Common use of Notification of Acquisition Proposals Clause in Contracts

Notification of Acquisition Proposals. If a Party or any of its Representatives receives an Acquisition Proposal or any inquiry, proposal or offer that could reasonably be expected to lead to an Acquisition Proposal after the date of this Agreement, or any request for copies of, access to, or disclosure of, confidential information relating to such Party or any subsidiary in connection with such an Acquisition Proposal, inquiry, proposal or offer, such Party shall as soon as practicable and in any event within 24 hours of the receipt thereof notify 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 the 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 such Party shall provide the other Party with copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such person. The Party receiving the Acquisition Proposal, inquiry, proposal, offer or request shall keep the other Party informed on a current basis of the status of material or substantive developments and (to the extent 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, inquiry, proposal, offer or request and shall provide the other Party with copies of all material or substantive correspondence if in writing or electronic form, and if not in writing or electronic form, a description of the material terms of such correspondence sent or communicated to such Party by or on behalf of any person making any such Acquisition Proposal, inquiry, proposal, offer or request.

Notification of Acquisition Proposals. (1) If a Party or any of its Representatives receives an Acquisition Proposal Subsidiaries or any of their respective Representatives, receives, or otherwise becomes aware of any inquiry, proposal or offer that could constitutes or may reasonably be expected to constitute or lead to an Acquisition Proposal 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 such Party or any subsidiary be made, in connection with such an Acquisition Proposal, 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 offeroffer (the “Notified Party”) shall immediately notify the other Party, such Party shall as soon as practicable at first orally, and then promptly and in any event within 24 48 hours of the receipt thereof notify the other Party (at first orally and then in writing) , of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include , including a description of the its material terms and conditions of such Acquisition Proposal, inquiry, proposal, offer or request and the identity of all persons Persons making the Acquisition Proposal, inquiry, proposal, offer or request request, and such Party shall provide the other Party with copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such personPerson. The Notified Party receiving the Acquisition Proposal, inquiry, proposal, offer or request shall keep the other Party informed on a current basis of the status of material or substantive developments and (to the extent such Party 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 and shall provide the request, including any changes, modifications or other Party with copies of all material or substantive correspondence if in writing or electronic form, and if not in writing or electronic form, a description of the material terms of such correspondence sent or communicated amendments to such Party by or on behalf of any person making any such Acquisition Proposal, inquiry, proposal, offer or request.