Common use of Hostile Tender Offers Clause in Contracts

Hostile Tender Offers. Use the proceeds of the Commitments or any funds of Borrower to directly or indirectly finance any offer to purchase or acquire, or to consummate a purchase or acquisition of, 5% or more of the capital stock of any corporation or other business entity if the board of directors or management of such corporation or business entity has notified Borrower that it opposes such offer or purchase.

Appears in 3 contracts

Samples: Loan Agreement (Mohegan Tribal Gaming Authority), Loan Agreement (Station Casinos Inc), Loan Agreement (Mohegan Tribal Gaming Authority)

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Hostile Tender Offers. Use the proceeds of the Commitments Commitment or any funds --------------------- of Borrower to directly or indirectly finance any offer to purchase or acquire, or to consummate a purchase or acquisition of, 5% or more of the capital stock of any corporation or other business entity if the board of directors or management of such corporation or business entity has notified Borrower that it opposes such offer or purchase.

Appears in 1 contract

Samples: Loan Agreement (Mohegan Tribal Gaming Authority)

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Hostile Tender Offers. Use the proceeds of the Commitments Commitment or any --------------------- funds of Borrower to directly or indirectly finance any offer to purchase or acquire, or to consummate a purchase or acquisition of, 5% or more of the capital stock of any corporation or other business entity if the board of directors or management of such corporation or business entity has notified Borrower that it opposes such offer or purchase.

Appears in 1 contract

Samples: Loan Agreement (Mohegan Tribal Gaming Authority)

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