MCRL definition
Examples of MCRL in a sentence
Effectiveness of this Agreement is contingent upon the prior approval of the Company Board of Directors under Chapters 110C and 110F of the MCRL.
As of the date hereof, MCRL owns no membership interests, Equity Participation Interest, other equity interests or Equity Rights in the Company.
MCRL1.P1.pdf (Company, Volume, Qualification Project, MCRL Letter 1, Project #) ABC.VOL1.
Except pursuant to the exercise of its rights in connection with this Section 6.2, the Company shall not take any action to make the provisions of Chapters 110C or 110F of the MCRL inapplicable to any transaction other than as contemplated in this Agreement.
The board of directors of the Company has taken all actions necessary to exempt the Merger Agreement and the actions contemplated thereby, including the Offer and the Merger, and by the Tender and Voting Agreements, from the provisions of MCRL Chapter 110F §1, and has agreed not to take any action to affect such exemption.
During the three years prior to the execution of this Agreement, none of JE Holdings, Parent, Purchaser or any of their respective Affiliates or associates has been, with respect to the Company, an “interested stockholder” within the meaning of and as defined in the MCRL Chapter 110F.
Assuming the accuracy of the representations and warranties contained in Section 5.8, the action taken by the Company Board of Directors constitutes approval of the Transactions (including each of the Offer and the Merger) by the Company Board of Directors under Chapters 110C and 110F of the MCRL, and no other state takeover statute is applicable to the Transactions, including, for the sake of clarity, the transactions contemplated by the Tender and Voting Agreements.
During the three years prior to the execution of this Agreement and the Tender and Voting Agreements, none of Parent or Purchaser or any of their respective Affiliates or associates (i) has been, with respect to the Company, an "Interested stockholder" within the meaning of and as defined in the MCRL Chapter 110F, or (ii) has owned any Shares.
Except pursuant to the exercise of its rights in connection with this paragraph, the Company will not take any action to make the provisions of Chapters 110C or 110F of the Massachusetts Corporation-Related Laws ("MCRL") inapplicable to any transaction other than as contemplated in the Merger Agreement.