Common use of Termination of Registration of Shares Clause in Contracts

Termination of Registration of Shares. The Company, acting through its Board, at the earliest practicable time following the Tender Offer Purchase Time and as soon as the number of holders of record of the Shares is fewer than 300, shall take all steps necessary or appropriate to terminate registration of the Shares under the Exchange Act, including without limitation the filing of Exchange Act Form 15 with the SEC and of a notice to the Nasdaq National Market to delist the Shares.

Appears in 3 contracts

Sources: Merger Agreement (Ac Acquisition Subsidiary Inc), Merger Agreement (Ac Acquisition Subsidiary Inc), Merger Agreement (Chesapeake Biological Laboratories Inc)