Common use of Takeover Laws; No Rights Triggered Clause in Contracts

Takeover Laws; No Rights Triggered. (a) If any Takeover Law may become, or may purport to be, applicable to the Transactions or the Secondary Treasury Sales, the Company and the members of the Board of Directors shall grant such approvals and take such actions as are necessary so that the Transactions or the Secondary Treasury Sales may be consummated, as promptly as practicable, on the terms contemplated by this Agreement and the Secondary Sale Agreement, as the case may be, and otherwise act to eliminate or minimize the effects of any Takeover Law on any of the Transactions or the Secondary Treasury Sales. (b) The Company and the Board of Directors hereby agree not to deem or treat the Investor and each of its “Permissible Transferees” as an “Acquiring Person” (as defined in the Company Rights Agreement) as a result of the consummation of the Transactions and the Secondary Treasury Sale, including the purchase of the Purchased Shares or the transfer of any Purchased Shares to a “Permissible Transferee.”