Stand Still. To induce the Purchaser to proceed with this Agreement, the Seller, MPC and the Company agree that until the Closing Date or the termination of this Agreement, no representative of the Company, the Seller or 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 interest in the Assets or the Company. The Company, MPC and the Seller each agree to advise the Purchaser of any contact from any third party regarding the acquisition or other investment of the Company or the Assets, 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)
Stand Still. To induce the Purchaser to proceed with this Agreement, the Seller, MPC Company and the Company VCGH agree that until the Closing Date or the termination of this Agreement, no representative none of the Company, representatives of the Seller Company or MPC 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 interest in of the Assets Purchased Assets, or any common stock of the Company. The Company, MPC Company and the Seller each 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 other investment any common stock of the Company or other investment in the AssetsCompany, 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)
Stand Still. To induce the Purchaser Buyer to proceed with this ------------ Agreement, the Seller, MPC Company and the Company Partnership agree that until the Closing Date or the termination of this Agreement, no neither any representative of the Company, Company nor any representative of the Seller or MPC Partnership 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 interest in assets of the Assets Company, the Partnership or the CompanyBusiness. The Company, MPC Company and the Seller each Partnership hereby agree to advise the Purchaser Buyer of any contact from any third party regarding the acquisition or other investment of in the Company Company, the Partnership or the AssetsBusiness, or of any contact which would relate to the transactions contemplated by this Agreement.
Appears in 1 contract
Samples: Purchase Agreement (Ricks Cabaret International Inc)
Stand Still. To induce the Purchaser to proceed with this Agreement, the Seller, MPC Seller and the Company agree that until the Closing Date or the termination of this Agreement, no representative of the Company, Company or any representative of the Seller or 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 ownership interest in the Assets or assets of the Company. The Company, MPC Seller and the Seller each Company hereby agree to advise the Purchaser of any contact from any third party regarding the acquisition or other investment of in the Company or the AssetsCompany, 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)