Common use of Access and Investigation Clause in Contracts

Access and Investigation. (a) During the period from the date of this Agreement until the earlier of the Effective Time and the termination of this Agreement (the “Pre-Closing Period”), upon reasonable advance notice to the Company, the Company shall, and shall cause its Subsidiaries and the respective Representatives of the Acquired Corporations to: (a) provide Parent and Parent’s Representatives with reasonable access during normal business hours of the Company to the Acquired Corporations’ Representatives, personnel, properties, assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations; and (b) furnish promptly to Parent and Parent’s Representatives such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations, and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnel, as Parent may reasonably request; provided, however, that any such access shall be conducted at Parent’s expense, under the supervision of appropriate personnel of the Company, and in such a manner as to not to interfere unreasonably with the normal operation of the business of the Company. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In addition, during the Pre-Closing Period, the Company shall, and shall cause the other Acquired Corporations to, (i) furnish, as promptly as reasonably practicable, to Parent a copy of all monthly and other interim financial statements as the same become available, (ii) cause one or more of its designated Representatives to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality and the general status of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needs, and (iii) cooperate with Parent as it reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations of Parent and its Subsidiaries, together with the Acquired Corporations, after the Effective Time; provided, however, that in no event shall any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation of the business of the Company. With respect to the information disclosed pursuant to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and non-use obligations under the Confidentiality Agreement dated September 24, 2014, between the Company and Parent (the “Confidentiality Agreement”). Notwithstanding anything herein to the contrary, Parent, Merger Sub or Merger LLC shall not, and shall cause their respective Representatives not to, contact any customer or vendor of the Company in connection with the Mergers or any of the other transactions contemplated by this Agreement without the Company’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree that any such contact shall be arranged and supervised by Representatives of the Company.

Appears in 3 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (RR Donnelley & Sons Co), Agreement and Plan of Merger (COURIER Corp)

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Access and Investigation. (a) During the period from the date of this Agreement until the earlier of the Effective Time and the termination of this Agreement (the “Pre-Closing Period”), upon reasonable advance notice to the Company, the Company shall, GHX shall (and shall cause its Subsidiaries and the respective Representatives of the Acquired Corporations to: ): (a) provide Parent the Stockholder and Parentthe Stockholder’s Representatives with reasonable access during normal business hours of the Company hours, upon reasonable notice to the Acquired CorporationsGHX, to GHX’s and its SubsidiariesRepresentatives, personnel, properties, personnel and assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired CorporationsGHX or its Subsidiaries; and (b) furnish promptly provide or make available to Parent the Stockholder and Parentthe Stockholder’s Representatives such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to GHX or its Subsidiaries as the Acquired Corporations, and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnel, as Parent Stockholder may reasonably request; provided, however, that . Without limiting the generality of any such access shall be conducted at Parent’s expense, under the supervision of appropriate personnel of the Company, and in such a manner as to not to interfere unreasonably with the normal operation of the business of the Company. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In additionforegoing, during the Pre-Closing PeriodPeriod and subject to applicable Antitrust Laws, GHX and the Company shall, and Stockholder shall cause promptly provide the other Acquired Corporations toparty with copies of any notice, (i) furnishreport or other document filed with or sent to any Governmental Body on behalf of GHX or the Stockholder, as promptly as reasonably practicableapplicable, to Parent a copy of all monthly and other interim financial statements as the same become available, (ii) cause one or more of its designated Representatives to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality and the general status of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needs, and (iii) cooperate with Parent as it reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations of Parent and its Subsidiaries, together with the Acquired Corporations, after the Effective Time; provided, however, that in no event shall any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation of the business of the Company. With respect to the information disclosed pursuant to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and non-use obligations under the Confidentiality Agreement dated September 24, 2014, between the Company and Parent (the “Confidentiality Agreement”). Notwithstanding anything herein to the contrary, Parent, Merger Sub or Merger LLC shall not, and shall cause their respective Representatives not to, contact any customer or vendor of the Company in connection with the Mergers Merger or any of the other transactions contemplated by this Agreement without the Company’s prior written consent (which consent Contemplated Transactions. The foregoing shall not require GHX to permit any inspection, or to disclose any information, that in the reasonable judgment of GHX could reasonably be unreasonably withheldexpected to result in (i) the disclosure of any trade secrets of third parties or the violation of any obligations of GHX with respect to confidentiality if GHX shall have used reasonable efforts to obtain the consent of such third party to such inspection or disclosure, conditioned (ii) the waiver of any applicable attorney-client privilege so long as GHX has taken reasonable steps to permit inspection of or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree to disclose information described in this clause (ii) on a basis that does not compromise GHX’s privilege with respect thereto or (iii) the violation of any such contact applicable Legal Requirement. The parties shall be arranged and supervised seek in good faith appropriate substitute disclosure arrangements under circumstances in which the immediately preceding sentence applies. No investigation by Representatives the Stockholder shall limit or otherwise affect any of the Companyrepresentations, warranties, covenants or obligations of GHX contained in this Agreement.

Appears in 3 contracts

Samples: Exchange Agreement (University Healthsystem Consortium), Exchange Agreement (Neoforma Inc), Exchange Agreement (Global Healthcare Exchange, LLC)

Access and Investigation. (a) During the period from commencing on the date of this Agreement until and ending as of the earlier of the Effective Time and or the termination of this Agreement (the "Pre-Closing Period"), upon reasonable advance notice to the Company, the Company shall, and shall cause its Subsidiaries and the respective Representatives of the Acquired Corporations to: (a) provide Parent and Parent’s 's Representatives with reasonable access during normal business hours of the Company to the Acquired Corporations' Representatives, personnel, properties, personnel and assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations; and (b) furnish promptly to provide Parent and Parent’s 's Representatives with such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations, and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnel, Corporations as Parent may reasonably request; provided, however, that any such access shall be conducted at Parent’s expense, under the supervision of appropriate personnel of the Company, and in such a manner as to not to interfere unreasonably with the normal operation of the business of the Company. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In addition, during During the Pre-Closing Period, the Company shall, and shall cause the other Representatives of each of the Acquired Corporations to, permit Parent's senior officers to meet, upon reasonable notice and during normal business hours, with the chief financial officer and other officers of the Company responsible for the Company's financial statements and the internal controls of the Acquired Corporations to discuss such matters as Parent may deem necessary or appropriate in order to enable Parent to satisfy its obligations under the Xxxxxxxx-Xxxxx Act and the rules and regulations relating thereto. Without limiting the generality of any of the foregoing, during the Pre-Closing Period: (i) furnishthe Company shall promptly provide Parent with copies of: (A) upon the request of Parent, as promptly as reasonably practicable, to Parent a copy unaudited monthly consolidated balance sheets of all monthly and other interim financial statements as the same become available, (ii) cause one or more of its designated Representatives to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality Acquired Corporations and the general status related unaudited monthly consolidated statements of ongoing operations, including the status and, if prepared, statements of customer relations, order backlog and future plans to service customer needs, cash flows; and (iiiB) cooperate subject to applicable Antitrust Laws, any notice, report or other document filed with Parent as it reasonably requests or sent to assist Parent in planning to implement Parent’s plans for conducting the combined operations any Governmental Body on behalf of Parent and its Subsidiaries, together with any of the Acquired Corporations, after the Effective Time; provided, however, that in no event shall any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation of the business of the Company. With respect to the information disclosed pursuant to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and non-use obligations under the Confidentiality Agreement dated September 24, 2014, between the Company and Parent (the “Confidentiality Agreement”). Notwithstanding anything herein to the contrary, Parent, Merger Sub or Merger LLC shall not, and shall cause their respective Representatives not to, contact any customer or vendor of the Company Corporations in connection with the Mergers Merger or any of the other transactions contemplated by this Agreement without Contemplated Transactions; and (ii) subject to applicable Antitrust Laws, Parent shall promptly provide the Company or the Company’s prior written consent (which consent shall not be unreasonably withheld's Representatives with copies of any material notice, conditioned report or delayed), and Parent, other document filed with or sent to any Governmental Body on behalf of Parent or Merger Sub and in connection with the Merger LLC acknowledge and agree that or any such contact shall be arranged and supervised by Representatives of the Companyother Contemplated Transactions.

Appears in 3 contracts

Samples: Iii Agreement and Plan of Merger and Reorganization (Adobe Systems Inc), Iii Agreement and Plan of Merger and Reorganization (Adobe Systems Inc), Iii Agreement and Plan of Merger and Reorganization (Macromedia Inc)

Access and Investigation. (a) During the period from the date of this Agreement until through the earlier to occur of the Effective Time and the termination of this Agreement in accordance with its terms (the “Pre-Closing Period”), upon reasonable advance notice subject to applicable Legal Requirements and antitrust laws, data privacy/protection Legal Requirements and regulations relating to the Companyexchange of information, the Company shall, and shall cause its Subsidiaries and the respective Representatives of the Acquired Corporations to: Companies to (ai) provide Parent and Parent’s Representatives with reasonable access during normal business hours upon reasonable advance notice to the respective Representatives, personnel and assets of the Company to the Acquired Corporations’ Representatives, personnel, properties, assets Companies and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations; Companies, and (bii) furnish promptly to provide or make available Parent and Parent’s Representatives with such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired CorporationsCompanies, and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnelCompanies, as Parent may reasonably request; provided, however, that any such access shall be conducted at Parent’s expense, under . Without limiting the supervision of appropriate personnel generality of the Company, and in such a manner as to not to interfere unreasonably with the normal operation of the business of the Company. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In additionforegoing, during the Pre-Closing Period, the Company shallshall promptly provide or make available to Parent with copies of (A) all material operating and financial reports prepared by the Company for the Company’s senior management, including if any (1) copies of the unaudited monthly consolidated balance sheets of the Company and shall cause its consolidated subsidiaries and the other Acquired Corporations torelated unaudited monthly consolidated statements of operations, statements of shareholders’ equity and statements of cash flows, (i2) furnishcopies of any sales forecasts, as promptly as reasonably practicablemarketing plans, to Parent a copy of all monthly development plans, write-off reports, hiring reports and other interim financial statements as capital expenditure reports prepared for the same become available, (ii) cause one or more of its designated Representatives to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality and the general status of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needsCompany’s senior management, and (iii3) cooperate to the extent not otherwise publicly available in the Company’s filings with Parent as it reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations SEC on the SEC website, copies of Parent the audited annual consolidated financial statements of the Company and its Subsidiariesconsolidated subsidiaries, together with (B) any written materials or communications sent by or on behalf of the Company to its shareholders, (C) any material notice, document or other communication sent by or on behalf of any of the Acquired Corporations, after the Effective Time; provided, however, that in no event shall Companies to any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation party to any Acquired Company Contract or sent to any of the business of the Company. With respect Acquired Companies by any party to the information disclosed pursuant any Acquired Company Contract (other than any communication that relates solely to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and non-use obligations under the Confidentiality Agreement dated September 24, 2014, commercial transactions between the Company and Parent (the “Confidentiality Agreement”). Notwithstanding anything herein other party to the contrary, Parent, Merger Sub or Merger LLC shall not, any such Acquired Company Contract and shall cause their respective Representatives not to, contact any customer or vendor that is of the Company type sent in the ordinary course of business and consistent with past practices), (D) any notice, report or other document filed with or delivered or sent to any Governmental Body in connection with the Mergers Merger or any of the other transactions contemplated by this Agreement without the Company’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed)Agreement, and Parent(E) any material notice, Merger Sub and Merger LLC acknowledge and agree that report or other document received by any such contact of the Acquired Companies from any Governmental Body. Any investigation conducted pursuant to the access contemplated by this Section 5.1 shall be arranged and supervised by Representatives conducted in a manner that does not unreasonably interfere with the conduct of the Companybusiness of the Acquired Companies or damage or destroy any material property or assets of the Acquired Companies.

Appears in 2 contracts

Samples: Agreement of Merger (Voltaire Ltd.), Agreement of Merger (Mellanox Technologies, Ltd.)

Access and Investigation. (a) During the period from commencing on the date of this Agreement until and ending as of the earlier of the Effective Time and the termination of this Agreement in accordance with Section 7 or the Acceptance Time (the “Pre-Closing Period”), subject to applicable Legal Requirements (including attorney-client privilege and work product doctrine) and the terms of any confidentiality restrictions under Contracts of a party as of the date hereof, upon reasonable advance written notice to the Company, Company the Company shall, and shall cause its Subsidiaries and the respective Representatives of the Acquired Corporations to: (a) provide the Representatives of Parent and Parent’s Representatives with reasonable access during normal business hours of the Company to the Acquired Corporations’ Representatives, personnel, properties, personnel and assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating of the Company or any of its Subsidiaries, in each case as reasonably requested by Parent; provided, that any such access shall be conducted at a reasonable time and in such a manner as not to interfere unreasonably with the Acquired Corporationsoperation of any business conducted by the Company or any of its Subsidiaries; and (b) furnish promptly to provide the Representatives of Parent and Parent’s Representatives with such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations, and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnel, as Parent may reasonably request; provided, however, that any such access shall be conducted at Parent’s expense, under the supervision of appropriate personnel of the Company, Company and in such a manner its Subsidiaries as to not to interfere unreasonably with the normal operation of the business of the Companyreasonably requested by Parent. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In addition, during During the Pre-Closing Period, the Company shall, and shall cause the other Acquired Corporations to, (i) furnish, as promptly as reasonably practicable, to Parent a copy of all monthly and other interim financial statements as the same become available, (ii) cause one or more of its designated Representatives to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality and the general status of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needs, and (iii) cooperate with Parent as it reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations of Parent and its Subsidiaries, together with the Acquired Corporations, after the Effective Time; provided, however, that in no event shall any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation of the business of the Company. With respect to the information disclosed pursuant to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and non-use obligations under the Confidentiality Agreement dated September 24, 2014, between the Company and Parent (the “Confidentiality Agreement”). Notwithstanding anything herein to the contrary, Parent, Merger Sub or Merger LLC shall notshall, and shall cause their respective Representatives not to, contact cause their senior officers to meet, upon reasonable notice and during normal business hours, with their respective chief financial officers and other officers responsible for the Company’s and Parent’s financial statements and the internal controls, respectively, to discuss such matters as the Company or Parent may deem necessary or appropriate. Without limiting the generality of any customer or vendor of the foregoing, during the Pre-Closing Period (but subject to applicable Legal Requirements, and except in the case of any document relating to any Acquisition Proposal, Superior Offer or Triggering Event), (x) the Company and Parent shall each promptly provide the other with copies of any notice, report or other document filed with or sent to any Governmental Body on behalf of any of the Target Companies or Parent or Purchaser in connection with the Mergers Merger or any of the other transactions contemplated Contemplated Transactions a reasonable time in advance of the filing or sending of such document in order to permit a review thereof, and (y) schedule a weekly meeting (either in person or by phone or video link) of the senior management of the Target Companies with Representatives of Parent to discuss any topics material to the operation of the Target Companies that arose in the prior week or are reasonably expected to arise in the coming week. Nothing herein shall require the Company or Parent to disclose any information if such disclosure would jeopardize any attorney-client privilege or contravene any applicable Legal Requirement or binding agreement entered into prior to the date of this Agreement (including any confidentiality agreement to which a Target Company is a party); provided that the parties shall, to the extent reasonably practicable, disclose such information without jeopardizing such privilege or contravening such Legal Requirements or binding agreements. Nothing in this Section 4.1 shall require the Company to permit any inspection of, or to disclose: (i) any information concerning Acquisition Proposals, which shall be governed by Section 4.4, (ii) any information regarding the deliberations of the Company Board or the Special Committee with respect to the Contemplated Transactions or any similar transaction or transactions with any other person, the entry into the Agreement, or any materials provided to the Company Board or Special Committee in connection therewith, or (iii) materials prepared by the Company’s, the Company Board’s, or any Special Committee’s prior written consent (financial, accounting, or legal advisors with respect to the Contemplated Transactions or which consent shall not be unreasonably withheld, conditioned is subject to an attorney/client or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree that any such contact an attorney work product privilege. All information exchanged pursuant to this Section 4.1 shall be arranged and supervised subject to the Confidentiality Agreement. No access or information pursuant to this Section 4.1 shall affect or be deemed to modify any representation or warranty made or deemed made by Representatives of the CompanyCompany herein.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (AutoWeb, Inc.), Agreement and Plan of Merger (AutoWeb, Inc.)

Access and Investigation. (a) During the period from commencing on the date of this Agreement until and ending as of the earlier of the Effective Time and or the termination of this Agreement in accordance with Article 8 (the “Pre-Closing Period”), subject to applicable Legal Requirements (including attorney-client privilege and work product doctrine) and the terms of any confidentiality restrictions under Contracts of a party as of the date hereof, upon reasonable advance notice to the Company, the Company shalland Parent shall each, and shall cause its each of their respective Subsidiaries and the respective Representatives of the Acquired Corporations to: (a) provide Parent and Parent’s the Representatives of the other party with reasonable access during normal business hours of the Company to the Acquired Corporations’ Representatives, its personnel, properties, tax and accounting advisers and assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to such Entity or any of its Subsidiaries, in each case as reasonably requested by Parent or the Acquired CorporationsCompany and in such manner as shall not unreasonably interfere with the business or operations of the party providing such access, as the case may be; and (b) furnish promptly to Parent and Parent’s provide the Representatives of the other party with such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations, such Entity and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnel, its Subsidiaries as reasonably requested by Parent may reasonably request; provided, however, that any such access shall be conducted at Parent’s expense, under the supervision of appropriate personnel of or the Company, and in such a manner as to not to interfere unreasonably with the normal operation of case may be. During the business of the Company. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In addition, during the Pre-Pre- Closing Period, the Company shall, and shall cause the other Acquired Corporations Representatives of each of the Company Entities to, (i) furnishpermit Parent’s senior officers to meet, as promptly as reasonably practicableupon reasonable notice and during normal business hours, to Parent a copy of all monthly with the Chief Financial Officer and other interim officers of the Company responsible for the Company’s financial statements and the internal controls of the Company Entities to discuss such matters as Parent may deem necessary or appropriate in order to enable Parent to satisfy its post-Closing obligations under the Xxxxxxxx-Xxxxx Act and the rules and regulations relating thereto. During the Pre-Closing Period, Parent shall, and shall cause the Representatives of each of Parent to, permit the Company’s senior officers to meet, upon reasonable notice and during normal business hours, with the Chief Financial Officer and other officers of Parent responsible for the Parent’s financial statements and the internal controls of the Parent Entities to discuss such matters as the same become available, (ii) cause one Company may deem necessary or more of its designated Representatives appropriate in order to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality and the general status of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needs, and (iii) cooperate with Parent as it reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations enable post-closing management of Parent and the Surviving Corporation to satisfy its Subsidiaries, together with the Acquired Corporations, after the Effective Time; provided, however, that in no event shall any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation of the business of the Company. With respect to the information disclosed pursuant to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and nonpost-use Closing obligations under the Confidentiality Agreement dated September 24Xxxxxxxx-Xxxxx Act and the rules and regulations relating thereto. Without limiting the generality of any of the foregoing, 2014during the Pre-Closing Period, between subject to applicable Legal Requirements, the Company and Parent (shall each promptly provide the “Confidentiality Agreement”). Notwithstanding anything herein other with copies of any notice, report or other document filed with or sent to the contrary, Parent, Merger Sub or Merger LLC shall not, and shall cause their respective Representatives not to, contact any customer or vendor Governmental Body on behalf of any of the Company Entities or Parent or Merger Sub in connection with the Mergers Merger or any of the other transactions contemplated by this Agreement without the Company’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree that any such contact shall be arranged and supervised by Representatives of the CompanyContemplated Transactions.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Precision Therapeutics Inc.), Agreement and Plan of Merger

Access and Investigation. (a) During the period from the date of this Agreement until the earlier of the Effective Time and the termination of this Agreement (the “Pre-Closing Period”), upon reasonable advance notice to the Company, the Company shall, and shall cause its Subsidiaries and the respective Representatives of the Acquired Corporations to: (a) provide Parent and Parent’s Representatives with reasonable access during normal business hours of the Company to the Acquired Corporations’ Representatives, personnel, properties, assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations; and (b) furnish promptly to Parent and Parent’s Representatives such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations, and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnel, as Parent may reasonably request; provided, however, that any such access shall be conducted at Parent’s expense, under the supervision of appropriate personnel of the Company, and in such a manner as to not to interfere unreasonably with the normal operation of the business of the Company. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In addition, during the Pre-Closing Period, the Company shall, and shall cause the other Acquired Corporations to, (i) furnish, as promptly as reasonably practicable, to Parent a copy of all monthly and other interim financial statements as the same become available, (ii) cause one or more of its designated Representatives to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality and the general status of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needs, and (iii) cooperate with Parent as it reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations of Parent and its Subsidiaries, together with the Acquired Corporations, after the Effective Time; provided, however, that in no event shall any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation of the business of the Company. With respect to the information disclosed pursuant to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and non-use obligations under the Confidentiality Agreement dated September 24November 12, 2014, between the Company and Parent (the “Confidentiality Agreement”). Notwithstanding anything herein to the contrary, Parent, Merger Sub or Merger LLC shall not, and shall cause their respective Representatives not to, contact any customer or vendor of the Company in connection with the 39 Mergers or any of the other transactions contemplated by this Agreement without the Company’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree that any such contact shall be arranged and supervised by Representatives of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Quad/Graphics, Inc.)

Access and Investigation. (a) During Subject to applicable Law, during the period from the date of this Agreement until the earlier of the Effective Time and the termination of this Agreement (the “Pre-Closing Period”), upon reasonable advance notice to the Company, the Company shall, shall ensure that each of the Company’s controlled Subsidiaries (excluding, for the avoidance of doubt, GAC) shall, and shall use reasonable best efforts to cause its Subsidiaries and the respective Representatives (including by exercising any rights under any applicable governing document) each of the other Acquired Corporations Companies to: (ai) provide Parent and Parent’s Representatives with reasonable access during normal business hours of the to such Acquired Company to the Acquired Corporations’ Representatives, and its personnel, properties, properties and assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to such Acquired Company upon reasonable advance notice during normal business hours and in such a manner as not to unreasonably interfere with the normal operation of the business of such Acquired CorporationsCompany; and (bii) furnish promptly to provide Parent and Parent’s Representatives with such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the such Acquired CorporationsCompany, and with such additional financial, operating and other data and information (including preparing and providing complete lists or reports of employee and independent contractor information reasonably requested by Parent) regarding the such Acquired Corporations’ business, properties, prospects and personnelCompany, as Parent may reasonably request; and (iii) use commercially reasonably efforts to cause such Acquired Companies’ third-party Representatives to cooperate with Parent and Parent’s Representatives in such investigations; provided, howeverthat no information or knowledge obtained by Parent or Merger Sub or investigation pursuant to this Section 4.1 or otherwise shall affect or be deemed to modify any representation, warranty, covenant or agreement made by the Company herein or the conditions to the obligation of any party to effect the Merger and otherwise consummate the Contemplated Transactions in accordance with the terms and provisions hereof or otherwise prejudice in any way the rights and remedies of Parent or Merger Sub hereunder, nor shall any such information, knowledge or investigation be deemed to affect or modify Parent’s or Merger Sub’s reliance on the representations, warranties, covenants and agreements made by the Company in this Agreement; provided, further, that the foregoing shall not require the Acquired Companies to permit any such access shall inspection, or to disclose any information, that would reasonably be conducted at Parent’s expenseexpected to (a) result in the disclosure of any trade secrets of third parties or violate any of its obligations to third parties with respect to confidentiality, under (b) result in a waiver or otherwise jeopardize the supervision protection of appropriate personnel any applicable privilege (including attorney‑client privilege) or other immunity or protection or (c) contravene any (1) Law applicable to any of the Company, and in such a manner as Acquired Companies or their respective businesses or (2) Contract to not to interfere unreasonably with the normal operation which any of the business Acquired Companies is a party or by which any of their assets or properties are bound (so long as the CompanyAcquired Companies have used commercially reasonably efforts to obtain the required consent of such third party to such inspection or disclosure). All requests for access or information made pursuant to this Section 5.1(a) 4.1 shall be directed to the an executive officer or other Person designated by the Company. In addition, during All such information shall be governed by the Pre-Closing Period, the Company shall, and shall cause the other Acquired Corporations to, (i) furnish, as promptly as reasonably practicable, to Parent a copy of all monthly and other interim financial statements as the same become available, (ii) cause one or more of its designated Representatives to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality and the general status of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needs, and (iii) cooperate with Parent as it reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations of Parent and its Subsidiaries, together with the Acquired Corporations, after the Effective Time; provided, however, that in no event shall any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation terms of the business of the Company. With respect to the information disclosed pursuant to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and non-use obligations under the Confidentiality Agreement dated September 24, 2014, between the Company and Parent (the “Confidentiality Agreement”). Notwithstanding anything herein to the contrary, Parent, Merger Sub or Merger LLC shall not, and shall cause their respective Representatives not to, contact any customer or vendor of the Company in connection with the Mergers or any of the other transactions contemplated by this Agreement without the Company’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree that any such contact shall be arranged and supervised by Representatives of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ecology & Environment Inc)

Access and Investigation. (a) During the period from the date of this Agreement until the earlier of through the Effective Time and the termination of this Agreement (the “Pre-Closing Period”), upon reasonable advance notice to the Company, the Company Acquired Companies shall, and shall cause its Subsidiaries and the respective their Representatives of the Acquired Corporations to: (a) provide Parent and Parent’s Representatives with reasonable access during normal business hours of the Company to the Acquired CorporationsCompanies’ Representatives, personnel, properties, personnel and assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired CorporationsCompanies; and (b) furnish promptly to provide Parent and Parent’s Representatives such with copies of the such existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired CorporationsCompanies, and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnelCompanies, as Parent may reasonably request; provided, however, that any such no information discovered through the access afforded by this 4.1 shall be conducted at Parent’s expensedeemed to amend or supplement the Disclosure Schedule or prevent or cure any misrepresentations, under breach of warranty or breach of covenant. Without limiting the supervision generality of appropriate personnel any of the Company, and in such a manner as to not to interfere unreasonably with the normal operation of the business of the Company. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In additionforegoing, during the Pre-Closing Period, the Company shall, and shall cause the other Acquired Corporations to, promptly provide Parent with copies of: (i) furnishunaudited monthly management accounts of the Acquired Companies and the related unaudited monthly management accounts relating to the operations and statements of cash flows, as promptly as reasonably practicable, to Parent a copy of together with all monthly other material operating and other interim financial statements as reports prepared by the same become available, Company for the Company’s senior management; (ii) cause one any notice, report or more other document filed with or sent to any Governmental Body on behalf of its designated Representatives to confer on a reasonable basis with designated Representatives any of Parent to report operational matters of materiality and the general status of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needs, and (iii) cooperate with Parent as it reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations of Parent and its Subsidiaries, together with the Acquired Corporations, after the Effective Time; provided, however, that in no event shall any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation of the business of the Company. With respect to the information disclosed pursuant to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and non-use obligations under the Confidentiality Agreement dated September 24, 2014, between the Company and Parent (the “Confidentiality Agreement”). Notwithstanding anything herein to the contrary, Parent, Merger Sub or Merger LLC shall not, and shall cause their respective Representatives not to, contact any customer or vendor of the Company Companies in connection with the Mergers Merger or any of the other transactions contemplated by this Agreement without the Company’s prior written consent Agreement; (which consent shall not be unreasonably withheldiii) any material notice, conditioned report or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree that other document received by any such contact shall be arranged and supervised by Representatives of the CompanyAcquired Companies from any Governmental Body; and (iv) any non-privileged notice, document or other communication sent by or on behalf of, or sent to, the Acquired Companies relating to any pending or threatened Legal Proceeding involving or affecting the Acquired Companies.

Appears in 1 contract

Samples: Agreement and Plan of Merger And (Dot Hill Systems Corp)

Access and Investigation. (a) During the period from commencing on the date of this Agreement until and ending as of the earlier of the Effective Time and or the termination of this Agreement in accordance with Article 8 (the “Pre-Closing Period”), subject to applicable Legal Requirements (including attorney-client privilege and work product doctrine) and the terms of any confidentiality restrictions under Contracts of a party as of the date hereof, upon reasonable advance notice to the Company, the Company shalland Parent shall each, and shall cause its each of their respective Subsidiaries and the respective Representatives of the Acquired Corporations to: (a) provide Parent and Parent’s the Representatives of the other party with reasonable access during normal business hours of the Company to the Acquired Corporations’ Representatives, its personnel, properties, tax and accounting advisers and assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to such Entity or any of its Subsidiaries, in each case as reasonably requested by Parent or the Acquired CorporationsCompany and in such manner as shall not unreasonably interfere with the business or operations of the party providing such access, as the case may be; and (b) furnish promptly to Parent and Parent’s provide the Representatives of the other party with such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations, such Entity and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnel, its Subsidiaries as reasonably requested by Parent may reasonably request; provided, however, that any such access shall be conducted at Parent’s expense, under the supervision of appropriate personnel of or the Company, and in such a manner as to not to interfere unreasonably with the normal operation of the business of the Companycase may be. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In addition, during During the Pre-Closing Period, the Company shall, and shall cause the other Acquired Corporations Representatives of each of the Company Entities to, (i) furnishpermit Parent’s senior officers to meet, as promptly as reasonably practicableupon reasonable notice and during normal business hours, to Parent a copy of all monthly with the chief financial officer and other interim officers of the Company responsible for the Company’s financial statements and the internal controls of the Company Entities to discuss such matters as Parent may deem necessary or appropriate in order to enable Parent to satisfy its post-Closing obligations under the Xxxxxxxx-Xxxxx Act and the rules and regulations relating thereto. During the Pre-Closing Period, Parent shall, and shall cause the Representatives of each of Parent to, permit the Company’s senior officers to meet, upon reasonable notice and during normal business hours, with the chief financial officer and other officers of Parent responsible for the Parent’s financial statements and the internal controls of the Parent Entities to discuss such matters as the same become available, (ii) cause one Company may deem necessary or more of its designated Representatives appropriate in order to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality and the general status of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needs, and (iii) cooperate with Parent as it reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations enable post-closing management of Parent and the Surviving Corporation to satisfy its Subsidiaries, together with the Acquired Corporations, after the Effective Time; provided, however, that in no event shall any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation of the business of the Company. With respect to the information disclosed pursuant to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and nonpost-use Closing obligations under the Confidentiality Agreement dated September 24Xxxxxxxx-Xxxxx Act and the rules and regulations relating thereto. Without limiting the generality of any of the foregoing, 2014during the Pre-Closing Period, between subject to applicable Legal Requirements, the Company and Parent (shall each promptly provide the “Confidentiality Agreement”). Notwithstanding anything herein other with copies of any notice, report or other document filed with or sent to the contrary, Parent, Merger Sub or Merger LLC shall not, and shall cause their respective Representatives not to, contact any customer or vendor Governmental Body on behalf of any of the Company Entities or Parent or Merger Sub in connection with the Mergers Merger or any of the other transactions contemplated by this Agreement without the Company’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree that any such contact shall be arranged and supervised by Representatives of the CompanyContemplated Transactions.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Broadcast International Inc)

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Access and Investigation. (a) During Subject to the terms of the Confidentiality Agreements, during the period from commencing upon the date execution and delivery of this Agreement until by all of the parties hereto and terminating upon the earlier to occur of the Effective Time and the termination of this Agreement (the “Pre-Closing Period”)pursuant to and in accordance with Section 10.1, upon reasonable advance notice to the Company, the Company shall, and shall cause its Subsidiaries and the respective Representatives of the Acquired Corporations to: (a) provide Parent and Parent’s Representatives with reasonable access during normal business hours of the Company to the Acquired Corporations’ Representatives, personnel, properties, assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations; and (b) furnish promptly to Parent and Parent’s Representatives such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations, and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnel, as Parent may reasonably request; provided, however, that any such access shall be conducted at Parent’s expense, under the supervision of appropriate personnel of the Company, and in such a manner as to not to interfere unreasonably with the normal operation of the business of the Company. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In addition, during the Pre-Closing Periodhours, the Company shall, and shall cause the other Acquired Corporations officers, employees, auditors and agents of the Company and each Company Subsidiary to, (i) furnishafford the officers, as promptly as reasonably practicableemployees and authorized agents and representatives of Parent reasonable access to the offices, to Parent a copy properties, books and records and appropriate officers, employees and representatives of all monthly the Company and other interim financial statements as the same become availableCompany Subsidiaries, and (ii) cause one or more of its designated Representatives furnish to confer on a reasonable basis with designated Representatives the officers, employees and authorized agents and representatives of Parent to report operational matters such additional financial, Tax and operating data and other information regarding the assets, properties, goodwill and business of materiality the Company and the general status of ongoing operations, including the status of customer relations, order backlog and future plans Company Subsidiaries as Parent may from time to service customer needs, and (iii) cooperate with Parent as it time reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations of Parent and its Subsidiaries, together with the Acquired Corporations, after the Effective Timerequest; provided, however, that in no event Parent shall not unreasonably interfere with any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation of the business businesses or operations of the CompanyCompany or any Company Subsidiary. With respect Subject to the information disclosed terms of the Confidentiality Agreements, during the period commencing upon the execution and delivery of this Agreement by all of the parties hereto and terminating upon the earlier to occur of the Effective Time and the termination of this Agreement pursuant to this and in accordance with Section 5.110.1, upon reasonable notice and during normal business hours, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and non-use obligations under the Confidentiality Agreement dated September 24, 2014, between the Company and Parent (the “Confidentiality Agreement”). Notwithstanding anything herein to the contrary, Parent, Merger Sub or Merger LLC shall notshall, and shall cause their respective Representatives not the officers, employees, auditors and agents of Parent and each Parent Subsidiary to, contact any customer or vendor (i) afford the officers, employees and authorized agents and representatives of the Company in connection reasonable access to the offices, properties, books and records and appropriate officers, employees and representatives of Parent and the Parent Subsidiaries, and (ii) furnish to the officers, employees and authorized agents and representatives of the Company such additional financial, Tax and operating data and other information regarding the assets, properties, goodwill and business of Parent and the Parent Subsidiaries as the Company may from time to time reasonably request; provided, however, that the Company shall not unreasonably interfere with the Mergers or any of the other transactions contemplated by this Agreement without the Company’s prior written consent (which consent shall not be unreasonably withheld, conditioned businesses or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree that operations of Parent or any such contact shall be arranged and supervised by Representatives of the CompanyParent Subsidiary.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Accuride Corp)

Access and Investigation. (a) During the period from the date of this Agreement until the earlier of the Effective Time and the termination of this Agreement (the “Pre-Closing Period”), upon reasonable advance notice to the Company, the Company shall, and shall cause its Subsidiaries and the respective Representatives of the Acquired Corporations to: (a) provide Parent and Parent’s Representatives with reasonable access during normal business hours of the Company to the Acquired Corporations’ Representatives, personnel, properties, assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations; and (b) furnish promptly to Parent and Parent’s Representatives such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations, and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnel, as Parent may reasonably request; provided, however, that any such access shall be conducted at Parent’s expense, under the supervision of appropriate personnel of the Company, and in such a manner as to not to interfere unreasonably with the normal operation of the business of the Company. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In addition, during the Pre-Closing Period, the Company shall, and shall cause the other Acquired Corporations to, (i) furnish, as promptly as reasonably practicable, to Parent a copy of all monthly and other interim financial statements as the same become available, (ii) cause one or more of its designated Representatives to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality and the general status of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needs, and (iii) cooperate with Parent as it reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations of Parent and its Subsidiaries, together with the Acquired Corporations, after the Effective Time; provided, however, that in no event shall any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation of the business of the Company. With respect to the information disclosed pursuant to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and non-use obligations under the Confidentiality Agreement dated September 24November 12, 2014, between the Company and Parent (the “Confidentiality Agreement”). Notwithstanding anything herein to the contrary, Parent, Merger Sub or Merger LLC shall not, and shall cause their respective Representatives not to, contact any customer or vendor of the Company in connection with the Mergers or any of the other transactions contemplated by this Agreement without the Company’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree that any such contact shall be arranged and supervised by Representatives of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (COURIER Corp)

Access and Investigation. (a) During the period from commencing on the date of this Agreement until and ending as of the earlier of the Effective Time and or the termination of this Agreement in accordance with ‎Article 8 (the “Pre-Closing Period”), subject to applicable Legal Requirements (including attorney-client privilege and work product doctrine) and the terms of any confidentiality restrictions under Contracts of a party as of the date hereof, upon reasonable advance notice to the Company, the Company shalland Parent shall each, and shall cause its each of their respective Subsidiaries and the respective Representatives of the Acquired Corporations to: (a) provide Parent and Parent’s the Representatives of the other party with reasonable access during normal business hours of the Company to the Acquired Corporations’ Representatives, its personnel, properties, tax and accounting advisers and assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to such Entity or any of its Subsidiaries, in each case as reasonably requested by Parent or the Acquired CorporationsCompany and in such manner as shall not unreasonably interfere with the business or operations of the party providing such access, as the case may be; and (b) furnish promptly to Parent and Parent’s provide the Representatives of the other party with such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations, such Entity and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnel, its Subsidiaries as reasonably requested by Parent may reasonably request; provided, however, that any such access shall be conducted at Parent’s expense, under the supervision of appropriate personnel of or the Company, and in such a manner as to not to interfere unreasonably with the normal operation of the business of the Companycase may be. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In addition, during During the Pre-Closing Period, the Company shall, and shall cause the other Acquired Corporations Representatives of each of the Company Entities to, (i) furnishpermit Parent’s senior officers to meet, as promptly as reasonably practicableupon reasonable notice and during normal business hours, to Parent a copy of all monthly with the chief financial officer and other interim officers of the Company responsible for the Company’s financial statements and the internal controls of the Company Entities to discuss such matters as Parent may deem necessary or appropriate in order to enable Parent to satisfy its post-Closing obligations under the Xxxxxxxx-Xxxxx Act and the rules and regulations relating thereto. During the Pre-Closing Period, Parent shall, and shall cause the Representatives of each of Parent to, permit the Company’s senior officers to meet, upon reasonable notice and during normal business hours, with the chief financial officer and other officers of Parent responsible for the Parent’s financial statements and the internal controls of the Parent Entities to discuss such matters as the same become available, (ii) cause one Company may deem necessary or more of its designated Representatives appropriate in order to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality and the general status of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needs, and (iii) cooperate with Parent as it reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations enable post-closing management of Parent and the Surviving Corporation to satisfy its Subsidiaries, together with the Acquired Corporations, after the Effective Time; provided, however, that in no event shall any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation of the business of the Company. With respect to the information disclosed pursuant to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and nonpost-use Closing obligations under the Confidentiality Agreement dated September 24Xxxxxxxx-Xxxxx Act and the rules and regulations relating thereto. Without limiting the generality of any of the foregoing, 2014during the Pre-Closing Period, between subject to applicable Legal Requirements, the Company and Parent (shall each promptly provide the “Confidentiality Agreement”). Notwithstanding anything herein other with copies of any notice, report or other document filed with or sent to the contrary, Parent, Merger Sub or Merger LLC shall not, and shall cause their respective Representatives not to, contact any customer or vendor Governmental Body on behalf of any of the Company Entities or Parent or Merger Sub in connection with the Mergers Merger or any of the other transactions contemplated by this Agreement without the Company’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree that any such contact shall be arranged and supervised by Representatives of the CompanyContemplated Transactions.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Broadcast International Inc)

Access and Investigation. (a) During Subject to the confidentiality provisions of the Nondisclosure Agreement, during the period from commencing on the date of this Agreement until and ending as of the earlier of the Effective Time and the valid termination of this Agreement (the “Pre-Closing Period”), upon reasonable advance notice to the Company, the Company shall, and the Company shall cause its Subsidiaries and the respective Representatives of the Acquired Corporations to: (a) provide Parent and Parent’s Representatives with reasonable access during normal business hours of the Company to the Acquired Corporations’ Representatives, personnel, properties, personnel and assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations; and (b) furnish promptly to provide Parent and Parent’s Representatives with such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired Corporations, and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects and personnel, Corporations as Parent may reasonably request; provided, however, that any such access shall be conducted at Parent’s expense, under . Subject to the supervision of appropriate personnel confidentiality provisions of the Company, and in such a manner as to not to interfere unreasonably with the normal operation of the business of the Company. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In additionNondisclosure Agreement, during the Pre-Closing Period, the Company shall, and the Company shall cause the other Representatives of each of the Acquired Corporations to, permit Parent’s senior officers to meet, upon reasonable notice and during normal business hours, with the chief financial officer and other officers of the Company responsible for the Company’s financial statements and the internal controls of the Acquired Corporations to discuss such matters as Parent may deem necessary or appropriate in order to enable Parent, after the Closing, to satisfy its obligations under the Xxxxxxxx-Xxxxx Act and the rules and regulations relating thereto. Without limiting the generality of any of the foregoing, during the Pre-Closing Period, the Company shall, subject to the confidentiality provisions of the Nondisclosure Agreement, promptly provide Parent with copies of: (i) furnishall material operating and financial reports prepared by the Acquired Corporations for the Company’s senior management, as promptly as reasonably practicableincluding copies of the unaudited monthly consolidated balance sheets of the Acquired Corporations and the related unaudited monthly consolidated statements of operations, to Parent a copy statements of all monthly stockholders’ equity and other interim financial statements as the same become available, of cash flows; (ii) cause one any written materials or more communications sent by or on behalf of the Company to its designated Representatives to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality and the general status of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needs, and stockholders; (iii) cooperate any material notice, document or other communication (other than any communication that relates solely to routine commercial transactions and that is of the type sent in the ordinary course of business and consistent with Parent as it reasonably requests to assist Parent in planning to implement Parent’s plans for conducting the combined operations past practices) sent by or on behalf of Parent and its Subsidiaries, together with any of the Acquired Corporations, after the Effective Time; provided, however, that in no event shall Corporations to any action described in clauses (i), (ii) and (iii) interfere unreasonably with the normal operation party to any Company Contract or sent to any of the business Acquired Corporations by any party to any Company Contract; (iv) any notice, report or other document filed with or sent to any Governmental Body on behalf of any of the Company. With respect to the information disclosed pursuant to this Section 5.1, Parent shall comply with, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and non-use obligations under the Confidentiality Agreement dated September 24, 2014, between the Company and Parent (the “Confidentiality Agreement”). Notwithstanding anything herein to the contrary, Parent, Merger Sub or Merger LLC shall not, and shall cause their respective Representatives not to, contact any customer or vendor of the Company Acquired Corporations in connection with the Mergers Merger or any of the other transactions contemplated Contemplated Transactions; and (v) any material notice, report or other document received by this Agreement without the Company’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree that any such contact shall be arranged and supervised by Representatives of the CompanyAcquired Corporations from any Governmental Body.

Appears in 1 contract

Samples: Agreement and Plan of Merger (PortalPlayer, Inc.)

Access and Investigation. (a) During the period from the date of this Agreement until through the earlier acceptance of shares of Company Common Stock for purchase pursuant to the Effective Time and the termination of this Agreement Offer (the "Pre-Closing Period"), upon reasonable advance notice to the Company, the Company shall, and shall cause its Subsidiaries and the respective Representatives of the Acquired Corporations Companies to: (a) provide Parent and Parent’s 's Representatives with reasonable access during normal business hours of the Company to the Acquired Corporations’ Companies' Representatives, personnel, properties, assets personnel and Assets and to all existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired CorporationsCompanies; and (b) furnish promptly to provide Parent and Parent’s 's Representatives with such copies of the existing books, Contracts, projections, plans, records, filings, submissions, Tax Returns, work papers and other documents and information relating to the Acquired CorporationsCompanies, and with such additional financial, operating and other data and information regarding the Acquired Corporations’ business, properties, prospects Companies and personneltheir financial condition, as Parent may reasonably request; (c) provide to Parent all information concerning the Acquired Companies' business that Parent reasonably requests; (d) permit Parent and its Representatives to contact major customers of the businesses of the Acquired Companies; provided, however, that any such access customer contact shall be conducted at Parent’s expense, under the supervision of appropriate personnel coordinated through senior management of the CompanyCompany (and Company counsel), and the Company shall have the right to approve in advance the script, if any, to be used in connection with such a manner as to not to interfere unreasonably customer contact; and (e) advise Parent of any changes in the shares of Company Common Stock being held in escrow in connection with the normal operation acquisition of Altra Software Services, Inc. Without limiting the generality of the business of the Company. All requests for information made pursuant to this Section 5.1(a) shall be directed to the executive officer or other Person designated by the Company. In additionforegoing, during the Pre-Closing Period, the Company shall, and shall cause the other Acquired Corporations to, furnish promptly to Parent (i) furnish, as promptly as reasonably practicable, to Parent a copy of all monthly each report, schedule, registration statement and other interim financial statements as document filed by the same become availableCompany during the Pre-Closing Period with the SEC, and (ii) cause one or more of all other information concerning its designated Representatives business, properties and personnel as Parent may reasonably request. In addition, the Company shall during the Pre-Closing Period give prompt written notice to confer on a reasonable basis with designated Representatives of Parent to report operational matters of materiality Parent, and the general status Parent shall during the Pre-Closing Period give prompt written notice to the Company, if it becomes aware of ongoing operations, including the status of customer relations, order backlog and future plans to service customer needs, and (iiia) cooperate with Parent as any representation or warranty made by it reasonably requests to assist Parent contained in planning to implement Parent’s plans for conducting the combined operations of Parent and its Subsidiaries, together with the Acquired Corporations, after the Effective Time; provided, however, that this Agreement becoming untrue or inaccurate in no event shall any action described in clauses (i)material respect, (iib) and the failure by it to comply with or satisfy in any material respect any covenant, condition or agreement to be complied with or satisfied by it under this Agreement, (iiic) interfere unreasonably with the normal operation occurrence of an event or circumstance that could be reasonably expected to make the timely satisfaction of any of the business conditions set forth in Annex I impossible or unlikely or that has had or would reasonably be expected to have a Material Adverse Effect, or (d) the commencement of any litigation or Proceeding against or affecting this Agreement, the CompanyOffer or the Merger. With respect Notwithstanding anything in this Section 5.1 to the information disclosed contrary, no notice, report or document given pursuant to this Section 5.15.1 shall have any effect on the representations, Parent shall comply withwarranties, and shall instruct the applicable Representatives of Parent to comply with, all of its confidentiality and non-use obligations under the Confidentiality Agreement dated September 24, 2014, between the Company and Parent (the “Confidentiality Agreement”). Notwithstanding anything herein to the contrary, Parent, Merger Sub covenants or Merger LLC shall not, and shall cause their respective Representatives not to, contact any customer or vendor of the Company agreements contained in connection with the Mergers or any of the other transactions contemplated by this Agreement without the Company’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed), and Parent, Merger Sub and Merger LLC acknowledge and agree that for purposes of determining satisfaction of any such contact shall be arranged and supervised by Representatives of the Companycondition contained herein.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Caminus Corp)

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