Common use of Acquisition of Stock Clause in Contracts

Acquisition of Stock. The Company shall not, and shall not permit any Subsidiary to, acquire any stock of any corporation if upon completion of such acquisition such corporation would be a Subsidiary, or acquire all of the assets of, or such of the assets as would permit the transferee to continue any one or more integral business operations of, any Person unless, immediately after the consummation of such acquisition, and after giving effect thereto, no Default or Event of Default exists or would exist under any provision hereof.

Appears in 3 contracts

Samples: Note Purchase Agreement (Smithfield Foods Inc), Note Purchase Agreement (Smithfield Foods Inc), Note Purchase Agreement (Smithfield Foods Inc)

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Acquisition of Stock. The Company shall not, and shall will not permit any Subsidiary to, acquire any stock of any corporation if upon completion of such acquisition such corporation would be a Subsidiary, or acquire all of the assets Property of, or such of the assets Property as would permit the transferee to continue any one or more integral business operations of, any Person unless, immediately after the consummation of such acquisition, and after giving effect thereto, no Default or Event of Default exists or would exist under any provision hereof.

Appears in 1 contract

Samples: Note Purchase Agreement (Seaboard Corp /De/)

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Acquisition of Stock. The Company shall not, and shall will not permit any Subsidiary to, acquire any stock of any corporation or equity interest in any other Person if upon completion of such acquisition such corporation Person would be a Subsidiary, or acquire all of the assets Property of, or such of the assets Property as would permit the transferee to continue any one or more integral business operations of, any Person unless, immediately after the consummation of such acquisition, and after giving effect thereto, no Default or Event of Default exists or would exist under any provision hereof.

Appears in 1 contract

Samples: Note Purchase Agreement (Seaboard Corp /De/)

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