Common use of Hostile Tender Offers Clause in Contracts

Hostile Tender Offers. None of the proceeds of the Credit Extensions will be used to finance any offer to purchase, or any purchase of, shares of capital stock of any corporation or equity interests in any other entity, or securities convertible into or representing the beneficial ownership of, or rights to acquire, any such shares or equity interests, if such shares, equity interests, securities or rights are of a class which is publicly traded on any securities exchange or in any over-the-counter market, other than purchases for portfolio investment purposes of such shares, equity interests, securities or rights which, together with any shares, equity interests, securities or rights then owned, represent less than 5% of the equity interests or beneficial ownership of such corporation or other entity, and such offer or purchase has not been duly approved by the board of directors of such corporation or the equivalent governing body of such other entity.

Hostile Tender Offers. None of the proceeds of the Credit Extensions will be used to finance any offer to purchase, or any purchase of, shares of capital stock of any corporation or equity interests Equity Interests in any other entity, or securities convertible into or representing the beneficial ownership of, or rights to acquire, any such shares or equity interestsEquity Interests, if such shares, equity interestsEquity Interests, securities or rights are of a class which is publicly traded on any securities exchange or in any over-the-counter market, market (other than purchases for portfolio investment purposes of such shares, equity interestsEquity Interests, securities or rights which, together with any shares, equity interestsEquity Interests, securities or rights then owned, represent less than 5% of the equity interests Equity Interests or beneficial ownership of such corporation or other entity, ) and such offer or purchase has not been duly approved by the board of directors of such corporation or the equivalent governing body of such other entity.

Hostile Tender Offers. None of the proceeds of the Credit Extensions will be used to finance any offer to purchase, or any purchase of, shares of capital stock of any corporation or equity interests in any other entity, or securities convertible into or representing the beneficial ownership of, or rights to acquire, any such shares or equity interests, if such shares, equity interests, securities or rights are of a class which is publicly traded on any securities exchange or in any over-the-counter market, market (other than purchases for portfolio investment purposes of such shares, equity interests, securities or rights which, together with any shares, equity interests, securities or rights then owned, represent less than 5% of the equity interests or beneficial ownership of such corporation or other entity, ) and such offer or purchase has not been duly approved by the board of directors of such corporation or the equivalent governing body of such other entity.