Agreement of Paperboard Group and Xxxxx Sample Clauses

Agreement of Paperboard Group and Xxxxx. Each of the Paperboard Group and Xxxxx, hereby covenants and agrees that during the term of this Agreement, the Paperboard Group or Xxxxx, as the case may be, will cause all future acquisition opportunities that are made available to the Paperboard Group or Xxxxx, as the case may be, and, to the extent applicable, all future expansion opportunities that arise within their respective organizations, which involve the same Business, as defined in Section 1.1.4, as the Corporation, or which would serve the objectives described in the last Whereas clause in the preamble to this Agreement, anywhere in the world, to be directed and presented initially to the Corporation for determination as to whether the opportunities should be pursued by the Corporation. In the event the Corporation, acting through its Board of Directors (with the Paperboard Group's Board nominees abstaining from voting and/or Xxxxx, as the case may be), determines not to pursue any such opportunity or fails to take any action within 60 days (or such shorter time as is inherent in the proposal), the Paperboard Group or Xxxxx, as the case may be shall be free to pursue such opportunity.
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Related to Agreement of Paperboard Group and Xxxxx

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