Common use of Notice of Acquisitions Clause in Contracts

Notice of Acquisitions. The Shareholder shall notify Parent as promptly as practicable (and in any event within 24 hours after receipt) in writing of (a) the number of any additional shares of Company Common Stock, Company Stock Options or other securities of the Company of which the Shareholder acquires Beneficial Ownership on or after the date hereof and (b) any inquiries or proposals that are received by, any information that is requested from, or any negotiations or discussions that are sought to be initiated or continued with, any Shareholder (in its capacity as a shareholder of the Company) or any of its Affiliates with respect to any Takeover Proposal and any subsequent modifications thereto, or any other matter referred to in Section 4.3, such notice to include the identity of the Person making such inquiry or proposal, requesting such information or seeking to initiate or continue such negotiations or discussions, as the case may be and a copy of such Takeover Proposal or other requests or inquiries, including draft agreements or term sheets submitted in connection therewith (or, where no such copy is available, a reasonably detailed description of such Takeover Proposal). The Shareholder shall (i) keep Parent fully informed in all material respects of the status or detail of any developments, discussions and negotiations relating to the matters described in clause (b) of the preceding sentence of the status and details (including any change to the terms thereof) including any Takeover Proposal and (ii) provide to Parent as soon as practicable after receipt or delivery thereof copies of all correspondence and other written materials sent or provided to the Shareholder or any of its Subsidiaries from any Person that describes any of the terms or conditions of any Takeover Proposal or other proposal that is the subject of any such inquiry, proposals or information requests.