Common use of Request for Confirmation Clause in Contracts

Request for Confirmation. In the event that the conditions set forth in Sections 1.3(a), (c) and (d) have been satisfied for not less than ten (10) Business Days, and continue to be satisfied, but GM shall not have commenced the mailing of the GM Proxy/Consent Solicitation Statement, EchoStar may from time to time make a written request (a "Confirmation Request") that GM confirm in writing (a "Confirmation") that, as of the date of such Confirmation, GM's Board of Directors continues to recommend the GM Transactions and has a good faith intention and is prepared to submit the GM Transactions to GM's common stockholders in accordance with Section 1.2(a), and continues to take all actions in accordance with Section 5.1(a) in furtherance thereof, and is in compliance with Section 5.1(j); provided, that EchoStar may not make any Confirmation Request within ten (10) Business Days after it has received a Confirmation. If EchoStar delivers a Confirmation Request to GM in accordance with the preceding sentence, then either (i) GM shall provide a Confirmation to EchoStar within five (5) Business Days following its receipt of the Confirmation Request (a "Confirmation Period") or (ii) in the event that GM fails to provide a Confirmation to EchoStar within the applicable Confirmation Period, GM shall be deemed to have delivered a Notice of Non-Recommendation as of the end of such Confirmation Period and the provisions of Section 7.1(d)(vi) of the Merger Agreement shall apply.

Appears in 2 contracts

Samples: Implementation Agreement (General Motors Corp), Implementation Agreement (Echostar Communications Corp)

AutoNDA by SimpleDocs

Request for Confirmation. In the event that the conditions set forth in Sections 1.3(a), (c) and (d) Section 7.3 have been satisfied for not less than ten (10) Business Days, and continue to be satisfied, but GM shall not have commenced the mailing of the GM Proxy/Consent Solicitation Statement, EchoStar the Purchaser may from time to time make a written request (a "Confirmation Request") that GM confirm in writing (a "Confirmation") that, as of the date of such Confirmationconfirmation, GM's Board of Directors continues to recommend the GM Transactions Requisite Vote Matters and has a good faith intention and is prepared to submit the GM Transactions Requisite Vote Matters to GM's common stockholders in accordance with Section 1.2(a7.2(a), and continues to take all actions in accordance with Section 5.1(a) 9.3 in furtherance thereof, and is in compliance with Section 5.1(j9.6 (a "Confirmation"); provided, that EchoStar the Purchaser may not make any Confirmation Request within ten (10) Business Days after it has received a Confirmation. If EchoStar the Purchaser delivers a Confirmation Request to GM in accordance with the preceding sentence, then either (i) GM shall provide a Confirmation to EchoStar the Purchaser within five (5) Business Days following its receipt of the Confirmation Request (a "Confirmation Period") or (ii) in the event that GM fails to provide a Confirmation to EchoStar the Purchaser within the applicable Confirmation Period, GM shall be deemed to have delivered a Notice of Non-Recommendation as of the end of such Confirmation Period and the provisions of Section 7.1(d)(vi3.2(d)(ii) of the Merger this Agreement shall apply.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Hughes Electronics Corp), Stock Purchase Agreement (News Corp LTD)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.