Common use of Competing Offers Clause in Contracts

Competing Offers. If an event identified in Section 3(b)(i)(A) occurs and shall not have been withdrawn or terminated, the Investor Group shall be permitted to take such action and make such offers as may be considered to be of the same nature and type of action or offer and for the same resulting number of shares as that which is being taken by the Triggering Person; provided that the Investor Group may only acquire that number of shares which when added to the number of shares already owned by the Investor Group shall not exceed the number of shares Beneficially Owned (as defined without excluding paragraph (d) of Rule 13d-3) and to be acquired (assuming any proposals or offers to purchase have been consummated) by the Triggering Person. In proceeding with any action or offer permitted under this Section 3(b)(ii), the Investor Group shall be permitted to offer more favorable terms such as price, cash versus securities or other such terms as may be consistent with an offer of the same nature and type of consideration as that which is being proposed by the Triggering Person.

Appears in 3 contracts

Samples: Investor Agreement (Sonera Corp), Investor Agreement (Voicestream Wireless Corp), Investor Agreement (Voicestream Wireless Holding Corp)

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Competing Offers. If an event identified in Section 3(b)(i)(A3(c)(i)(A) occurs and shall not have been withdrawn or terminated, the Investor Group shall be permitted to take such action and make such offers as may be considered to be of the same nature and type of action or offer and for the same resulting number of shares as that which is being taken by the Triggering Person; provided that the Investor Group may only acquire that number of shares which when added to the number of shares already owned by the Investor Group shall not exceed the number of shares Beneficially Owned (as defined without excluding paragraph (d) of Rule 13d-3) and acquired or to be acquired (assuming any proposals or offers to purchase have been consummated) by the Triggering Person. In proceeding with any action or offer permitted under this Section 3(b)(ii3(c)(ii), the Investor Group shall be permitted to offer more favorable terms such as price, cash versus securities or other such terms as may be consistent with an offer of the same nature and type of consideration as that which is being proposed by the Triggering Person.

Appears in 2 contracts

Samples: Investor Agreement (Hutchison Whampoa LTD /Wav), Investor Agreement (Voicestream Wireless Corp /De)

Competing Offers. If any event identified in Section 3(a) occurs, except an event identified in Section 3(b)(i)(A) occurs and shall not have been withdrawn or terminated3(a)(ii), the Investor Group shall be permitted to take such action and make such offers as may be considered to be of the same nature and type of action or offer and directed to the same person or persons and for the same resulting number of shares as that which is being taken by the Triggering Personsuch person or 13D Group; provided that the Investor Group may only acquire that number of shares which when added to the number of shares already owned by the Investor Group shall not exceed the number of shares Beneficially Owned (as defined without excluding paragraph (d) of Rule 13d-3) and acquired or to be acquired (assuming any proposals or offers to purchase have been consummated) by the Triggering Personsuch person or 13D Group. In proceeding with any action or offer permitted under this Section 3(b)(ii3(b), the Investor Group shall be permitted to offer more favorable terms such as price, cash versus securities or other such terms as may be consistent with an offer of the same nature and type of consideration as that which is being proposed by the Triggering Person.such person or 13D Group. For example (but without limitation):

Appears in 1 contract

Samples: Standstill Agreement (Rosetta Inpharmatics Inc)

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Competing Offers. If an event identified in Section 3(b)(i)(A3(a) occurs and shall not have been withdrawn or terminatedoccurs, ---------------- the Investor Group shall be permitted to take such action and make such offers as may be considered to be of the same nature and type of action or offer and for the same resulting number of shares as that which is being taken by the Triggering Person; provided that the Investor Group may only acquire that number of shares which when added to the number of shares already owned by the Investor Group shall not exceed the number of shares Beneficially Owned (as defined without excluding paragraph (d) of Rule 13d-3) and acquired or to be acquired (assuming any proposals or offers to purchase have been consummated) by the Triggering Person. In proceeding with any action or offer permitted under this Section 3(b)(ii3(b), the Investor Group shall be permitted to offer more favorable terms such as price, cash versus securities or other such terms as may be consistent with an offer of the same nature and type of consideration as that which is being proposed by the Triggering Person.. For example (but without limitation):

Appears in 1 contract

Samples: Standstill Agreement (Chemdex Corp)

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