Common use of No Solicitation of Other Offers Clause in Contracts

No Solicitation of Other Offers. Between the date of this Agreement and the Closing Date, neither the City nor Blue Water will, directly or indirectly, through any officer, director, manager, representative, employee, Affiliate or agent, (a) solicit, initiate, encourage or assist in the submission of any inquiries, proposals or offers from any person or entity relating to any sale (whether of assets or securities), merger, consolidation, business combination, spin-off, liquidation or similar transaction involving the Telecom System (each an “Acquisition Proposal”); (b) participate in any discussion or negotiation regarding an Acquisition Proposal or furnish to any person or entity any information concerning the fact that Blue Water and the City have entered into this Agreement with Buyer, or the transactions contemplated hereby; or (c) otherwise cooperate in any way with, or assist or participate in, facilitate or encourage any effort or attempt by any other person or entity to make or enter into an Acquisition Proposal. Blue Water and the City will promptly inform Buyer of any such Acquisition Proposal, including the material terms thereof and the identity of the person or entity making the same, and shall furnish Purchaser with a copy of any writing related to such Acquisition Proposal.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement

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No Solicitation of Other Offers. Between the date of this Agreement and the Closing Date, neither the City nor Blue Water will, directly or indirectly, through any officer, director, manager, representative, employee, Affiliate or agent, (a) solicit, initiate, encourage or assist in the submission of any inquiries, proposals or offers from any person or entity relating to any sale (whether of assets or securities), merger, consolidation, business combination, spin-off, liquidation or similar transaction involving the Telecom System (each an “Acquisition Proposal”); (b) participate in any discussion or negotiation regarding an Acquisition Proposal or furnish to any person or entity any information concerning the fact that Blue Water and the City have entered into this Agreement with Buyer, or the transactions contemplated hereby; or (c) otherwise cooperate in any way with, or assist or participate in, facilitate or encourage any effort or attempt by any other person or entity to make or enter into an Acquisition Proposal. Blue Water and the City will promptly inform Buyer Xxxxx of any such Acquisition Proposal, including the material terms thereof and the identity of the person or entity making the same, and shall furnish Purchaser with a copy of any writing related to such Acquisition Proposal.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement

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