Rule 16b. 3. Prior to the Effective Time, the Company and Parent shall take such steps as may be reasonably requested by any party hereto to cause dispositions of Company equity securities (including derivative securities) pursuant to the transactions contemplated by this Agreement by each individual who is a director or officer of the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act to the extent permitted by applicable Law.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Diamond Resorts, LLC), Agreement and Plan of Merger (Sunterra Corp)
Rule 16b. 3. Prior to the Effective Time, the Company and Parent shall take such steps as may be reasonably requested by any party hereto to cause dispositions of Company equity securities (including derivative securities) pursuant to the transactions contemplated by this Agreement by each individual who is a director or officer of the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act to in accordance with that certain No-Action Letter dated January 12, 1999 issued by the extent permitted by applicable LawSEC regarding such matters.
Appears in 1 contract
Rule 16b. 3. Prior to the Effective Time, Parent and the Company and Parent shall take such steps as may be reasonably requested by any party hereto to cause dispositions of Company equity securities (including derivative securities) pursuant to the transactions contemplated by this Agreement by each individual who is a director or officer of the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act and the rules and regulations promulgated thereunder in accordance with that certain No-Action Letter dated January 12, 1999 to Xxxxxxx Xxxx Slate Xxxxxxx & Xxxx issued by the extent permitted by applicable LawSEC regarding such matters.
Appears in 1 contract
Samples: Agreement and Plan of Merger (FFG Merger Corporation, Inc)
Rule 16b. 3. Prior to the Effective Time, the Company and Parent shall take such steps as may be reasonably requested by any party hereto Party to cause dispositions of Company equity securities (including derivative securities) pursuant to the transactions contemplated by this Agreement Transactions by each individual who is a director or officer of the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act to in accordance with that certain No-Action Letter dated January 12, 1999 issued by the extent permitted by applicable LawSEC regarding such matters.
Appears in 1 contract
