. ● To verify storage and transportations temperatures will not exceed system specifications.
Raider. For purposes of this agreement a person shall be deemed to be a "5% owner" if such person beneficially owns ServiceMaster shares representing 5% or more of (i) the shares outstanding in any class or series or (ii) the votes which could be cast in any election to any position on the ServiceMaster Board.