Common use of Mutual Covenants Regarding Non-Solicitation Clause in Contracts

Mutual Covenants Regarding Non-Solicitation. (a) Each Party shall immediately cease and cause to be terminated all existing discussions and negotiations (including, without limitation, through any advisors or other parties on its behalf), if any, with any parties conducted before the date of this Agreement with respect to any Acquisition Proposal and shall immediately request the return or destruction of all information provided to any third parties who have entered into a confidentiality agreement with such Party relating to an Acquisition Proposal and shall use all reasonable commercial efforts to ensure that such requests are honoured.

Appears in 5 contracts

Samples: Arrangement Agreement (Oncothyreon Inc.), Arrangement Agreement (Penn West Energy Trust), Arrangement Agreement (Penn West Energy Trust)

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Mutual Covenants Regarding Non-Solicitation. (a) Each Party party shall immediately cease and cause to be terminated all existing discussions and negotiations (including, without limitation, through any advisors or other parties on its behalf), if any, with any parties conducted before the date of this Agreement agreement with respect to any Acquisition Proposal (as defined herein) and shall immediately request the return or destruction of all information provided to any third parties who have entered into a confidentiality agreement with such Party party relating to an Acquisition Proposal and shall use all reasonable commercial efforts to ensure that such requests are honoured.

Appears in 4 contracts

Samples: Definitive Agreement (Harvest Energy Trust), Penn West Energy Trust, Canetic Resources Trust

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