Common use of Stand Still Clause in Contracts

Stand Still. To induce Purchaser to proceed with this Agreement, the Company and VCGH agree that until the Closing Date or the termination of this Agreement, none of the representatives of the Company or VCGH will offer to sell or solicit any offer to purchase or engage in any discussions or activities of any nature whatsoever, directly or indirectly, involving in any manner the actual or potential sale, transfer, encumbrance, pledge, collateralization or hypothecation of any of the Purchased Assets, or any common stock of the Company. The Company and VCGH hereby agree to advise the Purchaser of any contact from any third party regarding the possible acquisition of any of the Purchased Assets or any common stock of the Company or other investment in the Company, the acquisition of the Premises, or of any contact which would relate to the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ricks Cabaret International Inc), Asset Purchase Agreement (VCG Holding Corp)

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Stand Still. To induce the Purchaser to proceed with this Agreement, the Seller, MPC and the Company and VCGH agree that until the Closing Date or the termination of this Agreement, none no representative of the representatives of Company, the Company Seller or VCGH MPC will offer to sell or solicit any offer to purchase or engage in any discussions or activities of any nature whatsoever, directly or indirectly, involving in any manner the actual or potential sale, transfer, encumbrance, pledge, collateralization or hypothecation of any of interest in the Purchased Assets, Assets or any common stock of the Company. The Company Company, MPC and VCGH hereby the Seller each agree to advise the Purchaser of any contact from any third party regarding the possible acquisition of any of the Purchased Assets or any common stock other investment of the Company or other investment in the Company, the acquisition of the PremisesAssets, or of any contact which would relate to the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Purchase Agreement (Torchlight Energy Resources Inc), Purchase Agreement (Torchlight Energy Resources Inc)

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Stand Still. To induce the Purchaser to proceed with this Agreement, the Seller and the Company and VCGH agree that until the Closing Date or the termination of this Agreement, none of the representatives no representative of the Company or VCGH any representative of the Seller will offer to sell or solicit any offer to purchase or engage in any discussions or activities of any nature whatsoever, directly or indirectly, involving in any manner the actual or potential sale, transfer, encumbrance, pledge, collateralization or hypothecation of any of the Purchased Assets, ownership interest in or any common stock assets of the Company. The Seller and the Company and VCGH hereby agree to advise the Purchaser of any contact from any third party regarding the possible acquisition of any of the Purchased Assets or any common stock of the Company or other investment in the Company, the acquisition of the Premises, or of any contact which would relate to the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ricks Cabaret International Inc)

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