Common use of Voidability Clause in Contracts

Voidability. If prior to the execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 10 contracts

Samples: Loan and Security Agreement (Gynecare Inc), Stockholder Agreement (Johnson & Johnson), Stockholder Agreement (Johnson & Johnson)

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Voidability. If prior to the execution hereof, the Board of ----------- Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Recapitalization Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub MergerCo would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 5 contracts

Samples: Voting Agreement (Xtra Corp /De/), Voting Agreement (Xtra Corp /De/), Voting Agreement (Xtra Corp /De/)

Voidability. If prior to the execution hereof, the Board board of Directors directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, action this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub Purchaser would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL General Corporation Law of the State of Delaware (the “DGCL”) from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Golden State Vintners Inc), Agreement and Plan of Merger (Golden State Vintners Inc), Escrow Agreement (Golden State Vintners Inc)

Voidability. If prior to the execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Merger Sub would become, or could reasonably be expected to become an "interested stockholder" Stockholder” with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCLDelaware Law), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 3 contracts

Samples: Stockholder Agreement (Playtex Products Inc), Stockholder Agreement (Energizer Holdings Inc), Stockholder Agreement (Energizer Holdings Inc)

Voidability. If prior to the execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 3 contracts

Samples: Stockholder Agreement (Closure Medical Corp), Stockholder Agreement (Closure Medical Corp), Stockholder Agreement (Animas Corp)

Voidability. If prior to the execution hereof, the Board of Directors of the Company EVT shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub Guidant would become, or could reasonably be expected to become an "interested stockholder" with whom the Company EVT would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Endovascular Technologies Inc), Exhibit 99 (Guidant Corp), Support Agreement Support Agreement (Guidant Corp)

Voidability. If prior to the execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Merger Sub would become, or could reasonably be expected to become become, an "interested stockholder" Stockholder” with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL Delaware Law from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCLDelaware Law), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 2 contracts

Samples: Voting Agreement (Labarge Inc), Voting Agreement (Ducommun Inc /De/)

Voidability. If prior to the execution hereof, the Board of ----------- Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub the Investor would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 2 contracts

Samples: Stockholder Agreement (Three Rivers Acquisition Corp), Stockholders Agreement (Boss Investment LLC)

Voidability. If prior to the execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, action the acquisition of Company Common Stock by Parent and Purchaser and other transactions contemplated by this Agreement, the Merger Agreement and the transactions contemplated hereby and therebyMerger Agreement, so that by the execution and delivery hereof Parent or Sub Purchaser would become, or could reasonably be expected to become become, an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 2 contracts

Samples: Stockholders Agreement (McFarland Energy Inc), Stockholders Agreement (Monterey Acquisition Corp)

Voidability. If prior to the execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub would become, or could reasonably be expected to become become, an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 2 contracts

Samples: Stockholder Agreement (Unison Software Inc), Stockholder Agreement (International Business Machines Corp)

Voidability. If prior to the execution hereof, the Board of ----------- Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub would become, or could reasonably be expected to become an "interested stockholder" with whom within the Company would be prevented for any period pursuant to Section 203 meaning of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 1 contract

Samples: Stockholder Agreement (Mandaric Milan)

Voidability. If prior to the execution hereof, the Board of Directors of the Company Cross shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent Interpore or Sub would become, or could reasonably be expected to become an "interested stockholder" with whom the Company Cross would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 1 contract

Samples: Stockholder Agreement (Interpore International /Ca/)

Voidability. If prior to the execution hereof, the Board of Directors of ----------- the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub the Investor would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Building One Services Corp)

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Voidability. If prior to the execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger 12 Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 1 contract

Samples: Stockholder Agreement (Johnson & Johnson)

Voidability. If prior to the execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Recapitalization Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub MergerCo would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 1 contract

Samples: Voting Agreement (Trinity I Fund L P)

Voidability. If prior to the execution hereof, the Board of ----------- Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 1 contract

Samples: Stockholder Agreement (SMT Health Services Inc)

Voidability. If prior to the execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub the Investor would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 1 contract

Samples: Stockholder Agreement (Ge Fund)

Voidability. If prior to the execution hereof, the Board board of Directors directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, action this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub Purchaser would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL General Corporation Law of the State of Delaware (the "DGCL") from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 1 contract

Samples: Stockholders Support Agreement (CFC International Inc)

Voidability. If prior to the ----------- execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, action the acquisition of Company Common Stock by Parent and Sub and the other transactions contemplated by this Agreement, the Merger Agreement and the transactions contemplated hereby and therebyMerger Agreement, so that by the execution and delivery hereof Parent or Sub would become, or could reasonably be expected to become become, an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 1 contract

Samples: Stockholder Agreement (International Business Machines Corp)

Voidability. If prior to the execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Recapitalization Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub MergerCo would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.. (h)

Appears in 1 contract

Samples: Form of Voting Agreement Voting Agreement (Wheels Mergerco LLC)

Voidability. If prior to the execution hereof, the Board of Directors of the Company shall not have duly and validly authorized and approved by all necessary corporate action, this Agreement, the Merger Agreement and the transactions contemplated hereby and thereby, so that by the execution and delivery hereof Parent or Sub the Investor would become, or could reasonably be expected to become an "interested stockholder" with whom the Company would be prevented for any period pursuant to Section 203 of the DGCL from engaging in any "business combination" (as such terms are defined in Section 203 of the DGCL), then this Agreement shall be void and unenforceable until such time as such authorization and approval shall have been duly and validly obtained.

Appears in 1 contract

Samples: Stockholder Agreement (Alliance Imaging Inc /De/)

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