Target Shareholder Approval definition
Examples of Target Shareholder Approval in a sentence
Subject only to Requisite Target Shareholder Approval, the Target has full power and authority (including full corporate power and authority) and has taken all corporate actions necessary to authorize the execution and delivery of this Agreement and the performance of its obligations hereunder.
This Agreement may be amended, supplemented or modified by the parties hereto, by or pursuant to action taken by their respective boards of directors, at any time prior to the Effective Time; provided, however, that, after the Parent Stockholder Approval or the Target Shareholder Approval has been obtained, no amendment which, by Law or under the rules of any applicable securities exchange, requires further stockholder approval may be made without such further stockholder approval.
When a single family house acquired under the CONACT is determined to be suited for the SFH program, it may be offered for sale as a SHF unit as though it had been acquired under the SFH program.
Notwithstanding any Change in the Target Recommendation, this Agreement shall be submitted to the shareholders of Target at the Shareholders’ Meeting for the purpose of obtaining the Target Shareholder Approval and nothing contained herein shall be deemed to relieve Target of such obligation.
Subject to the provisions of Section 7.2, Target shall (i) through its board of directors, recommend to its shareholders the approval and adoption of this Agreement (the “Target Recommendation”), (ii) include such Target Recommendation in the Proxy Statement and (iii) use its reasonable best efforts to obtain the Target Shareholder Approval.
This Agreement may be amended by the parties hereto by action taken by or on behalf of their respective boards of directors at any time prior to the Effective Time; provided, however, that, after the Target Shareholder Approval, no amendment may be made which by applicable law requires further approval by such shareholders without such further approval.
Subject to the provisions of Section 7.2, Target shall, through its board of directors, recommend to its shareholders the approval and adoption of this Agreement (the “Target Recommendation”) and use its reasonable best efforts to obtain the Target Shareholder Approval.
The Target Shareholder Approval shall not have been declared or held unenforceable or otherwise become ineffective.
To the extent permitted by Law, this Agreement may be amended by a subsequent writing signed by each of the Parties upon the approval of each of the Parties, whether before or after shareholder approval of this Agreement has been obtained; provided, that after obtaining Target Shareholder Approval, there shall be made no amendment that requires further approval by such shareholders.
Target will immediately inform Parent to the extent it becomes aware at any time of any circumstances that could result in the Target Shareholder Approval being declared or held unenforceable or otherwise becoming ineffective and, if such Target Shareholder Approval becomes ineffective, the Target Board will use its reasonable best efforts to again obtain from its shareholders the Target Shareholder Approval.