Common use of Sprint Rights Plan Clause in Contracts

Sprint Rights Plan. (a) Notwithstanding the provisions of Sections 2.1 and 2.2, each of FT and DT agrees that it will not, and will cause each of its respective Affiliates not to, directly or indirectly, acquire, offer to acquire, or agree to acquire, by purchase or otherwise, Beneficial Ownership of any Sprint Voting Securities if such acquisition would result in FT or DT or any of their respective Affiliates being deemed an Acquiring Person (as such term is defined in the Sprint Rights Plan) or result in the occurrence of a Stock Acquisition Date, Distribution Date, Section 11(a)(ii) Event or Section 13 Event (as such terms are defined in the Sprint Rights Plan).

Appears in 3 contracts

Samples: Standstill Agreement (Deutsche Telekom Ag), Standstill Agreement (Sprint Corp), Standstill Agreement (Sprint Corp)

AutoNDA by SimpleDocs

Sprint Rights Plan. (a) Notwithstanding the provisions of Sections 2.1 and 2.2, each of FT Buyer and DT Parent agrees that it will not, and will cause each of its respective Affiliates not to, directly or indirectly, acquire, offer to acquire, or agree to acquire, by purchase or otherwise, Beneficial Ownership of any Sprint Voting Securities if such acquisition would result in FT Buyer or DT Parent or any of their respective Affiliates being deemed an Acquiring Person (as such term is defined in the Sprint Rights Plan) or result in the occurrence of a Stock Acquisition Date, Distribution Date, Section 11(a)(ii) Event or Section 13 Event (as such terms are defined in the Sprint Rights Plan).

Appears in 1 contract

Samples: Standstill Agreement (Deutsche Telekom Ag)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.