Common use of Superior Offers Clause in Contracts

Superior Offers. Notwithstanding anything to the contrary contained in Section 5.4(a), in the event that the Company receives an unsolicited, bona fide written Acquisition Proposal from a third party that its Board of Directors has in good faith concluded (following consultation with its outside legal counsel and its financial advisors (including the Independent Financial Advisor)) is, or is reasonably likely to lead to, a Superior Offer, the Company may then take any or all of the following actions (but only (1) if the Company has not materially breached any of the provisions set forth in this Section 5.4 in connection with such Acquisition Proposal, (2) the Scheme Meeting has not occurred and (3) to the extent the Board of Directors of the Company concludes in good faith (after consultation with its outside legal counsel) that the failure to do so would be reasonably likely to result in a breach of its fiduciary duties under applicable Legal Requirements):

Appears in 3 contracts

Samples: Implementation Agreement (Advantest Corp), Implementation Agreement (Verigy Ltd.), Implementation Agreement (Verigy Holding Co. Ltd.)

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Superior Offers. Notwithstanding anything to the contrary contained in Section 5.4(a5.3(a), in the event that the Company or any of its Representatives receives an unsolicited, bona fide written Acquisition Proposal from a third party that its Board of Directors has in good faith concluded (following consultation with its outside legal counsel and its financial advisors (including advisor that is reflected in the Independent Financial Advisorminutes of the Company)) , contains financial terms that are superior to the terms of this Agreement and otherwise is, or is reasonably likely to lead to, a Superior OfferOffer (as defined in Section 5.3(g)(ii)), the Company may then take any or all of the following actions (but only (1) if the Company has not materially breached any of the provisions set forth in this Section 5.4 in connection with such Acquisition Proposal, (2) the Scheme Meeting has not occurred and (3) to the extent the that its Board of Directors of the Company concludes in good faith (after faith, following consultation with its reputable outside legal counselcounsel experienced in such matters (including DLA Piper US LLP) and its reputable outside financial advisor experienced in such matters (including ThinkEquity) that is reflected in the minutes of the Company, that the failure to do so would be reasonably likely to result in constitute a breach of its fiduciary duties obligations under applicable Legal Requirements):

Appears in 1 contract

Samples: Agreement and Plan of Merger (Vantagemed Corp)

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Superior Offers. Notwithstanding anything to the contrary contained in Section 5.4(a), in the event that the Company receives an unsolicited, bona fide written Acquisition Proposal from a third party after the date hereof that its the Board of Directors has in good faith concluded (following consultation with its outside legal counsel and its financial advisors (including the Independent Financial Advisor)advisors) is, or is would be reasonably likely to lead to, a Superior Offer, the Company may then take any or all of the following actions (but only (1) if the Company has not materially breached any of the provisions set forth in this Section 5.4 in connection with such Acquisition Proposal, (2) the Scheme Meeting has not occurred and (3) to the extent the Board of Directors of the Company concludes in good faith (after consultation with its outside legal counselcounsel and its financial advisors) that the failure to do so would be reasonably likely expected to result in a breach of be inconsistent with its fiduciary duties under applicable Legal Requirements, and (3) prior to the receipt of the Company Shareholder Approval):

Appears in 1 contract

Samples: Implementation Agreement (SunEdison Semiconductor LTD)

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