Common use of General Prohibitions Clause in Contracts

General Prohibitions. Neither the Company (or the Board of Directors) nor any of the Company’s Subsidiaries shall, nor shall the Company or any of its Subsidiaries authorize or permit any of its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) to, directly or indirectly, (i) solicit, initiate, induce, explore or knowingly take any action to facilitate or encourage the submission or announcement of any Acquisition Proposal, or any inquiries, proposals or offers that may reasonably be expected to lead to an Acquisition Proposal (including through the furnishing of any information), (ii) enter into or participate in any discussions or negotiations with, furnish any information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to or otherwise cooperate in any way with, assist or facilitate any Third Party that is seeking to make, or has made, an Acquisition Proposal, (iii) fail to make, withdraw or modify in a manner adverse to Parent (or publicly propose to withdraw or modify in a manner adverse to Parent) the Company Board Recommendation (or approve, recommend, or declare advisable an Acquisition Proposal) (any of the foregoing in this clause (iii), an “Adverse Recommendation Change”) or (iv) approve, recommend, declare advisable or enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating to an Acquisition Proposal or requiring the Company to abandon, terminate or fail to consummate the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (LoopNet, Inc.), Agreement and Plan of Merger (Costar Group Inc)

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General Prohibitions. Neither the Company (or the Board of Directors) nor any of the Company’s its Subsidiaries shall, nor shall the Company or any of its Subsidiaries authorize or permit any of its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) to, directly or indirectly, (i) solicit, initiate, induce, explore initiate or knowingly take any action to facilitate or encourage the submission or announcement of any Acquisition Proposal, or any inquiries, proposals or offers that may reasonably be expected to lead to an Acquisition Proposal (including through the furnishing of any information), (ii) enter into or participate in any discussions or negotiations with, furnish any information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to to, or otherwise cooperate in any way with, assist or facilitate with any Third Party that is seeking to make, or has made, or, to the Company’s knowledge, is considering making, an Acquisition Proposal, (iii) fail to make, withdraw or modify in a manner adverse to Parent (or publicly propose to withdraw or modify in a manner adverse to Parent) the Company Board Recommendation (or approveor, recommendsubject to the last paragraph of Section 6.03(b), or declare advisable fail to reject an Acquisition Proposal) (any of the foregoing in this clause (iii), an “Adverse Recommendation Change”) or ), (iv) approve, recommend, declare advisable or enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating to an Acquisition Proposal or requiring (v) fail to take all action necessary to enforce, or waive or amend, any confidentiality, standstill or similar agreement to which the Company to abandon, terminate or fail to consummate the transactions contemplated by this Agreementany of its Subsidiaries is a party or otherwise bound.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (MSC Software Corp), Agreement and Plan of Merger (STG Ugp, LLC)

General Prohibitions. Neither Except as permitted by Section 6.02(b), the Company (or the Board of Directors) nor any of the Company’s and its Subsidiaries shallshall not, nor shall and the Company or any of shall use its Subsidiaries authorize or permit any of reasonable best efforts to cause its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) not to, directly or indirectly, (i) solicit, initiate, induce, explore initiate or knowingly take any action to knowingly facilitate or knowingly encourage the submission or announcement of any Acquisition Proposal, or any inquiries, proposals or offers that may reasonably be expected to lead to an Acquisition Proposal (including through the furnishing of any information), (ii) enter into or participate in any discussions or negotiations withwith any Third Party regarding an Acquisition Proposal or that would reasonably be expected to lead to an Acquisition Proposal, or furnish any non-public information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to or otherwise cooperate in any way with, assist or facilitate any Third Party that is seeking to make, or has made, an Acquisition Proposalin connection with the foregoing, (iii) fail to makewithhold, withdraw or modify in a manner adverse to Parent (or publicly propose to withdraw withdraw, amend, qualify or modify in a manner adverse to Parent) , or publicly propose to withhold, withdraw, amend, qualify or modify in a manner adverse to Parent, the Company Board Recommendation (or publicly approve, recommend, publicly endorse or declare advisable recommend an Acquisition Proposal) (any of the foregoing in this clause (iii), an “Adverse Recommendation Change”) or (iv) approve, recommend, declare advisable or enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating to an Acquisition Proposal (other than an Acceptable Confidentiality Agreement). Any breach of this Section 6.02 by the Company’s officers or requiring directors or any of the Company to abandon, terminate Company’s or fail to consummate its Subsidiaries’ Representatives shall be deemed a breach by the transactions contemplated by this AgreementCompany.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Brookfield Asset Management Inc.), Agreement and Plan of Merger (Oaktree Capital Group, LLC)

General Prohibitions. Neither the Company (or the Board of Directors) nor any of the Company’s its Subsidiaries shall, nor shall the Company or any of its Subsidiaries authorize or permit any of its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) to, directly or indirectly, (i) solicit, initiate, induce, explore initiate or knowingly take any action to knowingly facilitate or encourage the submission or announcement of any Acquisition Proposalencourage, or any inquiries, proposals or offers that may which could reasonably be expected to lead to an Acquisition Proposal (including through to, the furnishing submission of any information)Company Acquisition Proposal, (ii) enter into or participate in any discussions or negotiations with, furnish any information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to or to, otherwise cooperate in any way with, assist or knowingly assist, participate in, knowingly facilitate or encourage any effort by any Third Party that is seeking has expressed an intent to make, or has made, an a Company Acquisition Proposal, (iii) enter into any merger agreement, letter of intent, agreement in principle, share purchase agreement, asset purchase agreement, share exchange agreement, option agreement or other similar contract relating to a Company Acquisition Proposal, (iv) fail to make, withdraw or modify in a manner adverse to Parent (or publicly propose to withdraw or modify in a manner adverse to Parent) , the Company Board Recommendation (or approve, recommend, recommend a Company Acquisition Proposal or declare advisable an Acquisition Proposaltake any action or make any statement inconsistent with the Company Board Recommendation) (any of the foregoing in this clause (iiiiv), an “Adverse Company Recommendation Change”) ), or (ivv) approveresolve or propose to do any of the foregoing. The Company shall, recommendand shall cause its Subsidiaries and its and their Representatives to, declare advisable cease immediately and cause to be terminated any and all existing activities, discussions or enter into negotiations, if any, with any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating Third Party and its Representatives and its financing sources conducted prior to an the date hereof with respect to any Company Acquisition Proposal or requiring the Company to abandon, terminate or fail to consummate the transactions contemplated by this AgreementProposal.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alloy Inc)

General Prohibitions. Neither The Company and its Subsidiaries shall not, and the Company (or the Board of Directors) nor any of the Company’s Subsidiaries shall, nor shall the Company or any of use its Subsidiaries authorize or reasonable best efforts not to permit any of its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) to, directly or indirectly, (i) solicit, initiate, induce, explore initiate or knowingly take any action to knowingly facilitate or knowingly encourage the submission or announcement of any Acquisition Proposal, or any inquiries, proposals or offers that may reasonably be expected to lead to an Acquisition Proposal (including through the furnishing of any information), (ii) enter into or participate in any discussions or negotiations with, furnish any information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to to, or otherwise knowingly cooperate in any way with, assist or facilitate with any Third Party that is seeking to make, or has made, an Acquisition Proposal, (iii) fail to makewithhold, withdraw or modify in a manner adverse to Parent (or publicly propose to withdraw withdraw, amend, qualify or modify in a manner adverse to Parent) , or publicly propose to withhold, withdraw, amend, qualify or modify in a manner adverse to Parent, the Company Board Recommendation (or publicly approve, recommend, publicly endorse or declare advisable recommend an Acquisition Proposal) (any of the foregoing in this clause (iii‎(iii), an “Adverse Recommendation Change”) or (iv) approve, recommend, declare advisable or enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating to an Acquisition Proposal Proposal. Any breach of this ‎Section 6.03 by the Company’s officers or requiring directors or any of the Company’s or its Subsidiaries’ Representatives acting at the direction of an officer or director of the Company to abandon(and, terminate or fail to consummate for the transactions contemplated avoidance of doubt, only a breach by this Agreementsuch persons) shall be deemed a breach by the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Stewart Information Services Corp)

General Prohibitions. Neither Subject to Section 6.3(b), from the date hereof until the earlier to occur of the termination of this Agreement pursuant to ARTICLE 10 and the Effective Time, the Company (or the Board of Directors) nor any of the Company’s Subsidiaries shallshall not, nor and shall the Company or any of cause its Subsidiaries authorize or permit any of and its or and their respective directors, officers, directors, employees, investment bankers, attorneys, accountantsaccountants and other advisors or representatives (collectively, consultants or other agents or advisors (“Representatives”) not to, directly or indirectly, (i) solicit, initiate, induce, explore initiate or knowingly take any action to facilitate or encourage encourage, directly or indirectly, the submission or announcement of any Acquisition Proposal, or any inquiries, proposals or offers that may reasonably be expected to lead to an Acquisition Proposal (including through the furnishing of any information), (ii) enter into or participate in any discussions or negotiations with, furnish any non-public information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to or otherwise cooperate in any way with, assist or facilitate any Third Party in furtherance of any expression of interest, proposal or offer that is seeking constitutes or could reasonably be expected to make, or has made, result in an Acquisition Proposal, (iii) fail to make, withdraw or modify in a manner adverse to Parent (or publicly propose to withdraw or modify in a manner adverse to Parent) , the Company Board Recommendation (or approve, recommend, endorse or declare advisable recommend an Acquisition Proposal, or any proposal that would reasonably be expected to lead to an Acquisition Proposal, or make any public statement inconsistent with the Company Board Recommendation) (any of the foregoing in this clause (iii), an “Adverse Recommendation Change”) or ), (iv) approveamend, recommendmodify or grant any waiver or release under, declare advisable or fail to enforce, any standstill or similar agreement of the Company or any of its Subsidiaries or (v) enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating to an Acquisition Proposal or requiring the Company to abandon(other than an Acceptable Confidentiality Agreement permitted hereunder) (any such agreement, terminate or fail to consummate the transactions contemplated by this an “Alternative Acquisition Agreement”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Select Interior Concepts, Inc.)

General Prohibitions. Neither the Company (or the Board of Directors) nor any of the Company’s Subsidiaries shall, nor shall the Company or any of its Subsidiaries authorize or permit any of shall, and the Company and its or Subsidiaries shall cause its and their officers, directors, employees, investment bankers, attorneys, accountants, consultants or and other agents or advisors (“Representatives”) not to, directly or indirectly, (i) solicit, initiate, induce, explore initiate or knowingly take any action to facilitate or encourage the submission or announcement of any Acquisition Proposal, or any inquiries, proposals or offers that may reasonably be expected to lead to an Acquisition Proposal (including through the furnishing of any information), (ii) enter into or participate in any discussions or negotiations with, furnish any information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to to, or otherwise cooperate in any way with, assist or facilitate with any Third Party that is seeking to make, or has made, in connection with an Acquisition Proposal, (iii) fail to make, withdraw or modify in a manner adverse to Parent the Company Board Recommendation, fail to include the Company Board Recommendation in the Proxy Statement, recommend an Acquisition Proposal, or fail to recommend against any Acquisition Proposal within ten (10) Business Days after it is made public, or publicly propose to withdraw or modify in a manner adverse to Parent) do any of the Company Board Recommendation (or approve, recommend, or declare advisable an Acquisition Proposal) foregoing (any of the foregoing in this clause (iii), an “Adverse Recommendation Change”) or (iv) approve, recommend, declare advisable or enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating to an Acquisition Proposal or requiring the Company to abandon, terminate or fail to consummate the transactions contemplated by this AgreementProposal.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Affymetrix Inc)

General Prohibitions. Neither the Company (or the Board of Directors) nor any of the Company’s its Subsidiaries shall, nor shall the Company or any of its Subsidiaries authorize or permit any of its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) to, directly or indirectly, (iA) solicit, initiate, induce, explore initiate or knowingly take any action to facilitate or encourage the submission or announcement of any Acquisition Proposal, or any inquiries, proposals or offers that may reasonably be expected to lead to an Acquisition Proposal (including through the furnishing of any information), (iiB) enter into or participate in any discussions or negotiations with, furnish any information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to to, knowingly assist, participate in, facilitate or otherwise cooperate in encourage any way with, assist or facilitate effort by any Third Party that has made, is seeking to make, make or has made, could be reasonably expected to make an Acquisition Proposal, (iiiC) fail to make, withdraw or modify in a manner adverse to Parent (or publicly propose to withdraw or modify in a manner adverse to Parent) the Company Board 50 Recommendation (or approve, recommend, or declare advisable recommend an Acquisition ProposalProposal or knowingly take any action or make any statement inconsistent with the Company Board Recommendation) (any of the foregoing in this clause (iiiC), an “Adverse Recommendation Change”), (D) fail to enforce or grant any waiver or release under any standstill or similar agreement with respect to any class of equity securities of the Company or any of its Subsidiaries, (E) approve any business combination under the New Jersey Shareholders’ Protection Act or (ivF) approve, recommend, declare advisable or enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating to an Acquisition Proposal or requiring Proposal. It is agreed that any violation of the restrictions on the Company to abandon, terminate set forth in this Section by any Representative of the Company or fail to consummate any of its Subsidiaries shall be a breach of this Section by the transactions contemplated by this AgreementCompany.

Appears in 1 contract

Samples: Agreement and Plan of Merger (TE Connectivity Ltd.)

General Prohibitions. Neither Until the earlier of the Closing Date and the date of termination of this Agreement pursuant to the provisions of Article VII, the Seller Entities will not take, and shall cause the Company (or and its Subsidiaries not to take, nor will the Board of Directors) nor Seller Entities permit any of the Seller Entities, the Company’s Subsidiaries shallor its Subsidiaries’ officers, nor shall directors, consultants, employees, shareholders, partners, members, attorneys, investment advisors, accountants, agents or other representatives (collectively, “Representatives”) to (directly or indirectly), take, any of the Company following actions with any Person other than Purchaser or any of its Subsidiaries authorize or permit any of its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) to, directly or indirectly, Affiliates and designees: (i) solicit, initiate, induceseek, explore or knowingly take any action to encourage, facilitate or encourage induce the making, submission or announcement (except as to announcements required by applicable Law) of, any offer, indication of any Acquisition Proposalinterest or proposal, whether oral, written, or any inquiriesotherwise, proposals formal or offers that may reasonably be expected to lead to an Acquisition Proposal (including through informal, to, directly or indirectly, acquire the furnishing of any information), (ii) enter into or participate in any discussions or negotiations with, furnish any information relating to US Parent Subsidiary and the Company Target Subsidiaries or any portion of its Subsidiaries or afford access to the US Parent Subsidiary and the Target Subsidiaries’ business, propertiestaken as a whole, whether by purchase of assets, books exclusive license, purchase of stock, merger or records of the Company or any of its Subsidiaries to other business combination, or otherwise cooperate (but excluding sales of assets and licenses made in any way with, assist or facilitate any Third Party that is seeking to make, or has made, an Acquisition Proposal, (iii) fail to make, withdraw or modify in a manner adverse to Parent (or publicly propose to withdraw or modify in a manner adverse to Parent) the Company Board Recommendation (or approve, recommend, or declare advisable an Acquisition Proposalordinary course of business) (any of the foregoing being a “Competing Transaction Proposal”), (ii) disclose (except disclosures which the Seller Entities are obliged to make under applicable stock exchange rules or the laws of any competent jurisdiction) to any Person, or discuss with any Person, any confidential information relating to the Company and the Target Subsidiaries that would reasonably be expected to encourage or result in this clause the making of any Competing Transaction Proposal or in connection with any Competing Transaction Proposal, (iii)) enter into, an “Adverse Recommendation Change”) participate in, maintain or continue any communications or negotiations regarding any Competing Transaction Proposal, (iv) approveagree to, recommendaccept, declare advisable recommend or endorse (or publicly propose or announce any intention or desire to agree to, accept, recommend or endorse) any Competing Transaction Proposal, or (v) enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement contract or other similar instrument agreement relating to, or otherwise agree to an Acquisition Proposal or requiring the Company to abandonconsummate or effect, terminate or fail to consummate the transactions contemplated by this Agreementany Competing Transaction Proposal.

Appears in 1 contract

Samples: Share Purchase Agreement (Synnex Corp)

General Prohibitions. Neither the Company (or the Board of Directors) nor any of the Company’s its Subsidiaries shall, nor shall the Company or any of its Subsidiaries authorize or permit any of its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) to, directly or indirectly, (i) solicit, initiate, induce, explore initiate or knowingly take any action to knowingly facilitate or encourage the submission or announcement of any Acquisition Proposal, or any inquiries, proposals or offers that may reasonably be expected to lead to an Acquisition Proposal (including through the furnishing of any information), (ii) enter into or participate in any discussions or negotiations with, furnish any information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to or to, otherwise cooperate in any way with, assist or knowingly assist, participate in, facilitate or encourage any effort by any Third Party that is seeking to make, or has made, an Acquisition Proposal, (iii) fail to make, withdraw or modify in a manner adverse to Parent (or publicly propose to withdraw or modify in a manner adverse to Parent) the Company Board Recommendation (or approve, recommend, or declare advisable recommend an Acquisition ProposalProposal or take any action or make any statement inconsistent with the Company Board Recommendation) (any of the foregoing in this clause (iii), an “Adverse Recommendation Change”) or ), (iv) approvegrant any waiver or release under any standstill or similar agreement with respect to any class of equity securities of the Company or any of its Subsidiaries, recommend(v) approve any transaction under, declare advisable or any Person becoming an “interested stockholder” under, Section 203 of Delaware Law or (vi) enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating to an Acquisition Proposal or requiring Proposal. It is agreed that any violation of the restrictions on the Company to abandon, terminate set forth in this Section by any Representative of the Company or fail to consummate any of its Subsidiaries shall be a breach of this Section by the transactions contemplated by this AgreementCompany.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Avocent Corp)

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General Prohibitions. Neither the Company (or the Board of Directors) nor any of the Company’s Company Subsidiaries shall, nor shall the Company or any of its the Company Subsidiaries authorize or permit any of its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) Representatives to, directly or indirectly, (i) solicit, initiate, induce, explore initiate or knowingly take any action to knowingly facilitate or knowingly encourage the making, submission or announcement of any Acquisition Proposalinquiry, proposal or offer (including any inquiriesinquiry, proposals proposal or offers that may offer to the Company’s stockholders) which constitutes or would be reasonably be expected to lead to an any Acquisition Proposal (including through the furnishing of any information)Proposal, (ii) enter into or participate in any discussions or negotiations with, furnish any information relating to the Company or any of its the Company Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its the Company Subsidiaries to or to, otherwise cooperate in any way with, assist or knowingly assist, participate in, facilitate or encourage any effort by any Third Party that is reasonably expected to make, or is otherwise seeking to make, or has made, an Acquisition ProposalProposal (other than, solely in response to an unsolicited inquiry, to refer the inquiring Third Party to this Section 6.03 and to limit its conversation or other communication exclusively to such referral), (iii) fail to make(A) publicly propose to, withdraw or modify otherwise change, withhold, withdraw, qualify or modify, in a manner adverse to Parent or Merger Subsidiary, the Company Board Recommendation, (or publicly propose B) fail to withdraw or modify in a manner adverse to Parent) include the Company Board Recommendation in the Proxy Statement, when mailed, (C) adopt, approve or approve, recommendrecommend to stockholders of the Company, or declare advisable resolve to or publicly propose or announce its intention to adopt, approve or recommend to stockholders of the Company, an Acquisition ProposalProposal or any transaction pursuant to which a Third Party would become an “interested stockholder” under Section 203 of Delaware Law, (D) if a tender offer or exchange offer that constitutes an Acquisition Proposal is commenced, fail to publicly recommend against acceptance of such tender offer or exchange offer by the Company’s stockholders within ten Business Days after the commencement thereof or (E) fail to publicly reaffirm the Company Board Recommendation following any Acquisition Proposal having been publicly made, proposed or communicated (and not publicly withdrawn) within 10 Business Days after Parent so requests in writing (provided that Parent shall not be entitled to request such reaffirmation more than one time with respect to an Acquisition Proposal (provided that any modification to the financial or other material terms of such Acquisition Proposal shall constitute a new Acquisition Proposal for purposes of the foregoing) (any of the foregoing in this clause (iii), an “Adverse Recommendation Change”) or ), (iv) fail to enforce or grant any waiver or release under any standstill or similar agreement with respect to any class of equity securities of the Company or any of the Company Subsidiaries, provided that, with respect to any Third Party that was not invited by the Company to submit an indication of interest or bid to acquire the Company during the period between June 1, 2016 and the date of this Agreement, if the Company’s Board of Directors determines in good faith, after consultation with the Company’s outside legal counsel, that the failure to take such action would be inconsistent with the directors’ fiduciary duties under Applicable Law, the Company may waive any such standstill provision applicable to such Third Party solely to the extent necessary to permit such Third Party to make a confidential Acquisition Proposal to the Company’s Board of Directors, or (v) approve, recommendadopt, declare advisable recommend or enter into, or propose to approve adopt, recommend or enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating to an Acquisition Proposal (whether binding or requiring nonbinding). It is agreed that any material violation of the restrictions on the Company to abandonset forth in this Section 6.03 by any Representative of the Company or any of the Company Subsidiaries shall be a breach of this Section by the Company; provided, terminate however, that nothing in this Section 6.03(a) shall prohibit the Company or fail to consummate its Representatives from contacting in writing any Person or group of Persons who, following the transactions contemplated by date of this Agreement, make an unsolicited Acquisition Proposal with such contact being for the sole purpose of clarifying the terms and conditions thereof so as to determine whether such Acquisition Proposal constitutes, or could reasonably be expected to lead to, a Superior Proposal, and any such actions shall not be a breach of this Section 6.03(a), so long as the Company otherwise complies with its obligations under this Section 6.03, including Section 6.03(c), with respect to such Acquisition Proposal. The Company agrees that it and its Affiliates will not enter into any agreement with any Third Party subsequent to the date of this Agreement which prohibits the Company or its Affiliates from providing any information to Parent in accordance with, or otherwise complying with, this Section 6.03.

Appears in 1 contract

Samples: Agreement and Plan of Merger (InvenSense Inc)

General Prohibitions. Neither The Company and its Subsidiaries shall not, and the Company (or the Board of Directors) nor any of the Company’s Subsidiaries shall, nor shall the Company or any of use its Subsidiaries authorize or reasonable best efforts not to permit any of its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) to, directly or indirectly, (i) solicit, initiate, induce, explore initiate or knowingly take any action to knowingly facilitate or knowingly encourage the submission or announcement of any Acquisition Proposal, or any inquiries, proposals or offers that may reasonably be expected to lead to an Acquisition Proposal (including through the furnishing of any information), (ii) enter into or participate in any discussions or negotiations with, furnish any information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to to, or otherwise knowingly cooperate in any way with, assist or facilitate with any Third Party that is seeking to make, or has made, an Acquisition Proposal, (iii) fail to makewithhold, withdraw or modify in a manner adverse to Parent (or publicly propose to withdraw withdraw, amend, qualify or modify in a manner adverse to Parent) , or publicly propose to withhold, withdraw, amend, qualify or modify in a manner adverse to Parent, the Company Board Recommendation (or publicly approve, recommend, publicly endorse or declare advisable recommend an Acquisition Proposal) (any of the foregoing in this clause (iii), an “Adverse Recommendation Change”) or (iv) approve, recommend, declare advisable or enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating to an Acquisition Proposal Proposal. Any breach of this Section 6.03 by the Company’s officers or requiring directors or any of the Company’s or its Subsidiaries’ Representatives acting at the direction of an officer or director of the Company to abandon(and, terminate or fail to consummate for the transactions contemplated avoidance of doubt, only a breach by this Agreementsuch persons) shall be deemed a breach by the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fidelity National Financial, Inc.)

General Prohibitions. Neither the Company (or the Board of Directors) nor any of the Company’s its Subsidiaries shall, nor shall the Company or any of its Subsidiaries authorize or permit any of its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) to, directly or indirectly, (i) solicit, initiate, induce, explore initiate or knowingly take any action to facilitate or encourage the submission or announcement of any Acquisition Proposal, Proposal or any inquiries, proposals proposal or offers offer that may would reasonably be expected to lead to an Acquisition Proposal (including through the furnishing of any information)Proposal, (ii) enter into or participate in any discussions or negotiations with, furnish any information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to or otherwise cooperate in any way with, assist or facilitate any Third Party that is seeking to make, or has made, an Acquisition Proposal, (iii) fail to make, withdraw or modify in a manner adverse to Parent (or publicly propose to withdraw or modify in a manner adverse to Parent) the Company Board Recommendation (or approve, recommend, or declare advisable recommend an Acquisition Proposal) (any of the foregoing in this clause (iii), an “Adverse Recommendation Change”) or (iv) approve, recommend, declare advisable execute or enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating to an Acquisition Proposal or requiring any proposal or offer that could reasonably be expected to lead to an Acquisition Proposal or (v) publicly announce an intention to do any of the Company to abandon, terminate or fail to consummate the transactions contemplated by this Agreementforegoing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (JIAYUAN.COM International LTD)

General Prohibitions. Neither After the date hereof and prior to the earlier of the Effective Time and the termination of this Agreement in accordance with Article 11, the Company shall not (or the Board of Directors) nor any of the Company’s Subsidiaries shall, nor shall and the Company or any of its Subsidiaries shall not authorize or permit any of its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) Representatives to), directly or indirectly, (i) solicit, initiate, induce, explore endorse or knowingly take any action to facilitate or encourage the submission or announcement of any Acquisition Proposal, Proposal or any inquiriesinquiry, proposals proposal or offers offer that may is reasonably be expected likely to lead to an any Acquisition Proposal (including through the furnishing of any information)Proposal, (ii) enter into or execute, continue or otherwise participate in any discussions or negotiations with, furnish any information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to or otherwise cooperate in any way with, assist or facilitate any Third Party that is seeking with respect to makeinquiries regarding, or has madethe making of, an Acquisition Proposal, (iii) fail to make, withdraw withdraw, modify or modify amend in a manner adverse to Parent (or publicly propose to withdraw or modify in a manner adverse to Parent) the Company Board Recommendation (or approve, recommendrecommend or otherwise declare advisable the approval by the Company stockholders of any Acquisition Proposal), or declare advisable an Acquisition Proposal) resolve, agree or propose to take any such action (any of the foregoing in this clause (iii), an “Adverse Recommendation Change”) ), or (iv) approve, recommend, declare advisable or enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument transaction agreement relating to an Acquisition Proposal or requiring (other than a confidentiality agreement with a Third Party to whom the Company is permitted to abandonprovide information in accordance with Section 7.04(b)(i)) (any of the foregoing, terminate or fail to consummate the transactions contemplated by this an “Alternative Acquisition Agreement”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Realogy Holdings Corp.)

General Prohibitions. Neither the Company (or the Board of Directors) nor any of the Company’s its Subsidiaries shall, nor shall the Company or any of its Subsidiaries authorize or permit any of its or their officers, directors, employees, investment bankers, attorneys, accountants, consultants or other agents or advisors (“Representatives”) to, directly or indirectly, (i) solicit, initiate, induce, explore initiate or knowingly take any action to knowingly facilitate or encourage the submission or announcement of any Acquisition Proposal, or any inquiries, proposals or offers that may reasonably be expected to lead to an Acquisition Proposal (including through the furnishing of any information), (ii) enter into or participate in any discussions or negotiations with, furnish any information relating to the Company or any of its Subsidiaries or afford access to the business, properties, assets, books or records of the Company or any of its Subsidiaries to or to, otherwise cooperate in any way with, assist or knowingly assist, participate in, facilitate or encourage any effort by any Third Party that is seeking to make, or has made, an Acquisition Proposal, (iii) fail to make, withdraw or modify in a manner adverse to Parent (or publicly propose to withdraw or modify in a manner adverse to Parent) the Company Board Recommendation (or approve, recommend, or declare advisable recommend an Acquisition ProposalProposal or take any action or make any statement inconsistent with the Company Board Recommendation) (any of the foregoing in this clause (iii), an “Adverse Recommendation Change”) or ), (iv) approvegrant any waiver or release under any standstill or similar agreement with respect to any class of equity securities of the Company or any of its Subsidiaries, recommend(v) approve any transaction under, declare advisable or any Person becoming an “interested stockholder” under, Section 203 of Delaware Law or (vi) enter into any agreement in principle, letter of intent, term sheet, merger agreement, acquisition agreement, option agreement or other similar instrument relating to an Acquisition Proposal or requiring Proposal. It is agreed that any violation of the 49 restrictions on the Company to abandon, terminate set forth in this Section by any Representative of the Company or fail to consummate any of its Subsidiaries shall be a breach of this Section by the transactions contemplated by this AgreementCompany.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Emerson Electric Co)

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