State Takeover Statute. The Company Board has taken all action necessary to render inapplicable to the Merger and the other Transactions: (a) the provisions of Subtitle 6 of Title 3 of the MGCL, (b) the provisions of Subtitle 7 of Title 3 of the MGCL and (c) to the extent applicable to the Company, any other Takeover Law.
Appears in 2 contracts
Samples: Merger Agreement (Ellington Financial Inc.), Merger Agreement (Great Ajax Corp.)
State Takeover Statute. The Company Board has taken all action necessary to render inapplicable to the Merger and the other TransactionsMerger: (a) the provisions of Subtitle 6 of Title 3 of the MGCL, (b) the provisions of Subtitle 7 of Title 3 of the MGCL and (c) to the extent applicable to the Company, any other Takeover Law. The Company Board has adopted resolutions exempting the Transactions and the acquisition of Company Capital Stock by Merger Sub and Parent as a result of the Merger from the limitations on ownership of Company Capital Stock contained in the Organizational Documents of the Company.
Appears in 2 contracts
Samples: Merger Agreement (Owens Realty Mortgage, Inc.), Merger Agreement (Ready Capital Corp)
