Common use of Exon-Xxxxxx Clause in Contracts

Exon-Xxxxxx. Any of the following shall have occurred: (a) the review period under Section 721 of Title VII of the Defense Production Act of 1950, as amended (the “Exon-Xxxxxx Act”), during which the President of the United States (the “President”) or his designee may commence an investigation of the transactions contemplated by this Agreement, shall have expired without such investigation having been commenced; or (b) such investigation shall have been commenced and (i) the period under the Exon-Xxxxxx Act during which such investigation must be completed shall have expired or Purchaser shall have received notice that such investigation has been completed and (ii) the period under the Exon-Xxxxxx Act during which the President may announce his decision to take action to suspend, prohibit or place any limitations on the transactions contemplated by this Agreement shall have expired without any such action being threatened, announced, or taken or (c) the President shall have announced a decision not to take any such action.

Appears in 2 contracts

Samples: Sample Convertible Preferred Stock Purchase Agreement, Sample Convertible Preferred Stock Purchase Agreement

AutoNDA by SimpleDocs

Exon-Xxxxxx. Any of the following shall have occurred: (a) the review period under Section 721 of Title VII of the Defense Production Act of 1950, as amended (the "Exon-Xxxxxx Act"), during which the President of the United States (the "President") or his designee may commence an investigation of the transactions contemplated by this Agreement, shall have expired without such investigation having been commenced; or (b) such investigation shall have been commenced and (i) the period under the Exon-Xxxxxx Act during which such investigation must be completed shall have expired or Purchaser shall have received notice that such investigation has been completed and (ii) the period under the Exon-Xxxxxx Act during which the President may announce his decision to take action to suspend, prohibit or place any limitations on the transactions contemplated by this Agreement shall have expired without any such action being threatened, announced, or taken or (c) the President shall have announced a decision not to take any such action.

Appears in 2 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.