Common use of Failure to Agree; Mutual Termination; Termination After Execution of Documentation Clause in Contracts

Failure to Agree; Mutual Termination; Termination After Execution of Documentation. (a) If the Parties, after good faith endeavors to pursue the Transaction in compliance with the other sections of this Agreement, are unable to agree by the expiration of the Exclusivity Period either (i) as between themselves upon the material terms of the Transaction or (ii) with the Special Committee on the material terms of a transaction which the Special Committee agrees to recommend to the public shareholders of the Target, then (A) a Party may cease its participation in the Transaction upon prior written notice to the other Parties; and (B) this Agreement shall terminate with respect to such withdrawing Party thereafter, following which the provisions of Section 6.02(a) will apply.

Appears in 6 contracts

Samples: Consortium Agreement (Wu Hao), Consortium Agreement (Ding Kai), Consortium Agreement (Shi Bin)

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Failure to Agree; Mutual Termination; Termination After Execution of Documentation. (a) If Prior to the execution of the Merger Agreement, if the Parties, after good faith endeavors to pursue the Transaction in compliance with the other sections of this Agreement, are unable to agree by the expiration of the Exclusivity Period either (i) as between themselves upon the material terms of the Transaction or (ii) with the Special Committee on the material terms of a transaction the Transaction which the Special Committee agrees to recommend to the public shareholders of the Target, then (A) a any Party may cease its participation in the Transaction upon prior written notice to the other Parties; and (B) this Agreement shall terminate with respect to such withdrawing Party thereafter, following which the provisions of Section 6.02(a) will apply.

Appears in 3 contracts

Samples: Consortium Agreement (Alibaba Group Holding LTD), Consortium Agreement (Sequoia Capital China Growth Fund I LP), Consortium Agreement (Tang Yan)

Failure to Agree; Mutual Termination; Termination After Execution of Documentation. (a) If the Parties, after good faith endeavors to pursue the Transaction in compliance with the other sections of this Agreement, are unable to agree by the expiration of the Exclusivity Period either (i) as between themselves upon the material terms of the Transaction or (ii) with the Special Committee on the material terms of a transaction which the Special Committee agrees to recommend to the public shareholders of the Target, then (A) a Party may cease his/its participation in the Transaction upon prior written notice to the other Parties; and (B) this Agreement shall terminate with respect to such withdrawing Party thereafter, following which the provisions of Section 6.02(a) will apply.

Appears in 3 contracts

Samples: Consortium Agreement (Guo Man), Consortium Agreement (Lei Jun), Consortium Agreement (Guo Man)

Failure to Agree; Mutual Termination; Termination After Execution of Documentation. (a) If the Parties, after good faith endeavors to pursue the Transaction in compliance with the other sections of this Agreement, are unable to agree by the expiration of the Exclusivity Period either (i) as between themselves upon the material terms of the Transaction or (ii) with the Special Committee on the material terms of a transaction which the Special Committee agrees to recommend to the public shareholders of the Target, then (A) a Party may cease its participation in the Transaction upon prior written notice to the other Parties; and (B) this Agreement shall terminate with respect to such withdrawing Party thereafter, following which the provisions of Section 6.02(a) will apply.

Appears in 2 contracts

Samples: Consortium Agreement (Zhou Xin), Consortium Agreement (Zhou Xin)

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Failure to Agree; Mutual Termination; Termination After Execution of Documentation. (a) If the Parties, after good faith endeavors to pursue the Transaction in compliance with the other sections of this Agreement, are unable to agree by the expiration of the Exclusivity Period either (i) as between themselves upon the material terms of the Transaction or (ii) with the Special Committee on the material terms of a transaction which the Special Committee agrees to recommend to the public shareholders of the Target, then (A) a Party may cease its participation in the Transaction upon prior written notice to the other Parties; and (B) this Agreement shall terminate with respect to such withdrawing Party thereafter, following which the provisions of Section 6.02(a5.02(a) will apply.

Appears in 1 contract

Samples: Consortium Agreement (Poly Victory Investments LTD)

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