Antitakeover Statute. The Board of Directors of the Company has taken all action necessary to approve the acquisition of Purchased Securities (and Common Stock comprising the Conversion Shares) by the Investor pursuant to this Agreement (which shares represent 15% or more of the voting stock of the Company) in accordance with and pursuant to Section 203(a)(1) of the DGCL.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Mansfield Teddy L), Securities Purchase Agreement (SCC Investment I Lp), Securities Purchase Agreement (Canisco Resources Inc)
Antitakeover Statute. The Board of Directors of the Company has taken all ---- -------------------- action necessary to approve the acquisition of Purchased Securities shares of Preferred Stock (and Common Stock comprising or any other class of common stock of the Conversion SharesCompany upon conversion of Preferred Stock) by the Investor each investor pursuant to this Agreement (which shares represent 15% or more of the voting stock of the Company) in accordance with and pursuant to Section 203(a)(1) of the DGCL.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Morse Partners LTD), Securities Purchase Agreement (Canisco Resources Inc)
