Common use of Suspension on Competing Transaction Clause in Contracts

Suspension on Competing Transaction. The provisions of Section 4.1 shall become inoperative and of no further force or effect upon the occurrence of a Competing Transaction with respect to the Company; provided that if any Competing Transaction has lapsed, is abandoned, terminated or is otherwise no longer pending, the provisions of Section 4.1 shall again thereafter be in full force and effect.

Appears in 2 contracts

Samples: Standstill Agreement (BioPharmX Corp), Standstill Agreement (BioPharmX Corp)

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Suspension on Competing Transaction. The provisions of this Section 4.1 3 shall become inoperative and of no further force or effect upon the occurrence of a Competing Transaction with respect to the Company; provided that if any Competing Transaction has lapsed, is abandoned, terminated or is otherwise no longer pending, the provisions of this Section 4.1 3 shall again thereafter be in full force and effect.

Appears in 2 contracts

Samples: Voting and Standstill Agreement, Voting and Standstill Agreement (Cloudera, Inc.)

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