Standstill Agreement. During the 12-month period beginning on the date the Distribution is consummated (the “Distribution Date”), the Xxxxx Family Parties shall obtain the prior approval of a majority of the Company’s Independent Directors prior to acquiring Common Stock of the Company through a tender offer that results in members of the Xxxxx Family Group beneficially owning more than 50% of the total number of outstanding shares of Common Stock of the Company. For purposes of this Standstill Agreement, the term “
Appears in 8 contracts
Samples: Standstill Agreement (Madison Square Garden Entertainment Corp.), Standstill Agreement (MSGE Spinco, Inc.), Standstill Agreement (Madison Square Garden Entertainment Corp.)
