Common use of LETTERS OF INTENT Clause in Contracts

LETTERS OF INTENT. Subject to the Company’s confidentiality obligations and applicable attorney client privilege, (i) the Company shall promptly furnish to each Investor copies of draft letters of intent relating to a Business Combination (each, a “LOI”) between the Company and a target company (a “Target”) upon sending a LOI to a Target or receiving a LOI from a Target and (ii) the Company shall promptly update each Investor with respect to material developments regarding the negotiation of XXXx and shall provide the proposed final version of a LOI before execution by the Company.

Appears in 5 contracts

Samples: Registration Rights Agreement (Bellevue Life Sciences Acquisition Corp.), Registration Rights Agreement (Bellevue Life Sciences Acquisition Corp.), Registration Rights Agreement (Bellevue Life Sciences Acquisition Corp.)

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LETTERS OF INTENT. Subject to the Company’s confidentiality obligations and applicable attorney client privilege, (i) the Company shall promptly furnish to each Investor copies of draft letters of intent relating to a Business Combination (each, a “LOI”) between the Company and a target company (a “Target”) upon sending a LOI to a Target or receiving a LOI from a Target and (ii) the Company shall promptly update each Investor with respect to material developments regarding the negotiation of XXXx LXXx and shall provide the proposed final version of a LOI before execution by the Company.

Appears in 1 contract

Samples: Registration and Stockholder Rights Agreement (Gardiner Healthcare Acquisitions Corp.)

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