State Takeover Statute. The Company Board has taken all action necessary to render inapplicable to the Merger and the other Transactions: (a) the provisions of Subtitle 6 of Title 3 of the MGCL, (b) the provisions of Subtitle 7 of Title 3 of the MGCL and (c) to the extent applicable to the Company, any other Takeover Law.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Great Ajax Corp.), Agreement and Plan of Merger (Ellington Financial Inc.)
State Takeover Statute. The Company Board has taken all action necessary to render inapplicable to the Merger and the other TransactionsMerger: (a) the provisions of Subtitle 6 of Title 3 of the MGCL, (b) the provisions of Subtitle 7 of Title 3 of the MGCL and (c) to the extent applicable to the Company, any other Takeover Law. The Company Board has adopted resolutions exempting the Transactions and the acquisition of Company Capital Stock by Merger Sub and Parent as a result of the Merger from the limitations on ownership of Company Capital Stock contained in the Organizational Documents of the Company.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Ready Capital Corp), Agreement and Plan of Merger (Owens Realty Mortgage, Inc.)
State Takeover Statute. The Company Parent Board has taken all action necessary to render inapplicable to the Merger and the other Transactions: (a) the provisions of Subtitle 6 of Title 3 of the MGCL, ; (b) the provisions of Subtitle 7 of Title 3 of the MGCL MGCL; and (c) to the extent applicable to the CompanyParent, any other Takeover Law. No other Takeover Laws are applicable to this Agreement, the Merger or the other Transactions.
Appears in 1 contract
Samples: Agreement and Plan of Merger (AG Mortgage Investment Trust, Inc.)
