Common use of Presentation of Potential Target Businesses Clause in Contracts

Presentation of Potential Target Businesses. The Company shall cause each of the Initial Stockholders to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Initial Stockholders will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire a Target Business, until the earlier of the consummation by the Company of a Business Combination, the commencement of liquidation proceedings of the Company or until such time as the Initial Stockholders cease to be an officer or director of the Company, subject to any pre-existing fiduciary or contractual obligations the Initial Stockholders might have.

Appears in 4 contracts

Samples: Underwriting Agreement (International Metal Enterprises, Inc.), Underwriting Agreement (International Metal Enterprises, Inc.), Underwriting Agreement (International Metal Enterprises, Inc.)

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Presentation of Potential Target Businesses. The Company shall cause each of the Initial Stockholders Stockholders, officers and directors to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Initial Stockholders Stockholders, officers and directors will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire a Target Businessan operating business, until the earlier of the consummation by the Company of a Business Combination, the commencement of liquidation proceedings of the Company Company, or until such time as the such Initial Stockholders cease to be an Stockholder, officer or director of ceases to be affiliated with the Company, subject to any pre-existing fiduciary or contractual obligations the Initial Stockholders might have.

Appears in 3 contracts

Samples: Underwriting Agreement (Asia Special Situation Acquisition Corp), Underwriting Agreement (Asia Special Situation Acquisition Corp), Underwriting Agreement (Asia Special Situation Acquisition Corp)

Presentation of Potential Target Businesses. The Company shall cause each of the Initial Stockholders to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the such Initial Stockholders Stockholder will present to the Company for its consideration, prior to presentation to any other person or companyentity, any suitable opportunity to acquire a Target Business, until the earlier of the consummation by the Company of a Business Combination, the commencement of liquidation proceedings of the Company or until such time as the Initial Stockholders cease Stockholder ceases to be an officer or director of the Company, subject to any pre-existing fiduciary or contractual obligations the such Initial Stockholders might have.

Appears in 3 contracts

Samples: Underwriting Agreement (Star Maritime Acquisition Corp.), Underwriting Agreement (Star Maritime Acquisition Corp.), Underwriting Agreement (Star Maritime Acquisition Corp.)

Presentation of Potential Target Businesses. The Company shall cause each of the Directors/Officers and Initial Stockholders Stockholder to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Directors/Officers and Initial Stockholders Stockholder will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire a Target Businessan operating business, except for those investment or acquisition opportunities primarily involving the purchase of retail operations or the sale or lease of real estate in connection therewith, until the earlier of the consummation by the Company of a Business Combination, Combination or the commencement of liquidation proceedings of the Company or until such time as the Initial Stockholders cease to be an officer or director of the Company, subject to any pre-existing fiduciary obligations such Director/Officer or contractual obligations the Initial Stockholders Stockholder might have.

Appears in 2 contracts

Samples: Underwriting Agreement (United Refining Energy Corp), Underwriting Agreement (United Refining Energy Corp)

Presentation of Potential Target Businesses. The Company shall cause each of the Initial Stockholders Stockholders, including the Sponsor, and certain directors and officers to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Initial Stockholders Stockholders, the Sponsor, and certain directors and officers will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire a Target Businessan operating business, until the earlier of the consummation by the Company of a Business Combination, Combination or the commencement of liquidation proceedings of the Company or until such time as the Initial Stockholders cease to be an officer or director of the Company, subject to any pre-existing fiduciary or contractual obligations the Initial Stockholders Stockholders, the Sponsor, and certain directors and officers might have.

Appears in 2 contracts

Samples: Underwriting Agreement (Avalon Acquisition Inc.), Underwriting Agreement (Avalon Acquisition Inc.)

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Presentation of Potential Target Businesses. The Company shall cause each of the Initial Stockholders to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Initial Stockholders will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire a Target Business, until the earlier of the consummation by the Company of a Business Combination, the commencement of liquidation proceedings of the Company or until such time as the Initial Stockholders cease to be an officer or director of the Company, subject to any pre-existing fiduciary or contractual obligations the Initial Stockholders might have.

Appears in 1 contract

Samples: Underwriting Agreement (International Shipping Enterprises, Inc.)

Presentation of Potential Target Businesses. The Company shall cause each of the Initial Stockholders to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, the Initial Stockholders will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire a Target Business, until the earlier of the consummation by the Company of a Business Combination, the commencement of liquidation proceedings distribution of the Company Trust Account or until such time as the Initial Stockholders cease to be an officer or director of the Company, subject to any pre-existing fiduciary or contractual obligations the Initial Stockholders might have.

Appears in 1 contract

Samples: Underwriting Agreement (TC Acquisition Corp.)

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