Approval of the Board. The Board of the Directors of the --------------------- Company have approved the Purchaser (or any person controlling, controlled by or under common control with Purchaser, including any person of which the Purchaser owns, directly or indirectly, at least 50% of the ownership interest) becoming an interested stockholder for purposes of Section 203 of the General Corporation Law of the State of Delaware.
Appears in 3 contracts
Samples: Stock Purchase Agreement (Brookdale Living Communities Inc), Standstill Agreement (Brookdale Living Communities Inc), Stock Purchase Agreement (Reschke Michael W)
Approval of the Board. The Board of the Directors of the --------------------- Company (or the appropriate committee thereof) shall have approved (i) the Purchaser (or any person controlling, controlled by or under common control with Purchaser, including any person of which the Purchaser owns, directly or indirectly, owns at least 50% of the ownership interest) becoming an interested stockholder for purposes of Section 203 of the General Corporation Law of the State of Delaware., and (ii) the Company's entrance into a standstill agreement (the "Standstill Agreement"), substantially in the form attached hereto as Exhibit B.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Brookdale Living Communities Inc), Stock Purchase Agreement (Reschke Michael W)
Approval of the Board. The Board of the Directors of the --------------------- Company (or the appropriate committee thereof) shall have approved (i) the Purchaser (or any person controlling, controlled by or under common control with Purchaser, including any person of which the Purchaser owns, directly or indirectly, owns at least 50% of the ownership interest) becoming an interested stockholder for purposes of Section 203 of the General Corporation Law of the State of Delaware., and (ii) the Company's entrance into a standstill agreement (the "Standstill Agreement"), substantially in the form attached hereto as Exhibit B.
Appears in 1 contract
Samples: Stock Purchase Agreement (Fortress Registered Investment Trust)
Approval of the Board. The Board of the Directors of the --------------------- Company have approved the Purchaser (or any person controlling, controlled by or under common control with Purchaser, including any person of which the Purchaser owns, directly or indirectly, at least 50% of the ownership interest) becoming an interested stockholder for purposes of Section 203 of the General Corporation Law of the State of Delaware.
Appears in 1 contract
Samples: Standstill Agreement (Fortress Registered Investment Trust)
