Common use of Notification of Acquisition Proposals Clause in Contracts

Notification of Acquisition Proposals. If West Fraser or any of its subsidiaries or, to the knowledge of West Fraser, 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 West Fraser after the date of this Agreement, or any request for copies of, access to, or disclosure of, confidential information relating to West Fraser or any subsidiary in connection with such an Acquisition Proposal, West Fraser shall as soon as practicable and in any event within 24 hours of the receipt thereof notify Norbord (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 Norbord with copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such Persons. West Fraser shall keep Norbord promptly and fully informed of the status of material or substantive developments and (to the extent West Fraser is permitted by Section 7.7 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 Norbord 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 West Fraser the Company or any of its subsidiaries or, to the knowledge of West Fraser, Subsidiaries or any of their respective Representatives receives or otherwise becomes aware of (x) any inquiry, proposal or offer that constitutes or would could reasonably be expected to constitute or lead to an Acquisition Proposal with respect to West Fraser after the date of this Agreement, or (y) any request for copies of, access to, or disclosure of, confidential non-public information relating to West Fraser the Company or any subsidiary of its Subsidiaries or access to the properties, books or records of the Company or any Subsidiary in connection with such any inquiry, proposal or offer that constitutes or could reasonably be expected to constitute or lead to an Acquisition Proposal, West Fraser then the Company shall promptly notify the Parent orally and then as soon as reasonably practicable and thereafter (and, in any event event, within 24 hours of the receipt thereof notify Norbord twenty-four (at first orally and then 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 writing of such Acquisition Proposal, inquiry, proposal, offer or request and shall indicate the identity of all the Person or group of Persons making the such proposal, inquiry or contact and all material terms and conditions thereof and shall provide a copy of any such Acquisition Proposal Proposal, inquiry, proposal, offer or request and will provide Norbord with unredacted copies of all material written documents, correspondence or other material received in respect of, from or on behalf communications (and a summary of any such Personsall substantive discussions) related thereto. West Fraser The Company shall keep Norbord the Parent promptly (and fully in any event within 24 hours) informed of the status of material or substantive developments and (status, including any change to the extent West Fraser is permitted by Section 7.7 to enter into discussions or negotiations)material terms, the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changesinquiry, modifications or other amendments to such Acquisition Proposal proposal, offer or request. The Company agrees that it will not, and shall promptly provide to Norbord copies of all material directly or substantive documents and correspondence (if not delivered in writing or electronic formindirectly, then by way of a description of the material terms communicated) received in respect of, from or on behalf of enter into any agreement with any Person which directly or indirectly prohibits the Company from providing any information to the Parent in connection with such Acquisition Proposalaccordance with, or otherwise complying with, this Article 7.

Notification of Acquisition Proposals. If West Fraser the Parent or any of its subsidiaries or, to the knowledge of West Fraser, Subsidiaries or any of their respective Representatives receives or otherwise becomes aware of (x) any inquiry, proposal or offer that constitutes or would could reasonably be expected to constitute or lead to an Acquisition Proposal with respect to West Fraser after the date of this Agreement, or (y) any request for copies of, access to, or disclosure of, confidential non-public information relating to West Fraser the Parent or any subsidiary of its Subsidiaries or access to the properties, books or records of the Parent or any Subsidiary in connection with such any inquiry, proposal or offer that constitutes or could reasonably be expected to constitute or lead to an Acquisition Proposal, West Fraser then the Parent shall promptly notify the Company orally and then as soon as reasonably practicable and thereafter (and, in any event event, within 24 hours of the receipt thereof notify Norbord twenty-four (at first orally and then 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 writing of such Acquisition Proposal, inquiry, proposal, offer or request and shall indicate the identity of all the Person or group of Persons making the such proposal, inquiry or contact and all material terms and conditions thereof and shall provide a copy of any such Acquisition Proposal Proposal, inquiry, proposal, offer or request and will provide Norbord with unredacted copies of all material written documents, correspondence or other material received in respect of, from or on behalf communications (and a summary of any such Personsall substantive discussions) related thereto. West Fraser The Parent shall keep Norbord the Company promptly (and fully in any event within 24 hours) informed of the status of material or substantive developments and (status, including any change to the extent West Fraser is permitted by Section 7.7 to enter into discussions or negotiations)material terms, the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changesinquiry, modifications or other amendments to such Acquisition Proposal proposal, offer or request. The Parent agrees that it will not, and shall promptly provide to Norbord copies of all material directly or substantive documents and correspondence (if not delivered in writing or electronic formindirectly, then by way of a description of the material terms communicated) received in respect of, from or on behalf of enter into any agreement with any Person which directly or indirectly prohibits the Parent from providing any information to Company in connection with such Acquisition Proposalaccordance with, or otherwise complying with, this Article 8.