Common use of Takeover Restrictions Clause in Contracts

Takeover Restrictions. (a) The Company, Seller and Parent have each taken all action required to be taken by it in order to exempt this Agreement and the transactions contemplated hereby from the requirements of any "moratorium," "control share," "fair price," "affiliate transaction," "business combination," or other antitakeover laws and regulations of any state. (b) No provision of the Certificate of Limited Partnership of the Company or the Company Partnership Agreement or comparable organizational documents of any of the Company Subsidiaries would, directly or indirectly, restrict or impair the ability of Buyer or any of its Affiliates to vote, or otherwise to exercise the rights of a unitholder with respect to, Units that may be acquired or controlled by Buyer or any of its Affiliates pursuant to this Agreement or permit any unitholder to acquire Units on a basis not available to Buyer or in the event that Buyer were to acquire Units. (c) The Company is not a party to any shareholder rights plan or similar antitakeover agreement or arrangement.