PABCL definition
Examples of PABCL in a sentence
Holders of not more than five percent (5%) of the outstanding shares of Target Capital Stock shall have exercised their dissenters’ rights under the PABCL.
At the Effective Time, the articles of incorporation and by-laws of Target, as in effect immediately prior to the Effective Time, shall automatically, and without further action, become the articles of incorporation and by-laws of the Surviving Corporation and thereafter will continue to be its articles of incorporation and by-laws until further amended as provided therein and in accordance with the relevant provisions of the PABCL.
At the Effective Time, the effect of the Merger shall be as provided in the applicable provisions of the PABCL.
The Sub Merger and the amendment to Sub's Articles of Incorporation described in Section 5.1(z) hereof shall have been duly approved by the holders of the outstanding stock of Sub in accordance with the PABCL and the Articles of Incorporation and By-Laws of the Sub.
For purposes of the preceding sentence, a finding by a court or other body of competent jurisdiction that an act or failure to act of the Indemnitee or some other agent of the Company constitutes "misconduct" or words of like import shall not, of itself, create a presumption that the Indemnitee has engaged in willful misconduct or recklessness under this Agreement, the Company's Articles of Incorporation, the Company's bylaws or under the PABCL.
The By-Laws of Parent Surviving Corporation in effect at the Parent Effective Time shall be and remain unchanged until duly amended in accordance with the terms thereof and the PABCL, subject, however, to the provisions of Section 6.2(f)(i) hereof.
The Articles of Incorporation of the Sub Surviving Corporation shall, upon the Sub Effective Time, be and remain unchanged until further amended in accordance with the terms thereof and the PABCL, subject, however, to the provisions of Section 6.2(f)(i) hereof.
The By-Laws of the Sub Surviving Corporation in effect at the Sub Effective Time shall be and remain unchanged until duly amended in accordance with the terms thereof and the PABCL, subject, however, to the provisions of Section 6.2(f)(i) hereof.
The Board of Directors of Sub and the Independent Committee thereof have approved an amendment to Sub's Articles of Incorporation to provide that Subchapter E of Chapter 25 of the PABCL shall not be applicable to Sub.
The Parent Merger shall have been duly approved by the holders of the outstanding stock of Parent in accordance with the PABCL and the Articles of Incorporation and By-Laws of the Parent.