Common use of State Antitakeover Statutes Clause in Contracts

State Antitakeover Statutes. The ONSTREAM Board of Directors has approved this Agreement and the transactions contemplated hereby and such approval constitutes approval of the Merger and the other transactions contemplated hereby by the ONSTREAM Board of Directors as required by the FBCA. No “business combination,” “moratorium,” “control share,” “fair price,” “interested shareholder,” affiliated transactions” or other state antitakeover statute or regulation (i) prohibits or restricts ONSTREAM’s ability to perform its obligations under this Agreement or to consummate the Merger or the other transactions contemplated hereby or thereby, (ii) would have the effect of invalidating or voiding this Agreement or the Voting Agreement or any provision hereof, or (iii) would subject VDAT or SUB to any material impediment or condition in connection with the exercise of any of their respective rights under this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Visual Data Corp)

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State Antitakeover Statutes. The ONSTREAM VDAT Board of Directors has approved this Agreement and the transactions contemplated hereby and such approval constitutes approval of the Merger and the other transactions contemplated hereby by the ONSTREAM VDAT Board of Directors as required by the FBCA. No "business combination,” “" "moratorium,” “" "control share,” “" "fair price,” “" "interested shareholder," affiliated transactions" or other state antitakeover statute or regulation (i) prohibits or restricts ONSTREAM’s VDAT's ability to perform its obligations under this Agreement or to consummate the Merger or the other transactions contemplated hereby or thereby, (ii) would have the effect of invalidating or voiding this Agreement or the Voting Agreement attached hereto as Exhibit 3.8 (the "Voting Agreement") or any provision hereof, or (iii) would subject VDAT or SUB RMS to any material impediment or condition in connection with the exercise of any of their its respective rights under this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Visual Data Corp)

State Antitakeover Statutes. The ONSTREAM RMS Board of Directors has approved this Agreement and the transactions contemplated hereby and such approval constitutes approval of the Merger and the other transactions contemplated hereby by the ONSTREAM RMS Board of Directors as required by the FBCADGCL. No "business combination,” “" "moratorium,” “" "control share,” “" "fair price,” “" "interested shareholder," affiliated transactions" or other state antitakeover statute or regulation (i) prohibits or restricts ONSTREAM’s RMS' ability to perform its obligations under this Agreement or to consummate the Merger or the other transactions contemplated hereby or thereby, (ii) would have the effect of invalidating or voiding this Agreement or the Voting Agreement or any provision hereof, or (iii) would subject VDAT or SUB to any material impediment or condition in connection with the exercise of any of their respective rights under this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Visual Data Corp)

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State Antitakeover Statutes. The ONSTREAM VDAT Board of Directors has approved this Agreement and the transactions contemplated hereby and such approval constitutes approval of the Merger and the other transactions contemplated hereby by the ONSTREAM VDAT Board of Directors as required by the FBCA. No “business combination,” “moratorium,” “control share,” “fair price,” “interested shareholder,” affiliated transactions” or other state antitakeover statute or regulation (i) prohibits or restricts ONSTREAMVDAT’s ability to perform its obligations under this Agreement or to consummate the Merger or the other transactions contemplated hereby or thereby, (ii) would have the effect of invalidating or voiding this Agreement or the Voting Agreement or any provision hereof, or (iii) would subject VDAT or SUB ONSTREAM to any material impediment or condition in connection with the exercise of any of their its respective rights under this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Visual Data Corp)

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