Common use of Notification of Acquisition Proposals Clause in Contracts

Notification of Acquisition Proposals. If Norbord or any of its subsidiaries or, to the knowledge of Norbord, or any of their respective Representatives receives or otherwise becomes aware of any inquiry, proposal or offer that constitutes or would reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord after the date of this Agreement, or any request for copies of, access to, or disclosure of, confidential information relating to Norbord or any subsidiary in connection with such an Acquisition Proposal, Norbord shall as soon as practicable and in any event within 24 hours of the receipt thereof notify West Fraser (at first orally and then in writing) of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include a description of its material terms and conditions of such Acquisition Proposal, inquiry, proposal, offer or request and the identity of all Persons making the Acquisition Proposal inquiry, proposal, offer or request and will provide West Fraser with copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such Persons. Norbord shall keep West Fraser promptly and fully informed of the status of material or substantive developments and (to the extent Norbord is permitted by Section 7.3 to enter into discussions or negotiations), the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changes, modifications or other amendments to such Acquisition Proposal or request, and shall promptly provide to West Fraser copies of all material or substantive documents and correspondence (if not delivered in writing or electronic form, then by way of a description of the material terms communicated), received in respect of, from or on behalf of any Person in connection with such Acquisition Proposal.

Notification of Acquisition Proposals. If Norbord a Party or any of its subsidiaries or, to the knowledge of Norbord, or any of their respective Representatives receives an Acquisition Proposal or otherwise becomes aware of any inquiry, proposal or offer that constitutes or would could reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord after the date of this Agreement, or any request for copies of, access to, or disclosure of, confidential information relating to Norbord such Party or any subsidiary in connection with such an Acquisition Proposal, Norbord inquiry, proposal or offer, such Party shall as soon as practicable and in any event within 24 hours of the receipt thereof notify West Fraser the other Party (at first orally and then in writing) of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include a description of its the material terms and conditions of such Acquisition Proposal, inquiry, proposal, offer or request and the identity of all Persons persons making the Acquisition Proposal Proposal, inquiry, proposal, offer or request and will such Party shall provide West Fraser the other Party with copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such Personsperson. Norbord The Party receiving the Acquisition Proposal, inquiry, proposal, offer or request shall keep West Fraser promptly and fully the other Party informed on a current basis of the status of material or substantive developments and (to the extent Norbord such Party is permitted by Section 7.3 to enter into discussions or negotiations), the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changesinquiry, modifications proposal, offer or other amendments to such Acquisition Proposal or request, request and shall promptly provide to West Fraser the other Party with copies of all material or substantive documents and correspondence (if not delivered in writing or electronic form, then by way of and if not in writing or electronic form, a description of the material terms communicated), received in respect of, from of such correspondence sent or communicated to such Party by or on behalf of any Person in connection with person making any such Acquisition Proposal, inquiry, proposal, offer or request.

Notification of Acquisition Proposals. (1) If Norbord a Party or any of its subsidiaries or, to the knowledge of Norbord, Subsidiaries or any of their respective Representatives receives Representatives, receives, or otherwise becomes aware of any inquiry, proposal or offer that constitutes or would may reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord after the date of this AgreementProposal, or any request for copies of, access to, or disclosure of, confidential information relating that is made, or that may reasonably be perceived to Norbord or any subsidiary be made, in connection with such an Acquisition Proposal, Norbord including but not limited to information, access, or disclosure relating to the properties, facilities, books or records of the Party or any of its Subsidiaries, the Party in receipt of such inquiry, proposal or offer (the “Notified Party”) shall as soon as practicable immediately notify the other Party, at first orally, and then promptly and in any event within 24 48 hours of the receipt thereof notify West Fraser (at first orally and then in writing) , of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include , including a description of its material terms and conditions and the identity of such all Persons making the Acquisition Proposal, inquiry, proposal, offer or request request, and shall provide the identity of all Persons making the Acquisition Proposal inquiry, proposal, offer or request and will provide West Fraser other Party with copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such PersonsPerson. Norbord The Notified Party shall keep West Fraser promptly and fully the other Party informed on a current basis of the status of material or substantive developments and (to the extent Norbord is permitted by Section 7.3 to enter into discussions or negotiations), the status of discussions and 5.3) negotiations with respect to any such Acquisition Proposal, inquiry, proposal, offer or request, including any material changes, modifications or other amendments to such Acquisition Proposal or request, and shall promptly provide to West Fraser copies of all material or substantive documents and correspondence (if not delivered in writing or electronic form, then by way of a description of the material terms communicated), received in respect of, from or on behalf of any Person in connection with such Acquisition Proposal, inquiry, proposal, offer or request.

Notification of Acquisition Proposals. If Norbord a Party or any of its subsidiaries or, to the knowledge of Norbord, or any of their respective Representatives Representatives, receives or otherwise becomes aware of any inquiry, proposal or offer that constitutes or would reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord after the date of this Agreement, or any request for copies of, access to, or disclosure of, confidential information relating to Norbord such Party or any subsidiary in connection with such an Acquisition Proposal, Norbord such Party shall as soon as practicable and in any event within 24 hours of the receipt thereof notify West Fraser the other Party (at first orally and then in writing) of such Acquisition Proposal, inquiry, proposal, offer Proposal or request. Such notice shall include a description of its material terms and conditions of such Acquisition Proposal, inquiry, proposal, offer Proposal or request and the identity of all Persons making the Acquisition Proposal inquiry, proposal, offer or request and will shall provide West Fraser the other Party with copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such PersonsPerson. Norbord The Party receiving the Acquisition Proposal shall keep West Fraser promptly and the other Party fully informed on a current basis of the status of material or substantive developments and (to the extent Norbord such Party is permitted by Section 7.3 or 7.4 to enter into discussions or negotiations), the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changes, modifications or other amendments to such Acquisition Proposal or request, and shall promptly provide to West Fraser the other Party with copies of all material or substantive documents and correspondence (if not delivered in writing or electronic form, then by way of and if not in writing or electronic form, a description of the material terms communicated), received in respect of, from of such correspondence sent or communicated to such Party by or on behalf of any Person in connection with making any such Acquisition Proposal.

Notification of Acquisition Proposals. If Norbord a Party or any of its subsidiaries or, to the knowledge of Norbord, or any of their respective Representatives receives an Acquisition Proposal or otherwise becomes aware of any inquiry, proposal or offer that constitutes or would could reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord after the date of this Agreement, or any request for copies of, access to, or disclosure of, confidential information relating to Norbord such Party or any subsidiary Subsidiary in connection with such an Acquisition Proposal, Norbord inquiry, proposal or offer, such Party shall as soon as practicable and in any event within 24 twenty four (24) hours of the receipt thereof notify West Fraser the other Party (at first orally and then in writing) of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include a description of its the material terms and conditions of such Acquisition Proposal, inquiry, proposal, offer or request and the identity of all Persons persons making the Acquisition Proposal Proposal, inquiry, proposal, offer or request and will such Party shall provide West Fraser the other Party with unredacted copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such Personsperson or any other information reasonably necessary to keep the other Party informed in all material respects of the Acquisition Proposal. Norbord The Party receiving the Acquisition Proposal, inquiry, proposal, offer or request shall keep West Fraser promptly and fully the other Party informed on a current basis of the status of material or substantive developments and (to the extent Norbord such Party is permitted by Section 7.3 5.3 to enter into discussions or negotiations), the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changesinquiry, modifications proposal, offer or other amendments to such Acquisition Proposal request or request, change thereof and shall promptly provide to West Fraser the other Party with copies of all material or substantive documents and correspondence (if not delivered in writing or electronic form, then by way of and if not in writing or electronic form, a description of the material terms communicated), received in respect of, from of such correspondence sent or communicated to such Party by or on behalf of any Person in connection with person making any such Acquisition Proposal, inquiry, proposal, offer or request or change thereof.

Notification of Acquisition Proposals. If Norbord a Party or any of its subsidiaries or, to the knowledge of Norbord, or any of their respective Representatives receives an Acquisition Proposal or otherwise becomes aware of any inquiry, proposal or offer that constitutes or would could reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord after the date of this Agreement, or any request for copies of, access to, or disclosure of, confidential information relating to Norbord such Party or any subsidiary Subsidiary in connection with such an Acquisition Proposal, Norbord inquiry, proposal or offer, such Party shall as soon as practicable and in any event within 24 hours of the receipt thereof notify West Fraser the other Party (at first orally and then in writing) of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include a description of its the material terms and conditions of such Acquisition Proposal, inquiry, proposal, offer or request and the identity of all Persons persons making the Acquisition Proposal Proposal, inquiry, proposal, offer or request and will such Party shall provide West Fraser the other Party with unredacted copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such Personsperson or any other information reasonably necessary to keep the other Party informed in all material respects of the Acquisition Proposal. Norbord The Party receiving the Acquisition Proposal, inquiry, proposal, offer or request shall keep West Fraser promptly and fully the other Party informed on a current basis of the status of material or substantive developments and (to the extent Norbord such Party is permitted by Section 7.3 5.3 to enter into discussions or negotiations), the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changesinquiry, modifications proposal, offer or other amendments to such Acquisition Proposal request or request, change thereof and shall promptly provide to West Fraser the other Party with copies of all material or substantive documents and correspondence (if not delivered in writing or electronic form, then by way of and if not in writing or electronic form, a description of the material terms communicated), received in respect of, from of such correspondence sent or communicated to such Party by or on behalf of any Person in connection with person making any such Acquisition Proposal, inquiry, proposal, offer or request or change thereof.

Notification of Acquisition Proposals. If Norbord a Party or any of its subsidiaries or, to the knowledge of Norbord, or any of their respective Representatives receives an Acquisition Proposal or otherwise becomes aware of any inquiry, proposal or offer that constitutes or would could reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord after the date of this Agreement, or any request for copies of, access to, or disclosure of, confidential information relating to Norbord such Party or any subsidiary Subsidiary in connection with such an Acquisition Proposal, Norbord inquiry, proposal or offer, such Party shall as soon as practicable and in any event within 24 twenty four (24) hours of the receipt thereof notify West Fraser the other Party (at first orally and then in writing) of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include a description of its the material terms and conditions of such Acquisition Proposal, inquiry, proposal, offer or request and the identity of all Persons persons making the Acquisition Proposal Proposal, inquiry, proposal, offer or request and will such Party shall provide West Fraser the other Party with unredacted copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such Personsperson or any other information reasonably necessary to keep the other Party informed in all material respects of the Acquisition Proposal. Norbord The Party receiving the Acquisition Proposal, inquiry, proposal, offer or request shall keep West Fraser promptly and fully the other Party informed on a current basis of the status of material or substantive developments and (to the extent Norbord such Party is permitted by Section 7.3 5.3 to enter into discussions or negotiations), the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changesinquiry, modifications proposal, offer or other amendments to such Acquisition Proposal request or request, change thereof and shall promptly provide to West Fraser the other Party with copies of all material or substantive documents and correspondence (if not delivered in writing or electronic form, then by way of and if not in writing or electronic form, a description of the material terms communicated), received in respect of, from of such correspondence sent or communicated to such Party by or on behalf of any Person in connection with person making any such Acquisition Proposal., inquiry, proposal, offer or request or change thereof.‌

Notification of Acquisition Proposals. If Norbord a Party or any of its subsidiaries or, to the knowledge of Norbord, or any of their respective Representatives receives an Acquisition Proposal or otherwise becomes aware of any inquiry, proposal or offer that constitutes or would could reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord after the date of this Agreement, or any request for copies of, access to, or disclosure of, confidential information relating to Norbord such Party or any subsidiary Subsidiary in connection with such an Acquisition Proposal, Norbord inquiry, proposal or offer, such Party shall as soon as practicable and in any event within 24 twenty four (24) hours of the receipt thereof notify West Fraser the other Party (at first orally and then in writing) of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include a description of its the material terms and conditions of such Acquisition Proposal, inquiry, proposal, offer or request and the identity of all Persons persons making the Acquisition Proposal Proposal, inquiry, proposal, offer or request and will such Party shall provide West Fraser the other Party with unredacted copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such Personsperson or any other information reasonably necessary to keep the other Party informed in all material respects of the Acquisition Proposal. Norbord The Party receiving the Acquisition Proposal, inquiry, proposal, offer or request shall keep West Fraser promptly and fully the other Party informed on a current basis of the status of material or substantive developments and (to the extent Norbord such Party is permitted by Section 7.3 5.3 to enter into discussions or negotiations), the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changesinquiry, modifications proposal, offer or other amendments to such Acquisition Proposal request or request, change thereof and shall promptly provide to West Fraser the other Party with copies of all material or substantive documents and correspondence (if not delivered in writing or electronic form, then by way of and if not in writing or electronic form, a description of the material terms communicated), received in respect of, from of such correspondence sent or communicated to such Party by or on behalf of any Person in connection with person making any such Acquisition Proposal, inquiry, proposal, offer or request or change thereof.

Notification of Acquisition Proposals. If Norbord the Company or any of the Company Subsidiaries or any of its subsidiaries or, to the knowledge of Norbord, or any of their respective Affiliates or Representatives receives or otherwise becomes become aware of any written or oral inquiry, proposal proposal, request for information or offer that constitutes constitutes, contemplates or would may reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord after the date of this AgreementProposal, or any request for copies of, access to, or disclosure of, confidential information relating to Norbord the Company or any subsidiary Subsidiary in connection with such an relation to a possible Acquisition Proposal, Norbord the Company shall as soon as practicable promptly notify Parent and in any event within 24 hours of the receipt thereof notify West Fraser (Parent’s Counsel, at first orally orally, and then within twenty-four (24) hours, in writing) , of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include , a description of its material terms and conditions and the identity of all Persons making the Acquisition Proposal, inquiry, proposal, offer or request and unredacted copies of all material or substantive documents, correspondence or media (whether or not electronic) received in respect of, from or on behalf of any such Person. The Company shall keep Parent promptly and fully informed on a reasonably current basis of the status, the terms of any discussions or negotiations (to the extent such discussions and negotiations are permitted by Section 5.3) and any developments and discussions relating to any Acquisition Proposal (including any financing commitments related thereto), inquiry, proposal, offer or request, including any changes, modifications or other amendments to or relating to any such Acquisition Proposal, inquiry, proposal, offer or request and the identity promptly provide to Parent unredacted copies of all Persons documents, correspondence or media if in writing or electronic form, and if not in writing or electronic form, a description of the terms of such correspondence between the Company and its Representatives and the Person making the any such Acquisition Proposal Proposal, inquiry, proposal, offer or request and will provide West Fraser with copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such Persons. Norbord shall keep West Fraser promptly and fully informed of the status of material or substantive developments and (to the extent Norbord is permitted by Section 7.3 to enter into discussions or negotiations), the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changes, modifications or other amendments to such Acquisition Proposal or request, and shall promptly provide to West Fraser copies of all material or substantive documents and correspondence (if not delivered in writing or electronic form, then by way of a description of the material terms communicated), received in respect of, from or on behalf of any Person in connection with such Acquisition Proposalits Representatives.