Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closing, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 6 contracts
Samples: Agreement and Plan of Merger (Herc Holdings Inc), Agreement and Plan of Merger (Herc Holdings Inc), Agreement and Plan of Merger (H&E Equipment Services, Inc.)
Access. At all times during the period commencing with on the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingAcceptance Time, the Company will (shall afford Parent, Acquisition Sub, their officers, a reasonable number of their employees and will cause its Subsidiaries to) afford Parent their financial advisors, business consultants, legal counsel, accountants and its Representatives other agents and representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, books and records, contracts, analyses, tax returns, data, regulatory materials, reports, projections, plans, systems, senior management, commitments, offices and other facilities, Contracts, books and records properties and personnel of the Company GroupCompany; provided, except however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (bii) granting such access would violate any obligations of the Company or any of its Subsidiaries with respect to confidentiality to any Person or otherwise breach, contravene or violate any then effective Contract to which the Company or any of its Subsidiaries is a party, (iii) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; , or (civ) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant tounder, or give any a Person the right to terminate or accelerate the rights pursuant tounder, such Contract; (d) . In the event that the Company does not provide access would result or information in reliance on the disclosure of any material trade secrets of Persons preceding sentence, it shall use its reasonable best efforts to communicate the applicable information to Parent in a manner way that would result in any not violate the applicable Law, Contract or obligation or waive such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationa privilege. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 7.6 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor any of its Subsidiaries. Any access to the properties of the Company Group will or any of its Subsidiaries shall be subject to the Company’s reasonable security measures and insurance requirements and will shall not include the right to perform invasive testing. Notwithstanding anything to testing without the contrary Company’s prior written consent, in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawsole discretion. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.47.6. Nothing in this Section 7.6 shall be construed to require the Company, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company Subsidiaries or any Representatives of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel any of the Companyforegoing to prepare any reports, analyses, appraisals, opinions or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightinformation.
Appears in 6 contracts
Samples: Merger Agreement (Skullcandy, Inc.), Merger Agreement (Mill Road Capital II, L.P.), Merger Agreement (Mill Road Capital II, L.P.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingUpon reasonable advance written notice, the Company will shall (and will shall cause its Subsidiaries to) afford Parent and its Representatives Parent’s representatives reasonable access access, during normal business hours, upon reasonable advance noticehours throughout the period prior to the Effective Time, to the Acquired Companies’ employees, customers, vendors, partners, properties, offices and other facilitiesbooks, Contracts, books and records and personnel contracts and, during such period, the Company shall (and shall cause its Subsidiaries to) furnish promptly to Parent all available information concerning its business as Parent may reasonably request; provided, however, that the Acquired Companies shall not be required to permit any inspection or other access, or to disclose any information, that in the reasonable judgment of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, could: (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons Third Parties; (b) violate any obligation of the Acquired Companies with respect to confidentiality, non-disclosure or privacy; (c) jeopardize protections afforded the Company under the attorney-client privilege or the attorney work product doctrine; (d) violate any Law (it being agreed that, with respect to subclauses (a), (b) and (c), that the Parties shall use their reasonable best efforts to cause such information to be provided in a manner that would not result in any such trade secrets no longer being protected as such under applicable Law following such disclosurejeopardy or contravention); or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company GroupAcquired Companies’ business. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any All information obtained by Parent or any of and its Representatives in connection with any investigation conducted representatives pursuant to the access contemplated by this Section 7.4, other than 6.4 shall be treated as “Evaluation Material” of the Acquired Companies for purposes of the Confidentiality Agreement. No investigation pursuant to this Section 6.4 shall affect or be deemed to modify any information that has been made, is representation or becomes warranty in this Agreement of any party hereto or otherwise limit or affect the remedies available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 6.4 must be directed to the General Counsel of the Company, Company or another person Person designated in writing by the Company. In Notwithstanding anything herein to the event that contrary, Parent and Acquisition Sub shall not, and shall cause their respective representatives not to, contact any customer or supplier of the Company objects to in connection with the Merger or any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses other transactions contemplated by this Agreement without the Company’s prior consent (a) such consent not to (e) of this Section 7.4be unreasonably withheld, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons thereforconditioned or delayed), and prior to preventing such access or withholding such information or documents from Parent and its Representatives, Acquisition Sub acknowledge and agree that any such contact shall be arranged by and with a representative of the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightparticipating.
Appears in 3 contracts
Samples: Merger Agreement, Merger Agreement (Franklin UK Bidco LTD), Merger Agreement (Planet Payment Inc)
Access. At all times during (a) Subject to compliance with applicable Laws (including any Public Health Measures), each party shall afford to the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closing, the Company will (and will cause its Subsidiaries to) afford Parent other party and its Representatives reasonable access during normal business hours, upon reasonable advance noticethroughout the period prior to the earlier of the Effective Time and the Termination Date, to the such party’s and its Subsidiaries’ officers, employees, properties, offices and other facilitiesassets, equipment, inventory, operating sites, Contracts, commitments, books and records and personnel of the Company Grouprecords, except other than any such matters that the Company may restrict or otherwise prohibit access to any documents or information relate to the extent thatnegotiation and execution of this Agreement. The foregoing notwithstanding, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound shall not be required to afford such access if it would violate or cause a default pursuant to, or give any Person unreasonably disrupt the right to terminate or accelerate the rights pursuant to, operations of such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group party or any of its Representatives Subsidiaries, would cause a violation of any agreement to prepare which such party or any reportsof its Subsidiaries is a party, analyseswould, appraisalsin the reasonable judgment of such party, opinions result in a loss of privilege or other informationtrade secret protection to such party or any of its Subsidiaries or would constitute a violation of any applicable Laws, including any Public Health Measures (provided, that in each case such party shall use its reasonable best efforts to allow for such access or to make available reasonable and appropriate substitute disclosure arrangements in a way that would not have any of the foregoing effects). Any investigation conducted pursuant Subject to the access contemplated by this Section 7.4 will foregoing restrictions, each party shall be conducted in a manner that does not unreasonably permitted to conduct reasonable inspections, assessments and materially interfere with the conduct testing of the business other party’s properties, assets, equipment, inventory and operating sites; provided, however, that nothing herein shall authorize any party or its Representative to undertake any testing involving invasive techniques, including testing involving sampling of soil, sediment, groundwater, surface water, air or building materials, at any of the Company Group other party’s or create a material risk its Subsidiary’s properties, without the prior written consent of damage such other party and provided, further, that no such investigation shall affect any representation or destruction warranty given by either party hereunder.
(b) Each party hereby agrees that all information provided to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent it or any of its Representatives in connection with any investigation conducted pursuant to this Agreement and the access consummation of the transactions contemplated by this Section 7.4Agreement shall be deemed to be Evaluation Material, other than any information that has been madeas such term is used in, is or becomes available to Parent or any and shall be treated in accordance with, the confidentiality agreement, dated as of its Representatives by or from June 28, 2023, between the Company or any of its Representatives in and Parent (the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightConfidentiality Agreement”).
Appears in 3 contracts
Samples: Merger Agreement (Diamond Offshore Drilling, Inc.), Merger Agreement (Diamond Offshore Drilling, Inc.), Merger Agreement (Noble Corp PLC)
Access. At all times during During the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingPre-Closing Period, the Company will (shall, and will shall cause its Subsidiaries and their respective officers, directors, employees and other Representatives to) afford , upon Parent’s reasonable advance notice to the Company, provide the officers, employees, agents and other Representatives of Parent and its Representatives Merger Sub reasonable access during normal business hours, upon reasonable advance notice, to the officers, employees, Representatives, properties, offices facilities, books, records, contracts and other facilities, Contracts, books and records and personnel assets of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Subsidiaries as Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the shall reasonably request so long as such access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries, and shall furnish Parent and Merger Sub with such other data and information as Parent and Merger Sub shall reasonably request that is in the possession and custody or create a material risk of damage or destruction to any property or assets control of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent Subsidiaries or any of its Representatives their respective Representatives; provided, however, that nothing in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from 5.5(a) will require the Company or any of its Subsidiaries or any of their respective Representatives to disclose any information which would (i) (x) violate any Law or Judgment, (y) violate any binding confidentiality obligation of the Company and its Subsidiaries to a third party if the Company shall have used commercially reasonable efforts to obtain the required consent or waiver of such third party, or (z) result in a waiver of attorney-client privilege, work product doctrine or similar privilege, so long as, in the ordinary course case of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (ay) to and (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representativesz), the Company shall cooperate with Parent have used commercially reasonable efforts to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to disclosure as promptly as reasonably practicable permit such access that does not suffer from any of the foregoing impediments or (ii) require the Company or any of the Company’s Subsidiaries to disclose any information concerning a Takeover Proposal or Takeover Inquiry except as otherwise required herein. Parent, Merger Sub and the furnishing of their respective officers, employees and agents will hold any such information and documents in a manner to remove confidence in accordance with the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightConfidentiality Agreement.
Appears in 3 contracts
Samples: Merger Agreement, Merger Agreement (Seattle Genetics Inc /Wa), Merger Agreement (Cascadian Therapeutics, Inc.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX X and the ClosingAppointment Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany; provided, except however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (bii) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; , or (ciii) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant tounder, or give any Person a third party the right to terminate or accelerate the rights pursuant tounder, such Contract; (d) and provided further, that no information or knowledge obtained by Parent in any investigation conducted pursuant to the access would result contemplated by this Section 6.4 shall affect or be deemed to modify any representation or warranty of the Company set forth in this Agreement or otherwise impair the disclosure of any material trade secrets of Persons rights and remedies available to Parent and Acquisition Sub hereunder. In the event that the Company does not provide access or information in reliance on the preceding sentence, it shall use its reasonable best efforts to communicate the applicable information to Parent in a manner way that would result in any not violate the applicable Law, Contract or obligation or to waive such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationa privilege. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.4 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor any of its Subsidiaries. Any access to the Company’s properties of the Company Group will shall be subject to the Company’s reasonable security measures and insurance requirements and will shall not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the The Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes shall make available to Parent or any Parent, as promptly as reasonably practicable, (i) a list of its Representatives commercial Software code that is incorporated by or from the Company or any its Subsidiaries into the products of the Company and its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements Subsidiaries and that is licensed to Company or its public reporting obligations. All requests for access Subsidiaries by a third party pursuant to this Section 7.4 must be directed to a negotiated license with the General Counsel Company or its Subsidiaries, and (ii) copies of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth applicable licenses; in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.each case,
Appears in 3 contracts
Samples: Merger Agreement (3PAR Inc.), Merger Agreement (Hewlett Packard Co), Merger Agreement (Hewlett Packard Co)
Access. At all times during During the period commencing with on the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingEffective Time, the Company will shall (and will shall cause its Subsidiaries to) afford (a) provide to Parent and its Representatives reasonable access during normal business hours, upon reasonable advance noticeprior notice to the Company, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries and (b) furnish reasonably promptly to Parent all information (financial or otherwise) concerning its business, except properties and personnel as Parent may reasonably request, including with respect to the Company Programs, to the extent reasonably available, and keep Parent reasonably apprised as to any material developments with respect to the Company Programs; provided, however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (aA) any applicable Law or regulation requires the Company Group or its Subsidiaries to restrict or otherwise prohibit access to such documents or information; information or (bB) the Company in good faith determines access to such documents or information would give rise reasonably be expected to result in a material risk waiver of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (eC) such documents or information are reasonably pertinent relate to any adverse Legal Proceeding between the evaluation or negotiation of this Agreement and the transactions contemplated hereby or, subject to Sections 6.2 and 6.3, an Acquisition Proposal or Superior Proposal. In the event that the Company and does not provide access or information in reliance on clauses (A) or (B) of the preceding sentence, it shall use its Affiliates, on reasonable best efforts to communicate the one hand, and applicable information to Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group a way that would not violate any applicable Law or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationwaive such a privilege. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 7.6 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable LawSubsidiaries. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.47.6. Nothing in this Section 7.6 or elsewhere in this Agreement shall be construed to require the Company, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company Subsidiaries or any Representatives of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel any of the Companyforegoing to prepare any reports, analyses, appraisals or another person designated by the Company. In the event opinions that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightare not readily available.
Appears in 3 contracts
Samples: Merger Agreement (Endo, Inc.), Merger Agreement (Biospecifics Technologies Corp), Merger Agreement (Endo International PLC)
Access. At all times during During the period commencing with on the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingEffective Time, the Company will shall (and will shall cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries and, except during such period, the Company shall (and shall cause its Subsidiaries to) furnish reasonably promptly to Parent all information (financial or otherwise) concerning its business, properties and personnel as Parent may reasonably request, in each case solely for the purpose of effectuating the Transactions or for reasonable integration planning purposes; provided, however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation requires the Company Group or its Subsidiaries to restrict or otherwise prohibit access to such documents or information; , (b) the Company reasonably determines access to such documents or information would give rise to result in a material risk waiver of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; information or (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent relate to any adverse Legal Proceeding between the evaluation or negotiation of this Agreement, the Transactions or, subject to Section 6.2 and Section 6.3, an Acquisition Proposal or Superior Proposal. In the event that the Company and does not provide access or information in reliance on clauses (a) or (b) of the preceding sentence, it shall use its Affiliates, on reasonable best efforts to communicate the one hand, and applicable information to Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group a way that would not violate any applicable Law or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationwaive such a privilege. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 7.6 (i) shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties or any of the Company Group will its Subsidiaries and (ii) shall be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawrequirements. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available 7.6. Nothing in this Section 7.6 shall be construed to Parent or any of its Representatives by or from require the Company or any of its Subsidiaries or Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel any of the Companyforegoing to prepare any reports, analyses, appraisals or another person designated by the Company. In the event opinions that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightare not readily available.
Appears in 3 contracts
Samples: Merger Agreement (Johnson & Johnson), Merger Agreement (Abiomed Inc), Merger Agreement (Johnson & Johnson)
Access. At all times during the period commencing with on the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingAcceptance Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries; provided, except however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation requires the Company Group or its Subsidiaries to restrict or otherwise prohibit access to such documents or information; , (b) granting such access would violate any obligations of the Company or any of its Subsidiaries with respect to confidentiality to any third party or otherwise breach, contravene or violate, constitute a default under, or give a third party the right terminate or accelerate an obligations under, any then effective Contract to which the Company or any of its Subsidiaries is a party, or (c) access to such documents or information would give rise reasonably be expected to result in a material risk waiver of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; (c) access to a Contract to which , provided, that the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person shall use its reasonable best efforts to communicate the right applicable information to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons Parent in a manner way that would result in any not violate the applicable Law, Contract or obligation or waive such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationa privilege. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 5.1 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or its Subsidiaries or create a material risk of damage or destruction to any material property or assets of the Company Group. Any access to the properties or any of the Company Group will its Subsidiaries, shall be subject to the Company’s reasonable security measures and insurance requirements requirements, and will shall not include the right to perform invasive testing. Notwithstanding anything to testing without the contrary Company’s prior written consent, in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawsole discretion. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.45.1. Nothing in this Section 5.1 or elsewhere in this Agreement shall be construed to require the Company, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company Subsidiaries or any Representatives of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel any of the Companyforegoing to prepare any reports, analyses, appraisals, opinions or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightinformation.
Appears in 3 contracts
Samples: Merger Agreement, Merger Agreement (Horizon Pharma PLC), Merger Agreement (Raptor Pharmaceutical Corp)
Access. At all times during During the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingPre-Closing Period, the Company will (will, and will cause its Subsidiaries to) , afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets Trade Secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosurethird Persons; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other handhand (it being understood that if the Company and its Subsidiaries do not provide any information in reliance on the exclusions in the foregoing clauses (a) or (b), then the Company or such Subsidiary will use commercially reasonable efforts to provide notice to Parent promptly upon obtaining knowledge that such information is being withheld and the Company or such Subsidiary will use reasonable best efforts to communicate, to the extent permitted, the applicable information or other matter in a way that would not prohibit any applicable law or agreement or result in the waiver of any such privilege). Subject to Section 7.19, nothing Nothing in this Section 7.4 6.8 will be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 6.8 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreementany “invasive” testing or soil, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawair or groundwater sampling, including any Phase I or Phase II environmental assessments. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations6.8. All requests for access pursuant to this Section 7.4 6.8 must be directed to the Company’s General Counsel of the Company, or another person designated in writing by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Forescout Technologies, Inc), Merger Agreement (Forescout Technologies, Inc), Merger Agreement (Forescout Technologies, Inc)
Access. At all times during (a) For purposes of furthering the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closingtransactions contemplated hereby, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives reasonable access during normal business hours, hours upon reasonable advance noticenotice to the Company, throughout the period from the date hereof until the earlier of the termination of this Agreement and the Effective Time, to the its and its Subsidiaries’ personnel, properties, offices and other facilitiescontracts, Contractscommitments, books and records and such other information concerning its business, properties and personnel of the Company Group, except that the Company as Parent may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testingrequest. Notwithstanding anything to the contrary contained in this AgreementSection 5.3(a), any document, correspondence or information or other access provided pursuant to this Section 5.3(a) may be redacted or otherwise limited to the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions extent required to prevent disclosure of information concerning the valuation of the Confidentiality Agreement will apply to any information obtained by Company, Parent and the Mergers or any of its Representatives in connection with any investigation conducted other similarly confidential or competitively sensitive information. All access pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available 5.3(a) shall be (i) conducted in such a manner as not to Parent or any interfere unreasonably with the normal operations of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to Subsidiaries and (ii) coordinated through the General Counsel of the Company, Company or another person designated by the Company. a designee thereof.
(b) In the event of (i) an occurrence which would make it reasonably likely that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters conditions set forth in clauses Section 6.2(a), Section 6.2(b) or Section 6.2(c) would not be met or (aii) the Company Board determining in good faith that it could be entitled to (emake a Company Adverse Recommendation Change pursuant to Section 5.4(e) of or Section 5.4(f) or cause the Company to terminate this Agreement in accordance with Section 7.47.1(i), it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding Company Board needs such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements such determination, at the Company’s request, Representatives of Parent will meet with Representatives of the Company and provide the Company with information reasonably requested in connection with the foregoing.
(c) Notwithstanding anything to permit reasonable substitute the contrary contained in this Section 5.3, neither the Company nor Parent, as applicable, nor any of its Subsidiaries shall be required to provide any access, or make available any document, correspondence or information, if doing so would, in the judgment of its legal counsel, (i) jeopardize the attorney-client privilege of the Company or Parent, as applicable, or any of its Subsidiaries or (ii) conflict with any (A) Law applicable to the Company or any of its Subsidiaries or the assets, or operation of the business, of the Company or Parent, as applicable, or any of its Subsidiaries or (B) Contract to which the Company or Parent, as applicable, or any of its Subsidiaries is a party or by which any of their assets or properties are bound; provided, that in such instances the party withholding access shall inform the other party of the general nature of the information being withheld and, upon the other party’s request, reasonably cooperate with the other party to provide such information, in whole or disclosurein part, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner that would not result in any of the outcomes described in the foregoing clauses (i) and (ii).
(d) The parties hereto hereby agree that all information provided to remove them or their respective Representatives in connection with this Agreement and the basis for consummation of the objectiontransactions contemplated hereby shall be governed in accordance with the Confidentiality and Non-Disclosure Agreement, including by arrangement dated as of appropriate March 19, 2018, between the Company and Concentrix Corporation (the “counsel-to-counsel” disclosureConfidentiality Agreement”), clean room procedures, redaction which shall continue in full force and other customary procedures, entry into a customary joint defense agreement and, effect in accordance with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightits terms.
Appears in 3 contracts
Samples: Merger Agreement (Synnex Corp), Merger Agreement (Synnex Corp), Merger Agreement (Convergys Corp)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries; provided, except however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (bii) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; , or (ciii) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant tounder, or give any Person a third party the right to terminate or accelerate the rights pursuant tounder, such Contract; (d) and provided further, however, that no information or knowledge obtained by Parent in any investigation conducted pursuant to the access would result contemplated by this Section 6.8 shall affect or be deemed to modify any representation or warranty of the Company set forth in this Agreement or otherwise impair the disclosure of any material trade secrets of Persons rights and remedies available to Parent and Acquisition Sub hereunder. In the event that the Company does not provide access or information in reliance on the preceding sentence, it shall use its reasonable best efforts to communicate the applicable information to Parent in a manner way that would result not violate the applicable Law, Contract or obligation or to waive such a privilege, including, to the extent practicable, by providing such information in any redacted form as necessary to preserve such trade secrets no longer being protected as a privilege or comply with such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent otherwise make appropriate substitute disclosure arrangements, to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationextent possible. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.8 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor any of its Subsidiaries. Any access to the properties of the Company Group will or any of its Subsidiaries shall be subject to the terms and conditions of any applicable Lease and the Company’s reasonable security measures and insurance requirements and will shall not include the right to perform invasive Phase 1 or Phase 2 environmental assessments or other invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.46.8. Nothing in this Section 6.8 or elsewhere in this Agreement shall be construed to require the Company, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company Subsidiaries or any Representatives of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel any of the Companyforegoing to prepare any reports, analyses, appraisals, opinions or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightinformation.
Appears in 3 contracts
Samples: Merger Agreement (Cypress Semiconductor Corp /De/), Merger Agreement (Cypress Semiconductor Corp /De/), Merger Agreement (Integrated Silicon Solution Inc)
Access. At all times during (a) For purposes of furthering the period commencing with transactions contemplated hereby, each Party shall afford the execution other Party and delivery (i) the officers and employees and (ii) the accountants, consultants, legal counsel, financial advisors and agents and other representatives of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closing, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives such other Party reasonable access during normal business hours, upon reasonable advance noticethroughout the period prior to the earlier of the Effective Time and the Termination Date, to the its and its Subsidiaries’ personnel and properties, offices and other facilitiescontracts, Contractscommitments, books and records and personnel of the Company Groupany report, except that the Company may restrict schedule or otherwise prohibit access to any documents other document filed or information received by it pursuant to the extent thatrequirements of applicable Laws and with such additional accounting, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to financing, operating, environmental and other data and information regarding such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected Party as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other handParty may reasonably request. Subject Notwithstanding the foregoing, neither Party shall be required to Section 7.19, nothing in this Section 7.4 will be construed to require afford such access if it would unreasonably disrupt the Company Group operations of such Party or any of its Representatives to prepare any reportsSubsidiaries, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create would cause a material risk violation of damage or destruction any agreement to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent which such Party or any of its Subsidiaries is a party, would cause a risk of a loss of privilege to such Party or any of its Subsidiaries or would constitute a violation of any applicable Law. Neither Party, nor any of their respective officers, employees or Representatives, shall be permitted to perform any onsite procedures (including an onsite study or invasive testing or sampling) with respect to any property of either Party or any of their respective Subsidiaries without the prior written consent of the other Party (which shall not be unreasonably withheld, conditioned or delayed).
(b) The Parties hereto hereby agree that all information provided to them or their respective officers, directors, employees or Representatives in connection with any investigation conducted pursuant to this Agreement and the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel consummation of the Companytransactions contemplated hereby shall be governed in accordance with the confidentiality and non-disclosure agreement, or another person designated by dated as of April 26, 2018, between Rowan and Ensco, as amended (the Company. In “Confidentiality Agreement”), the event that term of which is hereby extended until the Company objects earlier to any request submitted pursuant to this Section 7.4 on occur of (x) the basis of one or more of Effective Time and (y) the matters set forth in clauses (a) to (e) first anniversary following the termination of this Section 7.4, it must do so by providing Parent, Agreement in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate accordance with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightArticle VII.
Appears in 3 contracts
Samples: Transaction Agreement, Transaction Agreement (Ensco PLC), Transaction Agreement (Rowan Companies PLC)
Access. At all times during During the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingPre-Closing Period, the Company will (shall, and will shall cause its Subsidiaries to) , afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; or (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other handhand (it being understood that if the Company and its Subsidiaries do not provide any information in reliance on the exclusions in the foregoing clauses (a), (b) or (c), then the Company or such Subsidiary will use commercially reasonable efforts to provide notice to Parent promptly upon obtaining knowledge that such information is being withheld and the Company or such Subsidiary will use reasonable best efforts to communicate, to the extent permitted, the applicable information or other matter in a way that would not prohibit any applicable Law or agreement, result in the waiver of any such privilege, cause a violation or default under such Contract). Subject to Section 7.19, nothing Nothing in this Section 7.4 6.8 will be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions appraisals or other informationopinions. Any investigation conducted pursuant to the access contemplated by this Section 7.4 6.8 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreementany “invasive” testing or soil, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawair or groundwater sampling, including any Phase I or Phase II environmental assessments. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations6.8. All requests for access pursuant to this Section 7.4 6.8 must be directed to the Company’s General Counsel of the Company, or another person designated in writing by the Company. In Without limiting the event that generality of the foregoing, during the Pre-Closing Period, the Company objects agrees to, and to any request submitted pursuant cause its Subsidiaries to, subject to applicable Law and this Section 7.4 on the basis of one or more of the matters set forth in clauses 6.8 (ai) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld reasonably assist and the reasons therefor, and prior to preventing such access or withholding such information or documents from reasonably cooperate with Parent and its Representatives, Subsidiaries to facilitate planning for the post-Closing integration of the Company shall cooperate and its Subsidiaries with Parent and its Subsidiaries (including, at the request of Parent from time to make appropriate substitute arrangements time, reasonably assisting and cooperating with Parent and its Subsidiaries in the planning and development of a post-Closing integration plan), (ii) provide reasonable access to permit reasonable substitute access or disclosure, including through the use of reasonable best key personnel identified by Parent to facilitate Parent’s efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause post-Closing retention of such key personnel and (ciii) provide Parent with reasonable periodic updates on activities relating to the integration and performance of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightthe Company’s and its Subsidiaries’ existing businesses.
Appears in 3 contracts
Samples: Merger Agreement (True Wind Capital, L.P.), Merger Agreement (Zix Corp), Merger Agreement (Open Text Corp)
Access. At all times during During the period commencing with on the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will shall (and will shall cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries and, except during such period, the Company shall (and shall cause its Subsidiaries to) furnish reasonably promptly to Parent all information (financial or otherwise) concerning its business, properties and personnel as Parent may reasonably request, including with respect to the Company Programs; provided, however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation requires the Company Group or its Subsidiaries to restrict or otherwise prohibit access to such documents or information; , (b) the Company reasonably determines access to such documents or information would give rise to result in a material risk waiver of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; information or (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent relate to any adverse Legal Proceeding between the evaluation or negotiation of this Agreement, the Transactions or, subject to Section 5.2 and Section 5.3, an Acquisition Proposal or Superior Proposal. In the event that the Company and does not provide access or information in reliance on clauses (a) or (b) of the preceding sentence, it shall use its Affiliates, on reasonable best efforts to communicate the one hand, and applicable information to Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group a way that would not violate any applicable Law or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationwaive such a privilege. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.5 (i) shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties or any of the Company Group will its Subsidiaries and (ii) shall be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawrequirements. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right6.5.
Appears in 2 contracts
Samples: Merger Agreement (Ambrx Biopharma, Inc.), Merger Agreement (Ambrx Biopharma, Inc.)
Access. At all times during During the period commencing with from the execution and delivery date of this Agreement and continuing until through the earlier to occur of the Effective Time or the termination of this Agreement pursuant to Article IX Section 8.1 (the “Pre-Closing Period”), and upon reasonable advance notice to the ClosingCompany, the Company will (and will cause its Subsidiaries to) afford shall provide Parent and its Parent’s Representatives with reasonable access during normal business hours, upon reasonable advance notice, hours to the Company’s and each Company Subsidiary’s books and records, facilities, properties, offices contracts, documents and other facilities, Contracts, books insurance policies for the purpose of enabling Parent to verify the accuracy of the Company’s representations and records warranties contained in this Agreement; provided that any such access shall be conducted at Parent’s expense and personnel in such a manner as to maintain the confidentiality of any confidential information of the Company Group, except that the Company may restrict or otherwise prohibit access and not to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct regular operations of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company GroupSubsidiaries. Any access to During the properties Pre-Closing Period, Parent may, upon the prior written approval of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this AgreementChief Executive Officer or Chief Financial Officer, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions contact any employee of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any Company Subsidiary directly, provided that such contact is for informational purposes only and does not unreasonably interfere with such employee’s ongoing responsibilities to the Company or any Company Subsidiary. Nothing herein shall require either the Company or any Company Subsidiary to disclose any information to Parent if such disclosure would, in its sole and absolute discretion (i) jeopardize any attorney-client or other legal privilege or (ii) contravene any applicable Law, fiduciary duty or binding agreement entered into prior to the date of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, this Agreement (including in connection with Parent’s preparation of its consolidated financial statements any confidentiality agreement to which it or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the CompanyAffiliates is a party), or another person designated by the Company. In the event provided that the Company objects shall immediately (and in all cases prior to any request submitted pursuant to this Section 7.4 on the basis of one or more Closing) notify Parent and Parent’s Representatives of the matters set forth in clauses (a) to (e) fact of this Section 7.4such non-disclosure, it must do so by providing Parent, in reasonable detail, and of the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, materials not disclosed (without disclosing the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through substance of the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightwithheld information).
Appears in 2 contracts
Samples: Merger Agreement (Smith & Wollensky Restaurant Group Inc), Agreement and Plan of Merger (Smith & Wollensky Restaurant Group Inc)
Access. At all times during During the period commencing with on the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries, except in each case for the purposes of facilitating the Merger and the other transactions contemplated by this Agreement, transition and integration planning and reviewing the performance and operations of the business, the Company and its Subsidiaries during such period (and not for the purpose of any actual or potential adverse action or dispute between the parties or their Affiliates); provided, however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation requires the Company Group or any of its Subsidiaries to restrict or otherwise prohibit access to such documents or information; , (bii) granting such access would violate any obligations of the Company or any of its Subsidiaries with respect to confidentiality to any third party or otherwise breach, contravene or violate, constitute a default under, or give a third party the right to terminate or accelerate an obligation under, any then effective Contract to which the Company or any of its Subsidiaries is a party, (iii) access to such documents or information would give rise reasonably be expected to result in a material risk waiver of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; information or (eiv) such documents or information are reasonably pertinent relate to any adverse Legal Proceeding between the evaluation or negotiation of this Agreement, the transactions contemplated hereby or, subject to Section 5.2, an Acquisition Proposal or Superior Proposal. In the event that the Company does not provide access or information in reliance on (x) clauses (i), (ii) or (iii) of the preceding sentence, it shall provide written notice to Parent of the reason for such restriction and use its Affiliatesreasonable best efforts to communicate the applicable information to Parent in a way that would not violate any applicable Law, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group Contract or any of its Representatives to prepare any reports, analyses, appraisals, opinions obligation or other informationwaive such a privilege. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.6 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or any of its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties or any of the Company Group will its Subsidiaries, shall be subject to the Company’s reasonable security measures and insurance requirements requirements, and will shall not include the right to perform invasive testing. Notwithstanding anything to testing without the contrary Company’s prior written consent, in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawsole discretion. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is 6.6. Nothing in this Section 6.6 or becomes available elsewhere in this Agreement shall be construed to Parent or any of its Representatives by or from require the Company or any Representatives of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel any of the Companyforegoing to prepare any reports, analyses, appraisals, opinions or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightinformation.
Appears in 2 contracts
Samples: Merger Agreement (Globus Medical Inc), Merger Agreement (Nevro Corp)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closing, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives the Purchaser reasonable access access, consistent with applicable Law, during normal business hours, upon reasonable advance noticenotice provided in writing to the General Counsel of the Company, or another Person designated in writing by the Company, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, : (a) any applicable Law or regulation Contract requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) such disclosure relates to interactions with other prospective buyers or transaction partners of the Company or the negotiation of this Agreement and the transactions contemplated hereby, or information relating to the analysis, valuation or consideration of the Transactions or the transactions contemplated hereby, in each case, subject to Section 5.3, which shall not be limited by this Section 6.7(c); (d) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (de) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosurethird Persons; or (ef) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent the Purchaser and its Affiliates, on the other hand; provided that the Company shall use reasonable best efforts to provide such documents or information in a manner that does not violate or cause a default pursuant to, or give a third Person the right to terminate or accelerate the rights pursuant to, any Contract or cause such documents or information to cease to benefit from legal privilege, including by redacting or obtaining consent in connection therewith. Subject to Section 7.19, nothing Nothing in this Section 7.4 6.7 will be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions appraisals or other informationopinions. Any investigation conducted pursuant to the access contemplated by this Section 7.4 6.7 will be conducted in a manner that (i) does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or otherwise result in any significant interference with the prompt and timely discharge by officers, employees and other authorized Representatives of the Company or any of its Subsidiaries of their normal duties or (ii) create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything or subsurface testing or any sampling, monitoring or analysis of soil, groundwater, building materials, indoor air, or other environmental media of the sort generally referred to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawas a “Phase II” environmental investigation. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent the Purchaser or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.46.7; provided that, other than notwithstanding any information that has been madeprovision to the contrary in the Confidentiality Agreement, is or becomes available to Parent or the Purchaser and any of its Representatives by or from shall be permitted to disclose to the Other Purchasers and their respective Representatives any information of the Company and discuss with the Other Purchasers and their respective Representatives any information of the Company, in each case, including in connection with the Transactions or any of other Acquisition Proposal, except that the Purchaser or its Representatives shall not disclose to the Other Purchasers or their respective Representatives any Company information that is competitively sensitive and is designated in writing by the Company to be for such Purchaser’s access only (or that otherwise directly relates only to commercial matters or arrangements of the Company in the ordinary course of their ongoing business arrangements consistent with past practice(and not the Transaction or any Acquisition Proposal) and, including in connection with Parent’s preparation of its consolidated financial statements notwithstanding the foregoing, would otherwise be prohibited to be disclosed by the Purchaser or its public reporting obligationsapplicable Affiliates pursuant to another confidentiality agreement between the Purchaser or its Affiliates and the Company or its Affiliates). All requests for access pursuant to this Section 7.4 6.7 must be directed to the General Counsel of the Company, or another person designated in writing by the Company. In Notwithstanding any provision to the event that contrary in the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detailConfidentiality Agreement, the nature of what is being prevented and/or withheld and Confidentiality Agreement shall automatically terminate at the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightClosing.
Appears in 2 contracts
Samples: Series B Convertible Preferred Stock Purchase Agreement (Comscore, Inc.), Series B Convertible Preferred Stock Purchase Agreement (Comscore, Inc.)
Access. At all times during the period commencing with on the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingAcceptance Time, the Company will (and will cause its Subsidiaries to) shall afford LKQ, Parent and its Representatives their financial advisors, business consultants, legal counsel, accountants and other agents and representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany; provided, except however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (bii) granting such access would violate any obligations of the Company or any of its Subsidiaries with respect to confidentiality to any third party or otherwise breach, contravene or violate any then effective Contract to which the Company or any of its Subsidiaries is a party, (iii) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; , or (civ) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant tounder, or give any Person a third party the right to terminate or accelerate the rights pursuant tounder, such Contract; (d) and provided further, that no information or knowledge obtained by LKQ or Parent in any investigation conducted pursuant to the access would result contemplated by this Section 7.7 shall affect or be deemed to modify any representation or warranty of the Company set forth in this Agreement or otherwise impair the disclosure of any material trade secrets of Persons rights and remedies available to LKQ, Parent and Acquisition Sub hereunder. In the event that the Company does not provide access or information in reliance on the preceding sentence, it shall use its commercially reasonable efforts to communicate the applicable information to LKQ or Parent in a manner way that would result in any not violate the applicable Law, Contract or obligation or to waive such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationa privilege. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 7.7 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor any of its Subsidiaries. Any access to the properties of the Company Group will or any of its Subsidiaries shall be subject to the Company’s reasonable security measures and insurance requirements and will shall not include the right to perform invasive testing without the Company’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed if any noninvasive diligence or testing recommends or otherwise warrants invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law). The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.47.7. Nothing in this Section 7.7 or elsewhere in this Agreement shall be construed to require the Company, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company Subsidiaries or any Representatives of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel any of the Companyforegoing to prepare any reports, analyses, appraisals, opinions or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightinformation.
Appears in 2 contracts
Samples: Merger Agreement (LKQ Corp), Merger Agreement (Coast Distribution System Inc)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives reasonable access access, consistent with applicable Law, during normal business hours, upon reasonable advance noticenotice provided in writing to the General Counsel of the Company, or another Person designated in writing by the Company, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation Contract requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound as of the date of this Agreement or entered into after the date of this Agreement in the ordinary course of business would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets (including any source code) of Persons in a manner that would result in the Company, any such trade secrets no longer being protected as such under applicable Law following such disclosureof the Subsidiaries of the Company or any third Persons; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand; provided that in each case described in clauses (a) through (d) the Company shall cooperate with Parent and use its commercially reasonable efforts to develop alternative methods of providing such information in a manner that would not result in any violation, default, prejudice or loss of privilege. Subject to Section 7.19, nothing Nothing in this Section 7.4 6.8 will be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.8 shall be conducted in a manner that (i) does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or otherwise result in any significant interference with the prompt and timely discharge by Representatives of the Company or any of its Subsidiaries of their normal duties or (ii) create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawor other testing or sampling of any environmental media. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent Parent, Merger Sub or any of its their respective Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right6.8.
Appears in 2 contracts
Samples: Merger Agreement (Liberty Tax, Inc.), Merger Agreement (Vitamin Shoppe, Inc.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records records, facilities and personnel and Representatives of the Company GroupCompany, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or informationinformation so long as the Company has taken all reasonable steps to permit inspection of or to disclose such information and to respond in a timely manner to all subsequent queries by Parent and its Representatives based on such information on a basis that does not compromise the Company’s attorney-client or other privilege with respect thereto; or (c) access to a Contract in effect as of the date of this Agreement to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19applicable Law, nothing in this Section 7.4 will be construed to require the Company Group or any will provide Parent with reports of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationthe Company reasonably requested by Parent. Any investigation conducted pursuant to the access contemplated by this Section 7.4 6.6 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations6.6. All requests for access pursuant to this Section 7.4 6.6 must be directed to the General Counsel of the Company, or another person designated in writing by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 2 contracts
Access. At all times during During the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX ARTICLE VIII and the ClosingEffective Time, each of the Company will (and will cause its Subsidiaries to) Parent shall afford Parent the other and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices hours and other facilities, Contracts, books and records and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially disrupt or interfere with business operations, upon reasonable notice, to its properties, books and records, Contracts, Permits, and personnel, as such party may reasonably request; provided, however, that the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will (as amended pursuant to Section 6.09) shall apply to any information obtained by provided to Parent or any of its Representatives in connection with any investigation conducted the Company pursuant to the access contemplated by this Section 7.46.06; and provided further, other than that neither Parent nor the Company shall be required to, or be required to cause its Subsidiaries to, afford access or disclose any information that has been madewould, is or becomes available to in the reasonable judgment of Parent or the Company, as the case may be, (a) violate any Applicable Law or Order (including Antitrust Laws and COVID-19 Measures), (b) result in a violation of its Representatives by a confidentiality agreement with a third party entered into prior to the date of this Agreement or from entered into after the date of this Agreement in the Ordinary Course or (c) jeopardize the attorney-client, attorney work product or other legal privilege of Parent or the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Companyrespective Subsidiaries. In the event that the Company objects or Parent does not provide access to any request submitted pursuant or disclose information to this Section 7.4 Parent or the Company in reliance on the basis of one or more final proviso of the matters set forth in clauses (a) to (e) of this Section 7.4preceding sentence, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company party shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of communicate such information and documents to the other party in a manner that does not result in the violation of any such obligation, Applicable Law or Order or the jeopardy of such protections. Notwithstanding the foregoing, neither Parent nor the Company shall be permitted to remove the basis for the objection, perform any on-site procedures (including by arrangement of appropriate “counselan on-to-counsel” disclosure, clean room procedures, redaction and site environmental or other customary procedures, entry into a customary joint defense agreement and, study) with respect to any property of the contractual termination other party or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightthe other party’s Subsidiaries without the other party’s prior written consent.
Appears in 2 contracts
Samples: Merger Agreement (Bioceres Crop Solutions Corp.), Merger Agreement (Marrone Bio Innovations Inc)
Access. At all times As necessary during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives reasonable access access, consistent with applicable Law, during normal business hours, upon reasonable advance noticerequest, to the properties, offices and other facilities, Contracts, books and records records, Contracts and personnel (including employees and agents) of the Company Groupand its Subsidiaries solely to the extent necessary for the purpose of planning for the potential consummation of the Merger and the operation of the Company following the Closing. Notwithstanding the prior sentence, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation Contract requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk result in the waiver of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets (including source code) of Persons in a manner that would result in the Company, any such trade secrets no longer being protected as such under applicable Law following such disclosureof its Subsidiaries or any third Persons; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand; provided that the Company shall give notice to Parent of the fact that it is withholding such information or documents and thereafter the Company shall use its reasonable best efforts to allow the disclosure of such information (or as much of it as possible) in a manner that would not violate any of the foregoing clauses (a) through (e). Subject to Section 7.19, nothing Nothing in this Section 7.4 will 6.6 shall be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.6 shall be conducted in a manner that (i) does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or otherwise result in any significant interference with the prompt and timely discharge by officers, employees and other authorized Representatives of the Company or any of its Subsidiaries of their normal duties or (ii) create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group will and its Subsidiaries (x) shall be subject to the Company’s reasonable safety and security measures and insurance requirements and will the terms of any underlying lease thereof, and (y) shall not include any testing, sampling, monitoring or analysis of soil, groundwater, building materials, indoor or ambient air, or other environmental media without the right to perform invasive testingwritten consent of the Company, which may be withheld at the Company’s sole discretion. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations covenants set forth above in this Section 6.6 by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligationsreasonably feasible. All requests for access pursuant to this Section 7.4 6.6 must be directed to the General Counsel of the Company, or another person designated in writing by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 2 contracts
Samples: Merger Agreement (Infinera Corp), Merger Agreement (Nokia Corp)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingInterim Period, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material reasonably likely risk of waiving (or otherwise jeopardize) any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the any Company Group Member is a party or otherwise bound would violate or cause a material default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosurethird Persons; or (e) in the Company’s reasonable, good faith discretion, restricting or prohibiting access is advisable in connection with any COVID-19 Measures; (f) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand; or (g) subject to compliance with (and without limiting) the relevant provisions of Section 5.3, such documents or information relate to an Acquisition Proposal or a Company Board Recommendation Change or the actions of the Company Board (or a committee thereof) with respect thereto; provided that with respect to the items noted in the preceding clauses (a) through (f), the Company shall give notice to Parent of the fact that it is withholding such information or documents and thereafter the Company shall use commercially reasonable efforts to allow the disclosure of such information (or as much of it as possible under the circumstances) in a manner that would not violate any of clauses (a) through (f). Subject Any information so disclosed shall be disclosed subject to Section 7.19, nothing execution of a joint defense agreement in customary form. Nothing in this Section 7.4 6.8 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any such access pursuant to this Section 6.8 shall be conducted at Parent’s sole cost and expense under the supervision of appropriate personnel of the Company Group. Any investigation conducted pursuant to the access contemplated by this Section 7.4 6.8 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company GroupCompany. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations6.8. All requests for access pursuant to this Section 7.4 6.8 must be directed to the General Counsel (or comparable position) of the Company, or another person designated in writing by the Company. In the event that Nothing in this Section 6.8 shall require the Company objects to permit the inspection of, or to disclose, any request submitted pursuant information regarding or related to this Section 7.4 on the basis of one or more deliberations of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, Board with respect to the contractual termination or acceleration right transactions contemplated by clause (c) of this Section 7.4Agreement, obtaining a waiver with respect the entry into this Agreement or any materials provided to or consent under such contractual termination or acceleration rightthe Company Board in connection therewith.
Appears in 2 contracts
Samples: Merger Agreement, Merger Agreement (STAMPS.COM Inc)
Access. At all times during the period commencing with the execution 5.2.1 Subject to applicable Law, BHW and delivery of this Agreement and continuing until the earlier BHIL shall afford to occur of the termination of this Agreement pursuant to Article IX and the Closing, the Company will (and will cause its Subsidiaries to) afford Parent INFO and its Representatives reasonable accountants, counsel, financial advisors and other representatives (the "INFO Representatives") and INFO shall afford to BHW and BHIL and its accountants, counsel, financial advisors and other representatives (the "BHW Representatives") full access during normal business hours, upon hours with reasonable advance notice, notice throughout the period prior to the Closing Date to all of their respective properties, offices and other facilitiesbooks, Contractscontracts, books commitments and records and personnel of the Company Groupand, except that the Company may restrict or otherwise prohibit access during such period, shall furnish promptly to any documents or information to the extent that, one another:
(a) a copy of each report, schedule and other document filed with or received by any applicable Law or regulation requires of them from the Company Group to restrict or otherwise prohibit access to such documents or information; SEC in connection with the transactions contemplated by this Master Transaction Agreement, and
(b) access such other information concerning their respective businesses, properties and personnel as INFO, BHIL or BHW, as the case may be, shall reasonably request, including all information necessary for either party to such documents or information would give rise to a material risk of waiving make any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere required filings with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this AgreementSEC; provided, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any however, that no investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed 5.2 shall amend or modify any representations or warranties made herein or in the Related Agreements or the conditions to the General Counsel obligations of the Companyrespective parties to consummate the transactions contemplated hereby and thereby.
5.2.2 INFO shall hold and shall use its reasonable commercial efforts to cause the INFO Representatives to hold, and BHW and BHIL shall hold and shall use its reasonable commercial efforts to cause BHW Representatives to hold, in strict confidence all non-public documents and information furnished to INFO or to BHW or BHIL, as the case may be, in connection with the transactions contemplated by this Master Transaction Agreement, except that:
(a) INFO, BHIL and BHW may disclose such information as may be necessary in connection with seeking any required approvals or consents, and
(b) each of INFO, BHIL and BHW may disclose any information that it is required by Law or judicial or administrative order to disclose.
5.2.3 Neither INFO nor BHW nor BHIL shall use or knowingly permit the use of such non-public information or other confidential or proprietary knowledge of the other party for any purpose other than in connection with the transactions contemplated hereby without the prior consent of the other parties hereto; provided, that any information that is otherwise publicly available, without breach of this provision, or another person designated by the Company. has been obtained from a third party without a breach of such third party's duties, shall not be subject to this Section 5.2.
5.2.4 In the event that this Master Transaction Agreement is terminated in accordance with its terms, each party shall promptly redeliver to the Company objects to any request submitted other all non-public written material provided pursuant to this Section 7.4 5.2 and shall not retain any copies, extracts or other reproductions in whole or in part of such written material. In such event, all documents, memoranda, notes and other writings prepared by INFO, BHIL or BHW based on the basis information in such material shall be destroyed (and INFO, BHIL and BHW shall use their respective reasonable commercial efforts to cause their advisors and representatives to similarly destroy their documents, memoranda and notes), and such destruction (and reasonable commercial efforts) shall be certified in writing by an authorized officer supervising such destruction. The provisions of one or more of the matters set forth in clauses (a) to (e) Subsections 5.2.2, 5.2.3 and 5.2.4 shall survive any termination of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightMaster Transaction Agreement.
Appears in 2 contracts
Samples: Master Transaction Agreement (Infonautics Inc), Master Transaction Agreement (Infonautics Inc)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closing, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable From the date hereof until the Closing Date, subject to Applicable Law or regulation requires and the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk Confidentiality Agreement, each of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its AffiliatesCompany, on the one hand, and Parent and its AffiliatesParent, on the other hand, shall (i) give the other party, its counsel, financial advisors, auditors and other authorized representatives during Working Hours reasonable access to the offices and properties (including for the purposes of performing a non-invasive visual environmental site assessment), and to copies of books and records, of such party and its Subsidiaries; (ii) furnish to the other party, its counsel, financial advisors, auditors and other authorized representatives such financial and operating data and any other information relating to the businesses of such party and its Subsidiaries as such Persons may reasonably request; and (iii) instruct the employees, counsel and financial advisors of such party to cooperate with the other party in its investigation of the businesses of such party and its Subsidiaries. Subject Any investigation pursuant to Section 7.19, nothing in this Section 7.4 will 5.08 shall be construed conducted in such manner as not to require interfere unreasonably with the conduct of the businesses of such party and its Subsidiaries. Notwithstanding the foregoing, (A) neither the Company Group nor Parent shall be required to provide or cause to be provided access to or disclose or cause to be disclosed (1) any personnel records relating to individual performance or evaluations, medical histories or other information that in such party’s good faith opinion is sensitive or the disclosure of which could subject such party or its Affiliates to risk or liability or (2) any information where such access or disclosure would jeopardize the attorney-client privilege, contravene any Applicable Law or contravene any confidentiality undertaking; and (B) prior to the Closing Date, neither party shall have the right to perform or cause to be performed any invasive or subsurface investigations of the properties of the other party or any of its Representatives to prepare Subsidiaries, including any reportssampling or testing of the air, analysessoil, appraisalssurface water, opinions groundwater, building materials or other information. Any investigation conducted pursuant environmental media.
(b) From the date hereof through the Closing Date, without the other party’s prior written consent, neither Parent nor the Company shall, and shall cause its Affiliates not to, contact any customers, vendors, suppliers or other third parties having business relationships with the other party or its Subsidiaries, other than in the ordinary course of such party’s and its Affiliates’ businesses consistent with past practice, so long as any such contact does not relate to this Agreement or the access transactions contemplated by this Section 7.4 will be hereby, and is otherwise conducted in a manner that does not unreasonably and materially interfere compliance with the conduct terms of the Confidentiality Agreement.
(c) On and after the Closing Date, Parent will, and will cause the Final Surviving Company and its Subsidiaries to, (i) maintain the books and records of the business of the Company Group and its Subsidiaries for a period of seven years following the Closing Date and (ii) for a period of seven years following the Closing Date, upon reasonable written notice and during Working Hours, afford to the Equityholders’ Representative and its agents reasonable access to (A) properties, copies of books and records for the period prior to Closing and (B) employees and auditors of the business of the Final Surviving Company and its Subsidiaries, in each case to the extent necessary to permit the Equityholders’ Representative to perform or create a material risk of damage satisfy any legal or destruction regulatory obligation relating to any property period on or assets of before the Company GroupClosing Date or for any other reasonable business purpose. Any Notwithstanding the foregoing, Parent shall not be required to provide access or disclose information to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information extent that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information disclosure would jeopardize the attorney-client privilege or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightcontravene any Applicable Law.
Appears in 2 contracts
Samples: Merger Agreement (Talos Energy Inc.), Merger Agreement (Talos Energy Inc.)
Access. At all times during the period commencing (a) Subject to compliance with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closingapplicable Laws, the Company will (and will cause its Subsidiaries to) shall afford to Parent and to its Representatives officers, employees, accountants, consultants, legal counsel, financial advisors and agents and other representatives (collectively, “Representatives”) reasonable access access, solely for reasonable business purposes or purposes reasonably related to consummating the Offer and/or the Merger and carrying out post-Merger integration or post-Merger planning, during normal business hours, upon reasonable advance notice, throughout the period prior to the earlier of the Effective Time and the Termination Date, to the Company’s and its Subsidiaries’ properties, offices and other facilitiescontracts, Contractscommitments, Tax returns, personnel, work papers, books and records records, other than any such matters that relate to the negotiation and personnel execution of this Agreement, including with respect to the consideration or valuation of the Company GroupOffer or the Merger or any financial or strategic alternatives thereto, except or that relate to any Alternative Proposal or Superior Proposal. The foregoing notwithstanding, the Company may restrict or otherwise prohibit shall not be required to afford such access to any documents or information to (i) if such access would, in the extent thatCompany’s good-faith discretion, (ax) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving jeopardize any attorney-client privilege, work product doctrine or other legal privilege or trade secret protection or (y) contravene any applicable to such documents Law, fiduciary duty or information; binding agreement (c) access to a Contract including any confidentiality agreement to which the Company Group or any of its Affiliates is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosureparty); or (eii) to such documents information that relates to the minutes of the meetings of the Company Board or its committees where the Company Board or any applicable committee discussed the transactions contemplated by this Agreement or any financial or strategic alternatives thereto (including any presentations or other materials prepared by or for the Company Board or committees thereof, whether in connection with a specific meeting, or otherwise relating to such subject matter); provided that, in the case of clause (i), the Company shall use commercially reasonable efforts to make appropriate substitute arrangements (including by way of example by entering into a joint defense or other similar agreement) to permit disclosure to the maximum extent legally permissible that would not violate such attorney-client or other legal privilege or trade secret protection or contravene any applicable Law, fiduciary duty or binding agreement. Notwithstanding anything contained in this Agreement to the contrary, the Company shall not be required to provide any access or make any disclosure pursuant to this Section 5.3 to the extent such access or information are is reasonably pertinent to any adverse Legal Proceeding between a litigation where the Company and or any of its Affiliates, on the one hand, and Parent and its Parent, Merger Sub or any of their respective Affiliates, on the other hand. Subject , are adverse parties or reasonably likely to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testingbecome adverse parties. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above to provide access to properties, contracts, commitments, Tax returns, personnel, work papers, books and records and any other documents and information by electronic means if physical access is not reasonably feasible or would not be permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply .
(b) Parent agrees that all information provided to any information obtained by Parent it or any of its Representatives in connection with any investigation conducted pursuant to this Agreement and the access consummation of the transactions contemplated by this Section 7.4Agreement shall be deemed to be “Information”, other than any information that has been madeas such term is used in, is or becomes available to Parent or any and shall be treated in accordance with, the confidentiality agreement, dated as of its Representatives by or from December 2, 2024, between the Company or any and Parent (the “Confidentiality Agreement”) and the Clean Team Agreement, dated as of its Representatives in December 19, 2024, between the ordinary course Company and Parent (the “Clean Team Agreement”), both of their ongoing business arrangements consistent with past practicewhich, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed notwithstanding anything to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters contrary set forth therein, shall continue in clauses (a) full force and effect until the Closing Date. If for any reason this Agreement is terminated prior to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detailthe Closing Date, the nature of what is being prevented and/or withheld Confidentiality Agreement and the reasons therefor, Clean Team Agreement shall nonetheless continue in full force and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate effect in accordance with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration righttheir respective terms.
Appears in 2 contracts
Samples: Merger Agreement (Stryker Corp), Merger Agreement (Inari Medical, Inc.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) shall, solely for purposes of furthering the Merger or integration planning related thereto subject to the restrictions or limitations as a result of COVID-19 or any COVID-19 Measures, afford Parent and its Representatives reasonable access access, consistent with applicable Law, during normal business hours, upon reasonable advance noticerequest, to the properties, offices and other facilitiesbooks, Contractsrecords, books and records Contracts and personnel of the Company Groupand its Subsidiaries and instruct its and their Representatives and personnel to reasonably cooperate with Parent, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation Contract requires the Company Group to restrict or otherwise prohibit access to such documents or informationinformation or providing access to such documents or information would violate or cause a default pursuant to, or give a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (bii) access to such documents or information would give rise to a material risk the waiver of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (diii) access would result in the disclosure of any material trade secrets (including source code) of Persons in a manner that would result in the Company, any such trade secrets no longer being protected as such under applicable Law following such disclosureof its Subsidiaries or any third Persons; or (eiv) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other handhand (provided, that the foregoing clause shall not restrict any Person’s rights to seek discovery pursuant to Law, and nothing herein shall restrict any Person’s rights to oppose any discovery request pursuant to Law); provided, that the Company shall give written notice to Parent of the fact that it is withholding such information or documents pursuant to clauses (i) through (iv) and thereafter the Company shall use its reasonable best efforts to allow the disclosure of such information (or as much of it as possible) in a manner that would not violate any of clauses (i) through (iv). Subject to Section 7.19, nothing Nothing in this Section 7.4 will 6.7 shall be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.7 shall be conducted in a manner that does not (i) unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or otherwise result in any significant interference with the prompt and timely discharge by officers, employees and other authorized Representatives of the Company or any of its Subsidiaries of their normal duties or (ii) create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to operate any equipment or perform invasive testingor subsurface testing or any sampling, monitoring or analysis of soil, groundwater, building materials, indoor air, or other environmental media. Notwithstanding anything herein to the contrary in this Agreementcontrary, the Company may satisfy its obligations set forth above by electronic means if physical access is Parent and Merger Sub shall not, and shall cause their respective Representatives not permitted under applicable Law. The terms and conditions to, contact any employee or other service provider of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives Subsidiaries not involved in the ordinary course negotiation or consummation of their ongoing business arrangements consistent with past practicethe Transactions or any customer, including technology or other partner, vendor or supplier of the Company in connection with Parentthe Merger or any of the other Transactions, in each case, without the Company’s preparation prior written consent, and Parent and Merger Sub acknowledge and agree that any such contact shall be arranged and supervised by Representatives of its consolidated financial statements or its public reporting obligationsthe Company. All requests for access pursuant to this Section 7.4 6.7 must be directed to the General Counsel Chief Legal Officer of the Company, Company or another person other Person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 2 contracts
Samples: Merger Agreement (CVS HEALTH Corp), Merger Agreement (Oak Street Health, Inc.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) shall, subject to restrictions or limitations as a result of COVID-19 or any COVID-19 Measures, afford Parent and its Representatives reasonable access access, consistent with applicable Law, during normal business hours, upon reasonable advance noticerequest, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation Contract requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets (including source code) of Persons in a manner that would result in the Company, any such trade secrets no longer being protected as such under applicable Law following such disclosureof its Subsidiaries or any third Persons; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing Nothing in this Section 7.4 will 6.7 shall be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.7 shall be conducted in a manner that (i) does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or otherwise result in any significant interference with the prompt and timely discharge by officers, employees and other authorized Representatives of the Company or any of its Subsidiaries of their normal duties or (ii) create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testingor subsurface testing or any sampling, monitoring or analysis of soil, groundwater, building materials, indoor air, or other environmental media. Notwithstanding anything herein to the contrary and except in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is ordinary course of business and not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant related to the access contemplated by this Section 7.4Transactions, other than Parent and Merger Sub shall not, and shall cause their respective Representatives not to, contact any information that has been made, is or becomes available to Parent or any employee of its Representatives by or from the Company or any of its Representatives Subsidiaries not involved in the ordinary course negotiation of their ongoing business arrangements consistent with past practicethe Transactions or any customer, including technology or other partner, vendor or supplier of the Company in connection with Parentthe Merger or any of the other Transactions, in each case, without the Company’s preparation prior written consent, and Parent and Merger Sub acknowledge and agree that any such contact shall be arranged and supervised by Representatives of its consolidated financial statements or its public reporting obligationsthe Company. All requests for access pursuant to this Section 7.4 6.7 must be directed to the General Counsel of the Company or other Person designated by the Company, or another person designated in writing by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 2 contracts
Samples: Merger Agreement (Datto Holding Corp.), Merger Agreement (Datto Holding Corp.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingParent will, the Company will (and will cause its Subsidiaries Affiliates to) afford Parent , permit Purchaser and its Representatives to have reasonable access access, prior to the Closing Date, to the personnel, properties, books and records, Contracts and Permits to the extent relating to the Business during normal business hours, working hours and upon reasonable advance notice; provided, to however, that Purchaser will not disrupt the properties, offices and other facilities, Contracts, books and records and personnel normal operations of the Company GroupBusiness or other operations or activities of the Sellers or their Affiliates; provided, except further, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) nothing herein will require any applicable Law employee of a Seller or regulation requires any of its Affiliates to provide any information regarding the Company Group to restrict Business in any other format or otherwise prohibit access to such documents manipulate or informationreconfigure any data regarding the Business; (b) nothing herein will require the Sellers or their Affiliates to provide Purchaser with access to such documents or copies of (i) any information would give rise to that must be maintained as confidential by applicable Law or in accordance with the terms of a material risk of waiving any attorney-client privilegewritten agreement with a third party or (ii) sensitive customer or employee information, work product doctrine manufacturing processes, pricing lists or other privilege applicable information that relates to such documents or information; (c) access the Business and the provision of which, in Parent’s reasonable business judgment, could reasonably be expected to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (eprovided, in each case of clauses (i) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates(ii), on the one hand, and that Parent and its Affiliates, on the other hand. Subject Affiliates will use commercially reasonable efforts to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted provide such information in a manner that does not unreasonably and materially interfere violate such Law or is in accordance with the conduct such agreement); (c) nothing herein will require any of the business Sellers or their Affiliates to provide Purchaser with access to or copies of any information that relates to any businesses or operations of the Company Group Sellers or create a material risk of damage their Affiliates other than the Business; and (d) nothing contained herein will permit Purchaser to conduct any soil, sediment, groundwater or destruction other intrusive sampling. Parent will, and will cause its Affiliates to, permit Purchaser and its Representatives to any property or assets of have reasonable access, after the Company Group. Any access Closing Date, to all books and records to the properties of the Company Group will be subject extent relating to the Company’s Business, but not included in the Acquired Assets as described in Section 1.2(h), during normal working hours and upon reasonable security measures advance notice, excluding Tax Returns and insurance requirements related notes, worksheets, files and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations documents related thereto (except as otherwise set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions in Section 10.6); provided, that (x) nothing herein will require any employee of the Confidentiality Agreement will apply to any information obtained by a Parent or any of its Affiliates to provide any information in any other format or otherwise to manipulate or reconfigure any data; (y) nothing herein will require Parent or its Affiliates to provide Purchaser or its Representatives in connection with any investigation conducted pursuant access to the access contemplated by this Section 7.4, other than or copies of (1) any information that has been mademust be maintained as confidential by applicable Law or in accordance with the terms of a written agreement with a third party or (2) sensitive customer or employee information, manufacturing processes, pricing lists or other information the provision of which, in Parent’s reasonable business judgment, could reasonably be expected to violate applicable Law (provided, in each case of clauses (1) and (2), that Parent and its Affiliates will use commercially reasonable efforts to provide such information in a manner that does not violate such Law or is or becomes available to in accordance with such agreement); and (z) nothing herein will require Parent or any of its Representatives by Affiliates to provide Purchaser with access to or from the Company copies of any information that relates to any businesses or any operations of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements Parent or its public reporting obligationsAffiliates other than the Business. All requests for access pursuant will be made to this Section 7.4 must such Representatives of Parent as Parent will designate, who will be directed solely responsible for coordinating all such requests and access thereunder. Notwithstanding the foregoing, prior to the General Counsel Closing, Purchaser and Purchaser’s Representatives shall not contact or in any other manner communicate with the customers and suppliers of the CompanyBusiness in connection with the transactions contemplated hereby, except following prior consultation with and written approval from Parent or another person designated by its Representatives. Notwithstanding the Company. In the event that the Company objects foregoing or any other provision in this Agreement (including Section 10.6), none of Purchaser, any Affiliate of Purchaser or any Representative of Purchaser will be entitled to review or have access to any request submitted pursuant to this Section 7.4 on the basis Tax Return of one a Seller or more any Affiliate of a Seller (including Tax Returns of the matters set forth in clauses Purchased Companies with regard to Pre-Closing Tax Periods) or any work papers related thereto, other than those portions or excerpts thereof (aor a pro forma Tax Return) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect relating solely to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightPurchased Companies.
Appears in 2 contracts
Samples: Stock and Asset Purchase Agreement (Stanley Black & Decker, Inc.), Stock and Asset Purchase Agreement (Newell Brands Inc)
Access. At all times during (a) For purposes of facilitating the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closingtransactions contemplated hereby, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives (i) the officers and employees and (ii) the accountants, consultants, legal counsel, financial advisors, financing sources and agents and other representatives of Parent such reasonable access during normal business hours, upon reasonable advance noticethroughout the period prior to the earlier of the Effective Time and the Termination Date, to the its and its Subsidiaries’ personnel and properties, offices and other facilitiescontracts, Contractscommitments, books and records and personnel of the Company Groupany report, except that the Company may restrict schedule or otherwise prohibit access to any documents other document filed or information received by it pursuant to the extent thatrequirements of applicable Laws and with such additional accounting, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or financing, operating, environmental and other data and information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between regarding the Company and its AffiliatesSubsidiaries, as Parent may reasonably request, including, without limitation, retaining on mutually acceptable terms, at the one hand, request of (and sole cost of) Parent Mandiant Corporation to conduct a cyber review of the Company’s and its AffiliatesSubsidiaries’ IT systems. Notwithstanding the foregoing, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives shall not be required to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to afford such access if it would unreasonably disrupt the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business operations of the Company Group or create and its Subsidiaries, would cause a material risk violation of damage or destruction any agreement to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from which the Company or any of its Representatives in Subsidiaries is a party, would cause a risk of a loss of privilege to the ordinary course Company or any of its Subsidiaries, would constitute a violation of any applicable Law or would involve any invasive, destructive or subsurface sampling, testing or investigation of any properties or facilities.
(b) The parties hereto hereby agree that all information provided to them or their ongoing business arrangements consistent with past practicerespective officers, including directors, employees or representatives in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to Agreement and the General Counsel consummation of the Companytransactions contemplated hereby shall be governed in accordance with the confidentiality agreement, or another person designated by the Company. In the event that dated as of December 21, 2014, between the Company objects to any request submitted pursuant to this Section 7.4 on and Parent (the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightConfidentiality Agreement”).
Appears in 2 contracts
Samples: Merger Agreement (Alcoa Inc.), Merger Agreement (Rti International Metals Inc)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosurethird Persons; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing Nothing in this Section 7.4 6.8 will be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 6.8 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations6.8. All requests for access pursuant to this Section 7.4 6.8 must be directed to the General Counsel of the Company, or another person designated in writing by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 2 contracts
Samples: Merger Agreement (Cvent Inc), Merger Agreement (Tibco Software Inc)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (shall, and will shall cause each of its Subsidiaries to, (i) afford Parent and its Representatives reasonable access access, consistent with applicable Law, during normal business hours, upon reasonable advance noticerequest provided in writing to the Chief Financial Officer of the Company, or another Person designated in writing by the Company, to the offices, facilities, properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany, and (ii) request its Representatives to cooperate with Parent’s investigation (at Parent’s sole expense), except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation Contract requires the Company Group to restrict or otherwise prohibit access by Parent or its Representatives to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) such disclosure relates to interactions with other prospective buyers of the Company or the negotiation of this Agreement and the transactions contemplated hereby, or information relating to the analysis, valuation or consideration of the Merger or the transactions contemplated hereby; (d) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (de) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosurethird Persons; or (ef) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand; provided that the Company shall use reasonable best efforts to communicate to Parent the requested information (or as much of it as possible) in a way that would not waive any applicable privilege, contravene any applicable Law or Contract or disclose such trade secrets, as applicable. Subject to Section 7.19, nothing Nothing in this Section 7.4 will 6.6(a) shall be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions or other informationinformation that is not already prepared internally in the ordinary course of business at the time of such request. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.6(a) shall be conducted in a manner that does not unreasonably and materially (i) interfere or otherwise result in any significant interference with the conduct of the business discharge by officers, employees and other authorized Representatives of the Company Group or any of its Subsidiaries of their normal duties, or (ii) create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will, to the extent not prohibited by the applicable Lease, include the right to perform non-invasive assessments of the environmental condition of the Leased Real Property or of the compliance of the Company’s operations with Environmental Laws, but will not include the right to perform invasive testing. Notwithstanding anything to testing without the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable LawCompany’s prior written consent. The terms and conditions of the Confidentiality Agreement will apply to any non-public information obtained disclosed by Parent the Company, its Subsidiaries or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations6.6(a). All requests for access pursuant to this Section 7.4 6.6(a) must be directed to the General Counsel Chief Financial Officer of the Company, Company or another person designated in writing by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Zymergen Inc.), Merger Agreement (Ginkgo Bioworks Holdings, Inc.)
Access. At all times during (a) For purposes of furthering the period commencing with Mergers but subject to the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closingfollowing sentence, the Company will (shall, and will shall cause its the Company Subsidiaries to, (x) afford Parent and its Representatives reasonable access during normal business hours, hours and upon reasonable advance notice, throughout the period prior to the Effective Time, to its and its Subsidiaries’ personnel, properties, offices and other facilities, Contracts, books and records and any report, schedule or other document filed or received by it pursuant to the requirements of applicable Laws and, during such period and (y) make available to Parent and its Representatives all other available information concerning its business, developed and in-development products, properties and personnel as Parent may reasonably request. Parent will use its reasonable best efforts to minimize any disruption to the businesses of the Company Groupthat may result from such requests for access, except data and information. The Company shall, and shall cause its Subsidiaries to, without limitation to the preceding obligations, make available to Parent and its Representatives (i) a copy of each report, schedule, registration statement and other document filed or received by it during such period pursuant to the requirements of U.S. federal securities laws (other than reports or documents that the Company may restrict or otherwise prohibit access is not permitted to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such disclose under applicable Law following such disclosure; or Law) and (eii) such documents or information are reasonably pertinent to any adverse Legal Proceeding a copy of all substantive correspondence between the Company and or any of its AffiliatesSubsidiaries, on the one hand, and Parent and its Affiliatesany party to a Contract, on the other hand. Subject , with regard to Section 7.19any material action, nothing consent, approval or waiver that is required to be taken or obtained with respect to such Contract in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere connection with the conduct consummation of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company GroupMergers. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this AgreementThe foregoing notwithstanding, the Company may satisfy its obligations set forth above by electronic means shall not be required to provide access to or make available to any person any document or information if physical access is not permitted under applicable Law. The terms and conditions doing so would, in the reasonable judgment of the Confidentiality Agreement will apply to Company, as applicable, after consultation with its outside counsel, (A) violate any information obtained by Parent or any Law, (B) result in a violation of its Representatives in connection a confidentiality agreement with any investigation conducted pursuant a third party entered into prior to the access contemplated by date of this Section 7.4Agreement or (C) jeopardize the attorney-client, attorney work product or other than any information that has been made, is or becomes available to Parent or any legal privilege of its Representatives by or from the Company or any of its Subsidiaries.
(b) No investigation by the Company or Parent or their respective Representatives shall affect or be deemed to modify or waive the representations and warranties of the other Party set forth in the ordinary course of this Agreement.
(c) The Parties hereby agree that all information provided to them or their ongoing business arrangements consistent with past practice, including respective Representatives in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to Agreement and the General Counsel consummation of the CompanyMergers shall be governed in accordance with the confidentiality agreement, or another person designated dated as of March 20, 2017, by the Company. In the event that and between the Company objects to any request submitted pursuant to this Section 7.4 on and Parent (the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightConfidentiality Agreement”).
Appears in 2 contracts
Samples: Merger Agreement (Ixys Corp /De/), Merger Agreement (Littelfuse Inc /De)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closing, the (a) The Company will shall (and will cause its Subsidiaries toi) afford Parent make available for inspection by Buyer and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the such of its properties, offices and other facilities, Contractsassets, books of accounts, records (including the work papers of its independent accountants), data and records Intellectual Property, and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access to Contracts and any documents or information other materials to the extent that, (a) any applicable Law or regulation requires the Company Group reasonably requested by Buyer relating to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliatesexisting and prospective businesses and assets and Liabilities, on the one handin each case, upon reasonable notice and at such times as Buyer may reasonably request, and Parent (ii) make available to Buyer and its AffiliatesRepresentatives, on the officers, other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require senior management and Representatives of the Company Group or any of for interviews, upon reasonable notice at such times as Buyer and its Representatives may reasonably request, to prepare verify and discuss the information furnished to Buyer and its Representatives and otherwise discuss the Company’s existing and prospective businesses and assets and Liabilities.
(b) Any and all such inspections, interviews, and access for investigations shall be conducted in compliance with applicable Law (including any reportsapplicable competition, analysesantitrust or trade regulation Law), appraisals, opinions in accordance with the terms of any applicable lease or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted applicable agreements, during normal business hours and in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything herein to the contrary in this Agreementcontrary, the Company may satisfy its obligations set forth above by electronic means if physical no such access is not or examination shall be permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information extent that has been made, is or becomes available to Parent or any of its Representatives by or from it would require the Company or any of its Representatives the Seller to disclose information if such disclosure (i) would result in the ordinary course waiver of their ongoing business arrangements consistent with past practiceany attorney-client privilege or attorney work product privilege, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant (ii) would breach any third party confidentiality obligations to this Section 7.4 must be directed to which the General Counsel of the CompanyCompany is bound, or another person designated by the Company. In the event that the Company objects to (iii) would violate any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parentapplicable Law; provided that, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representativeseach case, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit use its commercially reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures communicate to as promptly as practicable permit such access and Buyer the furnishing of such requested information and documents in a manner way that would not result in any waiver, breach, or violation contemplated by clauses (i) through (iii), respectively.
(c) The Buyer shall, and shall procure that the Company (or the relevant Group Company) shall, for a seven year period after Closing, retain and permit the Seller to remove have reasonable access to (with the basis for right to take copies at the objectionSeller’s expense) the books, including by arrangement records, documents and information of appropriate the Company to the extent they relate to periods prior to Closing and with the exception of Seller Excluded Materials (“counsel-to-counsel” disclosureTransferred Records”). Without prejudice to the foregoing, clean room proceduresthe Buyer shall permit the Seller to seek the reasonable assistance of the persons who were employees of the Company at the Relevant Time, redaction and other customary procedureswhilst they remain so, entry into a customary joint defense agreement and, to answer queries or otherwise assist the Seller with respect to the contractual termination or acceleration right contemplated by clause (c) Transferred Records. For the purposes of this Section 7.48.1(c), obtaining “Seller Excluded Materials” shall mean such documentation and materials (or parts thereof) the disclosure of which would cause a risk of loss or waiver with respect to of privilege for the Buyer or consent under such contractual termination any of the Buyer Group Companies, where disclosure would be in breach of law or acceleration rightregulation or that involve any trade secrets or other highly confidential information of the Buyer or any of the Buyer Group Companies.
Appears in 2 contracts
Samples: Share Purchase Agreement (Odyssey Therapeutics, Inc.), Share Purchase Agreement (Odyssey Therapeutics, Inc.)
Access. At all times during During the period commencing with on the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries; provided, except however, that (a) the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation (including any COVID-19 Measures) requires the Company Group or any of its Subsidiaries to restrict or otherwise prohibit access to such documents or information; , (bii) granting such access would violate any obligations of the Company or any of its Subsidiaries with respect to confidentiality to any third party or otherwise breach, contravene or violate, constitute a default under, or give a third party the right to terminate or accelerate an obligation under, any then effective Contract to which the Company or any of its Subsidiaries is a party, (iii) access to such documents or information would give rise reasonably be expected to result in a material risk waiver of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; information or (eiv) such documents or information are reasonably pertinent relate to any adverse Legal Proceeding between the evaluation or negotiation of this Agreement, the transactions contemplated hereby or, subject to Section 5.2, an Acquisition Proposal or Superior Proposal, and (b) in each case, such access may be limited to the extent the Company reasonably determines, in light of COVID-19 or any COVID-19 Measures, that such access would jeopardize the health and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require safety of any employee of the Company Group or any of its Representatives Subsidiaries. In the event that the Company does not provide access or information in reliance on (x) clauses (a)(i), (a)(ii) or (a)(iii) of the preceding sentence, it shall use its reasonable best efforts to prepare communicate the applicable information to Parent in a way that would not violate any reportsapplicable Law, analysesContract or obligation or waive such a privilege, appraisalsand (y) clause (b) of the preceding sentence, opinions it shall use its reasonable best efforts to communicate the applicable information to Parent in a way that the Company reasonably determines would not jeopardize the health and safety of any employee of the Company or other informationany of its Subsidiaries. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.6 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or any of its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties or any of the Company Group will its Subsidiaries, shall be subject to the Company’s or any of its Subsidiaries’ reasonable security measures and insurance requirements requirements, and will shall not include the right to perform invasive testing. Notwithstanding anything to testing without the contrary Company’s prior written consent, in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawsole discretion. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available 6.6. Nothing in this Section 6.6 shall be construed to Parent or any of its Representatives by or from require the Company or any Representatives of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel any of the Companyforegoing to prepare any new reports, analyses, appraisals, opinions or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightinformation.
Appears in 2 contracts
Samples: Merger Agreement (Biogen Inc.), Merger Agreement (Reata Pharmaceuticals Inc)
Access. At all times during the period commencing with the execution (a) The Company shall afford, and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closing, the Company will (and will shall cause its Subsidiaries to) afford Affiliates, agents, and representatives to afford, to Parent and to its Representatives officers, employees, accountants, consultants, legal counsel, financial advisors, prospective financing sources, Affiliates and agents and other representatives (collectively, “Representatives”) reasonable access during normal business hourshours (and at other times as may be mutually agreed), upon reasonable advance noticethroughout the period prior to the earlier of the Effective Time and the Termination Date, to the its and its Affiliates’ officers, employees, accountants, properties, offices and other facilitiescontracts, Contractscommitments, books and records and personnel any report, schedule or other document filed or received by it pursuant to the requirements of applicable Laws and shall furnish Parent with financial, operating and other data and information as Parent, through its officers, employees or other authorized representatives, may from time to time reasonably request in writing. Notwithstanding the foregoing, the Company shall not be required to afford such access if it would unreasonably disrupt the operations of the Company Groupor any of its Affiliates, except that the Company may restrict or otherwise prohibit access to would cause a violation of any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract agreement to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare Affiliates is a party, or would constitute a violation of any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by , nor shall Parent or any of its Representatives in connection be permitted to perform any onsite procedure (including any onsite environmental study) with respect to any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any property of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practiceAffiliates, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement andexcept, with respect to any on site procedure, with the contractual termination Company’s prior written consent (which consent shall not be unreasonably withheld, delayed or acceleration right conditioned).
(b) Parent hereby agrees that all information provided to it or its Representatives in connection with this Agreement and the consummation of the transactions contemplated by clause this Agreement shall be kept confidential in accordance with the Confidentiality and Nondisclosure Agreement, dated as of May 8, 2007 between the Company and Vestar Capital Partners V, L.P. (cthe “Confidentiality Agreement”) of this Section 7.4, obtaining a waiver with respect which Confidentiality Agreement shall continue to or consent under such contractual termination or acceleration rightapply.
Appears in 2 contracts
Samples: Merger Agreement (Vestar Capital Partners v L P), Merger Agreement (Radiation Therapy Services Inc)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX X and the ClosingEffective Time, the Company will (shall, and will shall cause its each of the Company Subsidiaries to) , afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand, except that during such period, the Company shall, and shall cause each of the Company Subsidiaries to, furnish promptly to Parent and its Representatives any information concerning its business, Taxes, properties or personnel as Parent may restrict reasonably request, including (i) any report, schedule and other document filed or otherwise prohibit access to furnished by it with the SEC and any documents or information material communication (including “comment letters”) received by the Company from the SEC in respect of such filings, and (ii) internal monthly consolidated financial statements of the Company and the Company Subsidiaries, to the extent thatprepared in the Ordinary Course of Business; provided, (a) however, that no information or knowledge obtained by Parent in any applicable Law investigation conducted pursuant to the access contemplated by this Section 5.03 shall affect or regulation requires be deemed to modify any representation or warranty of the Company Group to restrict set forth in this Agreement or otherwise prohibit access impair the rights and remedies available to such documents or information; (b) access Parent and Merger Sub hereunder. Subject to such documents or information would give rise to a material risk compliance with applicable Law, from the Effective Date until the earlier of waiving any attorney-client privilegethe termination of this Agreement and the Effective Time, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party shall confer from time to time as reasonably requested by Parent with Parent or otherwise bound would violate its Representatives to discuss any material changes or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result developments in the disclosure operational matters of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on general status of the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require ongoing operations of the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationCompany. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 5.03 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and the Company Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties or any of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightSubsidiaries.
Appears in 2 contracts
Samples: Merger Agreement (Helix TCS, Inc.), Merger Agreement (Helix TCS, Inc.)
Access. (a) At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingAppointment Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives accountants, legal counsel and other representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupto enable Parent to obtain all information concerning the business, except including the status of product development efforts, properties, results of operations and personnel of the Company, as Parent may reasonably request; provided, however, that notwithstanding the foregoing, neither the Company may restrict or otherwise prohibit nor any of its Subsidiaries shall be required to provide access to or to disclose information where such access or disclosure would contravene any documents Legal Requirement or information Order or that would reasonably be expected to the extent that, (a) any applicable Law violate or regulation requires the Company Group to restrict result in a loss or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk impairment of waiving any attorney-client privilege, or work product doctrine privilege. In furtherance of the foregoing, no information identifying individual employees or other privilege applicable to such documents or information; (c) access to a Contract to which the consultants of Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives Subsidiaries or protected personal information regarding such employees or consultants will be disclosed under this Agreement (including in the Company Disclosure Schedule) in respect of employees or consultants that are employed (or were employed and remain domiciled) in any country that has enacted legislation implementing the EU Personal Data Privacy Directive or similar legislation, except to prepare the extent permitted by a contractual undertaking entered into by the Company and Parent regarding maintenance of privacy of such data in a form reasonably necessary to effect compliance with such legislation.
(b) In particular, but without limitation, from and after the date of this Agreement, Parent and its agents, contractors and representatives shall have the right and privilege of entering upon all properties leased or occupied by the Company or any reportsof its Subsidiaries and of reviewing the Company’s books and records regarding such properties from time to time as needed to make any inspections, analysesevaluations, appraisals, opinions surveys or other information. Any tests which Parent may deem necessary or appropriate.
(c) No information or knowledge obtained by Parent in any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.6: (i) shall affect or be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business deemed to modify any representation or warranty of the Company Group set forth herein or create a material risk of damage or destruction to any property or assets of the Company Group. Any access conditions to the properties obligations of Parent and Merger Sub to consummate the Company Group will be subject transactions contemplated hereby, including the Offer and the Merger, (ii) shall limit or otherwise affect Parent’s right to rely on the Company’s reasonable security measures representations and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary warranties in this Agreement, (iii) shall be interpreted as a waiver of Parent’s rights or remedies under this Agreement and applicable Legal Requirements or (iv) shall otherwise limit, impair or affect the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted remedies available to Parent and Merger Sub under this Agreement and applicable LawLegal Requirements. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available provided to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right6.6.
Appears in 2 contracts
Samples: Merger Agreement (Autodesk Inc), Merger Agreement (Moldflow Corp)
Access. At (a) Subject to all times during applicable Laws (including any banking rules, regulations of any Governmental Authority and any requirements in relation to the period commencing with Banking Licenses) and the execution and delivery other provisions of this Agreement and continuing Section 7.6, until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingEffective Time, the Company will (shall upon reasonable prior notice provided by the Parent Group and will cause its Subsidiaries to) at the Parent Group’s sole expense, afford Parent Group’s officers and its other authorized Representatives reasonable access during normal business hoursaccess, upon at all reasonable advance notice, times to the Company’s or its Subsidiaries’ (as applicable) Contracts, books and records (in each case, whether in physical or electronic form) and officers, as well as properties, offices and other facilities, Contractsand, all other information and documents concerning its business, financial condition and operations, properties and personnel as Parent Group may reasonably request; provided, that with respect to any discussions regarding future employment terms and any Banking Licenses, such access shall be done in coordination with the Company, provided further, that any such access or furnishing of information shall be under the supervision of the Company’s personnel and in such a manner as not to interfere with the normal operations of the Company and its Subsidiaries.
(b) Without limiting the foregoing, the Company will provide to Parent Group, simultaneously with their provision of the same to any shareholder of the Company, with a copy of the true and correct unaudited consolidated statements of financial position and related consolidated statements of income and cash flows of the Company and its Subsidiaries for the most recent month-end prepared using the books and records and personnel of the Company Groupand its Subsidiaries delivered to the shareholders after the date hereof. [***] Certain information in this document has been excluded pursuant to Regulation S-K, except Item 601(b)(10). Such excluded information is both (i) not material and (ii) the type that the Registrant treats as private or confidential.
(c) Notwithstanding anything to the contrary in this Agreement, nothing in this Section 7.6 shall require and shall not be construed to require the Company to provide the Parent Group or its Affiliates any access or furnish any such information that the Company may restrict reasonably believes would (i) result in the disclosure of any trade secrets of any third parties or otherwise prohibit access breach of the terms of any confidentiality obligations, to which the Company or any documents or information of its Subsidiaries is bound, in any agreement with a third party entered into prior to the extent thatdate of this Agreement, (aii) result in a violation of, or contravene, any applicable Law Laws, fiduciary duty or regulation requires Contract of the Company Group or its Subsidiaries, (iii) compromise or constitute a waiver of any attorney-client or attorney work product privilege or other legal privilege of the Company or its Affiliates, and all such information that is entitled to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any protection under the attorney-client privilege, work product doctrine or other applicable privilege applicable shall remain entitled to such documents or information; (c) access to a Contract to which protection under these privileges, this Agreement, and under the Company Group is a party or otherwise bound would violate or cause a default pursuant tojoint defense doctrine, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (div) access would result in the disclosure of any material trade secrets of Persons in a manner sensitive or personal information that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between expose the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreementliability, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4provided, other than any information that has been madehowever, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to shall notify Parent Group when information or records are being withheld because of restrictions that are based on any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in foregoing clauses (ai) to through (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightiv).
Appears in 2 contracts
Samples: Merger Agreement (Shift4 Payments, Inc.), Merger Agreement (Shift4 Payments, Inc.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article Article IX and the ClosingEffective Time, the Company will (shall, and will shall cause each of its Subsidiaries to) , afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand, except during such period, the Company shall, and shall cause each of its Subsidiaries to, furnish promptly to Parent and its Representatives any information concerning its business, Taxes, properties or personnel as Parent may reasonably request, including (a) any report, schedule and other document filed or furnished by it with the SEC and any material communication (including “comment letters”) received by the Company from the SEC in respect of such filings, and (b) internal monthly consolidated financial statements of the Company and its Subsidiaries, to the extent prepared in the ordinary course of business consistent with past practice; provided, however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (bii) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; , or (ciii) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant tounder, or give any Person a third party the right to terminate or accelerate the rights pursuant tounder, such Contract; (d) and provided further, that no information or knowledge obtained by Parent in any investigation conducted pursuant to the access would result contemplated by this Section 5.4 shall affect or be deemed to modify any representation or warranty of the Company set forth in this Agreement or otherwise impair the rights and remedies available to Parent and Merger Sub hereunder. In the event that the Company does not provide access or information in reliance on the first proviso in the disclosure preceding sentence, it shall use its reasonable best efforts to communicate the applicable information to Parent in a way that would not violate the applicable Law, Contract or obligation or to waive such a privilege. Subject to compliance with applicable Law, from the date hereof until the earlier of the termination of this Agreement and the Effective Time, the Company shall confer from time to time as reasonably requested by Parent with Parent or its Representatives to discuss any material trade secrets changes or developments in the operational matters of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on general status of the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require ongoing operations of the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationCompany. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will Section 5.4 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor any of its Subsidiaries. Any access to the Company’s properties of the Company Group will shall be subject to the Company’s reasonable security measures and insurance requirements and will shall not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives or employees in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightSection 5.4.
Appears in 2 contracts
Samples: Merger Agreement (Lumenis LTD), Merger Agreement (Lumenis LTD)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until Until the earlier to occur of the termination of this Agreement pursuant to Article IX VII and the ClosingEffective Time, the Company will (and will cause shall afford Parent, its Subsidiaries to) afford Parent Affiliates and its Representatives financing sources and their respective financial advisors, business consultants, legal counsel, accountants and other agents and representatives reasonable access during normal business hours, upon reasonable advance noticeprior notice provided to the Company’s Chief Executive Officer and Chief Financial Officer, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupas Parent may reasonably request; provided, except however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; (c) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant tounder, or give any Person a third party the right to terminate or accelerate the rights pursuant tounder, such ContractContract (it being agreed that the Company and Parent shall cooperate in good faith to design and implement alternative procedures to enable Parent to evaluate any such Contract without causing a violation or causing a default thereunder or giving any third party a right to terminate or accelerate the rights thereunder); or (d) access would result such disclosure relates to individual performance or personnel evaluation records, medical histories or other personnel information that in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between Company’s good faith opinion could subject the Company or any of its Subsidiaries to liability; and its Affiliatesprovided, on the one handfurther, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, that nothing in this Section 7.4 will 5.8 shall be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 5.8 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor any of its Subsidiaries. Any access to the Company’s properties of the Company Group will shall be subject to the Company’s reasonable security measures and insurance requirements and will shall not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent Parent, its Affiliates and its financing sources or any of its Representatives their respective financial advisors, business consultants, legal counsel, accountants and other agents and representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right5.8.
Appears in 2 contracts
Samples: Merger Agreement (Valley Telephone Co., LLC), Merger Agreement (Knology Inc)
Access. At all times during (a) From the period commencing with the execution and delivery of this Agreement and continuing date hereof until the earlier to occur Closing Date, Seller shall, at the prior written request of the termination of this Agreement pursuant to Article IX and the ClosingBuyer, the Company will (and will cause its Subsidiaries toi) afford Parent give Buyer and its Representatives Representatives, who are bound by the Mutual Confidentiality Agreement, reasonable access during normal business hours, upon reasonable advance notice, Working Hours to the offices and properties, offices and other facilities, Contracts, to copies of books and records and personnel records, of the Company Group, except that Group subject in all respects to any and all restrictions and protections related to the COVID-19 virus (or any variant or strain thereof) applicable to the Company may restrict Group or otherwise prohibit access that Seller and the Company Group have in effect; (ii) furnish to Buyer and its Representatives, who are bound by the Mutual Confidentiality Agreement, such financial and operating data and any documents or other information relating to the extent thatCompany Group and in the possession of Seller or the Company Group members as such Persons may reasonably request; and (iii) instruct the employees, (a) any applicable Law or regulation requires counsel and financial advisors of the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result cooperate with Buyer in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any investigation pursuant to this Section 5.04 shall be conducted in such manner as not to interfere unreasonably with the conduct of the Company Group or to violate any policies and procedures related to the COVID-19 virus (or any variant or strain thereof) that Seller or the Company Group has in effect or as required by a Governmental Authority or state Governor. Notwithstanding the foregoing, (A) Seller shall not be required to provide or cause to be provided access to or disclose or cause to be disclosed information where such access or disclosure would jeopardize the attorney-client or other privilege, contravene any Applicable Law or Contract or contravene any confidentiality undertaking; and (B) prior to the Closing Date and unless otherwise expressly required by any Governmental Authority, Buyer shall have no right to perform or cause to be performed any invasive or subsurface investigations of the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this AgreementGroup, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions including any sampling or testing of the Confidentiality Agreement will apply air, soil, surface water, groundwater, building materials or other environmental media, unless Seller consents in writing to any information obtained by Parent or any of its Representatives such investigations, which consent may be withheld in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with ParentSeller’s preparation of its consolidated financial statements or its public reporting obligationssole discretion. All requests for access information provided or obtained pursuant to this Section 7.4 must 5.04 shall be directed to kept confidential by Buyer and its Representatives in accordance with the General Counsel of Mutual Confidentiality Agreement.
(b) From the Companydate hereof until the Closing Date, without Seller’s prior written consent, Buyer shall not, and shall cause its Affiliates not to, contact any customers, vendors or suppliers of, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representativesother third parties having business relationships with, the Company Group members, provided that if Seller provides its written consent, any such contact shall cooperate be conducted in compliance with Parent the terms of the Mutual Confidentiality Agreement and Representatives of Seller shall be entitled to make appropriate substitute arrangements to permit reasonable substitute access notice of, and participation in, all such meetings. Notwithstanding the foregoing, this Section 5.04(b) shall not restrict Buyer or disclosure, including through the use of reasonable best efforts to take its Affiliates from any such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect contact does not relate to the contractual termination Company Group, this Agreement or acceleration right the transactions contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration righthereby.
Appears in 2 contracts
Samples: Membership Interest Purchase Agreement (Fortress Transportation & Infrastructure Investors LLC), Membership Interest Purchase Agreement (United States Steel Corp)
Access. At all times during (a) From the period commencing with the execution and delivery of this Agreement and continuing until date hereof through the earlier to occur of the Closing or the termination of this Agreement pursuant to Article IX and the Closing, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical shall provide to the Purchaser and such Purchaser’s authorized agents, Affiliates, officers and representatives (including financing sources and their respective representatives) (a) reasonable access is not permitted under applicable Law. The terms to the books and conditions records, customers, properties, directors, managers and officers of the Confidentiality Agreement will apply Company, including copies of minutes of all meetings of directors and shareholders (and all actions by written consent) from September 22, 2014 through the Closing; provided, however, that such examinations and investigations shall be conducted during the Company’s normal business hours and in the presence of a designated representative of the Company and shall not unreasonably interfere with the operations and activities of the Company; (b) copies of all Contracts, books and records, documents relating to the terms of employment or any other matter relating to any information obtained by Parent officer, director, manager or employee of any of its Representatives in connection with any investigation conducted pursuant the Company and other existing documents and data as such Purchaser may reasonably request; and (c) such additional financial, operating and other data and information as such Purchaser may reasonably request.
(b) Without limiting the foregoing, but subject to the access contemplated by other terms of this Section 7.46.3, other than the Company shall consult with the Purchaser, and allow the Purchaser the opportunity to reasonably participate in, at the Purchaser’s cost, and keep the Purchaser reasonably informed with respect to, any information that has been made, is or becomes available to Parent or Legal Action brought by any shareholder of its Representatives by or from the Company against the Company or any of its Representatives in directors or officers. The Company shall also provide the ordinary course officers of the Purchaser with access to the personnel of the Company relating to responsibilities and/or potential contractual arrangements of the Company to be effective on or after the Closing. Neither the Company, the Purchaser, nor any of their ongoing business arrangements consistent with past practicerespective subsidiaries, including in connection with Parent’s preparation shall be required to provide access to or to disclose information (i) where such access or disclosure would jeopardize the attorney-client privilege of its consolidated financial statements such party or its public reporting obligationssubsidiaries or contravene any Law, Order, fiduciary duty or binding agreement entered into prior to the date of this Agreement or (ii) relating to its board’s officers’, employees’, agents’, or financial advisers’ consideration or deliberation of the transactions contemplated hereby. The parties hereto shall make appropriate substitute disclosure arrangements under circumstances in which the restrictions of part (i) of the preceding sentence apply.
(c) A designee of the Purchaser shall be invited and entitled to attend all meetings of the Board of Directors; provided, however, such individuals (i) will attend such meetings in an observational capacity only and shall not participate in any deliberations or decisions of such boards or committees, (ii) shall be excluded from any portions of such meetings involving (A) discussion relating to the transactions contemplated by this Agreement, (B) matters for which the inclusion of such individuals would or could reasonably be expected to violate applicable Law or Orders of a Governmental Entity, or (C) discussions relating to matters which are otherwise reasonably deemed by the Board of Directors to be confidential (together, “Board Confidential Matters”). Board packages and notices shall be submitted by the Company to the Purchaser for distribution to the Purchaser’s designated attendee simultaneously with their submission to board members; provided that information relating to Board Confidential Matters may be excluded therefrom. All requests for access information and materials provided pursuant to this Section 7.4 must Agreement shall be directed subject to the General Counsel provisions of the CompanyAmended Mutual Non-Disclosure Agreement entered into between Avenue Investments, L.P. and the Company as of January 9, 2014.
(d) This Section 6.3 shall not affect or otherwise diminish or obviate in any respect, or another person designated by affect the Company. In the event that the Company objects Purchaser’s right to rely upon, any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth representations, warranties or covenants contained in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightAgreement.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Acre Realty Investors Inc), Stock Purchase Agreement (Roberts Realty Investors Inc)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier (a) The Company shall afford to occur of the termination of this Agreement pursuant to Article IX and the Closing, the Company will (and will cause its Subsidiaries to) afford Parent and to its Representatives officers, employees, accountants, consultants, legal counsel, financial advisors, prospective financing sources and agents and other representatives (collectively, “Representatives”) reasonable access during normal business hours, upon reasonable advance noticethroughout the period prior to the earlier of the Effective Time and the Termination Date, to the its and its Subsidiaries’ officers, employees, properties, offices and other facilitiescontracts, Contractscommitments, books and records and personnel any report, schedule or other document filed or received by it pursuant to the requirements of applicable Laws and shall furnish Parent with financial, operating and other data and information as Parent, through its officers, employees or other authorized Representatives, may from time to time reasonably request in writing. Notwithstanding the foregoing, the Company shall not be required to afford such access if it would unreasonably disrupt the operations of the Company Groupor any of its Subsidiaries, except that the Company may restrict or otherwise prohibit access to would cause a violation of any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract agreement to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reportsSubsidiaries is a party, analyses, appraisals, opinions or other information. Any investigation conducted pursuant would cause a reasonable risk of a loss of privilege to the access contemplated by this Section 7.4 will be conducted in Company or any of its Subsidiaries or would constitute a manner that does not unreasonably and materially interfere with the conduct violation of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by , nor shall Parent or any of its Representatives in connection be permitted to perform any onsite procedure (including any onsite environmental study) with respect to any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any property of its Representatives by or from the Company or any of its Representatives in Subsidiaries, except, with respect to any on site procedure, with the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with ParentCompany’s preparation of its consolidated financial statements or its public reporting obligationsprior written consent. All requests for access No investigation pursuant to this Section 7.4 must be directed 5.2 shall affect any representation or warranty in this Agreement of any party hereto or any condition to the General Counsel obligations of the Companyparties hereto.
(b) Parent hereby agrees that all information provided to it or its Representatives in connection with this Agreement and the consummation of the transactions contemplated by this Agreement shall be kept confidential in accordance with the Confidentiality Agreement, or another person designated by the Company. In the event that dated as of November 17, 2007 between the Company objects and Parent (the “Confidentiality Agreement”) which Confidentiality Agreement shall continue to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightapply.
Appears in 2 contracts
Samples: Merger Agreement (Triquint Semiconductor Inc), Agreement and Plan of Merger (Wj Communications Inc)
Access. At all times during On and after the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingClosing Date, the Company will (and Purchaser will cause its Subsidiaries to) the Companies to afford Parent promptly to the Seller and its Representatives agents reasonable access during normal business hours, upon reasonable advance notice, to the each of their respective properties, offices books, records, employees and other facilities, Contracts, books and records and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information auditors to the extent thatnecessary to permit the Seller to determine any matter relating to its rights and obligations hereunder or to any period ending on or before the Closing Date; provided, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilegehowever, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between access by the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does Seller shall not unreasonably and materially interfere with the conduct of the business of the Company Group Purchaser. The Purchaser shall promptly provide the Seller with copies of any environmental assessments or create a material risk audits of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group Seller conducted by the Purchaser or its representatives. The Purchaser will be subject hold, and will use its reasonable best efforts to cause its officers, directors, employees, accountants, counsel, consultants, advisors and agents to hold, in confidence, unless compelled to disclose by Requirements of Law, all confidential documents and information concerning the Company’s reasonable security measures and insurance requirements Seller or the Companies provided to it pursuant to this Section 6.2. The Purchaser agrees that it is not authorized to and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is (and will not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or permit any of its Representatives in connection with officers, directors or Affiliates to) contact any investigation conducted pursuant director, employee, supplier, customer or other material business relation of the Seller or the Companies prior to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any Closing without the prior written consent of its Representatives by or from the Company or any of its Representatives Seller except for contacts in the ordinary course of their ongoing the Purchaser’s business arrangements consistent that do not make inquiry or disclosure respecting the Companies, the Seller, the transactions contemplated by this Agreement, the Purchaser’s contact or interaction with past practicethe Companies or the Seller, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) existence of this Section 7.4, it must do so by providing Parent, in reasonable detail, Agreement or any other interaction involving the nature of what is being prevented and/or withheld and Companies or the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightSeller.
Appears in 2 contracts
Samples: Stock Purchase Agreement (API Technologies Corp.), Stock Purchase Agreement (Measurement Specialties Inc)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX X and the ClosingAppointment Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany; provided, except however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (bii) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; , or (ciii) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant tounder, or give any Person a third party the right to terminate or accelerate the rights pursuant tounder, such Contract; (d) and provided further, that no information or knowledge obtained by Parent in any investigation conducted pursuant to the access would result contemplated by this Section 6.4 shall affect or be deemed to modify any representation or warranty of the Company set forth in this Agreement or otherwise impair the disclosure of any material trade secrets of Persons rights and remedies available to Parent and Acquisition Sub hereunder. In the event that the Company does not provide access or information in reliance on the preceding sentence, it shall use its reasonable best efforts to communicate the applicable information to Parent in a manner way that would result in any not violate the applicable Law, Contract or obligation or to waive such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationa privilege. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.4 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor any of its Subsidiaries. Any access to the Company’s properties of the Company Group will shall be subject to the Company’s reasonable security measures and insurance requirements and will shall not include the right to perform invasive testing. Notwithstanding anything The Company shall make available to the contrary in this AgreementParent, by 11:59 p.m. (Pacific time) on August 23, 2010, (i) a list of commercial Software code that is incorporated by the Company may satisfy or its obligations set forth above Subsidiaries into the products of the Company and its Subsidiaries and that is licensed to Company or its Subsidiaries by electronic means if physical access is not permitted under a third party pursuant to a negotiated license with the Company or its Subsidiaries, and (ii) copies of the applicable Lawlicenses; in each case, excluding “open source” Software and Software licensed pursuant to non-negotiable Contracts (including “shrink-wrap” and “click-through” Contracts). The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right6.4.
Appears in 2 contracts
Samples: Merger Agreement (Dell Inc), Agreement and Plan of Merger (3PAR Inc.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingUpon reasonable advance written notice, the Company will shall (and will shall cause its Subsidiaries to) afford Parent and its Representatives Parent’s representatives reasonable access access, during normal business hours, upon reasonable advance noticehours throughout the period prior to the Effective Time, to the Acquired Companies’ employees, customers, vendors, partners, properties, offices and other facilitiesbooks, Contractsreal properties, books and records and personnel contracts and, during such period, the Company shall furnish promptly to Parent all available information concerning its business as Parent may reasonably request; provided, however, that the Acquired Companies shall not be required to permit any inspection or other access, or to disclose any information, that in the reasonable judgment of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, could: (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons Third Parties; (b) violate any obligation of the Acquired Companies with respect to confidentiality, non-disclosure or privacy; (c) jeopardize protections afforded the Company under the attorney-client privilege or the attorney work product doctrine; (d) violate any Law (it being agreed that, with respect to clauses (a), (b), (c) or (d), that the Parties shall use their reasonable best efforts to cause such information to be provided in a manner that would not result in any such trade secrets no longer being protected as such under applicable Law following such disclosurejeopardy, contravention or violation); or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group Acquired Companies’ business. No investigation pursuant to this Section 6.4 shall affect or create a material risk of damage be deemed to modify any representation or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary warranty in this Agreement, Agreement of any Party or otherwise limit or affect the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes remedies available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 6.4 must be directed to the General Counsel Chief Executive Officer of the Company, Company or another person designated in writing by the Company. In Notwithstanding anything herein to the event that contrary, Parent and Acquisition Sub shall not, and shall cause their respective representatives not to, contact any customer or supplier of the Company objects in connection with the Offer, the Merger or any of the other transactions contemplated by this Agreement without the Company’s prior consent (such consent not to be unreasonably withheld, conditioned or delayed), and Parent and Acquisition Sub acknowledge and agree that any request submitted such contact shall be arranged by and with a representative of the Company participating. All information obtained by Parent and its representatives pursuant to this Section 7.4 on the basis of one or more 6.4 shall be treated as “Evaluation Material” of the matters set forth in clauses (a) to (e) Acquired Companies for purposes of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightConfidentiality Agreement.
Appears in 2 contracts
Samples: Merger Agreement (Amplify Snack Brands, INC), Merger Agreement (Hershey Co)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (shall, and will shall cause its Subsidiaries to) , afford Parent and its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records records, officers, agents and personnel of the Company Groupand its Subsidiaries and the Company shall, except and shall cause its Subsidiaries to furnish to Parent promptly, such information concerning the Company and its Subsidiaries business, personnel, assets, liabilities and properties as Parent may reasonably request; provided, however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation Order requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (b) access to such documents or information would give rise to a material risk would, in the Company’s good faith opinion after consultation with outside legal counsel, result in the loss of waiving any attorney-client privilege, work product doctrine or other applicable legal privilege applicable to such documents or information; , (c) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant tounder, or give any Person a third party the right to terminate or accelerate the rights pursuant tounder, such Contract; Contract (provided that such contract is listed on Section 3.12 of the Company Disclosure Letter), or (d) access would result in subject to the disclosure terms of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (eSection 5.2(b) and Section 5.2(c), such documents or information are reasonably pertinent relate directly or indirectly to any adverse Legal Proceeding between Acquisition Proposals that the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives may have received from any Person or any discussions or negotiations that the Company or any of its Representatives is having with respect to prepare any reportsAcquisition Proposal or any other proposals that could lead to an Acquisition Proposal; and provided further, analysesthat no information or knowledge obtained by Parent in any investigation conducted pursuant to the access contemplated by this Section 5.5 shall affect or be deemed to modify any representation or warranty of the Company set forth in this Agreement or otherwise impair the rights and remedies available to Parent and Merger Sub hereunder. In the event that any of the Company or its Subsidiaries does not provide access or information in reliance on the preceding sentence, appraisalsit shall use its reasonable best efforts to communicate the applicable information to Parent in a way that would not violate the applicable Law, opinions Order, Contract or other informationobligation or waive such a privilege. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 5.5 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or its Subsidiaries, or create a material an unreasonable risk of material damage or destruction to any material property or assets of the Company Groupor any of its Subsidiaries. Any access to the Company’s or its Subsidiaries’ properties of the Company Group will shall be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawrequirements. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations5.5. All requests for data and access pursuant under this Agreement shall be made only to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of and through one or more of the matters set forth individuals designated in clauses (a) to (e) writing by an Executive Vice President of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightCompany.
Appears in 2 contracts
Samples: Merger Agreement (3com Corp), Merger Agreement (Hewlett Packard Co)
Access. At all times during From the period commencing with the execution and delivery date of this Agreement and continuing until to the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingEffective Time, the Company will shall, and shall cause each of its subsidiaries and each of their respective Representatives to use reasonable efforts to: (and will cause its Subsidiaries toi) afford provide to Parent and its Merger Sub and their respective Representatives reasonable access during normal business hourshours in such a manner as not to interfere unreasonably with the operation of the business conducted by the Company or any of its subsidiaries, upon reasonable advance noticeprior written notice to the Company, to the officers, employees, auditors, properties, offices and other facilities, Contracts, facilities of the Company and its subsidiaries and to the books and records thereof; and personnel (ii) furnish promptly to Parent and Merger Sub and their respective Representatives such information concerning the business, properties, contracts, assets and liabilities of the Company Groupand its subsidiaries as Parent and Merger Sub or their respective Representatives may reasonably request; provided that the foregoing shall not require the Company or any of its subsidiaries or Representatives to furnish any such materials that are otherwise publicly available; provided, except further, that the Company may restrict shall not be required to (or otherwise prohibit to cause any of its subsidiaries to) afford such access to any documents or furnish such information to the extent that, (a) any applicable Law or regulation requires that the Company Group to restrict or otherwise prohibit access to such documents or information; believes in good faith that doing so would: (bA) access to such documents or information would give rise to result in a material risk loss of waiving any attorney-client privilege, work privilege or work-product doctrine or other privilege applicable to such documents or informationprotection; (cB) access violate any obligations of the Company or any of its subsidiaries with respect to a confidentiality to any third party or otherwise breach, contravene or violate any then effective Contract to which the Company Group or any of its subsidiaries is a party party; or otherwise bound would violate or cause a default pursuant to(C) breach, contravene, or give violate any Person applicable law (including the right HSR Act or any other antitrust or competition law); provided, further, that the Company shall use commercially reasonable efforts to terminate obtain any consents of third parties that are necessary to allow such information to be disclosed to Parent, Merger Sub and their respective Representatives and shall otherwise use commercially reasonable efforts to allow for such access or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would does not result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; a breach of clauses (A), (B) or (e) C), including pursuant to the use of “clean room” arrangements pursuant to which Representatives of Parent could be provided access to such documents information). Notwithstanding anything contained in this Agreement to the contrary, neither party shall be required to provide any access or make any disclosure to the other pursuant to this Section 5.02 to the extent such access or information are is reasonably pertinent to any adverse Legal Proceeding between a litigation where the Company and or any of its Affiliatesaffiliates, on the one hand, and Parent and or any of its Affiliatesaffiliates, on the other hand, are adverse parties. Subject Parent and the Company may, as each deems advisable and necessary, reasonably designate any competitively sensitive material to Section 7.19, nothing in be provided to the other under this Section 7.4 will 5.02 as “Outside Counsel Only Material.” Such materials and information contained therein shall be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant given only to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct outside counsel of the business recipient and will not be disclosed by such outside counsel to employees, officers or directors of the Company Group or create a material risk of damage or destruction to any property or assets recipient unless express permission is obtained in advance from the source of the Company Groupmaterials (Parent or the Company, as the case may be) or its legal counsel. Any access to the Company’s properties of shall not unreasonably interfere with the Company Group will operations thereon, shall be subject to the Company’s reasonable security measures and insurance requirements and will shall not include the right to perform invasive any “invasive” environmental testing. Notwithstanding anything the foregoing, any access to any Leased Real Property shall be subject to the contrary in this Agreement, Company’s reasonable security measures and the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions insurance requirements of the Confidentiality Agreement will apply applicable Lease and shall not include the right to perform any information obtained by Parent “invasive” testing or soil, air or groundwater sampling, including, without limitation, any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightenvironmental site assessment.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Sunedison, Inc.), Agreement and Plan of Merger (Vivint Solar, Inc.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingAcceptance Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany; provided, except however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (bii) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; , or (ciii) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant tounder, or give any Person a third party the right to terminate or accelerate the rights pursuant tounder, such Contract; (d) and provided further, that no information or knowledge obtained by Parent in any investigation conducted pursuant to the access would result contemplated by this Section 7.8 shall affect or be deemed to modify any representation or warranty of the Company set forth in this Agreement or otherwise impair the disclosure of any material trade secrets of Persons rights and remedies available to Parent and Acquisition Sub hereunder. In the event that the Company does not provide access or information in reliance on the preceding sentence, it shall use its reasonable best efforts to communicate the applicable information to Parent in a manner way that would result in any not violate the applicable Law, Contract or obligation or to waive such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationa privilege. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 7.8 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor any of its Subsidiaries. Any access to the properties of the Company Group will or any of its Subsidiaries shall be subject to the Company’s reasonable security measures and insurance requirements and will shall not include the right to perform invasive testing. Notwithstanding anything to testing without the contrary in this AgreementCompany’s prior written consent (which consent shall not be unreasonably withheld, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawconditioned or delayed). The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.47.8. Nothing in this Section 7.8 or elsewhere in this Agreement shall be construed to require the Company, other than any information that has been made, is or becomes available to Parent or any of its Subsidiaries or any Representatives of any of the foregoing to prepare any reports, analyses, appraisals, opinions or other information, provided, that the Company shall deliver updates to Parent upon the receipt of any material results or other information regarding the status of the Phase II clinical trial for SGI 110 being conducted by or from on behalf of the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightSubsidiaries.
Appears in 2 contracts
Samples: Merger Agreement (Otsuka Holdings Co., Ltd.), Merger Agreement (Astex Pharmaceuticals, Inc)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the Closing, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives Purchaser reasonable access access, consistent with applicable Law, during normal business hours, upon on reasonable advance noticenotice provided in writing to the General Counsel of the Company, or another Person designated in writing by the Company, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation Contract requires the Company Group to restrict or otherwise prohibit access to such documents or information; information (in which case, the Company shall use reasonable best efforts to provide such access as can be provided (or otherwise convey such information regarding the applicable matter as can be conveyed) in compliance with such applicable Law or Contract), (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; information (in which case, the Company shall use reasonable best efforts to provide such access as can be provided (or otherwise convey such information regarding the applicable matter as can be conveyed) without jeopardizing such privilege), (c) access such disclosure relates to a Contract to which interactions with other prospective buyers or transaction partners of the Company Group is a party or otherwise bound would violate or cause a default pursuant tothe negotiation of this Agreement and the transactions contemplated hereby, or give any Person information relating to the right analysis, valuation or consideration of the Transactions or the other transactions contemplated hereby, in each case, subject to terminate Section 5.3, which shall not be limited by this Section 6.7 or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other handthird Persons. Subject to Section 7.19, nothing Nothing in this Section 7.4 will 6.7 shall be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions appraisals or other informationopinions. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.7 shall be conducted in a manner that is consistent with all applicable COVID-19 Measures and (i) that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or otherwise result in any significant interference with the prompt and timely discharge by officers, employees and other authorized Representatives of the Company or any of its Subsidiaries of their normal duties or (ii) create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group will and its Subsidiaries shall be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything or subsurface testing or any sampling, monitoring or analysis of soil, groundwater, building materials, indoor air, or other environmental media of the sort generally referred to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawas a “Phase II” environmental investigation. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent Purchaser or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations6.7. All requests for access pursuant to this Section 7.4 must be directed Notwithstanding anything to the General Counsel of the Companycontrary in this Agreement, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters each Party may satisfy its obligations set forth in clauses (a) to (e) of this Section 7.4, it must do so 6.7 by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such electronic means if physical access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent would not be permitted under such contractual termination or acceleration rightapplicable COVID-19 Measures.
Appears in 2 contracts
Samples: Series B 1 Convertible Preferred Stock Purchase Agreement (Fluidigm Corp), Series B 2 Convertible Preferred Stock Purchase Agreement (Fluidigm Corp)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the Closing, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Group, in each case, solely for purposes of consummating the Merger (including for integration planning), except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosurethird Persons; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing Nothing in this Section 7.4 6.7 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 6.7 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawlaw. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.46.7, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations, or that Parent receives or has a right to receive in connection with any franchise, development or other commercial agreement by and between Parent or any of its Affiliates, on the one hand, and the Company or any of its Affiliates, on the other hand. All requests for access pursuant to this Section 7.4 6.7 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 2 contracts
Samples: Merger Agreement (Restaurant Brands International Limited Partnership), Merger Agreement (Carrols Restaurant Group, Inc.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX X and the Closing, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access access, consistent with applicable Law, during normal business hours, upon reasonable advance notice, to the properties, offices books and other facilitiesrecords, Contracts, books personnel and records and personnel commercial counterparties of the Company Group, including with respect to commercial counterparties in the manner specified in Section 8.6 of the Company Disclosure Letter, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets (including source code) of Persons in a manner that would result in the Company, any such trade secrets no longer being protected as such under applicable Law following such disclosureof its Subsidiaries or any third Persons; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand; provided, however, that the Company will notify Parent in reasonable detail of the circumstances giving rise to any non-disclosure pursuant to the foregoing and the Company shall use commercially reasonable best efforts, and shall cause the Company’s Subsidiaries to use commercially reasonable best efforts, to provide such access or disclosure of such information in the cases of the foregoing sections (a), (b), (c) or (d) to the extent legally permissible. Subject to Section 7.19, nothing Nothing in this Section 7.4 will 8.6 shall be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 8.6 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations8.6. All requests for access pursuant to this Section 7.4 8.6 must be directed to the General Counsel of the Company, or another person designated in writing by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Revance Therapeutics, Inc.), Merger Agreement (Revance Therapeutics, Inc.)
Access. At all times during the period commencing (a) Subject to compliance with the execution and delivery of this Agreement and continuing until the earlier to occur applicable Laws, each of the termination of this Agreement pursuant to Article IX Company and the Closing, the Company will Parent shall (and will each shall cause its Subsidiaries to): (i) afford Parent to the other party and to its Representatives officers, employees, accountants, consultants, legal counsel, financial advisors and agents and other representatives (collectively, “Representatives”) reasonable access access, solely for purposes of furthering the Merger and the other transactions contemplated hereby or integration planning relating thereto, during normal business hours, upon on reasonable advance noticenotice of not less than two Business Days, throughout the period prior to the earlier of the Effective Time and the Termination Date, to the other party’s and its Subsidiaries’ businesses, properties, offices and other facilitiespersonnel, Contractsagents, contracts, commitments, books and records records, other than any such matters that relate to the negotiation and execution of this Agreement, including with respect to the consideration or valuation of the Merger or any financial or strategic alternatives thereto, or any Company Alternative Proposal and (ii) promptly furnish the other party and its Representatives all other information concerning its business, properties and personnel of as may reasonably be requested by the Company Groupother party; provided, except that the Company or Parent, as applicable, may restrict or otherwise prohibit provide such access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not reasonably feasible or would not be permitted under applicable Law. The terms and conditions Law (including any COVID-19 Measures).
(b) Subject to compliance with applicable Laws, throughout the period from the Effective Time until the Control Date (or, as may be applicable in accordance with Section 5.20, the completion of the Confidentiality Agreement will apply Post-Closing Disposition), the Company shall (and shall cause its Subsidiaries to) (i) afford to any information obtained by Parent or any of and its Representatives reasonable access, for purposes of furthering the transactions contemplated hereby or integration planning relating thereto, during normal business hours, on reasonable advance notice of not less than two Business Days, to the Company’s and its Subsidiaries’ businesses, properties, personnel, agents, contracts, commitments, books and records, and (ii) promptly furnish Parent and its Representatives (A) such financial and operating data and other information concerning the Company and its Subsidiaries as may be reasonably requested and is necessary or advisable in connection with any investigation conducted filings contemplated pursuant to Section 5.6 or any Post-Closing Disposition, (B) all reports or other information concerning the Company and its Subsidiaries provided to third parties pursuant to the access contemplated by this Section 7.4, other than terms of any information that has been made, is or becomes available to Parent or any outstanding indebtedness of its Representatives by or from the Company or any of its Representatives Subsidiaries and (C) all other information concerning the Company’s business, properties and personnel as may reasonably be requested by the other party; provided, that the Company may provide such access by electronic means if physical access is not reasonably feasible or would not be permitted under applicable Law (including any COVID-19 Measures); provided, further, that to the extent access to any information of the Company or any of its Subsidiaries requires the entry of a protective order by the STB, the Company or its applicable Subsidiary shall be required to grant such access only if such order is obtained, subject to the terms of such order.
(c) The foregoing provisions of this Section 5.3 notwithstanding, neither the Company nor Parent shall be required to afford such access or furnish such information if it would unreasonably disrupt the operations of such party or any of its Subsidiaries, would cause a violation of any agreement to which such party or any of its Subsidiaries is a party, would result in a loss of privilege or trade secret protection to such party or any of its Subsidiaries, would result in the ordinary course disclosure of their ongoing business arrangements consistent with past practice, including any information in connection with Parent’s preparation any litigation or similar dispute between the parties hereto, would constitute a violation of its consolidated financial statements any applicable Law or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed result in the disclosure of any personal information that would expose the such party to the General Counsel risk of the Company, or another person designated by the Companyliability. In the event that Parent or the Company objects to any request submitted pursuant to and in accordance with this Section 7.4 5.3 and withholds information on the basis of one the foregoing sentence, the Company or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detailas applicable, shall inform the other party as to the general nature of what is being prevented and/or withheld and the reasons therefor, Company and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent use reasonable best efforts to make appropriate substitute arrangements to permit reasonable substitute access or disclosuredisclosure that does not suffer from any of the foregoing impediments, including through the use of reasonable best efforts to take (i) obtain the required consent or waiver of any third party required to provide such actions information and (ii) implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing disclosure of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room proceduresprocedures (including as set forth in the Clean Team Agreement), redaction if the parties determine that doing so would reasonably permit the disclosure of such information without violating applicable Law or jeopardizing such privilege.
(d) Each of the Company and other customary proceduresParent hereby agrees that all information provided to it or any of its Representatives in connection with this Agreement and the consummation of the transactions contemplated hereby shall be deemed to be “Confidential Information”, entry into a customary joint defense agreement as such term is used in, and shall be treated in accordance with, the confidentiality agreement, dated as of April 26, 2021, between the Company and Parent (the “Confidentiality Agreement”) and, with respect to as applicable, the contractual termination or acceleration right contemplated by clause Clean Team Confidentiality Agreement, dated as of April 26, 2021, between the Company and Parent (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightthe “Clean Team Agreement”).
Appears in 2 contracts
Samples: Merger Agreement (Canadian National Railway Co), Merger Agreement (Kansas City Southern)
Access. At all times during (a) The Operator shall, to the period commencing extent possible under any Rights-of-Ways, provide each Owner and its designees reasonable access to the Transmission Facilities site to permit the Owners and their designees to inspect the construction, commissioning, operation and maintenance, capital upgrades and improvements to, repair and reconstruction of, and retirement and decommissioning of the Transmission Facilities, provided that (i) the Owners and their designees do not interfere with the execution construction, commissioning, operation and delivery maintenance, capital upgrades and improvements to, repair and reconstruction of, and retirement and decommissioning of the Transmission Facilities or any portion thereof or pose a safety hazard; (ii) the Owners and their designees comply with any requirements of any rights-of-ways, license, easement or other real property interest agreement applicable to the Transmission Facilities; and (iii) the Owners and their designees performing the inspection comply with the Operator’s or any other contractor’s safety and security rules, as more specifically set out in the Hxxxxxxxx Access Easement Agreement.
(b) Each Owner may, at its cost, at any time during normal business hours and with reasonable prior notice of not less than ten (10) Business Days, but not more often than once in any twelve (12) month period, inspect and audit the books and records of the Operator and any of its Affiliates and any Delegate (and the Operator shall secure such rights for the Owners from its Affiliates and any Delegate) involved in the provision of services pursuant to this Agreement (“Other Costs Records”), to the extent reasonably relating to the determination of the Other Costs for which the Owners are liable under this Agreement as shown on an invoice provided to the Owners pursuant to Section 5.08 within twelve (12) months prior to the date of the audit notice. The Operator shall, and shall cause any of its relevant Affiliates and any Delegate, to keep and maintain all such Other Costs Records to the extent reasonably relating to the determination of the Other Costs for which the Owners are liable under this Agreement and continuing until make such Other Costs Records available to the earlier Owners in accordance with the terms of this Agreement. If any audit discloses that, during such twelve (12)-month period, an overpayment or underpayment of Other Costs has been made by the Non-Operating Owner or the amount of any Other Costs allocated to occur the Owners on an invoice is incorrect, then such overpayment, underpayment or incorrect amount shall be resolved pursuant to Section 5.09. The Owner requesting the audit shall reimburse one hundred percent (100%) of all reasonable costs and expenses (including internal costs and expenses) incurred by or on behalf of the termination of this Agreement pursuant to Article IX Operator and the Closing, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare Affiliates and any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted Delegate in a manner that does not unreasonably and materially interfere complying with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) provisions of this Section 7.45.06(b), it must do so by providing Parent, provided that the Owner shall not be required to reimburse any such costs if the audit determines that the Owner has made more than Twenty-Five Thousand Dollars ($25,000) in reasonable detail, the nature overpayments of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access Other Costs or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents more than Twenty-Five Thousand Dollars ($25,000) in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect Other Costs have been incorrectly allocated to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightOwner.
Appears in 2 contracts
Samples: Joint Purchase and Sale Agreement (Idacorp Inc), Joint Ownership and Operating Agreement (Idacorp Inc)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records records, facilities and personnel and Representatives of the Company GroupCompany, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information, provided that the Company shall take all reasonable steps to permit inspection of or to disclose such information and to respond in a timely manner to all subsequent queries by Parent and its Representatives based on such information on a basis that does not compromise the Company’s attorney-client or other privilege with respect thereto; (c) access to a Contract in effect as of the date of this Agreement to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; or (d) such access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere interferes with the conduct of the business of the Company Group and its Subsidiaries or create creates a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Subject to applicable Law and the immediately preceding sentence, the Company will provide Parent with reports of the Company reasonably requested by Parent. Any access to the properties (including systems) of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreementherein, the Company may satisfy its obligations set forth above by electronic means if physical access is not reasonably feasible or would not be permitted under applicable Law. The terms and conditions Law as a result of the Confidentiality Agreement will apply to any information obtained by Parent COVID-19 or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.COVID-19
Appears in 2 contracts
Samples: Merger Agreement (Activision Blizzard, Inc.), Agreement and Plan of Merger
Access. At all times during (a) For purposes of furthering the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closingtransactions contemplated hereby, the Company will (and will cause its Subsidiaries to) shall use commercially reasonable efforts to afford Parent and its (i) the officers and employees and (ii) the accountants, consultants, legal counsel, financial advisors (including the employees, consultants and Representatives thereof), financing sources and agents and other representatives of Parent reasonable access during normal business hours, hours and upon reasonable advance noticeprior notice from Parent, throughout the period prior to the earlier of the Effective Time and the Termination Date, to the its and its Subsidiaries’ personnel and properties, offices and other facilitiescontracts, Contractscommitments, books and records and personnel of the Company Groupany report, except that the Company may restrict schedule or otherwise prohibit access to any documents other document filed or information received by it pursuant to the extent thatrequirements of applicable Laws and with such additional accounting, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or financing, operating, environmental and other data and information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between regarding the Company and its AffiliatesSubsidiaries, on as Parent may reasonably request for the one hand, and Parent and its Affiliates, on purpose of facilitating the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct consummation of the business of Financing and the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testingMerger. Notwithstanding anything to the contrary in this Agreementforegoing, the Company may satisfy its obligations set forth above by electronic means shall not be required to afford such access if physical access is not permitted under applicable Law. The terms and conditions it would unreasonably disrupt the operations of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in Subsidiaries, would cause a violation of any Contract to which the ordinary course Company or any of its Subsidiaries is a party, would cause a risk of a loss of privilege to the Company or any of its Subsidiaries or would constitute a violation of any applicable Law. Neither Parent nor any of its officers, employees or representatives, shall be permitted to perform any onsite procedures (including an onsite study) with respect to any property of the Company or any of the Company’s Subsidiaries without the Company’s prior written consent.
(b) The parties hereto hereby agree that all information provided to them or their ongoing business arrangements consistent with past practicerespective officers, including directors, employees or representatives in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to Agreement and the General Counsel consummation of the Companytransactions contemplated hereby shall be governed in accordance with the confidentiality agreement, or another person designated by the Company. In the event that dated as of July 11, 2012, between the Company objects to any request submitted pursuant to this Section 7.4 on and Parent (the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightConfidentiality Agreement”).
Appears in 2 contracts
Samples: Merger Agreement (McMoran Exploration Co /De/), Merger Agreement (Freeport McMoran Copper & Gold Inc)
Access. At all times during (a) From the period commencing with the execution and delivery of this Agreement and continuing date hereof until the earlier to occur of the Closing or termination of this Agreement pursuant to Article IX Agreement, upon reasonable notice, Seller shall, and the Closing, the Company will (and will shall cause its Subsidiaries to, furnish to the representatives of Buyer such additional financial and operating data and other material information regarding the Business (or copies thereof) afford Parent and its Representatives reasonable access as Buyer may from time to time reasonably request; provided, however, that any such furnishing of information shall be conducted during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to in such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent not to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct normal operations of the business Business; provided, further, that any requests by Buyer for such furnishing of the Company Group information shall be made in writing to Seller’s General Counsel (such requests not to be unreasonably withheld or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testingdelayed). Notwithstanding anything to the contrary in this Agreement, Seller shall not be required to disclose any information to Buyer if such disclosure would (i) jeopardize any attorney-client or other legal privilege, (ii) contravene any applicable Laws (including applicable Antitrust/Competition Laws), fiduciary duty or binding agreement entered into prior to the Company date hereof, (iii) disrupt or jeopardize any material customer or vendor relationship or (iv) include Tax information pertaining to Seller or its Affiliates that is not related to the Business.
(b) From and after the Closing Date, each Party shall, and Buyer shall cause the Business to, retain the books, records, documents, instruments, accounts, correspondence, writings, evidences of title and other papers relating to the Transferred Assets, Assumed Liabilities and the Business in such Party’s or its Affiliates’ possession (the “Books and Records”) for seven (7) years or for such longer period as may satisfy be required by Law.
(c) From and after the Closing Date, the Parties shall allow each other, and Buyer shall, and shall cause its obligations Affiliates to, allow Seller, its Affiliates and their respective representatives, reasonable access to the Books and Records and to personnel having knowledge of the whereabouts and/or contents of the Books and Records, during normal business hours for legitimate non-competitive business reasons, including all information required to calculate and verify the amounts set forth above in the preparation of Seller’s Tax Returns and to facilitate the investigation, litigation, defense and final disposition of any Proceedings that may have been or may be made against any Party or its Affiliates. Each Party shall be entitled to recover its out-of-pocket costs (including copying costs) incurred in providing such Books and Records to the other Party. All such information accessed by electronic means if physical access Seller, its Affiliates and their respective representatives shall be considered to be included in the definition of “Confidential Information” and governed by Section 6.14. Buyer shall cause its Affiliates to, hold in confidence all confidential information identified as such by, and obtained after the Closing from, the disclosing Party, any of its officers, agents, representatives or employees; provided, however, that information that (i) was in the public domain other than as a result of a breach of this Agreement; (ii) is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply required by law to be disclosed pursuant to any oral questions, interrogatories, requests for information obtained by Parent or other documents in legal proceedings, subpoena, civil investigative demand or any other similar process, pursuant to the applicable rules of any stock exchange or self regulatory organization on which Buyer or any of its Representatives in connection with any investigation conducted Affiliates lists securities, or pursuant to the access contemplated any applicable Law, or (iii) disclosed by this Section 7.4, other than any information that has been made, is or becomes available to Parent Buyer or any of its Representatives by or from the Company Affiliates that is reasonably necessary for Buyer or any of its Representatives Affiliates to exercise its rights or satisfy and perform its covenants and obligations under this Agreement or any of the Ancillary Agreements, in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation each case shall not be deemed to be confidential information. If Buyer or any of its consolidated financial statements Affiliates is requested or its public reporting obligations. All required by oral questions, interrogatories, requests for access information or other documents in legal proceedings, subpoena, civil investigative demand or any other similar process, pursuant to this Section 7.4 must the applicable rules of any stock exchange or self regulatory organization on which Buyer or any of its Affiliates lists securities or pursuant to any applicable Law, to disclose any confidential information, then Buyer shall provide Seller with prompt written notice of such request or requirement so that Seller may seek a protective order or other remedy in respect of such disclosure. If such a protective order or other remedy is not obtained by or is not available to Seller, then Buyer and its Affiliates shall use commercially reasonable efforts to ensure that only the minimum portion of such confidential information that is legally required to be directed disclosed is so disclosed, and Buyer and its Affiliates shall use commercially reasonable efforts to the General Counsel of the Company, or another person designated by the Companyobtain assurances that confidential treatment shall be given to such confidential information. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detailaddition, the nature of what is being prevented and/or withheld Parties agree that confidential information may only be used for the purpose for which it was supplied.
(d) Each Party agrees to consult in good faith and cooperate with the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent other Party and its Representativesrepresentatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions advisors and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objectionemployees, including by arrangement making its employees and advisors available to the other Party as reasonably requested, in the closing of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction the Seller Group’s books and other customary procedures, entry into a customary joint defense agreement and, records with respect to the contractual termination Business as of the Closing Date in accordance with Seller’s regular closing schedule and procedures.
(e) From the date hereof until the date which is 30 days from the date hereof (provided that Seller has complied with its obligations under this Section 6.4(e)), upon reasonable advance notice from the Buyer, Seller shall, and shall cause each of its Subsidiaries to, cooperate with Buyer and use commercially reasonable efforts to permit Buyer and its environmental consultant, at mutually agreed upon dates and times, to have reasonable nonexclusive access to the properties listed on Schedule 6.4(e) and to the extent of any such leased property, the portion of the property to which Seller or acceleration its Subsidiary has the right contemplated by clause to occupy or access (c) subject to the last sentence of this Section 7.46.4(e), obtaining “Phase I Properties”), for the limited purpose of undertaking, at Buyer’s sole cost and expense, ASTM E1527-05 Phase I Environmental Site Assessments and all other comparable environmental site assessments (together, subject to the last sentence of this Section 6.4(e), the “Phase I Assessments”), provided however, Buyer and its environmental consultant shall not unreasonably interfere with the operations of Seller and its Subsidiaries or undertake any invasive or destructive testing on the Phase I Properties and, provided further that Buyer agrees to provide, prior to Closing, copies of all reports prepared by Buyer’s environmental consultant on the Phase I Properties. Notwithstanding the list of Phase I Properties on Schedule 6.4(e), if after Seller’s commercially reasonable efforts, Buyer and its environmental consultant are not allowed reasonable access to any Leased Real Properties by any such Leased Real Properties’ lessors and are not able to complete Phase I Assessments for any of such Leased Real Properties, then such Leased Real Properties shall not be deemed to be Phase I Properties. Buyer and Seller shall reasonably cooperate with any environmental consultant engaged by Buyer in order to timely complete the Phase I Assessments. Notwithstanding anything herein to the contrary, in order to be included as a waiver Phase I Assessment, a Phase I Assessment must be completed within thirty (30) days of the date hereof (provided that Seller has complied with its obligations under this Section 6.4(e)) and any Phase I Property with respect to or consent any such Phase I Assessment that is not completed in such thirty (30) day period (provided that Seller has complied with its obligations under such contractual termination or acceleration rightthis Section 6.4(e)) shall no longer be deemed a Phase I Property.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Barnes Group Inc), Asset Purchase Agreement (MSC Industrial Direct Co Inc)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access (under Company supervision) during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosurethird Persons; or (e) such documents or information relate to the negotiation and execution of this Agreement, are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject ; or relate to, subject to Section 7.195.3, nothing an Acquisition Proposal. Nothing in this Section 7.4 6.8 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 6.8 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations6.8. All requests for access pursuant to this Section 7.4 6.8 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 2 contracts
Samples: Merger Agreement (Monotype Imaging Holdings Inc.), Merger Agreement (Nutraceutical International Corp)
Access. At all times during the period commencing with from the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (shall, and will shall cause each of its Subsidiaries to) , afford Parent Parent, Merger Sub, and its their respective Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices assets, books and other facilitiesrecords, Contracts, books and records facilities and personnel of the Company Group, except and its Subsidiaries; provided that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents held by the Company or information; its Subsidiaries and (c) access to a Contract to which the Company Group or any of its Subsidiaries is a party or is otherwise bound would violate or cause a default pursuant tounder, or give any Person a third party the right to terminate or accelerate the rights pursuant tounder, such Contract; (d) and provided further that no information or knowledge obtained by Parent in any investigation conducted pursuant to the access contemplated by this Section 6.9 shall affect or be deemed to modify any representation or warranty of the Company set forth in this Agreement or otherwise impair the rights and remedies available to Parent and Merger Sub hereunder. In the event that the Company does not provide access or information in reliance on the preceding sentence, it shall use its reasonable best efforts to communicate the applicable information to Parent in a way that would result in not violate any applicable Law, Contract or obligation or waive such a privilege. Any investigation conducted pursuant to the disclosure of any material trade secrets of Persons access contemplated by this Section 6.9 shall be conducted in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between does not unreasonably interfere with the conduct of the business of the Company and its AffiliatesSubsidiaries or create a risk of damage or destruction to any property or assets of the Company or any of its Subsidiaries. Any access to the properties of the Company or any of its Subsidiaries shall be subject to the terms and conditions of any applicable Lease and the Company’s reasonable security measures and insurance requirements. The terms and conditions of the Confidentiality Agreement shall apply to any information obtained by Parent, on Merger Sub or any of their respective Representatives pursuant to the one hand, and Parent and its Affiliates, on the other handaccess contemplated by this Section 6.9. Subject to Section 7.19, nothing Nothing in this Section 7.4 will 6.9 or elsewhere in this Agreement shall be construed to require the Company Group or Company, any of its Subsidiaries or any Representatives of any of the foregoing to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 2 contracts
Samples: Merger Agreement (Cohu Inc), Merger Agreement (Xcerra Corp)
Access. At all times during (a) During the period commencing with from the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and in accordance with its terms or the ClosingEffective Time, upon reasonable prior notice, the Company will shall (at Parent’s sole cost and will cause its Subsidiaries toexpense) (i) afford Parent and its Representatives that need to know such information, reasonable access in a manner that does not unreasonably interfere with the business of the Company and its Subsidiaries, during normal business hours, upon reasonable advance notice, to the Company’s and its Subsidiaries personnel, properties, offices and other facilities, Contracts, books and records and personnel (ii) furnish promptly to Parent all available information concerning its business as Parent may reasonably request, in the case of each of clause (i) and (ii), for the purpose of consummating the Transactions and Financing; provided, however, that the Company shall not be required to permit any inspection or provide other access, or to disclose any information, that in the reasonable judgment of the Company Group, except that would: (A) violate any obligation of the Company may restrict with respect to confidentiality or otherwise prohibit access to any documents or information to the extent that, privacy; (aB) any applicable Law or regulation requires jeopardize protections afforded the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any under the attorney-client privilege, the attorney work product doctrine or other similar legal privilege applicable to such documents or informationprotection; (cC) access to a Contract to which the Company Group is a party violate any Laws; or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (dD) access would result in the disclosure of (v) any material trade secrets of Persons in a manner that would result in the Company, any such trade secrets no longer being protected as such under applicable Law following such disclosure; Subsidiary of the Company or any third party, (ew) such competitively sensitive information, (x) information concerning the valuation of the Company or any of its Subsidiaries, (y) documents or information are that is reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand, or (z) personal information that would expose the Company to the risk of liability; provided, that in each case (other than in the case of (iv)(y)) the Company shall inform Parent of the nature of the information being withheld and shall use its commercially reasonable efforts, at Parent’s sole cost and expense, to make alternative arrangements that would allow Parent (or its applicable Representative) access to such information. Subject to Section 7.19, nothing Nothing in this Section 7.4 will 5.3 shall be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted Neither the Company nor any of its Subsidiaries (or any other person) makes, has made, or shall be deemed to have made, any representation or warranty relating to any information provided pursuant to the access contemplated by this Section 7.4 will be conducted 5.3.
(b) During the period from the date of this Agreement until the earlier of the termination of this Agreement in accordance with its terms or the Effective Time, upon reasonable prior notice, Parent shall (at Company’s sole cost and expense) (i) afford the Company and its Representatives that need to know such information, reasonable access in a manner that does not unreasonably and materially interfere with the conduct of the business of the Parent and its Subsidiaries, during normal business hours, to Parent’s and its Subsidiaries personnel, properties, Contracts, books and records and (ii) furnish promptly to the Company Group all available information concerning its business as the Company may reasonably request, in the case of each of clause (i) and (ii), for the purpose of consummating the Transactions; provided, however, that Parent shall not be required to permit any inspection or create a material risk provide other access, or to disclose any information, that in the reasonable judgment of damage Parent would: (A) violate any obligation of Parent with respect to confidentiality or destruction to privacy; (B) jeopardize protections afforded Parent under the attorney-client privilege, the attorney work product doctrine or similar legal privilege or protection; (C) violate any property applicable Laws; or assets (D) result in the disclosure of (v) any trade secrets of the Company, any Subsidiary of the Company Group. Any access to or any third party, (w) competitively sensitive information, (x) information concerning the properties valuation of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with Subsidiaries, (y) documents or information that is reasonably pertinent to any investigation conducted pursuant adverse Proceeding between the Parent and its Affiliates, on the one hand, and Company and its Affiliates, on the other hand, or (x) personal information that would expose Parent to the risk of liability; provided, that in each case (other than in the case of (iv)(y)) Parent shall inform the Company of the nature of the information being withheld, and shall use its commercially reasonable efforts, at Company’s sole cost and expense, to make alternative arrangements that would allow the Company (or its applicable Representatives) access contemplated by to such information. Nothing in this Section 7.45.3 shall be construed to require the Parent, other than any information that has been made, is or becomes available to Parent of its Subsidiaries or any of its their respective Representatives by to prepare any reports, analyses, appraisals, opinions or from other information. Neither the Company or Parent nor any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practiceSubsidiaries (or any other person) makes, including in connection with Parent’s preparation of its consolidated financial statements has made, or its public reporting obligations. All requests for access shall be deemed to have made, any representation or warranty relating to any information provided pursuant to this Section 7.4 must be directed 5.3.
(c) To the extent that any of the information or material furnished pursuant to this Agreement may include material subject to the General Counsel attorney-client privilege, work product doctrine or any other applicable privilege, the parties understand and agree that they have a commonality of interest with respect to such matters and it is their desire, intention and mutual understanding that the sharing of such material is not intended to, and shall not, waive or diminish in any way the confidentiality of such material or its continued protection under the attorney-client privilege, work product doctrine or any other applicable privilege. All such information that is entitled to protection under the attorney-client privilege, work product doctrine or any other applicable privilege shall remain entitled to such protection under these privileges, this Agreement, and under the joint defense doctrine.
(d) No exchange of information or investigation by Parent or its Representatives shall affect or be deemed to affect, modify or waive the representations and warranties of the Company, Company set forth in this Agreement. No exchange of information or another person designated investigation by the Company. In Company or its Representatives shall affect or be deemed to affect, modify or waive the event that representations and warranties of Parent set forth in this Agreement.
(e) Each of Parent and the Company objects hereby agree that all information provided to any request submitted it or its Representatives pursuant to this Section 7.4 on 5.3 shall be governed in accordance with the basis confidentiality agreement, dated as of one or more October 11, 2024, by and between the Company and Parent (the “Confidentiality Agreement”); provided, that the term of the matters set forth Confidentiality Agreement (other than Section 8 thereof, which shall terminate in clauses accordance with its terms) shall be hereby deemed amended to the later of (ai) to the second (e2nd) anniversary of the date of the Confidentiality Agreement and (ii) the date that is one year from the termination of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightAgreement.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Getty Images Holdings, Inc.), Merger Agreement (Shutterstock, Inc.)
Access. At all times (a) For purposes of furthering the Transactions, during the period commencing with from the execution and delivery date of this Agreement and continuing until the earlier to occur of Effective Time or, if earlier, the termination of this Agreement pursuant to Article IX and the Closingin accordance with its terms, the Company will shall (and will cause its Subsidiaries toi) afford Parent and its Representatives reasonable access during normal business hours, hours upon reasonable advance noticenotice to the Company, to the its and its Subsidiaries’ officers, employees, properties, offices and other facilitiescontracts, Contractscommitments, books and records and personnel any report, schedule or other document filed or received by it pursuant to the requirements of applicable Laws (other than information concerning the value of the Company Group, except that or relating to the Company may restrict or otherwise prohibit access process leading to the negotiation and execution of this Agreement and any communications relating to any documents Company Acquisition Proposal or information Company Competing Transaction) and (ii) use its reasonable best efforts to make available to Parent, during normal business hours and at the Company’s principal place of business or via telephone, the Company’s accountants, consultants, legal counsel, financial advisors and representatives, in each case to the extent that, (a) any applicable Law or regulation requires reasonably requested by Parent in order to discuss the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk affairs of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other handSubsidiaries. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this AgreementDuring such period, the Company may satisfy shall, and shall cause its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant Subsidiaries to, without limitation to the access contemplated by this Section 7.4preceding obligations, other than any information that has been made, is or becomes make available to Parent a copy of any written communication (and a summary of any material oral communication) received from the FDA or any similar Governmental Authority promptly after receipt of its Representatives such communication, shall provide Parent with a reasonable opportunity to review and comment on such filing or submission, and shall give reasonable consideration to all comments reasonably proposed by or from Parent. All access pursuant to this Section 6.3(a) shall be (i) conducted in such a manner as not to interfere unreasonably with the normal operations of the Company or any of its Subsidiaries and (ii) coordinated through the Chief Executive Officer of the Company or a designee thereof.
(b) Notwithstanding anything to the contrary contained in this Section 6.3, neither the Company nor its Subsidiaries nor their respective Representatives shall be required to provide any access, or make available any document, correspondence or information, if doing so would, in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel reasonable judgment of the Company’s outside legal counsel, (i) jeopardize the attorney-client privilege of the Company or any of its Subsidiaries or (ii) conflict with any (A) Law applicable to the Company or any of its Subsidiaries or the assets, or another person designated by operation of the Company. In the event that business, of the Company objects or any of its Subsidiaries or (B) Material Company Contract to which the Company or any request submitted pursuant to this Section 7.4 on of its Subsidiaries is party or by which any of their assets or properties are bound; provided, however, that in such instances the basis of one or more Company shall inform Parent of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the general nature of what is the information being prevented and/or withheld and the reasons thereforbasis for withholding and, and prior to preventing such access or withholding such information or documents from Parent and its Representativesupon Parent’s request, the Company shall reasonably cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access provide such information, in whole or disclosurein part, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove that would not result in any of the basis for outcomes described in the objectionforegoing clauses (i) and (ii), including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect using commercially reasonable efforts to seek consent from the contractual termination or acceleration right contemplated by clause applicable third party to any such Material Company Contract under which disclosure is prohibited.
(c) No investigation by Parent or its Representatives shall affect or be deemed to modify or waive the representations and warranties of the Company set forth in this Section 7.4Agreement.
(d) The Parties hereby agree that all information provided to them or their respective Representatives in connection with this Agreement and the consummation of the Transactions shall be governed in accordance with the Mutual Non-Disclosure Agreement, obtaining a waiver dated as of January 31, 2014, as amended on August 7, 2015, between the Company and Sun Pharmaceutical Industries Ltd. (the “Confidentiality Agreement”), which shall continue in full force and effect in accordance with respect to or consent under such contractual termination or acceleration rightits terms.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Insite Vision Inc), Merger Agreement (Insite Vision Inc)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier Subject to occur of the termination of this Agreement pursuant to Article IX and the Closingapplicable Law, upon reasonable notice, the Company will shall (and will shall cause its Subsidiaries to) afford Parent’s officers and other authorized Representatives of it and its Affiliates who are subject to confidentiality obligations no less restrictive than the confidentiality obligations set forth in the Confidentiality Agreement, reasonable access, during normal business hours throughout the period prior to the Effective Time, to its and its Subsidiaries’ employees, properties, books, contracts and records and instruct the appropriate employees of the Company and its Subsidiaries to cooperate reasonably with Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices officers and other facilitiesauthorized Representatives in connection with the foregoing (including for purposes of integration planning); and, Contractsduring such period, books the Company shall (and records shall cause its Subsidiaries to) furnish promptly to Parent all information concerning its business, properties and personnel as may reasonably be requested, provided that no investigation pursuant to this Section 7.5 shall affect or be deemed to modify any representation or warranty made by the Company herein, and provided, further, that the foregoing shall not require the Company (i) to permit any inspection, or to disclose any information, that in the reasonable judgment of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; third parties or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or violate any of its Representatives obligations with respect to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of confidentiality if the Company Group shall have used reasonable best efforts to obtain the consent of such third party to such inspection or create a material risk disclosure or (ii) to disclose any privileged information of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives Subsidiaries. Without limiting the generality of the foregoing, the Company shall reasonably cooperate and assist the Parent in its efforts to retain the ordinary course of their ongoing business arrangements consistent with past practiceCompany’s Financial Advisors following the Closing, including in connection to (a) coordinate in-person meetings with Parent’s preparation key Financial Advisors (except as would unreasonably interfere with the business of the Company or any of its consolidated financial statements Subsidiaries) and (b) provide Parent with reasonably prompt notice upon becoming aware that any Financial Advisor with 12 month trailing gross dealer concessions equal to or greater than $300,000, or any member of senior management of the Company or any of its public reporting obligationsSubsidiaries, resigns from his or her employment or terminates his or her relationship (or clearly indicates to a member of management of the Company an intention to resign or terminate its relationship), as the case may be, with the Company or any of its Subsidiaries. All requests for access information made pursuant to this Section 7.4 must 7.7 shall be directed to the General Counsel of the Company, executive officer or another person other Person designated by the Company. In All such information shall be governed by the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more terms of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightConfidentiality Agreement.
Appears in 1 contract
Samples: Merger Agreement (Ladenburg Thalmann Financial Services Inc.)
Access. At all times during (a) For purposes of furthering the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closingtransactions contemplated hereby, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives controlled Affiliates and its and their employees, accountants, consultants, legal counsel, financial advisors, financing sources and agents and other representatives reasonable access during normal business hours, hours upon reasonable advance noticenotice to the Company, throughout the period prior to the Effective Time, to the its and its Subsidiaries’ personnel, properties, offices and other facilitiescontracts, Contractscommitments, books and records and personnel any report, schedule or other document filed or received by it pursuant to the requirements of applicable Laws and, during such period, the Company Groupshall, except that the Company may restrict or otherwise prohibit access to any documents or information and shall cause its Subsidiaries to, without limitation to the extent thatpreceding obligations, make available to Parent and its controlled Affiliates, its and their employees and such representatives (i) a copy of each report, schedule, registration statement and other document filed or received by it during such period pursuant to the requirements of federal securities laws (other than reports or documents that such party is not permitted to disclose under applicable Law), (aii) a copy of all correspondence between such party or any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving its Subsidiaries and any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access party to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent with regard to any adverse Legal Proceeding action, consent, approval or waiver that is required to be taken or obtained with respect to such Contract in connection with the consummation of the Merger or the other transactions contemplated by this Agreement and (iii) all other information concerning its business, properties and personnel as Parent may reasonably request; provided, however, until the condition in Section 6.1(c) is satisfied, the Clean Team Confidentiality Agreement between the Company and its AffiliatesParent, on dated as of November 10, 2015 (the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any “Clean Team Confidentiality Agreement”) shall govern access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing“Highly Confidential Information” as defined therein. Notwithstanding anything to the contrary contained in this AgreementSection 5.2(a), any document, correspondence or information provided pursuant to this Section 5.2(a) may be redacted to remove references concerning the valuation of the Company may satisfy its obligations set forth above by electronic means if physical and the Merger or other similarly confidential information. All access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available 5.2(a) shall be (A) conducted in such a manner as not to Parent or any interfere unreasonably with the normal operations of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to Subsidiaries and (B) coordinated through the General Counsel of the CompanyCompany or a designee thereof.
(b) Notwithstanding anything to the contrary contained in this Section 5.2, no party to this Agreement nor any of its Subsidiaries shall be required to provide any access, or another person designated make available any document, correspondence or information, if doing so would, in such party’s and its outside legal counsel’s reasonable judgment, (i) jeopardize the attorney-client privilege of such party or any of its Subsidiaries or (ii) conflict with any (A) Law applicable to such party or any of its Subsidiaries or the assets, or operation of the business, of such party or any of its Subsidiaries or (B) Contract to which such party or any of its Subsidiaries is a party or by which any of their assets or properties are bound; provided, however, that in such instances such party shall inform the Company. In other party of the event general nature of the information being withheld and, upon the other party’s request, reasonably cooperate with the other party to provide such information, in whole or in part, in a manner that would not result in any of the outcomes described in the foregoing clauses (i) and (ii).
(c) No investigation by Parent or its representatives shall affect or be deemed to modify or waive the representations and warranties of the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses this Agreement.
(ad) The parties hereto hereby agree that all information provided to (e) of them or their respective officers, directors, employees or representatives in connection with this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld Agreement and the reasons thereforconsummation of the transactions contemplated hereby shall be governed in accordance with the confidentiality agreement, and prior to preventing such access or withholding such information or documents from Parent and its Representativesdated as of October 20, 2015, between the Company and Parent (the “Confidentiality Agreement”), which shall cooperate continue in full force and effect in accordance with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access its terms and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightClean Team Confidentiality Agreement.
Appears in 1 contract
Samples: Merger Agreement (Airgas Inc)
Access. At all times during (a) During the period commencing with Interim Period, provided that the execution and delivery Purchaser is not in breach of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingAgreement, the Company will (and will cause its Subsidiaries to) afford Parent Seller shall provide the Purchaser and its Affiliates and Representatives with reasonable access access, upon reasonable prior written notice and during normal business hours, upon reasonable advance notice, to the properties, offices Books and other facilities, Contracts, books Records and records and personnel of the Company Group’s assets and properties as the Purchaser may from time to time reasonably request in writing, except that the Company may restrict or otherwise prohibit access to any documents or information in each case, only to the extent thatthat such access (i) will not unreasonably interfere with the Business or any health, (a) any applicable Law safety or regulation requires security rules, regulations, requirements or instructions of the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilegeSeller, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of their respective Affiliates, (ii) is reasonably related to the Purchaser’s obligations and rights under this Agreement and (iii) would not violate any Law; provided, however, that (A) the Seller shall be entitled to have its Representatives to prepare present for any reports, analyses, appraisals, opinions communication with or other information. Any investigation conducted pursuant access to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably Books and materially interfere Records, the Available Employees and the Company Group’s assets and properties, (B) the Purchaser shall, and shall cause its Affiliates and Representatives to, observe and fully comply with the conduct all health, safety and security rules, regulations, requirements and instructions of the business members of the Company Group and their respective Affiliates, as applicable and (C) the Purchaser or create a material risk of damage its Affiliates or destruction Representatives may conduct an on-site environmental assessment, compliance evaluation or investigation with respect to any property the Business or assets of the Company Group’s assets or properties following reasonable consultation with the Seller with respect to any such activity, which shall be conducted in accordance with all health, safety and security requirements of the Seller. Any access In no event shall the Purchaser or any of its Affiliates or Representatives conduct any subsurface investigation or other form of sampling or testing of any environmental media with respect to the properties of Business or the Company Group will be subject to the CompanyGroup’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. assets or properties.
(b) Notwithstanding anything to the contrary in this Agreement, neither the Purchaser nor any of its Affiliates or Representatives shall have any right of access to, and none of the Seller, the Company may satisfy Group, the Available Employees, nor any of their respective Affiliates or Representatives, shall have any obligation to provide, any information relating to the sale or divestiture process conducted by the Seller or its obligations set forth above by electronic means if physical access is not permitted under applicable Affiliates for the Company Group vis à vis any Person other than the Purchaser and its Affiliates or the Seller’s or its Affiliates’ (or their respective Representatives’) evaluation of the business of the Company Group in connection therewith, including, in each case, any projections, financial and other information related thereto; any information that constitutes or contains any trade secrets, proprietary information, know how or inventions; or any information, the disclosure of which could or would jeopardize any privilege (including attorney-client or work product privilege), as determined in the Seller’s sole discretion, cause the Seller, any member of the Company Group or any of their respective Affiliates to breach any fiduciary duty, confidentiality obligation or Contract or result in a violation of Law. The terms and conditions Neither the Purchaser nor any of its Affiliates or Representatives shall contact or hold discussions with any suppliers, vendors, distributors, customers, joint venture partners, sales team members or other employees of the Confidentiality Agreement will apply to any information obtained by Parent Seller or any of its Affiliates (including any member of the Company Group) without the prior written consent of the Seller (which consent may be provided, conditioned, delayed or withheld in the Seller’s sole discretion, including by conditioning any such consent on the participation by one or more Representatives of the Seller or its Affiliates, designated in connection with advance by the Seller, in any investigation conducted pursuant to the access contemplated by such discussions). In exercising its rights under this Section 7.46.03, other than any information that has been made, is the Purchaser and its Affiliates and Representatives shall not unreasonably interfere with the conduct of the Business or becomes available to Parent the business of the Seller or any of its Representatives by Affiliates.
(c) If, at any time, the Seller believes that any Affiliate or from Representative of the Purchaser has not complied with the policies and procedures in this Section 6.03, then the Seller may immediately terminate such Person’s access. The Purchaser releases, and shall indemnify and hold harmless, the Seller, the Company and their respective Affiliates from and against all damages that arise out of or result from any of the Purchaser’s and its Representatives’ site visits and access to any property of the Company Group, except to the extent arising from or relating to the gross negligence or willful misconduct of the Company Group.
(d) The Purchaser and each of the Purchaser’s Affiliates or Representatives exercising the rights of access set forth in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed 6.03 shall carry commercial general liability insurance (on an occurrence basis) insuring all activity and conduct of the Purchaser and the Purchaser’s Affiliates and Representatives while exercising rights of access set forth in this Section 6.03 and naming the Seller and each member of the Company Group as additional insureds. The Purchaser hereby represents and warrants that it carries commercial general liability insurance with contractual liability endorsement which insures the Purchaser’s indemnity obligations under this Section 6.03. At the Seller’s request, the Purchaser will provide or cause the Purchaser’s Representatives to provide the Seller with written evidence, satisfactory to the General Counsel Company, of the insurance required under this Section 6.03.
(e) Until the Closing, the Company shall, and shall use its commercially reasonable efforts to: (i) cause the Company’s Representatives responsible for operations and engineering, construction and finance to meet with Representatives of the Purchaser (in person or by teleconference) no less than weekly, on a Business Day and during the business hours of 9:00 a.m. to 5:00 p.m. (local time) to discuss the Company Group’s then-current results of operations, status of construction for the Kings Landing Gas Gathering and Processing Development, liability or breach of contract claims, payables and other outstanding obligations and other relevant matters as reasonably requested by the Purchaser; (ii) provide reasonable notice to the Purchaser of all construction meetings relating to the Kings Landing Gas Gathering and Processing Development and provide for the Purchaser to attend and observe such meetings; and (iii) coordinate and provide reasonable notice to the Purchaser of in-person meetings with Representatives of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more Purchaser and each of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightMaterial Producers.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (Kinetik Holdings Inc.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closing, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives the Purchaser reasonable access access, consistent with applicable Law, during normal business hours, upon reasonable advance noticenotice provided in writing to the General Counsel of the Company, or another Person designated in writing by the Company, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, : (a) any applicable Law or regulation Contract requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) such disclosure relates to interactions with other prospective buyers or transaction partners of the Company or the negotiation of this Agreement and the transactions contemplated hereby, or information relating to the analysis, valuation or consideration of the Transactions or the transactions contemplated hereby, in each case, subject to Section 5.3, which shall not be limited by this Section 6.8(c); (d) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (de) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosurethird Persons; or (ef) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent the Purchaser and its Affiliates, on the other hand; provided that the Company shall use reasonable best efforts to provide such documents or information in a manner that does not violate or cause a default pursuant to, or give a third Person the right to terminate or accelerate the rights pursuant to, any Contract or cause such documents or information to cease to benefit from legal privilege, including by redacting or obtaining consent in connection therewith. Subject to Section 7.19, nothing Nothing in this Section 7.4 6.8 will be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions appraisals or other informationopinions. Any investigation conducted pursuant to the access contemplated by this Section 7.4 6.8 will be conducted in a manner that (i) does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or otherwise result in any significant interference with the prompt and timely discharge by officers, employees and other authorized Representatives of the Company or any of its Subsidiaries of their normal duties or (ii) create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything or subsurface testing or any sampling, monitoring or analysis of soil, groundwater, building materials, indoor air, or other environmental media of the sort generally referred to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawas a “Phase II” environmental investigation. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent the Purchaser or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.46.8; provided that, other than notwithstanding any information that has been madeprovision to the contrary in the Confidentiality Agreement, is or becomes available to Parent or the Purchaser and any of its Representatives by or from shall be permitted to disclose to the Other Purchasers and their respective Representatives any information of the Company and discuss with the Other Purchasers and their respective Representatives any information of the Company, in each case, including in connection with the Transactions or any of other Acquisition Proposal, except that the Purchaser or its Representatives shall not disclose to the Other Purchasers or their respective Representatives any Company information that is competitively sensitive and is designated in writing by the Company to be for such Purchaser’s access only (or that otherwise directly relates only to commercial matters or arrangements of the Company in the ordinary course of their ongoing business arrangements consistent with past practice(and not the Transaction or any Acquisition Proposal) and, including in connection with Parent’s preparation of its consolidated financial statements notwithstanding the foregoing, would otherwise be prohibited to be disclosed by the Purchaser or its public reporting obligationsapplicable Affiliates pursuant to another confidentiality agreement between the Purchaser or its Affiliates and the Company or its Affiliates). All requests for access pursuant to this Section 7.4 6.8 must be directed to the General Counsel of the Company, or another person designated in writing by the Company. In Notwithstanding any provision to the event that contrary in the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detailConfidentiality Agreement, the nature of what is being prevented and/or withheld and Confidentiality Agreement shall automatically terminate at the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightClosing.
Appears in 1 contract
Samples: Series B Convertible Preferred Stock Purchase Agreement (Comscore, Inc.)
Access. At all times during Commencing on the period commencing with Closing Date and ending on the execution and delivery of this Agreement and continuing until date that is the earlier to occur sixth (6th) anniversary of the termination Closing Date, in connection with any reasonable business purpose, including the preparation of this Agreement pursuant financial statements, pursuit or defense of claims or litigation, U.S. Securities and Exchange Commission or bank regulatory reporting obligations, or the determination of any matter relating to Article IX the rights or obligations of Seller or any of its Affiliates under any Transaction Agreement, upon reasonable prior notice, and except as determined in good faith to be necessary to (a) ensure compliance with any applicable Law, (b) preserve any applicable privilege (including the Closingattorney-client privilege) or (c) comply with any contractual confidentiality obligations, the Company will (Buyer shall, and will shall cause each of its Subsidiaries to) Affiliates, and their respective Representatives to afford Parent and Seller, its Representatives and their respective Affiliates reasonable access access, during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records of Buyer and personnel its Affiliates in respect of the Company Group, except that the Company may restrict or otherwise prohibit access Business (and permit copies of such materials to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group made for Seller or any of its Affiliates solely for use in connection with the reasonable business purposes described in this paragraph), (B) furnish to Seller, its Representatives and their respective Affiliates such additional financial and other information regarding the Business as Seller or its Representatives may from time to prepare time reasonably request and (C) make available to Seller, its Representatives and their respective Affiliates those employees of Buyer or its Affiliates whose assistance, expertise, testimony, notes or recollections or presence may be necessary to assist Seller, its Representatives or their respective Affiliates in connection with its inquiries for any reportspurpose referred to above, analysesincluding the presence of such persons as witnesses in hearings or trials for such purposes; provided, appraisalshowever, opinions or other information. Any that such investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does shall not unreasonably and materially interfere with the conduct business or operations of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent Buyer or any of its Representatives in connection with Affiliates; and provided, further, that the auditors and accountants of Buyer or its Affiliates shall not be obligated to make any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes work papers available to Parent or any of its Representatives by or from the Company or any of its Representatives Person except in the ordinary course of their ongoing business arrangements consistent accordance with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant such auditors’ and accountants’ normal disclosure procedures and then only after such Person has signed a customary agreement relating to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access to work papers in form and substance reasonably acceptable to such auditors or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightaccountants.
Appears in 1 contract
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (shall, and will shall cause its Subsidiaries to) , subject to restrictions or limitations as a result of COVID-19 or any COVID-19 Measures, afford Parent and its Representatives reasonable access access, consistent with applicable Law, during normal business hours, upon reasonable advance noticerequest, to the properties, offices books, records, personnel and other facilities, Contracts, books and records and personnel information of the Company Groupand its Subsidiaries, solely for purposes of furthering the Transactions or integration or transition planning relating thereto, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation Contract requires the Company Group to restrict or otherwise prohibit access to such documents or informationinformation or providing access to such documents or information would violate or cause a default pursuant to, or give a third Person the right terminate or accelerate the rights pursuant to, such Contract; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other legal privilege applicable to such documents or information; or (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other handhand (provided, that this clause (c) shall not limit any Party’s rights to discovery). Subject In the event that the Company objects to Section 7.19, nothing any request submitted pursuant to and in accordance with this Section 7.4 will be construed to require 6.6 and withholds information on the basis of clauses (a), (b) or (c) of the preceding sentence, the Company Group or shall promptly inform Parent as to the general nature of what is being withheld and the Company and Parent shall use their respective commercially reasonable efforts to make appropriate substitute arrangements to permit reasonable disclosure as promptly as reasonably practicable that does not suffer from any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationthe foregoing impediments. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.6 shall be conducted in a manner that does not (i) unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or otherwise result in any significant interference with the prompt and timely discharge by officers, employees and other authorized Representatives of the Company or any of its Subsidiaries of their normal duties or (ii) create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or subsurface testing or any sampling, monitoring or analysis of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4soil, other than any information that has been madegroundwater, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practicebuilding materials, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Companyindoor air, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightenvironmental media.
Appears in 1 contract
Samples: Merger Agreement (Poshmark, Inc.)
Access. At all times during From and after the period commencing with the execution and delivery date of this Agreement and continuing until the earlier to occur of the Closing and the termination of this Agreement pursuant to Article IX IX, Seller shall, and the Closing, the Company will (and will shall cause its Subsidiaries subsidiaries to) afford Parent , give Purchaser and its Representatives reasonable access access, during normal business hours, upon reasonable advance noticewritten notice and solely for purposes of integration planning and consummating the Transactions, to the personnel, properties, offices books, contracts and other facilitiesRecords relating to the Company Group or the Business; provided, Contracts, books that Purchaser and records its Representatives (a) comply with all applicable Laws and personnel all applicable policies and reasonable requirements of the Company Group(including such policies and requirements relating to environmental, except health, safety and security matters) and (b) shall not contact or otherwise communicate with the customers or suppliers of the Company Group or the Business, unless 34 approved in writing in advance by Seller; provided, further, that Seller or the Company may restrict or otherwise prohibit such access to any documents or information to the extent that, as determined in the reasonable discretion of Seller or the Company, such access (ai) would unreasonably disrupt the normal operations of the Selling Entities, the Company or the Business, (ii) would violate or result in a waiver of any attorney- client privilege of the Selling Entities or the Company, (iii) would violate any applicable Law (including merger control and competition Laws and data privacy and protection Laws applicable to employee personal information), (iv) would breach any duty of confidentiality or regulation requires other similar obligation owed to any Person or (v) would reasonably be expected to jeopardize the health and safety of any employee in light of COVID-19 or any Pandemic Measures; provided, further, that if any such access is so restricted, to the extent reasonably practicable and permitted by Law, Seller shall notify Purchaser of the restriction, the rationale for the restriction and the general nature of the access or information being restricted and Seller and the Company Group shall use reasonable efforts to restrict or otherwise prohibit provide such access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would not result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; of the outcomes described in the foregoing clauses (i), (ii), (iii), (iv) or (e) such documents or information are reasonably pertinent to v). Such rights of access explicitly exclude any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group Phase II environmental investigations or any other invasive or environmental analysis, testing or sampling, including any such analysis, testing or sampling of its Representatives to prepare any reportssoil, analysessurface water, appraisalsair, opinions groundwater or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group environmental media, or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligationsbuilding materials. All requests for access pursuant to this Section 7.4 5.01 must be directed to the General Counsel of the Company, Seller or another person such other Person designated by the CompanyCompany in writing. In the event that When exercising its rights under this Section 5.01, Purchaser shall, and shall cause its Representatives to, use commercially reasonable efforts to minimize disruption to the Company objects and the Business. For the avoidance of doubt, any information provided to any request submitted or obtained by Purchaser by exercising its rights pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) 5.01 will be subject to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right6.01.
Appears in 1 contract
Samples: Stock and Asset Purchase Agreement (John Bean Technologies CORP)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until Until the earlier to occur of the termination of this Agreement pursuant to Article IX VII and the Closing, the Effective Time:
(a) The Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives reasonable access during normal business hours, upon reasonable advance noticeprior notice provided to the Company’s Chief Executive Officer and Chief Financial Officer, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupas Parent may reasonably request; provided, except however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (aA) any applicable Law law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (bB) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; , or (cC) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant tounder, or give any Person a third party the right to terminate or accelerate the rights pursuant tounder, such Contract; (d) access would result provided that, the Company and Parent shall cooperate in the disclosure of good faith to design and implement alternative procedures to enable Parent to evaluate any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent without causing a violation, loss of privilege, breach or default thereunder or giving any third party a right to any adverse Legal Proceeding between terminate or accelerate the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationrights thereunder). Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 5.8(a)(i) shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor any of its Subsidiaries. Any access to the Company’s properties of the Company Group will shall be subject to the Company’s reasonable security measures and insurance requirements and will shall not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives financial advisors, business consultants, legal counsel, accountants and other agents and representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than 5.8(a)(i). No investigation pursuant to this Section 5.8(a)(i) shall affect any information that has been made, is representation or becomes available to Parent warranty in this Agreement of any party hereto or any condition to the obligations of the parties hereto.
(b) The Company shall, and shall cause each of its Representatives Subsidiaries to, furnish to Parent, to the extent prepared by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practicebusiness, including in connection with Parent’s preparation as soon as practicable after the end of its consolidated each month, a copy of the monthly internally prepared financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis including statements of one or more financial condition, results of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons thereforoperations, and prior to preventing such access or withholding such statements of cash flow, and all other information or documents from concerning its business, properties and personnel as Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightmay reasonably request.
Appears in 1 contract
Access. At all times during (a) For the period commencing with sole purpose of furthering the execution Transactions and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closingintegration planning related thereto, the Company will (and will cause its Subsidiaries to) shall upon reasonable advance notice, afford Parent and its Representatives (at Parent’s and its Representatives’ sole cost and expense) reasonable access during normal business hours, upon reasonable advance notice, throughout the period prior to the propertiesEffective Time, offices and other facilities, Contracts, books and records and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk any of damage or destruction its Subsidiaries, to personnel, properties, Contracts, books and records (other than any property or assets of the Company Group. Any access foregoing that relate to the properties negotiation and execution of this Agreement, the Company Group will be process that led to the negotiation and execution of this Agreement or, subject to the disclosure requirements of Section 5.5, any Company Takeover Proposal), and, during such period, the Company shall, and shall cause its Subsidiaries to, without limitation to the preceding obligations, make available to Parent subject to the same terms and conditions all other information concerning its business, properties and personnel as Parent may reasonably request; provided, however, that the Company will be permitted to redact any information or documentation provided to the extent that such information or documentation includes competitively sensitive information; and, provided, further, that the Company may restrict the foregoing access to those Persons who have entered into or are bound by a confidentiality agreement with it. Notwithstanding the foregoing, the Company shall not be required to provide access to or make available to any Person any document or information that, in the reasonable judgment of the Company’s reasonable security measures and insurance requirements and will not include , (i) would violate any of its obligations with respect to any applicable Law or Order, (ii) would violate any of its material obligations with respect to confidentiality or the right terms of any Contract or (iii) is subject to perform invasive testingany attorney-client or work-product privilege. All requests for access or information made pursuant to this Section 5.2(a) shall be directed to an executive officer or other Person designated by the Company. Notwithstanding anything to the contrary in this Agreementherein, the Company may satisfy its obligations set forth above by electronic means if physical access is not reasonably feasible or would not be permitted under the applicable Law. The terms and conditions Law (including as a result of COVID-19 or any COVID-19 Measures).
(b) In conducting any inspection of any properties of the Confidentiality Agreement will apply Company and its Subsidiaries, Parent and its Representatives shall not damage any property or any portion thereof. Prior to the Effective Time, Parent and its Representatives shall not have the right to conduct environmental testing or sampling at any information obtained of the facilities or properties of the Company or any of its Subsidiaries.
(c) No investigation by Parent or its Representatives shall affect or be deemed to modify or waive the representations and warranties of the Company set forth in this Agreement. No rights under this Section 5.2 can be exercised by Parent or any of its Representatives to prepare for, or otherwise in connection with, any Action relating to this Agreement.
(d) The Parties hereto hereby agree that all information provided to them or their respective Representatives in connection with any investigation conducted pursuant to this Agreement and the access contemplated by this Section 7.4consummation of the Transactions shall be governed in accordance with the confidentiality agreement, other than any information that has been madedated December 30, is or becomes available to Parent or any of its Representatives by or from 2021 (the “Confidentiality Agreement”), between the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with and Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 1 contract
Access. At all times during Between the period commencing with the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingClosing Date, the Company will shall, and shall cause RAM, RT and each other member of the Company Group and their respective officers and employees to, (and will cause its Subsidiaries toi) afford Parent give Buyer and its Representatives reasonable access respective officers, employees, accountants, counsel, financing sources and other agents and representatives full access, during normal business hours, upon reasonable advance noticeto all buildings, to the offices, properties, offices plants and other facilitiesfacilities and to all contracts, Contractsinternal reports, books data processing files and records, Federal, state, local and foreign tax returns and records, commitments, books, records and personnel affairs of the Company Group, except that whether located on the premises of the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or informationat another location; (bii) access furnish promptly to such documents Buyer a copy of each report, schedule, registration statement and other document filed or information would give rise to a material risk of waiving received by any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business member of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access during such period pursuant to the requirements of Federal securities laws or regulations; (iii) permit Buyer to make such inspections as it may reasonably require; (iv) cause its officers and employees and the other Company Group officers and employees to furnish Buyer such financial, operating, technical and product data and other information with respect to the business and properties of the Company Group will be subject as Buyer from time to time may reasonably request, including -35- 40 without limitation financial statements and schedules; (v) allow Buyer the Company’s reasonable security measures opportunity to interview such employees and insurance requirements other personnel and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, Affiliates of the Company Group as they may satisfy reasonably request; and (vi) cooperate with Buyer and its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms Affiliates and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives representatives in arranging for an orderly transition in connection with any the transfer of control of the Company; provided, however, that no investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must 7.1 shall affect or be directed deemed to the General Counsel of the Company, modify any representation or another person designated warranty made by the CompanyCompany herein. In the event that the Company objects Materials furnished to any request submitted Buyer pursuant to this Section 7.4 on 7.1 may be used by Buyer for strategic and integration planning purposes relating to accomplishing the basis of one transactions contemplated hereby. Prior to the Closing, any information provided to Buyer or more its representatives pursuant to this Agreement shall be held by Buyer and its representatives in confidence in accordance with and subject to the terms of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightBuyer Confidentiality Agreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Charter Communications Holdings Capital Corp)
Access. At (a) During the period commencing on the date hereof and ending on the Termination Date, the Company shall afford, provide and furnish, and shall cause its Subsidiaries and the Representatives of the Company and its Subsidiaries to afford, provide and furnish to Enron and each Designated Transferee, if any, and their Representatives:
(i) during normal business hours and upon reasonable advance notice, reasonable access to the Representatives, properties, plants and other facilities and to all times during books and records of the Company and each of its Subsidiaries;
(ii) all financial, operating and other data and information regarding the Company and its Subsidiaries as the Security Holders and their Representatives may reasonably request; and
(iii) the opportunity to discuss the affairs, finances, operations and accounts of the Company and its Subsidiaries with the Company's officers on a periodic basis; provided, however, that the Company shall not be required to furnish or to cause to be furnished any data or information or access to any data or information (i) regarding the gas or electric power trading or marketing operations of the Company and its Subsidiaries or (ii) to the extent that the furnishing of any other data or information or the provision of access to such data or information would violate applicable laws and regulations. Notwithstanding the foregoing, the Company shall have the right to require that Enron and the Designated Transferees coordinate their access to the Company pursuant to this Section 2.7 (including by way of example and not limitation, requiring that Representatives of Enron and all of the Designated Transferees conduct visits to the Company's premises as a group or requiring that Enron and the Designated Transferees collectively submit requests for information) to keep the burdens on the Company to a minimum.
(b) Enron and each of the Designated Transferees, if any, agrees that:
(i) the non-public business information furnished to it or its Representatives pursuant to subsection (a) of this Section is by its nature confidential (the "Confidential Information") and that it shall not disclose, and shall cause Representatives not to disclose, for the period commencing with the execution and delivery furnishing of this Agreement and continuing such information until the earlier to occur first anniversary of the termination of this Agreement pursuant to Article IX and the ClosingTermination Date, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access such Confidential Information to any documents or information to Third Party without the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel prior written consent of the Company, except that such Person may disclose such Confidential Information (A) to Representatives and financial advisors and to entities that are potential sources of debt financing or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 equity for such Person (which Representatives and financial advisors shall keep such Confidential Information confidential on the basis of one same terms and conditions as are applicable to Enron or more of the matters set forth in clauses Designated Transferee that disclosed such Confidential Information) and (aB) to (e) of this Section 7.4the extent compelled by judicial process, it must do so required by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld applicable Laws and the reasons therefor, and prior to preventing such access Regulations or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement any Governmental Authority ; and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 1 contract
Samples: Securityholders and Registration Rights Agreement (Northwest Natural Gas Co)
Access. At all times during During the period commencing with on the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries, except in each case for the purpose of transition and integration planning and reviewing the performance and operations of the business, the Company and its Subsidiaries during such period (and not for the purpose of any actual or potential adverse action or dispute between the parties or their Affiliates); provided, however, that (a) the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation (including any COVID-19 Measures) requires the Company Group or any of its Subsidiaries to restrict or otherwise prohibit access to such documents or information; , (bii) granting such access would violate any obligations of the Company or any of its Subsidiaries with respect to confidentiality to any third party or otherwise breach, contravene or violate, constitute a default under, or give a third party the right to terminate or accelerate an obligation under, any then effective Contract to which the Company or any of its Subsidiaries is a party, (iii) access to such documents or information would give rise reasonably be expected to result in a material risk waiver of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; information or (eiv) such documents or information are reasonably pertinent relate to any adverse Legal Proceeding between the evaluation or negotiation of this Agreement, the transactions contemplated hereby or, subject to Section 5.2, an Acquisition Proposal or Superior Proposal, and (b) in each case, such access may be limited to the extent the Company reasonably determines, in light of COVID-19 or any COVID-19 Measures, that such access would jeopardize the health and safety of any employee of the Company. In the event that the Company does not provide access or information in reliance on (x) clauses (a)(i), (a)(ii) or (a)(iii) of the preceding sentence, it shall use its Affiliatesreasonable best efforts to communicate the applicable information to Parent in a way that would not violate any applicable Law, on the one handContract or obligation or waive such a privilege, and (y) clause (b) of the preceding sentence, it shall use its reasonable best efforts to communicate the applicable information to Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require a way that the Company Group or reasonably determines would not would jeopardize the health and safety of any employee of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationthe Company. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.6 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or any of its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties or any of the Company Group will its Subsidiaries, shall be subject to the Company’s reasonable security measures and insurance requirements requirements, and will shall not include the right to perform invasive testing. Notwithstanding anything to testing without the contrary Company’s prior written consent, in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawsole discretion. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available 6.6. Nothing in this Section 6.6 shall be construed to Parent or any of its Representatives by or from require the Company or any Representatives of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel any of the Companyforegoing to prepare any reports, analyses, appraisals, opinions or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightinformation.
Appears in 1 contract
Samples: Merger Agreement (Cerevel Therapeutics Holdings, Inc.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Group, except and its Subsidiaries (and the Company’s outside accountant); provided that the Company may restrict or otherwise prohibit access to any documents or information (i) to the extent that, (a) that any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (bii) to the extent that access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; , or (ciii) pursuant to mutually agreed “clean team” procedures established by the parties, to the extent that access to a Contract to which the Company Group is a party such documents or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons information could potentially be used by Parent in a manner that would result materially alter the competitive dynamic between Company and Parent if the Merger were not consummated; provided, further, that no information or knowledge obtained by Parent in any such trade secrets no longer being protected as such under applicable Law following such disclosure; investigation conducted pursuant to the access contemplated by this Section 6.8 shall affect or (e) such documents be deemed to modify any representation or warranty of the Company set forth in this Agreement or otherwise impair the rights and remedies available to Parent and Acquisition Sub hereunder. In the event that the Company does not provide access or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, in reliance on the one handpreceding sentence, and it shall use its reasonable best efforts to communicate the applicable information to Parent and its Affiliatesin a way that would not violate Table of Contents the applicable Law, on Contract or obligation or to waive such a privilege, including, to the other hand. Subject extent practicable, by providing such information in redacted form as necessary to Section 7.19preserve such a privilege or comply with such Law or otherwise make appropriate substitute disclosure arrangements, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationextent possible. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.8 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor any of its Subsidiaries. Any access to the properties of the Company Group will or any of its Subsidiaries shall be subject to the terms and conditions of any applicable Lease and the Company’s reasonable security measures and insurance requirements and will shall not include the right to perform invasive Phase 1 or Phase 2 environmental assessments or other invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the confidentiality letter agreement dated May 8, 2017 between the Company and Parent (the “Confidentiality Agreement will Agreement”), shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.46.8. Nothing in this Section 6.8 or elsewhere in this Agreement shall be construed to require the Company, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company Subsidiaries or any Representatives of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel any of the Companyforegoing to prepare any reports, analyses, appraisals, opinions or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightinformation.
Appears in 1 contract
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article ARTICLE IX and the ClosingEffective Time, upon reasonable prior notice and subject to applicable Law, the Company will (shall, and will shall cause its Subsidiaries to) , afford Parent and its authorized Representatives (which include the Financing Sources) reasonable access during normal business hours, upon reasonable advance notice, hours and without undue disruption of normal business activity during the period prior to the Effective Time to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany; provided, except however, that the Company may restrict or otherwise prohibit access to (i) any documents or information to the extent that, (a) that any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (bii) access to such any documents or information that, in the reasonable judgment of the Company, would give rise to a material risk result in the loss of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; , (ciii) access to any information that would result in a breach of a Contract to which the Company Group or its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant tounder, or give any Person a third party the right to terminate or accelerate the rights pursuant tounder, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; , or (eiv) such documents or any information are that is reasonably pertinent to any adverse Legal Proceeding between litigation in which the Company and or its AffiliatesSubsidiaries, on the one hand, and Parent and or any of its Affiliates, on the other hand. Subject , are adverse parties; provided further that, in each case of clauses (i), (ii) and (iii) above, the Company will use commercially reasonable efforts to Section 7.19seek any required consent or implement appropriate procedures to enable the disclosure of such information (including, nothing if applicable, in a manner that does not jeopardize any attorney-client privilege); and provided further, that no information or knowledge obtained by Parent in any investigation conducted pursuant to the access contemplated by this Section 5.4 shall affect or be deemed to modify any representation or warranty of the Company set forth in this Section 7.4 will be construed Agreement or otherwise impair the rights and remedies available to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationParent and Merger Sub hereunder. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will Section 5.4 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Without limiting the generality of the foregoing, Parent shall schedule and coordinate all inspections with the Company’s Chief Financial Officer (or such other Person as may be designated by the Company’s Chief Financial Officer) and shall give the Company reasonable prior written notice thereof, setting forth the inspection or materials that Parent or its Representatives intend to conduct or review, as applicable. Any access to the Company’s properties of the Company Group will shall be subject to any landlord rights and the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawrequirements. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightSection 5.4.
Appears in 1 contract
Samples: Merger Agreement (Attunity LTD)
Access. At all times (a) The Company shall, and shall cause its Subsidiaries and their respective Representatives to, afford to Parent and its Representatives, solely for the purposes of furthering the transactions contemplated hereby, reasonable access, during normal business hours upon reasonable advance notice to the Company, throughout the period commencing with from the execution and delivery of this Agreement and continuing date hereof until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingEffective Time to its and its Subsidiaries’ personnel and Representatives, properties (including the Company will Real Property for purposes of conducting surveys (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilitiesat Parent’s expense)), Contracts, books and records and such other information concerning its business, properties and personnel of the Company Group, except that as the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testingrequest. Notwithstanding anything to the contrary contained in this AgreementSection 5.2(a), (i) any document, correspondence or information or other access provided pursuant to this Section 5.2(a) may be redacted or otherwise limited to prevent disclosure of information concerning the valuation of the Company, the Company may satisfy OP and the Mergers or other confidential or competitively sensitive information and (ii) Parent and its obligations set forth above by electronic means if physical access is Affiliates shall not permitted under applicable Law. The terms and conditions conduct any environmental investigation at any Company Real Property involving sampling or other intrusive investigation of the Confidentiality Agreement will apply to any information obtained by Parent air, surface water, groundwater, soil or any of its Representatives anything else at or in connection with any investigation conducted Company Real Property. All access pursuant to the access contemplated by this Section 7.45.2(a) shall be (A) conducted in such a manner as not to interfere unreasonably with the normal operations of the Company, other than any information that has been made, is or becomes available to Parent of its Subsidiaries or any of their respective Representatives and (B) coordinated through the Company’s designee.
(b) Notwithstanding anything to the contrary contained in this Section 5.2, none of the Company, any of its Subsidiaries and any of their respective Representatives by shall be required to provide any access, or from make available any document, correspondence or information, if doing so would, in the reasonable judgment of its legal counsel, (i) jeopardize the attorney-client privilege of the Company or any of its Representatives in Subsidiaries or (ii) conflict with any (A) Law applicable to the ordinary course Company, any of its Subsidiaries, any of their ongoing business arrangements consistent with past practicerespective Representatives or the assets, including in connection with Parent’s preparation or operation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel business, of the Company, any of its Subsidiaries or another person designated by any of their respective Representatives or (B) Contract to which the Company. In the event , any of its Subsidiaries or any of their respective Representatives is a party or by which any of their assets or properties are bound; provided that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, instances the Company shall cooperate with inform Parent of the general nature of the information being withheld and shall use commercially reasonable efforts to make appropriate substitute disclosure arrangements to permit reasonable substitute access or disclosure, including through under circumstances in which the use restrictions of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause preceding sentence apply.
(c) The parties hereto hereby agree that all information provided to them or their respective Representatives in connection with this Agreement and the consummation of this Section 7.4the transactions contemplated hereby shall be governed in accordance with the Confidentiality Agreement, obtaining a waiver with respect to dated as of May 12, 2021 between the Company and BRAVO Strategies IV LLC (the “Confidentiality Agreement”), which shall continue in full force and effect until the Effective Time or consent under such contractual termination or acceleration rightlater time as may be provided therein.
Appears in 1 contract
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closing, the (a) The Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives reasonable access during normal business hours, hours upon reasonable advance noticenotice to the Company, throughout the period from the date hereof until the earlier of the termination of this Agreement and the Teton Merger Effective Time, to the its and its Subsidiaries’ personnel, properties, offices and other facilitiesassets, Contracts, commitments, books and records and such other information concerning its business, properties, finances, operations, assets, litigation matters, environmental compliance matters, cash-flow reports and personnel of the as Parent may reasonably request. The Company Group, except that the Company may restrict or otherwise prohibit access shall use its commercially reasonable efforts to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the reasonably cooperate with Parent and Parent’s Representatives in connection with such access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testingexamination. Notwithstanding anything to the contrary contained in this AgreementSection 6.2(a), any document, correspondence or information or other access provided pursuant to this Section 6.2(a) may be redacted or otherwise limited to prevent disclosure of information concerning the valuation of the Company may satisfy its obligations set forth above by electronic means if physical and Teton Merger or other similarly confidential or competitively sensitive information. All access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available 6.2(a) shall be (i) conducted in such a manner as not to Parent or any interfere unreasonably with the normal operations of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to Subsidiaries and (ii) coordinated through the General Counsel of the CompanyCompany or a designee thereof.
(b) Notwithstanding anything to the contrary contained in this Section 6.2, neither the Company nor any of its Subsidiaries shall be required to provide any access, or another person designated by make available any document, correspondence or information, if doing so would, in the reasonable judgment of the Company. In ’s legal counsel, (i) jeopardize or cause a risk of loss or waiver of the event that attorney-client, attorney work product or other similar privilege of the Company objects or any of its Subsidiaries or (ii) violate any (A) Law applicable to the Company or any request submitted pursuant to this Section 7.4 on of its Subsidiaries or the basis of one assets, or more operation of the matters set forth business, of the Company or any of its Subsidiaries (including any COVID-19 Measures) or (B) Contract to which the Company or any of its Subsidiaries is a party or by which any of their assets or properties are bound; provided, that in such instances the Company shall inform Parent of the general nature of the information being withheld and, on Parent’s request, reasonably cooperate with the other party to provide such information, in whole or in part, in a manner that would not result in any of the outcomes described in the foregoing clauses (ai) and (ii).
(c) The parties hereto hereby agree that all information provided to them or their respective Representatives in connection with this Agreement and the consummation of the transactions contemplated hereby shall be governed in accordance with (ei) the Non-Disclosure Agreement, dated as of this Section 7.4July 23, it must do so by providing Parent2021, in reasonable detailbetween the Company and Sierra (the “Sierra Confidentiality Agreement”) and (ii) the Mutual Non-Disclosure Agreement, dated as of February 24, 2020, as amended on July 24, 2021, between the Company and Apache (the “Apache Confidentiality Agreement” and together with the Sierra Confidentiality Agreement, the nature “Confidentiality Agreements”), each of what is being prevented and/or withheld which shall continue in full force and effect in accordance with its terms.
(d) To the reasons therefor, and prior to preventing such access or withholding such information or documents from extent reasonably requested by Parent and its Representativesin writing, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of commercially reasonable best efforts to take cooperate with Parent and its Affiliates, including making any necessary filings with the FCC and under the HSR Act, to allow Parent to sell, assign and/or transfer, as of immediately following the Teton Merger Effective Time, the assets and liabilities associated with, including the authorizations and licenses issued by the FCC, for the operation of full-power television station KVUE(TV), Austin, Texas (Facility ID No. 35867), WFAA (TV), Dallas, Texas (Facility ID Xx. 00000), XXXX (XX), Decatur, Texas (Facility ID No. 73701), KHOU (TV), Houston, Texas (Facility ID No. 34529) and KTBU (TV), Conroe Texas (Facility ID No. 28324), membership interests in Premion, LLC, and equity interests in Madhive, Inc. from Parent or an Affiliate of Parent to CMG or an Affiliate of CMG as designated by Parent (such actions assignments or transfers, the “Post-Closing Transfers” ) provided, however, that in no event shall any filings be made with the FCC or under the HSR Act that would have the effect of making the Closing contingent on any of the Post-Closing Transfers or the approval thereof (provided that a filing requested by the FCC or its staff in order to grant the FCC Consent shall be permitted if made to comply with the obligations set forth in Section 6.6(e), so long as the Parent Restructuring Entities continue to comply in all respects with Section 6.6 and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing any conditions of such information and documents in divestiture (other than FCC or HSR approval or the closing of the Merger) shall be irrevocably waived). In no event shall the receipt or approval or clearance from the FCC or under the HSR Act for any Post-Closing Transfer (or the completion of any Post-Closing Transfer) be, directly or indirectly, a manner condition to remove any of Parent’s or Teton Merger Sub’s obligations under this Agreement. In no event shall the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, receipt or failure to receive any approvals with respect to to, or the contractual termination consummation or acceleration right potential consummation of, any of the transactions contemplated by clause (c) of this Section 7.46.2(d) be, obtaining directly or indirectly, a waiver with respect condition to any of Parent’s or consent Teton Merger Sub’s (or any of the other Parent Restructuring Entities’) obligations under such contractual termination or acceleration rightthis Agreement.
Appears in 1 contract
Samples: Merger Agreement (Tegna Inc)
Access. At all times during (a) During the period commencing with the execution Execution Date and delivery of this Agreement ending at 5:00 p.m., local time, on November 30, 2001 (the "DUE DILIGENCE PERIOD"), Buyer shall have the right to conduct the investigation described in Section 6.01(b).
(b) Upon reasonable notice from Buyer to Seller, Seller shall permit, and continuing until shall cause the earlier to occur of the termination of this Agreement pursuant to Article IX Companies and the ClosingAlba Companies to permit, the Company will (and will cause its Subsidiaries to) afford Parent Buyer and its Representatives authorized employees, agents, accountants, legal counsel and other representatives to have reasonable access during normal business hoursaccess, upon reasonable advance noticeat Buyer's sole expense, risk and cost, to the facilities, properties, offices personnel and other facilitiesRecords of the Companies and the Alba Companies (including all title, Contractsland, books geological, geophysical, seismic, engineering, production, product sales, personnel-related documents and financial records and personnel data of the Company GroupCompanies and the Alba Companies) for the purpose of conducting an investigation of their financial condition, except corporate status, business, properties and assets; provided however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will shall be conducted in a manner that does not unreasonably and materially interfere with the conduct normal operations of the business Companies and the Alba Companies.
(c) Prior to Closing, (i) Buyer will not contact any Governmental Authority of the Company Group Republic of Equatorial Guinea, or create a material risk official thereof, or any employee of damage Seller, the Companies, the Alba Companies or destruction any of their Affiliates, without, in each instance, first obtaining the approval of an authorized representative of Seller (not to any property be unreasonably withheld), and (ii) Seller will furnish, or assets of cause the Company Group. Any access Companies or the Alba Companies to furnish, Buyer with such additional financial and operating data and other information pertaining to the properties of Companies and the Company Group will be subject to the Company’s reasonable security measures Alba Companies and insurance requirements their assets and will not include the right to perform invasive testing. Notwithstanding anything to the contrary operations as Buyer may reasonably request; provided however that nothing in this Agreement, Agreement shall obligate Seller to take any action that would disrupt the Company may satisfy normal course of its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with Affiliate's, or any investigation conducted pursuant of the Companies' or the Alba Companies', business or violate the terms of any applicable Law or agreement to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent which it or any of its Representatives by Affiliates or from the any Company or either Alba Company is a party or to which it or any of its Affiliates, any Company, either Alba Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practiceassets are subject; and provided further, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects confidentiality of any data or information to any request submitted pursuant which Buyer is given access shall be maintained by Buyer and its representatives in accordance with Section 11.01.
(d) Seller has made available to this Section 7.4 Buyer and Buyer shall review prior to Closing copies of all agreements listed on Schedule 6.01 (the basis of one or more of the matters set forth in clauses (a) to "OTHER CONTRACTS").
(e) After the expiration of the Due Diligence Period and until Closing or termination of this Agreement, Buyer shall continue to have the right to conduct the investigation described in Section 7.4, it must do so by providing Parent, in reasonable detail, 6.01(b) to the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis extent necessary for the objection, including by arrangement purposes of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to preparing for an orderly transition of ownership of the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightCompanies.
Appears in 1 contract
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingInterim Period, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation (including COVID-19 Measures) requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the any Company Group Member is a party or otherwise bound would violate or cause a material default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons third Persons; (e) access would, in light of COVID-19 or COVID-19 Measures, jeopardize the health and safety of any officer or employee of the Company Group; provided that, any of clauses (a) through (e), the Company shall give notice to Parent of the fact that it is withholding such information or documents and thereafter the Company shall reasonably cooperate with Parent to allow the disclosure of such information (or as much of it as possible) in a manner that would result in not violate any such trade secrets no longer being protected as such under applicable Law following such disclosure; or of clauses (a) through (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand). Subject to Section 7.19, nothing Nothing in this Section 7.4 6.5 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, appraisals or opinions or other informationthat places an undue burden on the personnel of the Company Group. Any investigation conducted pursuant to the access contemplated by this Section 7.4 6.5 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right6.5.
Appears in 1 contract
Access. At all times during the period commencing (a) Subject to compliance with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closingapplicable Laws, the Company will (and will cause its Subsidiaries to) shall afford to Parent and to its Representatives officers, employees, accountants, consultants, legal counsel, financial advisors and agents and other representatives (collectively, “Representatives”) reasonable access access, for purposes reasonably related to consummating the Merger and carrying out post-Merger integration, during normal business hours, upon reasonable advance notice, throughout the period prior to the earlier of the Effective Time and the Termination Date, to the Company’s and its Subsidiaries’ personnel, properties, offices and other facilitiescontracts, Contractscommitments, books and records records, other than any such matters that relate to the negotiation and personnel execution of this Agreement, including with respect to the consideration or valuation of the Merger or any financial or strategic alternatives thereto, or that relate to any Alternative Proposal or Superior Proposal (but without limiting the Company’s obligations under Section 5.4). The foregoing notwithstanding, the Company shall not be required to afford such access (i) if such access would, in the Company’s good-faith discretion, (x) unreasonably disrupt the operations of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent thatof its Subsidiaries, (ay) jeopardize any attorney-client or other legal privilege or trade secret protection or (z) contravene any applicable Law or regulation requires binding agreement entered into prior to the Company Group to restrict or otherwise prohibit access to such documents or information; date of this Agreement (b) access to such documents or information would give rise to a material risk of waiving including any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract confidentiality agreement to which the Company Group or any of its Affiliates is a party or otherwise bound would violate or cause a default pursuant toparty); provided, or give however, that the Company shall use commercially reasonable efforts to make appropriate substitute arrangements under circumstances in which any Person of the right foregoing restrictions apply to terminate or accelerate the rights pursuant to, such Contract; (d) allow access would result in the disclosure of any material trade secrets of Persons in a manner that would does not result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; effect, or (eii) to such documents information that relates to the minutes of the meetings of the Company Board or information are reasonably pertinent to its committees where the Company Board or any adverse Legal Proceeding applicable committee discussed the transactions contemplated by this Agreement or any similar transaction between the Company and any other Person (including any presentations or other materials prepared by or for the Company Board, whether in connection with a specific meeting, or otherwise relating to such subject matter). Notwithstanding anything contained in this Agreement to the contrary, the Company shall not be required to provide any access or make any disclosure pursuant to this Section 5.3 to the extent such access or information is reasonably pertinent to a litigation where the Company or any of its Affiliates, on the one hand, and Parent and its Parent, Merger Sub or any of their respective Affiliates, on the other hand. Subject , are adverse parties or reasonably likely to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testingbecome adverse parties. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above to provide access to personnel, properties, contracts, commitments, books and records and any other documents and information by electronic means if physical access is not reasonably feasible or would not be permitted under the applicable LawLaw (including any COVID-19 Measures). The terms and conditions of No access or information provided pursuant to this Section 5.3 shall limit or otherwise affect or be deemed to modify any representation or warranty made by the Confidentiality Agreement will apply Company.
(b) Parent agrees that all information provided to any information obtained by Parent it or any of its Representatives in connection with any investigation conducted pursuant to this Agreement and the access consummation of the transactions contemplated by this Section 7.4Agreement shall be deemed to be Confidential Information, other than any information that has been madeas such term is used in, is or becomes available to Parent or any and shall be treated in accordance with, the confidentiality agreement, dated as of its Representatives by or from December 23, 2022, between the Company or any and Parent, as supplemented by the Clean Team Agreement by and between the Company and Parent, dated as of its Representatives in March 9, 2023 (together, the ordinary course of their ongoing business arrangements consistent with past practice“Confidentiality Agreement”), including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed which, notwithstanding anything to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters contrary set forth therein, shall continue in clauses (a) full force and effect until the Closing Date. If for any reason this Agreement is terminated prior to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detailthe Closing Date, the nature of what is being prevented and/or withheld Confidentiality Agreement shall nonetheless continue in full force and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and effect in accordance with its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightterms.
Appears in 1 contract
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the (1) termination of this Agreement pursuant to Article IX and the Closing(2) Effective Time, the Company will (and will cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets Trade Secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosurethird Persons; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing Nothing in this Section 7.4 7.6 will be construed to require the Company Group Company, any of its Subsidiaries or any of its or their respective Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 7.6 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations7.6. All requests for access pursuant to this Section 7.4 7.6 must be directed to the Company’s General Counsel of the Company, or another person designated in writing by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 1 contract
Samples: Merger Agreement (Rocket Fuel Inc.)
Access. At all times during the period commencing (a) Subject to compliance with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closingapplicable Laws, the Company will (and will cause its Subsidiaries to) shall afford to Parent and to its Representatives officers, directors, employees, accountants, consultants, legal counsel, financial advisors and agents and other representatives (collectively, “Representatives”) reasonable access during normal business hours, upon reasonable advance notice, throughout the period prior to the earlier of the Effective Time and the Termination Date, to the Company’s and its Subsidiaries’ employees, officers, properties, offices and other facilitiescontracts, Contractscommitments, books and records records, other than any such matters that relate to the negotiation and personnel execution of this Agreement, including with respect to the consideration or valuation of the Merger or any financial or strategic alternatives thereto, or that relate to any Alternative Proposal or Superior Proposal, in each case, solely for purposes of consummating the Merger (including for integration planning) (but without limiting the Company’s obligations under Section 6.4 in respect of an Alternative Proposal or Superior Proposal). The foregoing notwithstanding, the Company shall not be required to afford such access (i) if such access would, in the Company’s good-faith discretion, (x) unreasonably disrupt the operations of the Company Groupor any of its Subsidiaries, except that (y) jeopardize the health and safety of any officer or employee of the Company may restrict or otherwise prohibit access to any documents of its Subsidiaries, or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other legal privilege or trade secret protection or (z) contravene any applicable Law, fiduciary duty or binding agreement entered into prior to such documents or information; the date of this Agreement (c) access to a Contract including any confidentiality agreement to which the Company Group or any of its Affiliates is a party or otherwise bound would violate or cause a default pursuant toparty); provided, or give that, at Parent’s written request, the Company shall use commercially reasonable efforts to (A) make appropriate substitute arrangements under circumstances in which any Person of the right foregoing restrictions apply to terminate or accelerate the rights pursuant to, such Contract; (d) allow access would result in the disclosure of any material trade secrets of Persons in a manner that would does not result in such effect or (B) obtain waivers of any such trade secrets no longer being protected as such under applicable Law following such disclosurerestrictions; or (eii) to such documents information that relates to the minutes of the meetings of the Company Board or information are reasonably pertinent to its committees where the Company Board or any adverse Legal Proceeding applicable committee discussed the Contemplated Transactions or any similar transaction between the Company and any other Person (including any presentations or other materials prepared by or for the Company Board, whether in connection with a specific meeting, or otherwise relating to such subject matter). Notwithstanding anything contained in this Agreement to the contrary, the Company shall not be required to provide any access or make any disclosure pursuant to this Section 6.3 to the extent such access or information is reasonably pertinent to a litigation where the Company or any of its Affiliates, on the one hand, and Parent and its Parent, Merger Sub or any of their respective Affiliates, on the other hand. Subject , are adverse parties or reasonably likely to Section 7.19become adverse parties, nothing in this Section 7.4 will be construed to require the Company Group or and any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the such access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures measurements and insurance requirements requirements. Notwithstanding anything to the contrary contained in this Section 6.3(a), any document, correspondence or information or other access provided pursuant to this Section 6.3(a) may be redacted or otherwise limited to prevent disclosure of information concerning the valuation of the Company and will not include the right Merger or other confidential or competitively sensitive information. To the extent that the Company reasonably determines doing so may be required for the purpose of complying with applicable Antitrust Laws or Foreign Investment Laws, information disclosed pursuant to perform invasive testingthis Section 6.3 may be disclosed subject to execution of a joint defense agreement in customary form, and disclosure may be limited to external counsel for Parent, provided, that such disclosure would reasonably permit the disclosure of information without violating applicable Law or jeopardizing applicable legal privilege. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above to provide access to employees, officers, properties, contracts, commitments, books and records and any other documents and information by electronic means if physical access is not reasonably feasible or would not be permitted under applicable LawLaw (including any COVID-19 Measures). The terms and conditions Notwithstanding anything to the contrary contained in this Section 6.3(a), in no event shall the work papers of the Confidentiality Agreement will apply Company’s and its Subsidiaries’ independent accountants and auditors be accessible to Parent or any of its Representatives unless and until such accountants and auditors have provided a consent related thereto in form and substance reasonably acceptable to such auditors or independent accountants; provided, that the Company shall use commercially reasonable efforts to assist Parent or any of its Representatives in obtaining such consent at the request of Parent. Notwithstanding the foregoing, Parent and its Representatives shall not be permitted to perform any intrusive environmental study or assessment with respect to any property of the Company or any of its Subsidiaries without the prior written consent of the Company.
(b) Parent agrees that all information obtained by Parent provided to it or any of its Representatives in connection with any investigation conducted pursuant this Agreement and the consummation of the Contemplated Transactions shall be deemed to be Confidential Information and/or Transaction Information, as applicable, as such terms are used in, and shall be treated in accordance with, the confidentiality agreement, dated as of August 29, 2023, between the Company and Parent, as supplemented by the Clean Team Agreement by and between the Company and Parent, dated as of October 11, 2023 (together, the “Confidentiality Agreement”), which, notwithstanding anything to the access contemplated by contrary set forth therein, shall continue in full force and effect until the Closing Date. If for any reason this Section 7.4, other than any information that has been made, Agreement is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed terminated prior to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detailClosing Date, the nature of what is being prevented and/or withheld Confidentiality Agreement shall nonetheless continue in full force and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and effect in accordance with its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightterms.
Appears in 1 contract
Access. At all times during During the period commencing with on the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingAcceptance Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance written notice, to the properties, offices and other facilitiesbooks, Contracts, books and records and personnel of the Company GroupCompany; provided, except however, that (a) the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation (including any COVID-19 Measures) requires the Company Group to restrict or otherwise prohibit access to such documents or information; , (bii) granting such access would violate any obligations of the Company with respect to confidentiality to any third party or otherwise breach, contravene or violate, constitute a default under, or give a third party the right to terminate or accelerate an obligation under, any then effective Contract to which the Company is a party, (iii) access to such documents or information would give rise reasonably be expected to result in a material risk waiver of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; information or (eiv) such documents or information are reasonably pertinent relate to any adverse Legal Proceeding between the evaluation or negotiation of this Agreement, the transactions contemplated hereby or, subject to Section 6.2, an Acquisition Proposal or Superior Proposal, and (b) in each case, such access may be limited to the extent the Company reasonably determines, in light of COVID-19 or any COVID-19 Measures, that such access would jeopardize the health and safety of any employee of the Company. In the event that the Company does not provide access or information in reliance on (x) clauses (a)(i), (a)(ii) or (a)(iii) of the preceding sentence, it shall use its Affiliatesreasonable best efforts to communicate the applicable information to Parent in a way that would not violate any applicable Law, on the one handContract or obligation or waive such a privilege, and (y) clause (b) of the preceding sentence, it shall use its reasonable best efforts to communicate the applicable information to Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require a way that the Company Group or reasonably determines would not would jeopardize the health and safety of any employee of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationthe Company. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 7.6 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will Company, shall be subject to the Company’s reasonable security measures and insurance requirements requirements, and will shall not include the right to perform invasive testing. Notwithstanding anything to testing without the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable LawCompany’s prior written consent. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is 7.6. Nothing in this Section 7.6 or becomes available elsewhere in this Agreement shall be construed to Parent or any of its Representatives by or from require the Company or any Representatives of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel any of the Companyforegoing to prepare any reports, analyses, appraisals, opinions or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightinformation.
Appears in 1 contract
Samples: Merger Agreement (Icosavax, Inc.)
Access. At all times during (a) From and after the period commencing with the execution and delivery date of this Agreement and continuing until the earlier to occur of the Closing or the termination of this Agreement pursuant to Article IX IX, Seller shall, and the Closing, shall cause the Company will (and will cause its Subsidiaries to) afford Parent , give Purchaser and its Representatives reasonable access access, during normal business hours, upon reasonable advance noticewritten notice and solely for purposes of integration planning and in furtherance of the Transactions, to personnel, properties and Records relating to the propertiesCompany; provided, offices that Purchaser and other facilitiesits Representatives (i) are accompanied at all times by Business Employees during any access to properties of the Company, Contracts, books (ii) comply with all applicable Law and records all applicable policies and personnel requirements of the Company Group(including such policies and requirements relating to environmental, except health, safety and security matters) and (iii) shall not contact or otherwise communicate with the employees, customers or suppliers of the Company or any other Person having a business relationship with the Company, unless approved in writing in advance by Seller or as described on Section 5.01(a) of the Seller Disclosure Schedule; provided, further, that Seller or the Company may restrict or otherwise prohibit such access to the extent that, as determined in the sole discretion of Seller or the Company, such access (x) could unreasonably disrupt the normal operations of Seller or the Company, (y) could violate or result in a waiver of any documents attorney-client privilege of Seller or the Company or violate any applicable Law (including merger control and competition Laws) or (z) could breach any duty of confidentiality or other obligation owed to any person. Except as otherwise approved in advance in writing by Seller, such rights of access explicitly exclude any Phase II environmental investigations or any other intrusive or invasive testing or sampling, including testing or sampling of soil, surface water, air, groundwater or other materials. In the event that Seller makes a determination to withhold any information from Purchaser based on clause (y) or (z) above, then to the extent such withheld information relates to facts, circumstances or events that would reasonably be expected to be materially adverse to the Company, Seller will, to the extent doing so is legally permissible, reasonably practicable, consistent with avoiding liability for gun jumping or related other competition Laws and would not in and of itself violate or result in a waiver of attorney-client privilege or breach any duty of confidentiality or other obligation, reasonably inform Purchaser of the same and discuss with Purchaser the general nature of the information withheld; provided, that the foregoing shall not limit any representations or warranties of the Company and Seller hereunder.
(b) As may be reasonably necessary in connection with Purchaser’s seeking to limit or remove certain exclusions or exceptions related to Financial Statements from the R&W Insurance Policy, upon reasonable written request from Purchaser, Seller and the Company shall use commercially reasonable efforts to provide Purchaser the information described on Section 5.01(b) of the Purchaser Disclosure Schedule, to the extent such information is reasonably available to Seller or the Company; provided, that Seller or the Company may withhold information to the extent that, as determined in the sole discretion of Seller or the Company, providing such information (ai) any applicable Law could unreasonably disrupt the normal operations of Seller or regulation requires the Company Group to restrict Company, (ii) could violate or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to result in a material risk waiver of waiving any attorney-client privilege, work product doctrine privilege of Seller or the Company or violate any applicable Law (including merger control and competition Laws) or (iii) could breach any duty of confidentiality or other privilege applicable obligation owed to such documents any person; provided, further, that, notwithstanding anything to the contrary herein, it is understood and agreed that no failure of Seller or information; the Company to provide information pursuant to this Section 5.01(b) shall result in the failure of the condition set forth in Section 8.01(a) to be satisfied.
(c) access to a Contract to which the Company Group is a party or otherwise bound would violate or When exercising its rights under this Section 5.01, Purchaser shall, and shall cause a default pursuant its Representatives to, or give any Person the right use commercially reasonable efforts to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent minimize disruption to any adverse Legal Proceeding between the Company and the Business. Any information provided to or obtained by Purchaser by exercising its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject rights pursuant to Section 7.19, nothing in this Section 7.4 will be construed 5.01 will, prior to require the Company Group or any of its Representatives to prepare any reportsClosing, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Confidentiality Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (Covia Holdings Corp)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to in accordance with Article IX VII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries, except and shall furnish Parent with such financial, operating and other data and information relating to the Company and its Subsidiaries as Parent may reasonably request; provided, however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that the Company or its outside legal counsel reasonably determines that (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; , or (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; (c) and provided further, however, that no information or knowledge obtained by Parent in any investigation conducted pursuant to the access contemplated by this Section 6.6 shall affect or be deemed to a Contract to which modify any representation or warranty of the Company Group is a party set forth in this Agreement or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate impair the rights pursuant toand remedies available to Parent and Acquisition Sub hereunder. In the event that the Company does not provide access or information in reliance on the preceding sentence, such Contract; (d) access would result in it shall use its reasonable best efforts to communicate the disclosure of any material trade secrets of Persons applicable information to Parent in a manner way that would result in any such trade secrets no longer being protected as such under not violate the applicable Law following or waive such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationa privilege. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.6 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Groupor any of its Subsidiaries. Any access to the properties of the Company Group will or any of its Subsidiaries shall be subject to the terms and conditions of any applicable Lease and the Company’s reasonable security measures and insurance requirements and will shall not include the right to perform Phase 1 or Phase 2 environmental assessments or other invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.46.6. Nothing in this Section 6.6 or elsewhere in this Agreement shall be construed to require the Company, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company Subsidiaries or any Representatives of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel any of the Companyforegoing to prepare any reports, analyses, appraisals, opinions or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightinformation.
Appears in 1 contract
Access. At all times Subject to applicable Law and the last sentence of Section 5.12(c), during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingInterim Period, the Company will provide the Purchaser and its Representatives, at the Purchaser’s sole cost and expense, with access to the books and records of the Company (including working papers and data in the possession of the Seller Owners, the Seller, the Company or its accountants), and, subject to the receipt of reasonable prior written notice from the Purchaser, and with the prior written consent of the Company’s Chief Executive Officer or his authorized designee(s) (which consent will not be unreasonably withheld or delayed), to the Assets, properties, and the officers, employees (including IT staff in order to assess the transition of IT services to the Purchaser), agents and accountants of the Company, in each case, in a manner that does not unreasonably interfere with the business of the Company. Any information or knowledge obtained in any investigation pursuant to this Section 5.4 that is Confidential Information is subject to Section 5.6 and shall not be used for any purpose unrelated to the consummation of the transactions contemplated by this Agreement. Notwithstanding anything herein to the contrary, the Purchaser is not authorized to and shall not (and will cause shall not permit any of its Subsidiaries employees, agents, Representatives or Affiliates to) afford Parent contact any officer, director, employee, customer, supplier, distributor, vendor or other business relation of the Company regarding the transactions contemplated by this Agreement prior to the Closing without the prior written consent and coordination of a Designated Contact (as defined below) (which consent will not be unreasonably withheld, conditioned or delayed). Notwithstanding anything herein to the contrary, the Company shall not be required to provide such access or disclose any information to the Purchaser and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of if the Company Group, except reasonably determines that the Company may restrict such access or otherwise prohibit access to any documents disclosure would (A) jeopardize or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to result in a material risk waiver of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (cB) access to a violate any Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant toparty, or give (C) violate any Person Law which the right Company is subject to; provided, that the parties will cooperate to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in implement appropriate and mutually agreeable measures to permit the disclosure of any material trade secrets of Persons such information or to provide access in a manner that would result in any to remedy the basis for the objection. All requests for such trade secrets no longer being protected access shall be directed to the Chief Executive Officer or to such persons as such under applicable Law following such disclosure; the Chief Executive Officer may designate in writing from time to time (collectively, the “Designated Contacts”). Other than the Designated Contacts, prior to the Closing, without the prior written consent of a Designated Contact (which shall not be unreasonably withheld, conditioned or (e) such documents delayed), neither the Purchaser, its Affiliates nor their respective Representatives shall contact any employee, contractor, supplier, customer, landlord or other material business relationship of the Company. For the avoidance of doubt, the Purchaser shall, and shall cause its Representatives to, abide by the terms of the Confidentiality Agreement with respect to any access or information are reasonably pertinent provided pursuant to this Section 5.4. Notwithstanding anything to the contrary contained in this Agreement, in the event of any adverse Legal Proceeding litigation that has not been withdrawn in writing between the Company and its AffiliatesSeller or any Seller Owner, on the one hand, and Parent and the Purchaser or its Affiliates, on the other hand. Subject , relating to Section 7.19this Agreement or the transactions contemplated hereby, nothing the covenants contained in this Section 7.4 will 5.4 shall not apply thereto (including for discovery purposes) to the extent the access or information requested relates to the litigation, and compliance with this Section 5.4 shall not be construed considered a waiver by any party of any right to require assert the Company Group attorney client privilege or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationsimilar privilege. Any investigation conducted pursuant to the access contemplated by Nothing in this Section 7.4 will 5.4 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction deemed to limit any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives communications made in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant (unrelated to this Section 7.4 must be directed to Agreement or the General Counsel transactions contemplated hereby and in compliance with the terms of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more Confidentiality Agreement) of the matters set forth in clauses (a) to (e) of this Section 7.4Purchaser, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access its Affiliates or withholding such information or documents from Parent and its their respective Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Caci International Inc /De/)
Access. At all times during From the period commencing with the execution and delivery date of this Agreement and continuing until the Closing or the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingSection 8.01, the Company will (shall, and will shall cause its Subsidiaries to, (a) afford permit representatives of Parent and its Representatives to have access at reasonable access times during normal business hours, upon with reasonable advance notice, and in a manner so as not to interfere with the normal business operations of the Company and its Subsidiaries, to all premises, properties, books, records, contracts and documents of the Company and its Subsidiaries and to the propertiesChief Executive Officer, offices Chief Financial Officer, General Manager - BMAC and other facilitiesGeneral Manager - Hamsar of the Company, Contractsand (b) furnish to Parent such information concerning the businesses, books and records properties and personnel of the Company Groupand its Subsidiaries as Parent shall reasonably request; provided, except however, that the Company may restrict or otherwise prohibit access foregoing shall (i) not apply with respect to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of which would, based on the advice of the Company’s outside counsel, waive any material trade secrets privilege or breach any duty of Persons in a manner that would result in confidentiality owed to any such trade secrets no longer being protected as such under applicable Law following such disclosurePerson without the consent of the beneficiary thereof; or (eii) such documents not apply with respect to any document or information are reasonably pertinent to any adverse Legal Proceeding between regarding the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group Company’s or any of its Representatives to prepare any reports, analyses, appraisals, opinions Subsidiaries’ entry into or other information. Any investigation conducted pursuant conducting of a competitive sale process prior to the access contemplated by execution of this Section 7.4 will be conducted in a manner that does Agreement; (iii) not unreasonably and materially interfere apply with the conduct of the business of the Company Group or create a material risk of damage or destruction respect to any property investigation, sampling, or assets testing of the Company Group. Any access to the any environmental media at any properties of the Company Group will be subject or its Subsidiaries; (iv) not apply to such portions of documents or information relating to pricing or other matters that are highly sensitive if the exchange of such documents (or portions thereof) or information, as determined by the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been madeoutside counsel, is or becomes available reasonably expected to Parent or any result in violations of its Representatives applicable competition Law by or from the Company or any of its Representatives in the ordinary course Subsidiaries and Parent or any of their ongoing business arrangements consistent respective Affiliates and (v) not apply with past practicerespect to any document or information the disclosure of which would be in violation of applicable Laws of any Governmental Authority (including the HSR Act) or the provisions of any agreement to which the Company or any of its Subsidiaries is a party. Parent shall comply with, including in connection with and shall cause Parent’s preparation representatives to comply with, all of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to their obligations under the General Counsel of the CompanyConfidentiality Agreement, or another person designated by the Company. In the event that dated May 15, 2018, between the Company objects to any request submitted pursuant to this Section 7.4 on and Parent (the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement andConfidentiality Agreement”), with respect to the contractual termination or acceleration right contemplated by clause (c) of information disclosed pursuant to this Section 7.45.03, obtaining a waiver with respect to or consent under and such contractual termination or acceleration rightConfidentiality Agreement will remain in full force and effect.
Appears in 1 contract
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives (including its Financing Sources) reasonable access access, consistent with applicable Law, during normal business hours, upon reasonable advance noticerequest provided in writing to the General Counsel of the Company, or another Person designated in writing by the Company, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany, and shall make available to Parent and its Representatives (including its Financing Sources), all other information, agreements and documents concerning its business, properties and personnel as Parent and its Representatives (including its Financing Sources) may reasonably request in connection with the transactions contemplated by this Agreement, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any Contract in effect as of the date hereof or applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound as of the date hereof would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; or (d) access would result in the disclosure of any material trade secrets of Persons third Persons; provided that the Parties shall collaborate in good faith to make alternative arrangements to allow for such access or disclosure in a manner that would does not result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; the events set forth in clauses (a), (b), (c) or (ed) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other handabove. Subject to Section 7.19, nothing Nothing in this Section 7.4 will 6.8 shall be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.8 shall be conducted in a manner that (i) does not unreasonably and materially interfere or otherwise result in any significant interference with the conduct of the business prompt and timely discharge by officers, employees and other authorized Representatives of the Company Group or any of its Subsidiaries of their normal duties, or (ii) create a material risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right6.8.
Appears in 1 contract
Access. At all times during During the period commencing with on the execution and delivery date of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will shall (and will shall cause its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand its Subsidiaries; provided, except however, that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (ai) any applicable Law or regulation requires the Company Group or its Subsidiaries to restrict or otherwise prohibit access to such documents or information; , (bii) granting such access would violate any obligations of the Company or any of its Subsidiaries with respect to confidentiality to any third party or otherwise breach, contravene or violate, constitute a default under, or give a third party the right to terminate or accelerate an obligation under, any then effective Contract to which the Company or any of its Subsidiaries is a party, (iii) access to such documents or information would give rise reasonably be expected to result in a material risk waiver of waiving any attorney-client privilege, work product doctrine or other applicable privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; information or (eiv) such documents or information are reasonably pertinent relate to any adverse Legal Proceeding between the evaluation or negotiation of this Agreement, the transactions contemplated hereby or, subject to Section 5.2, an Acquisition Proposal or Superior Proposal. In the event that the Company and does not provide access or information in reliance on clauses (i), (ii), or (iii) of the preceding sentence, it shall use its Affiliatesreasonable best efforts to communicate the applicable information to Parent in a way that would not violate any applicable Law, on Contract or obligation or waive such a privilege, it shall use its reasonable best efforts to communicate the one hand, and applicable information to Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require a way that the Company Group reasonably determines would not would jeopardize the health and safety of any employee of the Company or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationSubsidiaries. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.5 (1) shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or its Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties or any of the Company Group will its Subsidiaries, and (2) shall be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Lawrequirements. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.46.5. Nothing in this Section 6.5 or elsewhere in this Agreement shall be construed to require the Company, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company Subsidiaries or any Representatives of its Representatives in any of the ordinary course of their ongoing business arrangements consistent with past practiceforegoing to prepare any reports, including in connection with Parent’s preparation of its consolidated financial statements analyses, appraisals, opinions or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed other information, subject to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this ’s obligations under Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right6.11.
Appears in 1 contract
Access. At all times during From and after the period commencing with the execution and delivery date of this Agreement and continuing until the earlier to occur of the Applicable Closing and the termination of this Agreement pursuant to Article IX VIII, Seller shall, and shall cause its Affiliates and Representatives to, solely for purposes of integration planning and consummating the Transactions or as is necessary to implement the purchase of the Business by the Purchasers and the operation of the Business as of the Applicable Closing, (x) give the Company will (Purchasers, their operating partners who have executed a non-disclosure agreement with Seller or its Affiliates, and will cause its Subsidiaries to) afford Parent and its their respective Representatives reasonable access access, during normal business hours, upon reasonable advance noticewritten notice and in a manner so as not to interfere with the normal business operations of Seller and the Business, to the propertiesPurchased Assets, offices the Acquired Group and other facilities, Contracts, the books and records and personnel of the Company GroupBusiness and (y) furnish to the Purchasers, except their operating partners who have executed a non-disclosure agreement with Seller or its Affiliates, and their respective Representatives such financial and operating data and other information relating to the Business as such Persons may reasonably request; provided that the Company may restrict Purchasers, their operating partners who have executed a non-disclosure agreement with Seller or otherwise prohibit its Affiliates, and their respective Representatives comply with all applicable Laws and all applicable bona fide policies and reasonable requirements of Seller (including such policies and requirements relating to environmental, health, safety and security matters) in connection with any Purchaser’s or operating partner’s or their respective Representatives’ physical access to any documents or information Seller’s properties; provided, further, that Seller may reasonably restrict such access to the extent thatthat such access (i) would violate or result in a waiver of any attorney-client privilege of the Seller Entities or Seller, (aii) would violate any applicable Law (including merger control and competition Laws and data privacy and protection Laws applicable to employee personal information), (iii) would reasonably be expected to jeopardize the health and safety of any employee in light of COVID-19 or regulation requires any Pandemic Measures or (iv) would unreasonably disrupt the Company Group normal business operations of the Business or the Seller Entities; provided that, in each case, Seller shall, and shall cause its Representatives and Affiliates to restrict use commercially reasonable efforts to provide the Purchasers, their operating partners who have executed a non-disclosure agreement with Seller or otherwise prohibit its Affiliates, and their respective Representatives, to the extent possible, with access to the relevant information and access in a manner that would not reasonably be expected to result in the violation or waiver of any such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine violation of law or jeopardizing of the health and safety of its employees. Such rights of access explicitly exclude any Phase II environmental investigations or any other invasive or environmental analysis, testing or sampling, including any such analysis, testing or sampling of soil, surface water, air, groundwater or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant toenvironmental media, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligationsbuilding materials. All requests for access pursuant to this Section 7.4 4.01 must be directed to the General Counsel of the CompanyXxxxxxxxxxx Xxxxxx, Xxxxx Xxxxxxx or another person such other Person designated by Seller in writing. For the Company. In avoidance of doubt, any information provided to or obtained by the event that the Company objects to any request submitted Purchasers by exercising their respective rights pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) 4.01 will be subject to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right5.01.
Appears in 1 contract
Samples: Stock and Asset Purchase Agreement (Hanesbrands Inc.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingInterim Period, the Company will (and will cause its Subsidiaries to) use commercially reasonable efforts to afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation (including COVID-19 Measures) requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the any Company Group Member is a party or otherwise bound would violate or cause a material default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons third Persons; (e) access would, in light of COVID-19 or COVID-19 Measures, jeopardize the health and safety of any officer or employee of the Company Group; or (f) relates to the activities of the Company pursuant to Section 5.3(a), except to the extent required to be provided pursuant to Section 5.3(f); provided that, other than with respect to clause (f), the Company shall give notice to Parent of the fact that it is withholding such information or documents and thereafter the Company shall reasonably cooperate with Parent to allow the disclosure of such information (or as much of it as possible) in a manner that would result in not violate any such trade secrets no longer being protected as such under applicable Law following such disclosure; or of clauses (a) through (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand). Subject to Section 7.19, nothing Nothing in this Section 7.4 6.8 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisalsappraisals or opinions that places an undue burden on the personnel of the Company Group. Without limiting the generality of the foregoing, opinions or other information. Any from the Agreement Date until the Effective Time, any investigation conducted pursuant to the access contemplated by this Section 7.4 6.8 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets (including the activities of the Company Grouppursuant to Section 5.3). Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right6.8.
Appears in 1 contract
Samples: Merger Agreement (Tufin Software Technologies Ltd.)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingUpon reasonable advance written notice, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Parent’s Representatives reasonable access access, during normal business hours, upon reasonable advance noticehours throughout the period prior to the Effective Time, to the propertiesCompany Properties and the Acquired Companies’ offices, offices and other plants, facilities, Contractspersonnel, Tax Returns and books and records records, and such other information concerning their respective businesses, properties and personnel as Parent may reasonably request; provided, however, that the Acquired Companies shall not be required to permit any inspection or other access, or to disclose any information, that in the reasonable judgment of the Company Group, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, could: (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in third parties; (b) violate any obligation of the Acquired Companies with respect to confidentiality, non-disclosure or privacy (provided that the Company shall use commercially reasonable efforts to secure the consent of any third party or enter into a manner that would result in joint defense agreement if necessary to permit the disclosure of applicable information to Parent and its Representatives); (c) jeopardize protections afforded the Company under the attorney-client privilege or the attorney work product doctrine; (d) violate any such trade secrets no longer being protected as such under applicable Law following such disclosureLaws; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business Acquired Companies’ business; provided, further, however, that in such instances the Company shall inform Parent of the Company Group or create a material risk of damage or destruction to any property or assets general nature of the Company Groupinformation being withheld and, upon Parent’s request, reasonably cooperate with Parent to provide such information, in whole or in part, in a manner that would not result in any of the outcomes described in the foregoing clauses (a) through (e). Any access No investigation pursuant to this Section 5.4 shall affect any representation or warranty in this Agreement of any party hereto or any condition to the properties obligations of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligationsparties hereto. All requests for access pursuant to this Section 7.4 5.4 must be directed to the General Counsel of the Company, Company or another person designated in writing by the Company. In Notwithstanding anything herein to the event that contrary, Parent and Acquisition Sub shall not, and shall cause their respective Representatives not to, contact any tenant, supplier or partner of the Company objects in connection with the Merger or any of the other transactions contemplated by this Agreement without the Company’s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed), and Parent and Acquisition Sub acknowledge and agree that any request submitted such contact shall be arranged by and with a Representative of the Company participating. All information obtained by Parent and its Representatives pursuant to this Section 7.4 on 5.4 shall be treated as “Evaluation Material” (as defined in the basis of one or more Confidentiality Agreement) of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detailAcquired Companies for purposes of, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightConfidentiality Agreement.
Appears in 1 contract
Samples: Merger Agreement (Monogram Residential Trust, Inc.)
Access. At all times during From the period commencing with the execution and delivery of this Agreement and continuing date hereof until the earlier to occur of the termination of this Agreement pursuant to Article IX Closing or the Termination Date, Seller shall, and the Closing, the Company will (and will shall cause its Subsidiaries Affiliates to) afford Parent , provide Purchaser and its Representatives officers, directors, Affiliates, employees and representatives, upon reasonable notice, reasonable access during normal business hours, upon reasonable advance notice, hours to the properties, offices and other facilities, Contracts, books and records of or relating to the Acquired Business and personnel to the officers, directors, employees and representatives of Seller relating to the Company GroupAcquired Business; provided, except however, that the Company Seller and any Affiliate may restrict or otherwise prohibit access to withhold any documents document or information to the extent thatSeller believes in good faith, after consultation with counsel, that disclosure of such document or information would: (i) unreasonably interfere with the operation of the Acquired Business or Seller’s or any of its Affiliates’ other businesses; (ii) cause a violation of any agreement with a third party to which Seller, any of its Affiliates or the Acquired Business is a party, including any confidentiality agreement; (iii) jeopardize the attorney-client privilege of such party; (iv) contravene any Laws; or (v) in the case of personnel records, where the disclosure of such document or information could subject Seller or its Subsidiaries to risk of Liability (provided, in each case of clauses (ii), (aiv) any applicable Law or regulation requires the Company Group and (v), that Seller and its Affiliates will use commercially reasonable efforts to restrict or otherwise prohibit access to such documents or information; (b) access to provide such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with violate such Law or third-party agreement or give rise to the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company GroupLiability). Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures Purchaser acknowledges and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to agrees that any information obtained by Parent provided to it or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4officers, other than any information that has been madedirectors, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practiceAffiliates, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access employees and representatives pursuant to this Section 7.4 must be directed 5.2 is subject to the General Counsel confidentiality obligations set forth in the Confidentiality Agreement. If any of the Company, information or another person designated by the Company. In the event that the Company objects to any request submitted material furnished pursuant to this Section 7.4 on 5.2 includes material or information subject to the basis attorney-client privilege or attorney work-product doctrine or any other applicable privilege concerning pending or threatened Actions or governmental investigations, each Party understands and agrees that the Parties have a commonality of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, interest with respect to such matters, and it is the contractual termination desire, intention and mutual understanding of the Parties that the sharing of such material or acceleration right contemplated by clause (c) information is not intended to, and shall not, waive or diminish in any way the confidentiality of such material or information, nor its continued protection under the attorney-client protection, attorney work-product doctrine, or other applicable privilege, and shall remain entitled to such protection under those privileges, this Section 7.4Agreement, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightand the joint defense doctrine.
Appears in 1 contract
Access. At all times during the period commencing (a) Subject to compliance with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closingapplicable Laws, the Company will (and will cause its Subsidiaries to) shall afford to Parent and to its Representatives reasonable access during normal business hours, upon reasonable advance notice, throughout the period prior to the earlier of the Effective Time and the Termination Date, to the Company’s employees, officers, properties, offices and other facilities, Contracts, books and records records, other than any such matters that relate to the negotiation and personnel execution of this Agreement, including with respect to the consideration or valuation of the Company GroupMerger or any financial or strategic alternatives thereto, except or that relate to any Alternative Proposal or Superior Proposal, in each case, solely for purposes of consummating the Merger (including for integration planning) (but without limiting the Company’s obligations under Section 6.5 in respect of an Alternative Proposal or Superior Proposal). The foregoing notwithstanding, the Company may restrict or otherwise prohibit shall not be required to afford such access to any documents or information to (i) if such access would, in the extent thatCompany’s good-faith discretion, (ax) unreasonably disrupt the operations of the Company, (y) jeopardize the health and safety of any applicable Law officer or regulation requires employee of the Company Group to restrict Company, or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilegeclient, work product doctrine or other legal privilege or trade secret protection or (z) contravene any applicable Law, fiduciary duty or Contract entered into prior to such documents or information; the date of this Agreement (c) access to a Contract including any confidentiality agreement to which the Company Group is a party or otherwise bound would violate or cause a default pursuant toparty); provided, or give that, at Parent’s written request, the Company shall use its reasonable best efforts to (A) make appropriate and mutually agreeable substitute arrangements under circumstances in which any Person of the right foregoing restrictions apply to terminate or accelerate the rights pursuant to, such Contract; (d) allow access would result in the disclosure of any material trade secrets of Persons in a manner that would does not result in such effect (including by arrangement of appropriate clean room procedures, redaction of text from documents or entry into a customary joint defense agreement with respect to any information to be so provided) or (B) obtain waivers of any such trade secrets no longer being protected as such under applicable Law following such disclosurerestrictions; or (eii) to such documents information that relates to the minutes of the meetings of the Company Board or its committees where the Company Board or any applicable committee discussed the Transactions or any similar transaction between the Company and any other Person (including any presentations or other materials prepared by or for the Company Board, whether in connection with a specific meeting, or otherwise relating to such subject matter). Notwithstanding anything contained in this Agreement to the contrary, the Company shall not be required to provide any access or make any disclosure pursuant to this Section 6.3 to the extent such access or information are is reasonably pertinent to any adverse Action or Legal Proceeding between where the Company and or any of its Affiliates, on the one hand, and Parent and its Parent, Merger Sub or any of their respective Affiliates, on the other hand. Subject , are adverse parties or reasonably likely to Section 7.19become adverse parties, nothing in this Section 7.4 will be construed to require the Company Group or and any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the such access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements requirements. Notwithstanding anything to the contrary contained in this Section 6.3(a), any document, correspondence or information or other access provided pursuant to this Section 6.3(a) may be redacted or otherwise limited to prevent disclosure of information concerning the valuation of the Company and will not include the right Merger or other confidential or competitively sensitive information. To the extent that the Company reasonably determines doing so may be required for the purpose of complying with applicable Antitrust Laws or the Specified Laws, information disclosed pursuant to perform invasive testingthis Section 6.3 may be disclosed subject to execution of a joint defense agreement in customary form, and disclosure may be limited to external counsel for Parent. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above to provide access to employees, officers, properties, Contracts, books and records and any other documents and information by electronic means if physical access is not reasonably feasible or would not be permitted under applicable LawLaw (including any COVID-19 Measures). The terms and conditions Notwithstanding anything to the contrary contained in this Section 6.3(a), in no event shall the work papers of the Confidentiality Agreement will apply Company’s independent accountants and auditors be accessible to Parent or any of its Representatives unless and until such accountants and auditors have provided a consent related thereto in form and substance reasonably acceptable to such auditors or independent accountants; provided, that the Company shall use its reasonable best efforts to assist Parent or any of its Representatives in obtaining such consent at the request of Parent. Notwithstanding the foregoing, Parent and its Representatives shall not be permitted to collect or analyze any environmental samples or to perform any intrusive, invasive or destructive testing, study or assessment (including, without limitation, soil borings, water samplings, Phase II environmental testing or other environmental sampling or analysis) with respect to any property of the Company without the prior written consent of the Company, which consent may be withheld in the Company’s sole discretion.
(b) Parent agrees that all information obtained by Parent provided to it or any of its Representatives in connection with any investigation conducted pursuant this Agreement and the consummation of the Transactions shall be deemed to be Evaluation Information and/or Transaction Information, as applicable, as such terms are used in, and shall be treated in accordance with, the confidentiality agreement, dated as of January 9, 2024, between the Company and Parent (the “Confidentiality Agreement”), which, notwithstanding anything to the access contemplated by this Section 7.4contrary set forth therein, other than any information shall continue in full force and effect until the Closing Date (in accordance with its terms); provided, that has been made, is or becomes available to Parent or any of its Representatives by or from the Company shall be deemed to have consented under the Confidentiality Agreement for Parent to, after the date of this Agreement, include any Debt Financing Sources as Parent’s Representative (as defined the Confidentiality Agreement) that Parent determines necessary or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including desirable in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel financing of the CompanyTransactions. The Company and Parent hereby agree, or another person designated by in accordance with Section 13(b) of the Company. In the event Confidentiality Agreement, that the Company objects Confidentiality Agreement shall be deemed to any request submitted pursuant have been, and hereby is, amended to this Section 7.4 on provide that the basis of one or more term of the matters Confidentiality Agreement (as set forth in clauses (a) to (eSection 13(d) of the Confidentiality Agreement) is extended until the earlier of (x) the Closing and (y) the later of January 9, 2025 and one year after the termination of this Section 7.4, it must do so by providing Parent, in reasonable detailAgreement. If for any reason this Agreement is terminated prior to the Closing Date, the nature of what is being prevented and/or withheld Confidentiality Agreement shall nonetheless continue in full force and effect in accordance with its terms (as modified by the reasons therefor, and prior immediately preceding sentence). Notwithstanding anything herein to preventing such access or withholding such information or documents from Parent and its Representativesthe contrary, the Company Parties hereby agree and acknowledge that the standstill and similar restrictions in the Confidentiality Agreement shall cooperate with Parent not apply upon the execution and delivery of this Agreement to make appropriate substitute arrangements the extent required to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions any action contemplated hereby and implement appropriate in accordance herewith and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual solely until any valid termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver Agreement in accordance with respect to or consent under such contractual termination or acceleration rightits terms.
Appears in 1 contract
Samples: Merger Agreement (Encore Wire Corp)
Access. At all times during (a) For purposes of furthering the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX and the Closingtransactions contemplated hereby, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives employees, accountants, consultants, legal counsel, financial advisors, financing sources and agents and other representatives reasonable access during normal business hours, hours upon reasonable advance noticenotice to the Company, throughout the period prior to the Effective Time, to the its and its Subsidiaries’ personnel, properties, offices and other facilitiescontracts, Contractscommitments, books and records and personnel any report, schedule or other document filed or received by it pursuant to the requirements of applicable Laws and, during such period, the Company Groupshall, except that the Company may restrict or otherwise prohibit access to any documents or information and shall cause its Subsidiaries to, without limitation to the extent thatpreceding obligations, make available to the other party (i) a copy of each report, schedule, registration statement and other document filed or received by it during such period pursuant to the requirements of federal securities laws (other than reports or documents that such party is not permitted to disclose under applicable Law), (aii) a copy of all correspondence between such party or any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving its Subsidiaries and any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access party to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent with regard to any adverse Legal Proceeding action, consent, approval or waiver that is required to be taken or obtained with respect to such Contract in connection with the consummation of the Merger or the other transactions contemplated by this Agreement and (iii) all other information concerning its business, properties and personnel as Parent may reasonably request; provided, however, until the condition in Section 6.1(e) is satisfied, the Clean Team Confidentiality Agreement between the Company and its AffiliatesParent, on dated as of June 26, 2014 (the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any “Clean Team Confidentiality Agreement”) shall govern access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing“Highly Confidential Information” as defined therein. Notwithstanding anything to the contrary contained in this AgreementSection 5.2(a), any document, correspondence or information provided pursuant to this Section 5.2(a) may be redacted to remove references concerning the valuation of the Company may satisfy its obligations set forth above by electronic means if physical and the Merger or other similarly confidential information. All access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available 5.2(a) shall be (A) conducted in such a manner as not to Parent or any interfere unreasonably with the normal operations of its Representatives by or from the Company or any of its Representatives Subsidiaries and (B) coordinated through the General Counsel of the Company or a designee thereof.
(b) To the extent reasonably necessary for the Company to confirm the accuracy of the representations of Parent and Merger Sub set forth in Article IV and the ordinary course satisfaction of their ongoing business arrangements consistent the conditions precedent set forth in Section 6.2(a) or Section 6.2(b), each of Parent and Merger Sub shall provide the Company with past practicereasonably accessible information upon reasonable advance notice by the Company, including throughout the period prior to the Effective Time; provided, however, that until the condition in connection with Parent’s preparation Section 6.1(e) is satisfied, the Clean Team Confidentiality Agreement shall govern access to “Highly Confidential Information” as defined therein. Notwithstanding anything to the contrary contained in this Section 5.2(b), any document, correspondence or information provided pursuant to this Section 5.2(b) may be redacted to remove references concerning the valuation of its consolidated financial statements the Company and the Merger or its public reporting obligationsother similarly confidential information. All requests for access pursuant to this Section 7.4 must 5.2(b) shall be directed (A) conducted in such a manner as not to interfere unreasonably with the normal operations of Parent or any of its Subsidiaries and (B) coordinated through the General Counsel of Parent or a designee thereof.
(c) Notwithstanding anything to the Companycontrary contained in this Section 5.2, no party to this Agreement nor any of its Subsidiaries shall be required to provide any access, or another person designated make available any document, correspondence or information, if doing so would, in such party’s and its outside legal counsel reasonable judgment, (i) jeopardize the attorney-client privilege of such party or any of its Subsidiaries or (ii) conflict with any (A) Law applicable to such party or any of its Subsidiaries or the assets, or operation of the business, of such party or any of its Subsidiaries or (B) Contract to which such party or any of its Subsidiaries is a party or by which any of the Companytheir assets or properties are bound; provided, however, that in such instances such party shall inform the other party of the general nature of the information being withheld and, upon the other party’s request, reasonably cooperate with the other party to provide such information, in whole or in part, in a manner that would not result in any of the outcomes described in the foregoing clauses (i) and (ii). In Notwithstanding anything to the event that contrary contained in this Agreement, without the prior written consent of the other party to this Agreement (which shall not be unreasonably withheld, conditioned or delayed), no party to this Agreement shall have any right to perform invasive or subsurface investigations of the properties or facilities of the other party or any of its Subsidiaries.
(d) No investigation by Parent or its representatives shall affect or be deemed to modify or waive the representations and warranties of the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) this Agreement, and no investigation by the Company or its representatives shall affect or be deemed to modify or waive the representations and warranties of Parent or Merger Sub set forth in this Agreement.
(e) of The parties hereto hereby agree that all information provided to them or their respective officers, directors, employees or representatives in connection with this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld Agreement and the reasons thereforconsummation of the transactions contemplated hereby shall be governed in accordance with the confidentiality agreement, and prior to preventing such access or withholding such information or documents from Parent and its Representativesdated as of April 7, 2014, between the Company and Parent (the “Confidentiality Agreement”), which shall cooperate continue in full force and effect in accordance with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightits terms.
Appears in 1 contract
Samples: Merger Agreement (Dollar Tree Inc)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX X and the ClosingEffective Time, the Company will (shall, and will shall cause its each of the Company Subsidiaries to) , afford Parent and its Representatives reasonable access during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company Groupand, except that during such period, the Company shall, and shall cause each of the Company Subsidiaries to, furnish promptly to Parent and its Representatives any information concerning its business, Taxes, properties or personnel as Parent may restrict reasonably request, including (i) any report, schedule and other document filed or otherwise prohibit access to furnished by it with the SEC and any documents or information material communication (including “comment letters”) received by the Company from the SEC in respect of such filings, and (ii) internal monthly consolidated financial statements of the Company and the Company Subsidiaries, to the extent thatprepared in the ordinary course of business consistent with past practice; provided, (a) however, that no information or knowledge obtained by Parent in any applicable Law investigation conducted pursuant to the access contemplated by this Section 5.03 shall affect or regulation requires be deemed to modify any representation or warranty of the Company Group to restrict set forth in this Agreement or otherwise prohibit access impair the rights and remedies available to such documents or information; (b) access Parent and Merger Sub hereunder. Subject to such documents or information would give rise to a material risk compliance with applicable Law, from the date hereof until the earlier of waiving any attorney-client privilegethe termination of this Agreement and the Effective Time, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party shall confer from time to time as reasonably requested by Parent with Parent or otherwise bound would violate its Representatives to discuss any material changes or cause a default pursuant to, or give any Person the right to terminate or accelerate the rights pursuant to, such Contract; (d) access would result developments in the disclosure operational matters of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; or (e) such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its Affiliates, on the one hand, and Parent and its Affiliates, on general status of the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require ongoing operations of the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other informationCompany. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 5.03 shall be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group and the Company Subsidiaries or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties or any of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable LawSubsidiaries. The terms and conditions of the Confidentiality Agreement will shall apply to any information obtained by Parent or any of its Representatives or employees in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to the General Counsel of the Company, or another person designated by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right5.03.
Appears in 1 contract
Samples: Merger Agreement (Helix TCS, Inc.)
Access. At all times (a) For purposes of furthering the transactions contemplated hereby, the Company shall afford Parent and its representatives reasonable access during normal business hours upon reasonable advance notice to the Company, throughout the period commencing with from the execution and delivery of this Agreement and continuing Put Option Date until the earlier to occur of the termination of this Agreement pursuant to Article IX and the ClosingClosing Date, the Company will (and will cause to its Subsidiaries to) afford Parent and its Representatives reasonable access during normal business hoursSubsidiaries’ personnel, upon reasonable advance notice, to the properties, offices and other facilitiesContracts, Contractscommitments, books and records and such other information concerning its business, properties and personnel as Parent may reasonably request. Notwithstanding anything to the contrary contained in this Section 6.2(a), any document, correspondence or information or other access provided pursuant to this Section 6.2(a) may be redacted or otherwise limited to the extent required to prevent disclosure of information concerning the valuation of the Company, Parent, Purchaser and the Transactions or other similarly confidential or competitively sensitive information. All access pursuant to this Section 6.2(a) shall be (i) conducted in such a manner as not to interfere unreasonably with the normal operations of the Company Group, except that or any of its Subsidiaries and (ii) coordinated through the General Counsel of the Company may restrict or otherwise prohibit access to any documents or information to the extent that, (a) any applicable Law or regulation requires the Company Group to restrict or otherwise prohibit access to such documents or information; a designee thereof.
(b) access In the event of (i) an occurrence which would make it reasonably likely that any of the conditions set forth in Section 7.2(a), Section 7.2(b) or Section 7.2(c) would not be met, and the Company or the Seller Representatives need such information from Parent to make such documents determination, at the Company or a Seller Representative’s request, representatives of Parent will meet with the Company and/or the Seller Representatives and provide the Company and the Seller Representatives with information would give rise reasonably requested in connection with the foregoing.
(c) Notwithstanding anything to a material risk the contrary contained in this Section 6.2, none of waiving the Sellers, the Company nor Parent, as applicable, nor any of their respective Subsidiaries shall be required to provide any access, or make available any document, correspondence or information, if doing so would, in the judgment of its legal counsel, (i) jeopardize the attorney-client privilegeprivilege of such Seller, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group is a party or otherwise bound would violate or cause a default pursuant toParent, as applicable, or give any Person the right to terminate or accelerate the rights pursuant toof its Subsidiaries, such Contract; (dii) access would result in the disclosure of any material trade secrets of Persons in a manner that would result in any such trade secrets no longer being protected as such under applicable Law following such disclosure; third parties or (eiii) violate any (A) Law or COVID-19 Measures applicable to such documents or information are reasonably pertinent to any adverse Legal Proceeding between the Company and its AffiliatesSeller, on the one hand, and Parent and its Affiliates, on the other hand. Subject to Section 7.19, nothing in this Section 7.4 will be construed to require the Company Group or any of its Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will be conducted in a manner that does not unreasonably and materially interfere with the conduct of the business of the Company Group or create a material risk of damage or destruction to any property or assets of the Company Group. Any access to the properties of the Company Group will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or any of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4, other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in their respective Subsidiaries or the ordinary course assets, or operation of the business, of the Company or Parent, as applicable, or any of their ongoing business arrangements consistent respective Subsidiaries or (B) confidentiality agreement with past practicea third party to which such Seller, including the Company or Parent, as applicable, or any of their respective Subsidiaries is a party as of the date of this Agreement; provided, that in such instances the party withholding access shall provide written notice to the other party stating that it is withholding such access or such information and stating the justification therefor, and shall use commercially reasonable efforts to provide the applicable information in a way that would not violate such Law or such confidentiality agreement, or jeopardize such privilege, or otherwise be restricted by this Section 6.2(c).
(d) Subject to Section 6.12(h), the Parties hereby agree that all information provided to them or their respective representatives in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligations. All requests for access pursuant to this Section 7.4 must be directed to Agreement and the General Counsel consummation of the Companytransactions contemplated hereby shall be governed in accordance with the Nondisclosure Agreement, or another person designated by the Company. In the event that dated as of January 27, 2022, between the Company objects to any request submitted pursuant to this Section 7.4 on and Parent (the basis of one or more of the matters set forth “Confidentiality Agreement”), which shall continue in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, full force and effect in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and accordance with its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration rightterms.
Appears in 1 contract
Samples: Share Purchase and Contribution Agreement (Concentrix Corp)
Access. At all times during the period commencing with the execution and delivery of this Agreement and continuing until the earlier to occur of the termination of this Agreement pursuant to Article IX VIII and the ClosingEffective Time, the Company will (and will cause its Subsidiaries to) shall afford Parent and its Representatives reasonable access access, consistent with applicable Law, during normal business hours, upon reasonable advance notice, to the properties, offices and other facilities, Contracts, books and records and personnel of the Company GroupCompany, except that the Company may restrict or otherwise prohibit access to any documents or information to the extent that, that (a) any applicable Law or regulation Contract requires the Company Group to restrict or otherwise prohibit access to such documents or information; (b) access to such documents or information would give rise to a material risk of waiving any attorney-client privilege, work product doctrine or other privilege applicable to such documents or information; (c) access to a Contract to which the Company Group or any of its Subsidiaries is a party or otherwise bound would violate or cause a default pursuant to, or give any a third Person the right to terminate or accelerate the rights pursuant to, such Contract; or (d) access would result in the disclosure of any material trade secrets (including source code) of Persons the Company, any of its Subsidiaries or any third Persons; it being agreed that, in a manner the event that would result in the Company or any such trade secrets no longer being protected as such of its Subsidiaries asserts that any restrictions under applicable Law following such disclosure; or clauses (ea) such documents or information are reasonably pertinent to any adverse Legal Proceeding between through (d) applies, the Company and its Affiliates, on the one hand, Subsidiaries shall use reasonable best efforts to design and implement alternative disclosure arrangements to enable Parent and its AffiliatesRepresentatives to evaluate any such information without violating such restrictions (including, on in the other handcase of trade secrets, by providing access to such information pursuant to a customary clean team agreement). Subject to Section 7.19, nothing Nothing in this Section 7.4 will 6.8 shall be construed to require the Company Group Company, any of its Subsidiaries or any of its their respective Representatives to prepare any reports, analyses, appraisals, opinions or other information. Any investigation conducted pursuant to the access contemplated by this Section 7.4 will 6.8 shall be conducted in a manner that (i) does not unreasonably and materially interfere with the conduct of the business of the Company Group and its Subsidiaries or otherwise result in any significant interference with the prompt and timely discharge by officers, employees and other authorized Representatives of the Company or any of its Subsidiaries of their normal duties or (ii) would create a material an unreasonable risk of damage or destruction to any property or assets of the Company Groupor its Subsidiaries. Any access to the properties of the Company Group and its Subsidiaries will be subject to the Company’s reasonable security measures and insurance requirements and will not include the right to perform invasive testing. Notwithstanding anything to the contrary in this Agreement, the Company may satisfy its obligations set forth above by electronic means if physical access is not permitted under applicable Law. The terms and conditions of the Confidentiality Agreement will apply to any information obtained by Parent or subsurface testing or any sampling, monitoring or analysis of its Representatives in connection with any investigation conducted pursuant to the access contemplated by this Section 7.4soil, groundwater, building materials, indoor air, or other than any information that has been made, is or becomes available to Parent or any of its Representatives by or from the Company or any of its Representatives in the ordinary course of their ongoing business arrangements consistent with past practice, including in connection with Parent’s preparation of its consolidated financial statements or its public reporting obligationsenvironmental media. All requests for access pursuant to this Section 7.4 6.8 must be directed to the General Counsel of the Company, or another person designated in writing by the Company. In the event that the Company objects to any request submitted pursuant to this Section 7.4 on the basis of one or more of the matters set forth in clauses (a) to (e) of this Section 7.4, it must do so by providing Parent, in reasonable detail, the nature of what is being prevented and/or withheld and the reasons therefor, and prior to preventing such access or withholding such information or documents from Parent and its Representatives, the Company shall cooperate with Parent to make appropriate substitute arrangements to permit reasonable substitute access or disclosure, including through the use of reasonable best efforts to take such actions and implement appropriate and mutually agreeable measures to as promptly as practicable permit such access and the furnishing of such information and documents in a manner to remove the basis for the objection, including by arrangement of appropriate “counsel-to-counsel” disclosure, clean room procedures, redaction and other customary procedures, entry into a customary joint defense agreement and, with respect to the contractual termination or acceleration right contemplated by clause (c) of this Section 7.4, obtaining a waiver with respect to or consent under such contractual termination or acceleration right.
Appears in 1 contract
Samples: Merger Agreement (Cambrex Corp)