Common use of Takeover Laws and Provisions Clause in Contracts

Takeover Laws and Provisions. The adoption and approval by the board of directors of the Company of this Agreement, the Merger and the other Transactions represent all the action necessary by the Company to render inapplicable to this Agreement, the Merger and the other Transactions, the provisions of any potentially applicable takeover laws of any state, including any “moratorium,” “control share,” “fair price,” “takeover” or “interested shareholder” law (any such laws, “Takeover Statutes”), and any potentially applicable provision of the Company Articles of Incorporation and the Company Bylaws. No “fair price” Law or similar provision of the Company Articles of Incorporation or Company Bylaws is applicable to this Agreement and the Transactions.

Appears in 2 contracts

Sources: Merger Agreement (Park Sterling Corp), Merger Agreement (SOUTH STATE Corp)

Takeover Laws and Provisions. The adoption and approval by the board of directors of the Company of this Agreement, the Merger and the other Transactions transactions contemplated hereby represent all the action necessary by the Company to render inapplicable to this Agreement, the Merger and the other Transactionstransactions contemplated hereby, the provisions of any potentially applicable provisions of any takeover laws of any state, including any “moratorium,” “control share,” “fair price,” “takeover” or “interested shareholder” law (any such laws, “Takeover Statutes”), and any potentially applicable provision of the Company Articles of Incorporation and the Company Bylaws. No “fair price” Law or similar provision of the Company Articles of Incorporation or Company Bylaws is applicable to this Agreement and the Transactionstransactions contemplated hereby.

Appears in 2 contracts

Sources: Merger Agreement (S&t Bancorp Inc), Merger Agreement (DNB Financial Corp /Pa/)

Takeover Laws and Provisions. The adoption and approval by the board of directors of the Company of this Agreement, the Merger and the other Transactions transactions contemplated hereby represent all the action necessary by the Company to render inapplicable to this Agreement, the Merger and the other Transactionstransactions contemplated hereby, the provisions of any potentially applicable takeover laws of any state, including any “moratorium,” “control share,” “fair price,” “takeover” or “interested shareholder” law (any such laws, “Takeover Statutes”), and any potentially applicable provision of the Company Articles of Incorporation and the Company Bylaws. No “fair price” Law or similar provision of the Company Articles of Incorporation or Company Bylaws is applicable to this Agreement and the Transactionstransactions contemplated hereby.

Appears in 1 contract

Sources: Merger Agreement (Southeastern Bank Financial CORP)