Common use of Fiduciary Event Clause in Contracts

Fiduciary Event. A "Fiduciary Event" shall have occurred when the board of directors of Keystone has (a) received in writing a Superior Proposal that is then pending, (b) determined in good faith (based on the advice of legal counsel) that its fiduciary duties to Keystone’s shareholders under applicable law would require the board of directors to withdraw, modify, or change its recommendation, and (c) determined to accept and recommend the Superior Proposal to the shareholders of Keystone.

Fiduciary Event. A "Fiduciary Event" shall have occurred when the board of directors of Keystone Home has (a) received in writing a "Superior Proposal Proposal" (defined below) that is then pending, (b) determined in good faith (based on the advice of legal counsel) that its fiduciary duties to Keystone’s Home's shareholders under applicable law would require the board of directors to so withdraw, modify, or change its recommendation, and (c) determined to accept and recommend the Superior Proposal to the shareholders of KeystoneHome.

Fiduciary Event. A "Fiduciary Event" shall have occurred when the board of directors of Keystone a Corporation has (a) received in writing a Superior Proposal that is then pending, (b) determined in good faith (based on the advice of legal counsel) that its fiduciary duties to Keystone’s such Corporation's shareholders under applicable law would require the board of directors to withdraw, modify, or change its recommendation, and (c) determined to accept and recommend the Superior Proposal to the shareholders of Keystonesuch Corporation.

Fiduciary Event. A "Fiduciary Event" shall have occurred when the board of directors of Keystone Company has (a) received in writing a Superior Proposal (defined below) that is then pending, (b) determined in good faith (based on the advice of legal counsel) that its fiduciary duties to Keystone’s Company's shareholders under applicable law would require the board of directors to withdraw, modify, or change its recommendation, and (c) determined to accept and recommend the Superior Proposal to the shareholders of KeystoneCompany.

Fiduciary Event. A "“Fiduciary Event" ” shall have occurred when the board of directors of Keystone Fidelity has (a) received in writing a Superior Proposal that is then pending, (b) determined in good faith (based on the advice of legal counsel) that its fiduciary duties to KeystoneFidelity’s shareholders under applicable law would require the board of directors to withdraw, modify, or change its recommendation, and (c) determined to accept and recommend the Superior Proposal to the shareholders of KeystoneFidelity.