Standstill Expiration Date definition
Examples of Standstill Expiration Date in a sentence
If, at any time or from time to time before the Standstill Expiration Date, the general partners of a Partnership submit to the limited partners of that Partnership a proposal that would result in such limited partners receiving securities that, upon consummation of the proposal, are listed on a national securities exchange or NASDAQ, AREH shall cause all the Units in that Partnership owned by AREH or any affiliate of AREH and not theretofore purchased by Presidio to be voted in favor of the proposal.
Although the Purchaser does not have any current intentions with regard to any of these matters, it will, following the Standstill Expiration Date, vote the BACs acquired pursuant to the Offer in its interest, which may, or may not, be in the best interest of non-tendering BACs holders.
Further, Sections 5.01 and 5.02 shall automatically terminate upon the Standstill Expiration Date.
Until the Standstill Expiration Date, neither the Company, the Board nor any committee thereof shall, without the Investor’s prior written consent, extend, declare or enter into any shareholder rights plan, rights agreement or any other “poison pill”, “proxy put” or other antitakeover arrangement (collectively, a “Plan”), if such Plan would restrict the Investor Parties from engaging in any transaction, or taking any action, otherwise permitted pursuant to Section 4.03.
Until the Standstill Expiration Date, the Purchaser has agreed to vote its BACs in the same manner as the majority of all voting BACs holders; provided, however, the Purchaser shall be entitled to vote its BACs as it determines with regard to any proposal (i) to remove the General Partner or (ii) concerning the reduction of any fees, profits, distributions or allocations for the benefit of the General Partner or its affiliates.