Notice and Information. If Grupo Televisa proposes to acquire (whether by merger, acquisition of stock or assets, partnership, joint venture or otherwise) a Stand Alone Business during the Term, Licensor will offer Licensee and its controlled Affiliates, by written notice in a timely manner, the opportunity to elect, within thirty (30) days (or shorter period if necessary so as not to lose the opportunity (e.g. if the bid deadline does not permit a thirty (30)-day election period)) of receipt of such notice, to seek to acquire the Stand Alone Business; provided, that Licensor will use good faith efforts not to delay notice so as to jeopardize Licensee’s ability to acquire such Stand Alone Business. Concurrently with the delivery of the aforementioned notice, Licensor will provide Licensee with information, if any, that Grupo Televisa has used (as of the time of such delivery) to evaluate the opportunity that is reasonably necessary and appropriate for Licensee’s consideration of such Stand Alone Business (but not information which includes information regarding other businesses of Grupo Televisa), subject to any legal or third party contractual confidentiality restriction
Appears in 3 contracts
Samples: 2011 Program License Agreement (Grupo Televisa, S.A.B.), 2011 Program License Agreement (Univision Holdings, Inc.), 2011 Program License Agreement (Grupo Televisa, S.A.B.)
Notice and Information. If Grupo Televisa Univision Group proposes to acquire (whether by merger, acquisition of stock or assets, partnership, joint venture or otherwise) a Stand Alone Business during the Term, Licensor will offer Licensee and its controlled AffiliatesGrupo Televisa, by written notice in a timely manner, the opportunity to elect, within thirty (30) days (or shorter period if necessary so as not to lose the opportunity (e.g. if the bid deadline does not permit a thirty (30)-day election period)) of receipt of such notice, to seek to acquire participate in the acquisition of the Stand Alone Business; provided, that Licensor will use good faith efforts not to delay notice so as to jeopardize Licensee’s ability to acquire such Stand Alone Business. Concurrently with the delivery of the aforementioned notice, Licensor will provide Licensee with information, if any, that Grupo Televisa Univision Group has used (as of the time of such delivery) to evaluate the opportunity that is reasonably necessary and appropriate for Licensee’s consideration of such Stand Alone Business (but not information which includes information regarding other businesses of Grupo TelevisaUnivision Group), subject to any legal or third party contractual confidentiality restriction
Appears in 2 contracts
Samples: 2011 Mexico License Agreement, 2011 Mexico License Agreement (Univision Holdings, Inc.)
Notice and Information. If Grupo Televisa Univision Group proposes to acquire (whether by merger, acquisition of stock or assets, partnership, joint venture or otherwise) a Stand Alone Business during the Term, Licensor will offer Licensee and its controlled AffiliatesGrupo Televisa, by written notice in a timely manner, the opportunity to elect, within thirty (30) days (or shorter period if necessary so as not to lose the opportunity (e.g. if the bid deadline does not permit a thirty (30)-day election period)) of receipt of such notice, to seek to acquire participate in the acquisition of the Stand Alone Business; provided, that Licensor will use good faith efforts not to delay notice so as to jeopardize Licensee’s ability to acquire such Stand Alone Business. Concurrently with the delivery of the aforementioned notice, Licensor will provide Licensee with information, if any, that Grupo Televisa Univision Group has used (as of the time of such delivery) to evaluate the opportunity that is reasonably necessary and appropriate for Licensee’s consideration of such Stand Alone Business (but not information which includes information regarding other businesses of Grupo TelevisaUnivision Group), subject to any legal or third party contractual confidentiality restriction.
Appears in 1 contract
Samples: 2011 Mexico License Agreement (Grupo Televisa, S.A.B.)