Bidco undertakes Clause Samples

The "Bidco undertakes" clause sets out specific promises or commitments that Bidco, the acquiring company in a transaction, agrees to fulfill. Typically, these undertakings may include obligations such as providing information, taking certain actions, or refraining from particular activities during the course of the deal. For example, Bidco might undertake to obtain regulatory approvals or to maintain confidentiality regarding sensitive information. The core function of this clause is to ensure that Bidco is contractually bound to perform certain actions or meet specific standards, thereby providing assurance and clarity to the other parties involved in the transaction.
Bidco undertakes. 6.1.1 not to object to, and co-operate in good faith with Target in relation to the Sanction Hearing being convened as soon as reasonably practicable after (provided that the date of the Sanction Hearing shall not be a date which is earlier than a date eight Business Days after) the satisfaction or waiver of the Scheme Conditions and the Regulatory Conditions; 6.1.2 not to object to, and co-operate in good faith with Target and take such steps as are necessary or reasonably desirable in relation to, the Scheme being implemented as soon as reasonably practicable following the satisfaction of the Scheme Condition relating to sanction of the Scheme by the Court; 6.1.3 by no later than the Business Day prior to the Sanction Hearing, to deliver a written notice to Target confirming either: (i) the satisfaction of all Conditions or waiver of all Conditions that are yet to be satisfied (other than the Scheme Condition relating to the sanction of the Scheme by the Court); or (ii) its intention to invoke a Condition (if permitted by the Panel), in which case Bidco shall provide Target with details of the event which has occurred, or circumstances which have arisen, which Bidco reasonably considers to be sufficiently material for the Panel to permit Bidco to invoke the Condition or treat it as unsatisfied or incapable of satisfaction, and, if and to the extent that all of the Conditions (other than the Scheme Condition relating to the sanction of the Scheme by the Court) have been satisfied or, where permissible, waived, Bidco shall, either: (a) instruct counsel to appear on Bidco’s behalf at the Sanction Hearing and to undertake to the Court to be bound by the terms of the Scheme insofar as it relates to Bidco; or (b) notify Target that it agrees to be bound by Target’s counsel and undertakes to the Court to be bound by the terms of the Scheme. Bidco shall provide such documentation or information as may reasonably be required by Target’s counsel or the Court in relation to such undertaking.
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Bidco undertakes. 4.4.1 that the first closing date of the Offer shall be the later of (i) 4 January 2016 or (ii) the date which is 20 Business Days after the date of the Offer Document; and 4.4.2 immediately after the Offer becomes or is declared unconditional as to acceptances, to deliver a notice in writing to the Company either: (i) confirming the satisfaction or waiver of all Conditions; or (ii) confirming its intention to request the Panel to permit invocation of a Condition and providing reasonable details of the grounds on which it intends to request the Panel to permit invocation of the relevant Condition that are of material significance in the context of the Offer.
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Bidco undertakes. 4.1.1 to provide promptly to Target (and/or its legal advisers) all such information about itself, the Bidco Directors and the Bidco Group as may be reasonably requested and which is required for the purpose of inclusion in the Scheme Document (including any information required under applicable Law or the Code regarding the intentions of Bidco) and to provide all other assistance and access (including to Personnel) which may be reasonably required for the preparation of the Scheme Document (and any other document required by applicable Law or under the Code to be published in connection with the Scheme, including any supplemental circular), including access to, and ensuring that reasonable assistance is provided by, its professional advisers; and 4.1.2 to procure the Bidco Directors (and any other person connected with Bidco, as required by the Panel) accept responsibility, in the terms required in the Code, for all of the information in the Scheme Document (and any other document required by applicable law or under the Code to be published in connection with the Scheme) relating to: (A) the Bidco Directors (and their close relatives (as defined in the Code), connected persons or related trusts) or the Bidco Group; (B) financing of the Acquisition; (C) information on Bidco’s intentions and future plans for the Target Group and its business, places of business, management and employees; (D) any statements of the opinion, belief or expectation of Bidco or the Bidco Directors in relation to the Acquisition or the enlarged Bidco Group following the completion of the Acquisition; (E) and any other information in the Scheme Document for which a bidder is required to accept responsibility under applicable Law or the Code.
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Related to Bidco undertakes

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  • Additional Agreements; Reasonable Efforts Subject to the terms and conditions herein provided, each of the parties hereto agrees to use all reasonable efforts to take, or cause to be taken, all action, and to do, or cause to be done, all things reasonably necessary, proper or advisable under applicable laws and regulations to consummate and make effective the transactions contemplated by this Agreement, including, without limitation, (i) cooperating in the preparation and filing of the 8-K, any filings that may be required under the HSR Act, and any amendments to any thereof; (ii) obtaining consents of all third parties and Governmental Entities necessary, proper or advisable for the consummation of the transactions contemplated by this Agreement; (iii) contesting any legal proceeding relating to the Merger and (iv) the execution of any additional instruments necessary to consummate the transactions contemplated hereby. Subject to the terms and conditions of this Agreement, TCG and WWNI agree to use all reasonable efforts to cause the Effective Time to occur as soon as practicable after the stockholder votes with respect to the Merger. In case at any time after the Effective Time any further action is necessary to carry out the purposes of this Agreement, the proper officers and directors of each party hereto shall take all such necessary action.