Hostile Takeover

Hostile Takeover. Shall mean any "person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becoming the "beneficial owner" (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by the Company's then outstanding voting securities, without the approval of the Company's Board of Directors;

Hostile Takeover. A transaction or series of transactions that results in any person acquiring Beneficial Ownership of more than 50% of the combined voting power of the Company's then outstanding Voting Securities without the approval of the Board.

Hostile Takeover. Means a change in ownership of the Company effected through a transaction in which: (i) any person or group of persons (within the meaning of Section 13(d)(3) of the Exchange Act), other than the Company or a person that directly or indirectly controls, is controlled by, or is under common control with the Company, directly or indirectly acquires Beneficial Ownership of... securities possessing more than 50% of the total combined voting power of the Company's outstanding securities pursuant to a tender or exchange offer made directly to the Company's stockholders that the Board does not recommend such stockholders to accept, and (ii) more than 50% of the securities so acquired in such tender or exchange offer are accepted from holders other than the officers and directors of the Company who are subject to the short-swing profit restrictions of Section 16 of the Exchange Act. View More

Hostile Takeover. Shall mean any transaction (or one or more related transactions) pursuant to which any "Person" (as such term is used in Sections 13(d) and 14(d) of the Act) is or becomes the "Beneficial Owner" (as defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's outstanding voting securities without regard to whether the Board has approved such acquisition(s).