Examples of Standstill Expiration Date in a sentence
If, at any time or from time to time before the Standstill Expiration Date, the general partners of a Partnership submit to the limited partners of that Partnership a proposal that would result in such limited partners receiving securities that, upon consummation of the proposal, are listed on a national securities exchange or NASDAQ, AREH shall cause all the Units in that Partnership owned by AREH or any affiliate of AREH and not theretofore purchased by Presidio to be voted in favor of the proposal.
Although the Purchaser has no current intentions with regard to any of these matters, it will, following the Standstill Expiration Date, vote the Units acquired pursuant to the Offer in its interest, which may, or may not, be in the best interest of non-tendering Unitholders.
Furthermore, the Purchaser and its affiliates have agreed with Presidio that, prior to the Standstill Expiration Date, they will not, among other things, seek the removal of the general partners, seek to control the management, policies or affairs of the Partnership, or seek to effect any form of business combination or other extraordinary transaction with the Partnership or its general partners.
Although the Purchaser does not have any current intentions with regard to any of these matters, it will, following the Standstill Expiration Date, vote the BACs acquired pursuant to the Offer in its interest, which may, or may not, be in the best interest of non-tendering BACs holders.
However, as stated above, the Purchaser has no present intention of doing so and is prohibited from doing so under the Agreement prior to the Standstill Expiration Date.