Common use of Non-Recommendation Determination Clause in Contracts

Non-Recommendation Determination. If GM's Board of Directors shall have determined, in good faith and upon advice of legal counsel, that, in accordance with its fiduciary duties under Applicable Law, either (i) it cannot or will not be able to recommend the GM Transactions to its common stockholders for their approval or (ii) after having recommended to its common stockholders approval of the GM Transactions, it is required to withdraw, revoke or modify in any adverse manner such recommendation (in either case, a "Non-Recommendation Determination"), GM shall promptly provide written notice thereof to EchoStar (a "Notice of Non-Recommendation"), in which event GM shall not be required to take or continue any of the actions set forth in Section 1.2, and, subject to Section 1.2(c) and Section 1.2(e), the provisions of Sections 7.1(c)(viii) and 7.1(d)(vi) of the Merger Agreement shall apply.

Appears in 2 contracts

Samples: Implementation Agreement (General Motors Corp), Implementation Agreement (Echostar Communications Corp)

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Non-Recommendation Determination. If GM's Board of Directors shall have determined, in good faith and upon advice of legal counsel, that, in accordance with its fiduciary duties under Applicable Law, either (i) it cannot or will not be able to recommend the GM Transactions Requisite Vote Matters to its common stockholders for their approval or (ii) after having recommended to its common stockholders approval of the GM TransactionsRequisite Vote Matters, it is required to withdraw, revoke or modify in any adverse manner such recommendation (in either case, a "Non-Recommendation Determination"), GM shall promptly provide written notice thereof to EchoStar the Purchaser (a "Notice of Non-Recommendation"), in which event GM shall not be required to take or continue any of the actions set forth in this Section 1.27.2, and, subject to Section 1.2(c) and Section 1.2(e), the provisions of Sections 7.1(c)(viii3.2(c)(ii) and 7.1(d)(vi3.2(d)(ii) of the Merger this Agreement shall apply.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Hughes Electronics Corp), Stock Purchase Agreement (News Corp LTD)

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