Business Updates. Following the date on which an Other Initial Investor (or such Related Management Individual, as applicable) is no longer an employee of the Company or its subsidiaries or a member of the Board, no more than semi-annually, such Other Initial Investor shall have the right to request the Company provide such Other Initial Investor with an update on the general business of the Company solely for the purpose of such Other Initial Investor monitoring its investment in the Company. The Company shall have sole discretion to determine the type, scope and detail of the information or other details to be provided to such Other Initial Investor in connection with such update. Each Other Initial Investor acknowledges that the Company does intend to provide such Other Initial Investor with any of the information contemplated by Section 1(c)(i) herein.
Business Updates. EGX will respond to Authority requests for the information described below within a commercially reasonable time period that does not interfere with EGX’s ongoing business activities:
6.10.1. Number of jobs in NM,
6.10.2. Number/value of contracts held with NM based companies,
6.10.3. Value of taxes paid in NM, and
6.10.4. Other spending or economic impact in NM.
Business Updates. EXOS will respond to Authority requests for the information described below within a commercially reasonable time period that does not interfere with EXOS’s ongoing business activities:
5.10.1. Number of jobs in NM,
5.10.2. Number/value of contracts held with NM based companies,
5.10.3. Value of taxes paid in NM, and
5.10.4. Other spending or economic impact in NM.
Business Updates. From the date of this agreement up to and including the earlier of the Implementation Date and termination of this agreement in accordance with its terms, Target must use reasonable endeavours to notify Bidder in writing of any of the following matters of which Target becomes aware, and such written notification must include a reasonable summary of the relevant matter to the extent the details are known to Target:
(a) events, facts, matters or circumstances which have had, or are reasonably likely to have, a material adverse effect on:
(i) the financial or operational performance of, or the reputation of, the Target Group (taken as a whole); or
(ii) the Target Group’s relationships with Regulatory Authorities or counterparties to Material Contracts;
(b) changes to the composition of Target’s executive management team;
(c) any Pre Sale Contract is not valid, binding and enforceable;
(d) any material breach of this agreement by Target; and
(e) any material issues or concerns raised by the ATO or any other Regulatory Authority. Where the ATO or any other Regulatory Authority raises material issues or concerns of a kind referred to in clause 6.8(e) Target must consult with Bidder in good faith in relation to the manner in which such issues or concerns are addressed, and must keep Bidder reasonably informed of material discussions or communications with the ATO or relevant Regulatory Authority in relation to such issues or concerns.
Business Updates. In addition to any requirements set forth in this Agreement, Borrower shall provide to Lender, on a monthly basis during the term of the Loan written updates of (i) any planned, proposed or anticipated changes to its existing business plans or operations, or (ii) any changed or expected changes to its financial condition that has not been otherwise disclosed in any required public filings. Notwithstanding the foregoing, Lender acknowledges and agrees that it cannot buy or sell the securities of Parent on the basis of material, non-public information about Borrower, Parent or any other Affiliate of Borrower.
