Material Divestiture or Acquisition Sample Clauses
The Material Divestiture or Acquisition clause defines the rights and obligations of the parties in the event that one party undertakes a significant sale or purchase of assets or business units. Typically, this clause outlines thresholds for what constitutes a "material" transaction and may require the party to notify the other, seek consent, or provide an option to terminate or renegotiate the agreement if such a transaction occurs. Its core function is to protect the interests of the parties by ensuring that major changes in business structure do not undermine the original intent or risk profile of the agreement.
Material Divestiture or Acquisition. Upon any Material Divestiture or Acquisition Date, the Borrower shall provide to the Administrative Agent and the Lenders written notice thereof. Documents required to be delivered pursuant to Section 8.01(a), (b), (h), (i) or (j), to the extent any such documents are included in materials otherwise filed with the SEC, may be delivered electronically and shall be deemed to have been delivered to the Administrative Agent and each Lender on the date on which the Borrower posts such documents or provides a link thereto on the Borrower’s website on the Internet at the website address listed in Section 12.01; or such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which Lender and the Administrative Agent have access.
Material Divestiture or Acquisition. Upon any Material Divestiture or Acquisition Date, the Borrower shall provide to the Administrative Agent and the Lenders written notice thereof. Documents required to be delivered pursuant to Section 8.01(a), (b), (h), (i) or (j), to the extent any such documents are included in materials otherwise filed with the SEC, may be delivered electronically and if so delivered, shall be deemed to have been delivered to the Administrative Agent and each Lender on the date on which the Borrower notifies the Agent such documents (i) have been posted, or on which the Borrower provides a link thereto on the Borrower’s website on the Internet at the website address listed in Section 12.01; or (ii) are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided the Borrower shall notify the Administrative Agent (by telecopier or electronic mail) of the posting by the Borrower of its Annual Reports on form 10-K, Quarterly Reports on Form 10-Q and current Reports on Form 8-K.
Material Divestiture or Acquisition. Upon any Material Divestiture or Acquisition Date, the Borrower shall provide to the Administrative Agent and the Lenders a certificate from a Responsible Officer that attaches reasonably detailed calculations demonstrating compliance with Section 9.01(d).
Material Divestiture or Acquisition. Upon any Material Divestiture or Acquisition Date, the Borrower shall provide to the Administrative Agent and the Lenders written notice thereof.