Common use of No Solicitation by Acquiror Clause in Contracts

No Solicitation by Acquiror. From the date hereof until the Acquisition Closing Date or, if earlier, the termination of this Agreement in accordance with Article XI, Acquiror shall not, and shall direct the Sponsor and its controlled Affiliates and its and their respective officers, directors and Representatives not to, directly or indirectly (a) solicit, initiate, facilitate or encourage any inquiries, proposals, indications of interest or offers that constitute, or that would reasonably be expected to constitute or lead to, an Acquiror Acquisition Proposal, (b) engage in, continue or otherwise participate in any discussions or negotiations with any third-party regarding an Acquiror Acquisition Proposal, or furnish to any third-party non-public information or provide to any third-party access to the businesses, properties, assets or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition Proposal, (c) enter into any acquisition agreement, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement with respect to an Acquiror Acquisition Proposal, or (d) grant any waiver, amendment or release under any confidentiality agreement or otherwise knowingly facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by any Person to make, an Acquiror Acquisition Proposal. From and after the date hereof, Acquiror shall, and shall direct the Sponsor and its controlled Affiliates and its and their respective officers, directors and Representatives to, immediately cease and terminate all discussions and negotiations with any Persons (other than the Company and its Representatives) with respect to an Acquiror Acquisition Proposal. Notwithstanding the foregoing but subject to Section 12.14, nothing else in this Agreement shall prohibit Acquiror, the Special Committee or the Acquiror Board from making any legally required disclosure, including legally required disclosure of factual information regarding the business, financial condition or results of operations of Acquiror.

Appears in 2 contracts

Samples: Business Combination Agreement (Bridgetown Holdings LTD), Business Combination Agreement (Bridgetown Holdings LTD)

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No Solicitation by Acquiror. From the date hereof until the Acquisition Amalgamation Closing Date or, if earlier, the termination of this Agreement in accordance with Article XIXII, Acquiror shall not, and shall direct the Sponsor and its controlled Affiliates and its and their respective officers, directors and Representatives not to, directly or indirectly (a) solicit, initiate, facilitate or encourage pursue any inquiriesinquiry, proposalsindication of interest, indications of interest proposal or offers that constitute, or that would reasonably be expected offer relating to constitute or lead to, an Acquiror Acquisition Proposal, (b) engage in, continue or otherwise participate in or continue any discussions or negotiations with any third-party regarding with respect to, or furnish or make available, any information concerning Acquiror to any third party relating to an Acquiror Acquisition Proposal, or furnish to any third-party non-public information or provide to any third-party access to the businesses, properties, assets or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition Proposal, Proposal or (c) enter into any binding understanding, binding arrangement, acquisition agreement, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement with respect to an Acquiror Acquisition Proposal, or (d) grant any waiver, amendment or release under any confidentiality agreement or otherwise knowingly facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by any Person to make, an Acquiror Acquisition Proposal. From and after the date hereof, Acquiror shall, and shall direct the Sponsor and its controlled Affiliates and its and their respective officers, directors and Representatives to, immediately cease and terminate all discussions and negotiations with any Persons (other than the Company and its Representatives) with respect to an Acquiror Acquisition Proposal. Notwithstanding the foregoing but subject to Section 12.14, nothing else in this Agreement shall prohibit Acquiror, the Special Committee or the Acquiror Board from making any legally required disclosure, including legally required disclosure of factual information regarding the business, financial condition or results of operations of Acquiror.

Appears in 2 contracts

Samples: Subscription Agreement (PropertyGuru Group LTD), Subscription Agreement (Bridgetown 2 Holdings LTD)

No Solicitation by Acquiror. From the date hereof until the Acquisition Closing Date or, if earlier, the termination of this Agreement in accordance with Article XIXII, Acquiror shall not, and shall direct the Sponsor and its controlled Affiliates and its and their respective officers, directors and Representatives not to, directly or indirectly (a) solicit, initiate, facilitate or encourage pursue any inquiriesinquiry, proposalsindication of interest, indications of interest proposal or offers that constitute, or that would reasonably be expected offer relating to constitute or lead to, an Acquiror Acquisition Proposal, (b) engage in, continue or otherwise participate in or continue any discussions or negotiations with any third-party regarding with respect to, or furnish or make available, any information concerning Acquiror to any third party relating to an Acquiror Acquisition Proposal, or furnish to any third-party non-public information or provide to any third-party access to the businesses, properties, assets or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition Proposal, Proposal or (c) enter into any binding understanding, binding arrangement, acquisition agreement, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement with respect to an Acquiror Acquisition Proposal, or (d) grant any waiver, amendment or release under any confidentiality agreement or otherwise knowingly facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by any Person to make, an Acquiror Acquisition Proposal. From and after the date hereof, Acquiror shall, and shall direct the Sponsor and its controlled Affiliates and its and their respective officers, directors and Representatives to, immediately cease and terminate all discussions and negotiations with any Persons (other than the Company and its Representatives) with respect to an Acquiror Acquisition Proposal. Notwithstanding the foregoing but subject to Section 12.14, nothing else in this Agreement shall prohibit Acquiror, the Special Committee or the Acquiror Board from making any legally required disclosure, including legally required disclosure of factual information regarding the business, financial condition or results of operations of Acquiror.

Appears in 2 contracts

Samples: Business Combination Agreement (DUET Acquisition Corp.), Business Combination Agreement (Fat Projects Acquisition Corp)

No Solicitation by Acquiror. From the date hereof until the Acquisition Closing Date or, if earlier, the termination of this Agreement in accordance with Article XIX, Acquiror shall not, and shall direct the Sponsor and its controlled Affiliates and its and their respective officers, directors and Representatives not to, directly or indirectly (a) solicit, initiate, facilitate or encourage pursue any inquiriesinquiry, proposalsindication of interest, indications of interest proposal or offers that constitute, or that would reasonably be expected offer relating to constitute or lead to, an Acquiror Acquisition Proposal, (b) engage in, continue or otherwise participate in or continue any discussions or negotiations with any third-party regarding with respect to, or furnish or make available, any information concerning Acquiror to any third party relating to an Acquiror Acquisition Proposal, or furnish to any third-party non-public information or provide to any third-party access to the businesses, properties, assets or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition Proposal, Proposal or (c) enter into any binding understanding, binding arrangement, acquisition agreement, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement with respect to an Acquiror Acquisition Proposal, or (d) grant any waiver, amendment or release under any confidentiality agreement or otherwise knowingly facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by any Person to make, an Acquiror Acquisition Proposal. From and after the date hereof, Acquiror shall, and shall direct the Sponsor and its controlled Affiliates and its and their respective officers, directors and Representatives to, immediately cease and terminate all discussions and negotiations with any Persons (other than the Company and its Representatives) with respect to an Acquiror Acquisition Proposal. Notwithstanding the foregoing but subject to Section 12.14, nothing else in this Agreement shall prohibit Acquiror, the Special Committee or the Acquiror Board from making any legally required disclosure, including legally required disclosure of factual information regarding the business, financial condition or results of operations of Acquiror.

Appears in 1 contract

Samples: Business Combination Agreement (Aura Fat Projects Acquisition Corp)

No Solicitation by Acquiror. From the date hereof until the Acquisition Closing Date or, if earlier, the termination of this Agreement in accordance with Article XIX, Acquiror and its Subsidiaries shall not, and Acquiror shall direct the Sponsor instruct and use its controlled Affiliates and reasonable best efforts to cause its and their respective officers, directors and Representatives representatives not to, directly (i) make any proposal or indirectly (a) solicit, initiate, facilitate or encourage any inquiries, proposals, indications of interest or offers offer that constitute, or that would reasonably be expected to constitute or lead to, an Acquiror Acquisition constitutes a Business Combination Proposal, (bii) engage in, continue or otherwise participate in initiate any discussions or negotiations with any third-party regarding an Acquiror Acquisition Proposal, Person with respect to a Business Combination Proposal or furnish to any third-party non-public information or provide to any third-party access to the businesses, properties, assets or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition Proposal, (ciii) enter into any acquisition agreement, business combination, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement relating to a Business Combination Proposal provided, however, that nothing in this Section 7.7 shall limit Acquiror and its Subsidiaries, or any of their representatives, from taking any actions in connection with respect to an any Acquiror Acquisition Proposal, or (d) grant any waiver, amendment or release under any confidentiality agreement or otherwise knowingly facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by Proposal with any Person to make, an the extent that such Acquiror Acquisition Proposal would not (x) constitute a Business Combination Proposal, (y) be consummated before the Second Effective Time, and (z) would not reasonably be expected to prevent or impair the consummation of the Mergers or the performance by Acquiror or Merger Sub of any of their obligations hereunder. From and after the date hereof, Acquiror and its officers and directors shall, and Acquiror shall direct the Sponsor instruct and cause Acquiror’s representatives, its controlled Affiliates and its Subsidiaries and their respective officers, directors and Representatives representatives to, immediately cease and terminate all discussions and negotiations with any Persons (other than the Company and its Representatives) that may be ongoing with respect to an Acquiror Acquisition a Business Combination Proposal. Notwithstanding the foregoing but subject to Section 12.14, nothing else in this Agreement shall prohibit Acquiror, the Special Committee or the Acquiror Board from making any legally required disclosure, including legally required disclosure of factual information regarding the business, financial condition or results of operations of Acquiror.

Appears in 1 contract

Samples: Agreement and Plan of Merger (GP Investments Acquisition Corp.)

No Solicitation by Acquiror. From the date hereof until of this Agreement through the Acquisition earlier of the Closing Date or, if earlier, or the termination of this Agreement in accordance with Article XIXII, except in connection with the Transactions, Acquiror shall not, and Acquiror shall direct the Sponsor and cause its controlled Affiliates Subsidiaries and its and their respective officers, directors Affiliates (including Sponsor) and Representatives not to, directly or indirectly indirectly, (a) solicit, initiate, facilitate solicit or encourage any inquiries, proposals, indications of interest initiate or offers that constituteknowingly induce or encourage, or knowingly take any other action to facilitate, any Acquisition Proposal or any existing, new or revised inquiry or proposal that would reasonably be expected to constitute or lead to, to an Acquiror Acquisition Proposal, (b) engage inenter into, continue or otherwise participate in any discussions or negotiations with any third-party regarding an Acquiror Acquisition Proposalregarding, or furnish to any third-party non-public Person any information in furtherance of, or provide otherwise cooperate in any way in furtherance of, any Acquisition Proposal or any inquiry or proposal that would reasonably be expected to any third-party access lead to the businesses, properties, assets or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition Proposal, (c) approve, endorse, recommend, execute or enter into any acquisition agreementContract, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or understanding, agreement in principle, joint venture agreement, partnership agreement or merger, acquisition or similar agreement constituting, contemplating or otherwise relating to any Acquisition Proposal or any other agreement with respect inquiry or proposal that could reasonably be expected to lead to an Acquiror Acquisition Proposal, or (d) grant prepare or take any waiversteps in furtherance of a public offering of any securities of any entity other than in connection with the Transactions. For the avoidance of doubt, amendment it is understood and agreed that the foregoing shall not prohibit Acquiror, its Subsidiaries and its and their respective Affiliates, Representatives, stockholders, equityholders, members and partners from taking any actions in the ordinary course that are not otherwise in violation of this Section 9.9 (such as answering phone calls) or release under any confidentiality agreement or otherwise knowingly facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by informing any Person to make, an Acquiror inquiring about a possible Acquisition ProposalProposal of the existence of the obligations contained in this Section 9.9. From and after the date hereofof this Agreement, Acquiror shall, and shall direct the Sponsor cause its Subsidiaries and its controlled Affiliates and its and their respective officers, directors (including Sponsor) and Representatives to, immediately cease and terminate all discussions and negotiations with any Persons (other than the Company and its Representatives) Person that may be ongoing with respect to an Acquiror Acquisition Proposal. Notwithstanding , and as promptly as practicable thereafter notify such Person to the foregoing but subject effect that Acquiror is ending all discussions and negotiations with such Person with respect to Section 12.14such Acquisition Proposal, nothing else in this Agreement shall prohibit Acquiror, the Special Committee or the Acquiror Board from making any legally required disclosure, including legally required disclosure of factual information regarding the business, financial condition or results of operations of Acquiroreffective immediately.

Appears in 1 contract

Samples: Business Combination Agreement (Saban Capital Acquisition Corp.)

No Solicitation by Acquiror. From the date hereof until the Acquisition Closing Date or, if earlier, the termination of this Agreement in accordance with Article XIX, Acquiror and its Subsidiaries shall not, and Acquiror shall direct the Sponsor instruct and use its controlled Affiliates and reasonable best efforts to cause its and their respective officers, directors and Representatives representatives not to, directly (i) make any proposal or indirectly (a) solicit, initiate, facilitate or encourage any inquiries, proposals, indications of interest or offers offer that constitute, or that would reasonably be expected to constitute or lead to, an Acquiror Acquisition constitutes a Business Combination Proposal, (bii) engage in, continue or otherwise participate in initiate any discussions or negotiations with any third-party regarding an Acquiror Acquisition Proposal, Person with respect to a Business Combination Proposal or furnish to any third-party non-public information or provide to any third-party access to the businesses, properties, assets or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition Proposal, (ciii) enter into any acquisition agreement, business combination, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement relating to a Business Combination Proposal provided, however, that nothing in this Section 7.6 shall limit Acquiror and its Subsidiaries, or any of their representatives, from taking any actions in connection with respect to an any Acquiror Acquisition Proposal, or (d) grant any waiver, amendment or release under any confidentiality agreement or otherwise knowingly facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by Proposal with any Person to make, an the extent that such Acquiror Acquisition Proposal would not (x) constitute a Business Combination Proposal, (y) be consummated before the Effective Time or (z) would not reasonably be expected to prevent or impair the consummation of the Merger or the performance by Acquiror or Merger Sub of any of their obligations hereunder. From and after the date hereof, Acquiror and its officers and directors shall, and Acquiror shall direct the Sponsor instruct and cause Acquiror’s representatives, its controlled Affiliates and its Subsidiaries and their respective officers, directors and Representatives representatives to, immediately cease and terminate all discussions and negotiations with any Persons (other than the Company and its Representatives) that may be ongoing with respect to an Acquiror Acquisition a Business Combination Proposal. Notwithstanding the foregoing but subject to Section 12.14, nothing else in this Agreement shall prohibit Acquiror, the Special Committee or the Acquiror Board from making any legally required disclosure, including legally required disclosure of factual information regarding the business, financial condition or results of operations of Acquiror.

Appears in 1 contract

Samples: Agreement and Plan of Merger (GP Investments Acquisition Corp.)

No Solicitation by Acquiror. From the date hereof until the Acquisition Closing Date or, if earlier, the termination of this Agreement in accordance with Article XIX, Acquiror shall not, and shall direct the Sponsor cause its Subsidiaries not to, and its controlled Affiliates and Acquiror shall instruct its and their respective officersrepresentatives, directors and Representatives not to, directly or indirectly (a) solicit, initiate, facilitate make any proposal or encourage any inquiries, proposals, indications of interest or offers offer that constitute, or that would reasonably be expected to constitute or lead to, an Acquiror Acquisition constitutes a Business Combination Proposal, (b) initiate, solicit, propose, induce, facilitate any inquiries or requests for information with respect to, or the making of any inquiry regarding, an actual or potential Business Combination Proposal, (c) engage in, continue or otherwise participate in any negotiations or discussions or negotiations with any third-party regarding an Acquiror Acquisition Proposalconcerning, or furnish provide access to, its properties, business, assets, books, records or any confidential information or data to, any person relating to any third-party non-public proposal, offer, inquiry or request for information that constitutes, or provide could reasonably be expected to result in or lead to, any third-party access to the businesses, properties, assets or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition Business Combination Proposal, (cd) enter into any acquisition agreement, business combination, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement with respect relating to an Acquiror Acquisition a Business Combination Proposal, or (de) grant any waiver, amendment or release under any confidentiality agreement in connection with a Business Combination Proposal or the anti-takeover laws, (f) otherwise knowingly encourage or facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by any Person to makemake a Business Combination Proposal, an or (g) agree or otherwise commit to enter into or engage in any of the foregoing, in each case, other than to or with the Company and its respective representatives. Acquiror Acquisition Proposal. From and after also agrees that immediately following the date hereof, Acquiror execution of this Agreement it shall, and shall direct the Sponsor cause its Subsidiaries and shall instruct any of its controlled Affiliates and or its and their Subsidiaries’ respective Affiliates, directors, officers, directors employees, agents or representatives (including investment bankers, attorneys and Representatives accountants) to, immediately cease and terminate all any solicitations, discussions and or negotiations with any Persons Person (other than the Company parties hereto and its Representativestheir respective representatives) conducted heretofore in connection with respect a Business Combination Proposal or any inquiry or request for information that would reasonably be expected to an Acquiror Acquisition lead to, or result in, a Business Combination Proposal. Notwithstanding the foregoing but subject to Section 12.14, nothing else in this Agreement shall prohibit Acquiror, the Special Committee or the Acquiror Board from making any legally required disclosure, including legally required disclosure of factual information regarding the business, financial condition or results of operations of Acquiror.

Appears in 1 contract

Samples: Agreement and Plan of Merger (CITIC Capital Acquisition Corp.)

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No Solicitation by Acquiror. From the date hereof until the Acquisition Closing Date or, if earlier, the termination of this Agreement in accordance with Article XIX, Acquiror shall not, and shall direct the Sponsor and use its controlled reasonable best efforts to cause its Subsidiaries, Affiliates and its and their respective officersrepresentatives, directors and Representatives not to, directly or indirectly without the prior written consent of the Company, (a) solicit, initiate, facilitate make any proposal or encourage any inquiries, proposals, indications of interest offer that constitutes a Business Combination Proposal if the Business Combination transaction underlying such proposal or offers that constitute, offer is anticipated to be completed prior to or that would reasonably be expected to constitute or lead to, an Acquiror Acquisition Proposalsubstantially concurrently with the transactions contemplated hereby, (b) engage in, continue or otherwise participate in initiate any discussions or negotiations with any third-party regarding an Acquiror Acquisition ProposalPerson with respect to a Business Combination Proposal if the Business Combination transaction underlying such discussions or negotiations is anticipated to be completed prior to or substantially concurrently with the transactions contemplated hereby, or furnish to any third-party non-public information or provide to any third-party access to the businesses, properties, assets or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition Proposal, (c) enter into any acquisition agreement, business combination agreement, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement relating to a Business Combination Proposal if the entering into such acquisition agreement, business combination agreement, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement relating to a Business Combination Proposal would delay, impede, frustrate or otherwise disrupt the consummation of the Merger or the Milk Transaction, in each case of clauses (a)–(c), other than (x) to or with respect to an Acquiror Acquisition Proposalthe Company and its respective representatives, or (dy) grant to or with Milk and its respective representatives; provided further, that in the case of each of clauses (a)-(c), Acquiror shall not, and shall cause such third-party in the relevant Business Combination transaction and each of their respective Affiliates and representatives not to, make any waiver, amendment public announcement regarding such Business Combination transaction or release under take any confidentiality agreement or otherwise knowingly facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by action which could reasonably be expected to require any Person to makemake any such public announcement, an Acquiror Acquisition Proposalin each case, without the consent of the Company. From and after the date hereof, Acquiror shall, and shall direct the Sponsor and use its controlled reasonable best efforts to cause its Subsidiaries, Affiliates and its and their respective officersrepresentatives, directors and Representatives to, to immediately cease and terminate all discussions and negotiations with any Persons that may be ongoing with respect to a Business Combination Proposal that is anticipated to be completed prior to or substantially concurrently with the transactions contemplated hereby (other than with the Company Company, Milk and its Representatives) with respect to an Acquiror Acquisition Proposal. Notwithstanding the foregoing but subject to Section 12.14, nothing else in this Agreement shall prohibit Acquiror, the Special Committee or the Acquiror Board from making any legally required disclosure, including legally required disclosure of factual information regarding the business, financial condition or results of operations of Acquirortheir respective representatives).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Waldencast Acquisition Corp.)

No Solicitation by Acquiror. From the date hereof until the Acquisition Closing Date or, if earlier, the termination of this Agreement in accordance with Article XIX, Acquiror shall not, and shall direct the cause its Subsidiaries and Sponsor not to, and its controlled Affiliates and Acquiror shall instruct its and their respective officers, directors representatives acting on its and Representatives their behalf not to, directly or indirectly (a) make any proposal or offer that constitutes a Competing Transaction, (b) solicit, initiate, facilitate enter into or continue any negotiations with, or encourage any inquiries, proposals, indications of interest or offers that constitute, or that would reasonably be expected to constitute or lead to, an Acquiror Acquisition Proposal, (b) engage in, continue or otherwise participate in any discussions or negotiations with any third-party regarding an Acquiror Acquisition Proposal, or furnish respond to any third-party non-public information inquiries or provide proposals by, any Person with respect to any third-party access to the businesses, properties, assets or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition Proposala Competing Transaction, (c) enter into any acquisition agreement, business combination, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement with respect relating to an Acquiror Acquisition Proposala Competing Transaction, or (d) grant any waiver, amendment or release under any confidentiality agreement, standstill agreement or the anti-takeover laws of any state, or (e) otherwise knowingly facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by any Person to make, an Acquiror Acquisition Proposalmake a Competing Transaction. From and after the date hereof, Acquiror shall, and shall direct the instruct its officers and directors to, and Acquiror shall instruct and cause its representatives, its Subsidiaries, Sponsor and its controlled Affiliates and its and their respective officers, directors and Representatives representatives to, immediately cease and terminate all discussions and negotiations with any Persons (other than the Company and its Representatives) that may be ongoing with respect to an a Competing Transaction. Without limiting the foregoing, Acquiror Acquisition Proposal. Notwithstanding shall (i) promptly (and in any event within twenty-four (24) hours) notify the foregoing but subject Company orally and in writing of the receipt of any offer or proposal with respect to Section 12.14a Competing Transaction, nothing else which notice shall include a copy of such offer or proposal (or, where such offer or proposal is not submitted by such Person in this Agreement shall prohibit Acquirorwriting, a reasonably detailed written description of the Special Committee material terms and conditions of such offer or proposal), and (ii) keep the Acquiror Board from making Company promptly informed (and in any legally required disclosureevent within twenty-four (24) hours) in all material respects of any material communications relating to material changes to, such proposal or offer (including legally required disclosure of factual information regarding any change in the business, financial condition price or results of operations of Acquirorother material terms thereof).

Appears in 1 contract

Samples: Joinder Agreement (M3-Brigade Acquisition II Corp.)

No Solicitation by Acquiror. From the date hereof until the Acquisition Closing Date or, if earlier, the termination of this Agreement in accordance with Article XIX, Acquiror shall not, and shall direct the Sponsor and use its controlled reasonable best efforts to cause its Subsidiaries, Affiliates and its and their respective officersrepresentatives, directors and Representatives not to, directly or indirectly without the prior written consent of the Company, (a) solicit, initiate, facilitate make any proposal or encourage any inquiries, proposals, indications of interest offer that constitutes a Business Combination Proposal if the Business Combination transaction underlying such proposal or offers that constitute, offer is anticipated to be completed prior to or that would reasonably be expected to constitute or lead to, an Acquiror Acquisition Proposalsubstantially concurrently with the transactions contemplated hereby, (b) engage in, continue or otherwise participate in initiate any discussions or negotiations with any third-party regarding an Acquiror Acquisition Proposal, Person with respect to a Business Combination Proposal if the Business Combination transaction underlying such discussions or furnish negotiations is anticipated to any third-party non-public information be completed prior to or provide to any third-party access to substantially concurrently with the businesses, properties, assets transactions contemplated hereby or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition Proposal, (c) enter into any acquisition agreement, business combination agreement, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement with respect relating to an Acquiror Acquisition Proposala Business Combination Proposal if the entering into such acquisition agreement, business combination agreement, merger agreement or similar definitive agreement, or (d) grant any waiverletter of intent, amendment memorandum of understanding or release under agreement in principle, or any confidentiality other agreement relating to a Business Combination Proposal would delay, impede, frustrate or otherwise knowingly facilitate disrupt the consummation of the Merger or the Milk Transaction, in each case, of clauses (a)-(c), other than (x) to or with the Company and its respective representatives or (y) to or with Obagi and its respective representatives; provided further, that in the case of each of clauses (a)-(c), Acquiror shall not, and shall cause such third-party in the relevant Business Combination transaction and each of their respective Affiliates and representatives not to, make any public announcement regarding such inquiries, proposals, discussions, Business Combination transaction or negotiations or take any effort or attempt by action which could reasonably be expected to require any Person to makemake any such public announcement, an Acquiror Acquisition Proposalin each case, without the consent of the Company. From and after the date hereof, Acquiror shall, and shall direct the Sponsor and use its controlled reasonable best efforts to cause its Subsidiaries, Affiliates and its and their respective officersrepresentatives, directors and Representatives to, to immediately cease and terminate all discussions and negotiations with any Persons that may be ongoing with respect to a Business Combination Proposal that is anticipated to be completed prior to or substantially concurrently with the transactions contemplated hereby (other than with the Company Company, Obagi and its Representatives) with respect to an Acquiror Acquisition Proposal. Notwithstanding the foregoing but subject to Section 12.14, nothing else in this Agreement shall prohibit Acquiror, the Special Committee or the Acquiror Board from making any legally required disclosure, including legally required disclosure of factual information regarding the business, financial condition or results of operations of Acquirortheir respective representatives).

Appears in 1 contract

Samples: Equity Purchase Agreement (Waldencast Acquisition Corp.)

No Solicitation by Acquiror. From the date hereof until the Acquisition Closing Date or, if earlier, the termination of this Agreement in accordance with Article XIX, Acquiror shall not, and shall direct the Sponsor cause its Subsidiaries and shall instruct and use its controlled Affiliates and reasonable best efforts to cause its and their respective officers, directors and Representatives representatives acting on its or their behalf not to, directly or indirectly indirectly, (ai) solicit, initiate, facilitate make any proposal or encourage any inquiries, proposals, indications of interest or offers offer that constitute, or that would reasonably be expected to constitute or lead to, an Acquiror Acquisition constitutes a Business Combination Proposal, (bii) initiate, engage in, continue in or otherwise participate in any discussions or negotiations with any third-party regarding an Acquiror Acquisition Proposal, or furnish Person with respect to any third-party non-public information inquiry, offer or provide proposal that constitutes or could reasonably be expected to any third-party access result in or lead to the businesses, properties, assets or personnel of Acquiror, in each case for the purpose of encouraging or facilitating an Acquiror Acquisition a Business Combination Proposal, (ciii) enter into any acquisition agreement, business combination, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement with respect relating to an Acquiror Acquisition a Business Combination Proposal, in each case, other than to or with the Company and its respective representatives, (iv) approve, endorse or recommend, or propose publicly to approve, endorse or recommend, any offer or proposal that constitutes or could reasonably be expected to result in or lead to a Business Combination Proposal or (dv) grant propose, resolve or agree to do any waiver, amendment or release under any confidentiality agreement of the foregoing or otherwise knowingly facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by any Person to make, an Acquiror Acquisition make a Business Combination Proposal. From and after the date hereof, Acquiror shall, and shall direct the Sponsor instruct its officers and directors to, and Acquiror shall instruct and use reasonable best efforts to cause its controlled Affiliates and representatives, its Subsidiaries and their respective officers, directors and Representatives representatives to, immediately cease and terminate all discussions and negotiations with any Persons that may be ongoing with respect to a Business Combination Proposal (other than the Company and its Representatives) with respect to an Acquiror Acquisition Proposal. Notwithstanding the foregoing but subject to Section 12.14, nothing else in this Agreement shall prohibit Acquiror, the Special Committee or the Acquiror Board from making any legally required disclosure, including legally required disclosure of factual information regarding the business, financial condition or results of operations of Acquirorrepresentatives).

Appears in 1 contract

Samples: Agreement and Plan of Merger (BowX Acquisition Corp.)

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