Common use of Takeover Statute Clause in Contracts

Takeover Statute. The Company and the Company Board and Parent and the Parent Board shall use their respective reasonable best efforts to (x) take all action reasonably appropriate to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to this Agreement or the transactions contemplated hereby and (y) if any state takeover statute or similar statute or regulation becomes applicable to this Agreement or the transactions contemplated hereby, take all action reasonably appropriate to ensure that the transactions contemplated hereby may be consummated as promptly as practicable on the terms contemplated by this Agreement.

Takeover Statute. The Company and the Company Board and Parent and the Parent Board shall use their respective reasonable best efforts to (x) take all action reasonably appropriate to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to this Agreement or the transactions contemplated hereby Contemplated Transactions and (y) if any state takeover statute or similar statute or regulation becomes applicable to this Agreement or the transactions contemplated herebyContemplated Transactions, take all action reasonably appropriate to ensure that the transactions contemplated hereby Contemplated Transactions may be consummated as promptly as practicable on the terms contemplated by this Agreement.

Takeover Statute. The Company and the Company Board and Parent and the Parent Board shall use their respective reasonable best efforts to (x) take all action reasonably appropriate to ensure that no state takeover statute or similar statute or regulation is or becomes applicable to this Agreement or the transactions contemplated hereby Contemplated Transactions, and (y) if any state takeover statute or similar statute or regulation becomes applicable to this Agreement or the transactions contemplated herebyContemplated Transactions, take all action reasonably appropriate to ensure that the transactions contemplated hereby Contemplated Transactions may be consummated as promptly as practicable on the terms contemplated by this Agreement.