iHeartMedia 2003 Annual Report Download - page 118

Download and view the complete annual report

Please find page 118 of the 2003 iHeartMedia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 179

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179

successors or Subsidiaries; or (C) directly or indirectly, advise, assist,
encourage, induce or act as a financing source for others to take any such
action;
(v) take any action for the purpose of (A) convening a meeting
of the shareholders of the Company or any of its successors or Subsidiaries; (B)
taking action by written consent of the shareholders of the Company or any of
its successors or Subsidiaries; or (C) directly or indirectly, advise, assist,
encourage, induce or act as a financing source for others to take such action;
(vi) except in connection with actions otherwise permitted by
this Agreement, make any public announcement or disclosure relating to (A) the
acquisition of Voting Securities that would result in the aggregate beneficial
ownership of Voting Securities of the Shareholder exceeding the Percentage
Limitation; (B) a proposal for a Business Combination Transaction; or (C) a
tender offer or exchange offer for Voting Securities;
(vii) except as permitted by Section 3.1, enter into or agree,
offer, commence, propose or seek to enter into, discuss or otherwise be involved
in or part of, directly or indirectly, any (A) tender offer or exchange offer
for Voting Securities or (B) any Business Combination Transaction;
(viii) request or solicit any Person or negotiate with any
Person to (A) make a tender offer or exchange offer for Voting Securities or (B)
make a Business Combination Transaction;
(ix) make any proposal for (A) any Business Combination
Transaction to the Company or its Board of Directors or (B) a tender offer or
exchange offer for Voting Securities;
(x) except in connection with bona fide estate planning
activities undertaken by a Shareholder who is an individual, deposit Voting
Securities into a voting trust or subject Voting Securities to voting agreements
or grant any proxy with respect to any Voting Securities to any person not
designated by the Company’s Board of Directors, other than in connection with a
bona fide pledge of Voting Securities by a Shareholder who is an individual;
(xi) form, join or in any way participate in a 13d Group for
the purpose of taking any action restricted or prohibited under any clause of
this Subsection (a) of Section 2.1;
(xii) disclose publicly any intention, plan or arrangement
inconsistent with the foregoing or the other provisions of this Agreement
relating to any Voting Securities; or
(xiii) enter into any discussions, negotiations, arrangements
or understandings with any third party with a view to, or advise, aid, abet,
solicit, induce, encourage or finance in whole or in part, any action prohibited
by any clause of this Subsection (a) of Section 2.1 if such action were taken by
a Shareholder or which action would be prohibited by any clause of this
Subsection (a) of Section 2.1 if such third party were a Shareholder.
4