Friendly Acquisition definition

Friendly Acquisition means an Acquisition which has been either (a) not disapproved by the board of directors of the corporation, or the managing body of the firm, which is the subject of such Acquisition after such board or managing body has been given the opportunity to consider such Acquisition or (b) recommended by such board to the shareholders of such corporation and, if required by applicable law, approved by such shareholders, and excluding in any event any Acquisition involving an "unfriendly" or contested tender offer.

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Friendly Acquisition means any acquisition of all or any portion of the shares of capital stock of (or other ownership or profit interests in) any Person that either (a) has been approved by the board of directors (or persons performing similar functions) of such Person or (b) is a negotiated acquisition of shares of capital stock of (or other ownership or profit interests in) such Person which are not equity securities of a class that is registered or required to be registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended.

Friendly Acquisition means an Acquisition which is not -------------------- opposed by the management of the Person whose securities or assets are to be acquired.

Examples of Friendly Acquisition in a sentence

Any Acquisition other than a Friendly Acquisition for which the proceeds of a Borrowing shall be used shall require the consent of the Majority Banks.
It is understood and agreed that notwithstanding the provisions of this Section 6.6, the Banks shall make any Loan the proceeds of which are to be used to make a Friendly Acquisition if the requirements of Article I hereof have been fulfilled with respect to the proposed Borrowing and if the conditions of Section 3.1 hereof have been met.
It is understood and agreed that notwithstanding the provisions of this Section 6.7, the Banks shall make any Loan the proceeds of which are to be used to make a Friendly Acquisition if the requirements of Article I hereof have been fulfilled with respect to the proposed Borrowing and if the conditions of Section 3.1 hereof have been met.

More Definitions of Friendly Acquisition

Friendly Acquisition. : shall mean an Acquisition which is not

Friendly Acquisition means any acquisition which has received the prior -------------------- approval of the board of directors of the Person being acquired.

Friendly Acquisition means a Change in Control, as defined above, without regard to subsection (ii) thereof. -------