Common use of Antitakeover Statutes Clause in Contracts

Antitakeover Statutes. If any Takeover Statute is or may become applicable to the transactions contemplated hereby, each of the parties hereto and the members of its Board of Directors shall grant such approvals and take such actions as are necessary so that the transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated hereby and otherwise act to eliminate or minimize the effects of any Takeover Statute on any of the transactions contemplated by this Agreement.

Appears in 16 contracts

Samples: Merger Agreement (Forbes Energy Services Ltd.), Merger Agreement (Superior Energy Services Inc), Merger Agreement (TGC Industries Inc)

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Antitakeover Statutes. If Each of the Seller Parties and their respective Boards of Directors or parties performing similar functions shall, if any Takeover Statute is state antitakeover statute or may become similar statute becomes applicable to this Agreement and the transactions contemplated hereby, each of the parties hereto and the members of its Board of Directors shall grant such approvals and take such actions as are all action reasonably necessary so to ensure that the transactions contemplated by this Agreement hereby may be consummated as promptly as practicable on the terms contemplated hereby and otherwise act to eliminate or minimize the effects effect of any Takeover Statute such statute or regulation on any of this Agreement and the transactions contemplated by this Agreementhereby.

Appears in 2 contracts

Samples: Merger Agreement (Mission Community Bancorp), Merger Agreement (Santa Lucia Bancorp)

Antitakeover Statutes. If any Takeover Statute is or may become applicable to the transactions contemplated hereby, each of the parties hereto and the members of its Board of Directors shall grant such approvals and take such actions as are necessary so that the transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated hereby and otherwise use its commercially reasonable efforts to act to eliminate or minimize the effects of any Takeover Statute on any of the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Florida Public Utilities Co), Merger Agreement (Chesapeake Utilities Corp)

Antitakeover Statutes. If any Takeover Statute takeover statute is or may become applicable to the transactions contemplated hereby, each of the parties hereto Company and the members of its Board of Directors shall use all reasonable efforts to grant such approvals and to take such actions as are necessary so that the transactions contemplated by this Agreement may be consummated as promptly as practicable on the terms contemplated hereby and otherwise act to eliminate or minimize the effects of any Takeover Statute takeover statute on any of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Tejas Gas Corp)

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Antitakeover Statutes. If any Takeover Take- over Statute is or may become applicable to the transactions contemplated hereby, each of the parties hereto and the members of its Board of Directors shall grant such approvals and take such actions as are necessary so that the transactions contemplated contem- plated by this Agreement may be consummated as promptly as practicable on the terms contemplated hereby and otherwise act to eliminate or minimize the effects of any Takeover Statute on any of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Wr Grace & Co/De)

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