Common use of Shareholders Rights Plan Clause in Contracts

Shareholders Rights Plan. No claim will be made or enforced by the Company that any Purchaser is an "Acquiring Person" (or similar triggering person) under any shareholders rights plan or other Anti-Takeover Provision in effect or hereafter adopted by the Company, or that any Purchaser could be deemed to trigger the provisions of any such plan or arrangement, by virtue of receiving Securities under the Transaction Documents or under any other agreement between the Company and the Purchasers. The Company will take such affirmative steps as may be required to render inapplicable to the Purchasers all Anti-Takeover Provisions that may otherwise apply to the Purchasers as a result of their acquisition of Securities hereunder.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Interpool Inc), Securities Purchase Agreement (Hyseq Inc)

Shareholders Rights Plan. No claim will be made or enforced by the Company that any Purchaser is an "Acquiring Person" (( or similar triggering person) under any shareholders rights plan or other Anti-Takeover Provision in effect or hereafter adopted by the Company, or that any Purchaser could be deemed to trigger the provisions of any such plan or arrangement, by virtue of receiving Securities under the Transaction Documents or under any other agreement between the Company and the Purchasers. The Company will take such affirmative steps as may be required to render inapplicable to the Purchasers all Anti-Takeover Provisions that may otherwise apply to the Purchasers as a result of their acquisition of Securities hereunder.

Appears in 1 contract

Sources: Securities Purchase Agreement (Hyseq Inc)