Waiver of Conflict. Each of the Parties acknowledges and agrees, on its own behalf and on behalf of its directors, members, partners, officers, employees and Affiliates that the Company is the client of Xxxxxxx Procter LLP (“Firm”), and not any of the Company Stockholders. After the Closing, it is possible that Firm will represent the Company Stockholders, the Company Stockholder Representative and their respective Affiliates (individually or collectively, the “Seller Group”) in connection with the transactions contemplated herein, or in the Escrow Agreement, the escrowed funds described in Section 1.8 hereof, any claims made thereunder pursuant to this Agreement or the Escrow Agreement. The Buyer, Merger Sub and the Company hereby agree that Firm (or any successor) may represent the Seller Group in the future in connection with issues that may arise under this Agreement, the Escrow Agreement, the administration of the escrowed funds described in Section 1.8 hereof and any claims that may be made thereunder pursuant to this Agreement or the Escrow Agreement. Firm (or any successor) may serve as counsel to all or a portion of the Seller Group or any director, member, partner, officer, employee, representative, or Affiliate of the Seller Group, in connection with any litigation, claim or obligation arising out of or relating to this Agreement, the Escrow Agreement, or the transactions contemplated by this Agreement or the Escrow Agreement. Each of the Buyer, Merger Sub and the Company consents thereto, and waives any conflict of interest arising therefrom, and each such party shall cause any Affiliate thereof to consent to waive any conflict of interest arising from such representations. Each of the Buyer, the Merger Sub and the Company acknowledges that such consent and waiver is voluntary, that it has been carefully considered, and that the parties have consulted with counsel or have been advised they should do so in this connection. Communications between the Company and Firm will become the property of the Company Stockholder Representative and the Company Stockholders following the Closing and will not be disclosed to the Buyer or Merger Sub without the prior written consent of the Company Stockholder Representative.
Appears in 2 contracts
Samples: Merger Agreement (Skyworks Solutions, Inc.), Merger Agreement (Skyworks Solutions, Inc.)
Waiver of Conflict. Each Recognizing that Xxxxxx Xxxxxxx Xxxxx & Xxxxxxxxxxx LLP (“Xxxxxx Xxxxxxx”) and Pinsent Masons (“Pinsent Masons”, and together with Xxxxxx Xxxxxxx, the “Law Firms”) have acted as legal counsel to the Company and the Subsidiary prior to the Closing Date in the course of the Parties acknowledges negotiation, documentation and agreesconsummation of the transactions contemplated hereby (the “Current Representation”), and that Law Firms may act as legal counsel to Sellers and their Affiliates after the Closing Date in connection with the Current Representation, each of the Company, Subsidiary and Buyer hereby waives, on its own behalf and on behalf agrees to cause its Affiliates to waive, any conflicts that may arise directly as a result of its directors, members, partners, officers, employees and Affiliates that the Company is the client of Xxxxxxx Procter LLP (“Firm”), and not Law Firms representing any of the Company StockholdersSellers or their Affiliates after the Closing Date to the extent connected with the Current Representation. After In addition, all communications involving attorney-client communications between or among the ClosingCompany, it is possible that Firm will represent the Company StockholdersSubsidiary, the Company Stockholder Representative and Sellers, or any of their respective Affiliates and the Law Firms, solely to the extent that such communications (individually a) would be considered attorney-client confidences under applicable Law and (b) (i) solely relate to the Current Representation or collectively(ii) solely relate to Sellers (the “Privileged Communications”) shall be deemed to be attorney-client confidences of Sellers (and not Buyer). Accordingly, the “Seller Group”Privileged Communications shall remain privileged after the Closing Date and the Company, Subsidiary or Buyer shall not use any such Privileged Communications or demand access to the files of the Law Firms related to the Privileged Communications. Without limiting the generality of the foregoing, upon and after the Closing Date, (i) Sellers (and not the Company, Subsidiary or Buyer) shall be the sole holder of the attorney-client privilege with respect to the Privileged Communications, and the Company or Subsidiary shall not be a holder thereof, (ii) to the extent that files of the Law Firms in connection with respect of Privileged Communications constitute property of the transactions contemplated hereinclient, only Sellers (and not the Company, Subsidiary or Buyer) shall hold such property rights and (iii) the Law Firms shall have no duty whatsoever to reveal or disclose any such Privileged Communications or such files thereof to the Company, Subsidiary or Buyer by reason of any attorney-client relationship between the Law Firms and the Company, Subsidiary or otherwise. Notwithstanding the foregoing, in the event that a dispute arises between Buyer or the Company, or in the Escrow Agreement, the escrowed funds described in Section 1.8 hereof, any claims made thereunder pursuant Subsidiary and a third party (other than a Party to this Agreement or any of their respective Affiliates) after the Escrow Agreement. The BuyerClosing Date, Merger Sub and the Company hereby agree or Subsidiary may assert the attorney-client privilege to prevent disclosure of confidential communications by the Law Firms to such third party; provided, however, that Firm (or any successor) may represent the Seller Group in the future in connection with issues that may arise under this Agreement, the Escrow Agreement, the administration of the escrowed funds described in Section 1.8 hereof and any claims that may be made thereunder pursuant to this Agreement or the Escrow Agreement. Firm (or any successor) may serve as counsel to all or a portion of the Seller Group or any director, member, partner, officer, employee, representative, or Affiliate of the Seller Group, in connection with any litigation, claim or obligation arising out of or relating to this Agreement, the Escrow Agreement, or the transactions contemplated by this Agreement or the Escrow Agreement. Each of the Buyer, Merger Sub and neither the Company consents thereto, and waives any conflict of interest arising therefrom, and each nor the Subsidiary may waive such party shall cause any Affiliate thereof to consent to waive any conflict of interest arising from such representations. Each of the Buyer, the Merger Sub and the Company acknowledges that such consent and waiver is voluntary, that it has been carefully considered, and that the parties have consulted with counsel or have been advised they should do so in this connection. Communications between the Company and Firm will become the property of the Company Stockholder Representative and the Company Stockholders following the Closing and will not be disclosed to the Buyer or Merger Sub privilege without the prior written consent of Sellers (not to be unreasonably withheld, conditioned or delayed). The Parties hereto agree that, other than the Privileged Communications, as to all other pre-Closing communications between the Law Firms, on the one hand, and the Company, Subsidiary or any of its Affiliates, on the other hand, including such communications that relate to the prior and ongoing business of the Company Stockholder Representativeor Subsidiary, the attorney-client privilege and all other rights to any evidentiary privilege shall continue to belong to the Company or Subsidiary and may be controlled by the Company or the Subsidiary and shall not pass to or be claimed by Sellers or their Affiliates. Buyer shall not knowingly disclose any Privileged Communications to any third party following the Closing Date, unless compelled to disclose such Privileged Communications by judicial or administrative process or by other applicable Law. Buyer shall, to the extent permitted by applicable Law, promptly upon receipt by Buyer of any subpoena, discovery or other request from a third party that, to Buyer’s knowledge, calls for the production or disclosure of any Privileged Communications, promptly notify the Sellers of the existence of such subpoena, discovery or other request so that Sellers may assert, at the Sellers’ sole cost, any rights it may have to prevent the production or disclosure of such Privileged Communications.
Appears in 2 contracts
Samples: Share Purchase Agreement (Transcat Inc), Share Purchase Agreement (Transcat Inc)
Waiver of Conflict. Each Recognizing that Xxxxxx Xxxxxxx Xxxxx & Xxxxxxxxxxx LLP (“NMRS”) has acted as legal counsel to certain holders of Lime Stock and the Parties acknowledges Lime Entities prior to the Closing, and agreesthat NMRS intends to act as legal counsel to certain holders of Lime Stock after the Closing, each of Parent and the Surviving Corporation (including on behalf of Lime) hereby waives, on its own behalf and on behalf of agrees to cause its directorsAffiliates to waive, members, partners, officers, employees and Affiliates any conflicts that the Company is the client of Xxxxxxx Procter LLP (“Firm”), and not may arise in connection with NMRS representing any of the Company Stockholders. After holders of Lime Stock and/or its Affiliates after the ClosingClosing as such representation may relate to Parent, it is possible that Firm will represent the Company Stockholders, the Company Stockholder Representative and their respective Affiliates (individually Lime or collectively, the “Seller Group”) in connection with the transactions contemplated herein. In addition, all communications involving attorney-client confidences between any holders of Lime Stock and its Affiliates in the course of the negotiation, documentation and consummation of the transactions contemplated hereby (collectively, “Acquisition Privileged Communications”) shall be deemed to be attorney-client confidences that belong solely to such holders of Lime Stock and their Affiliates (and not Lime). Accordingly, Lime shall not have access to any Acquisition Privileged Communications, or to the files of NMRS relating to such engagement, whether or not the Closing shall have occurred. Without limiting the generality of the foregoing, upon and after the Closing, (i) the applicable holders of Lime Stock and their Affiliates (and not Lime) shall be the sole holders of the attorney-client privilege with respect to such engagement, and neither Lime nor the Surviving Corporation shall be a holder thereof, (ii) to the extent that files of NMRS in respect of such engagement constitute property of the client, only the applicable holders of Lime Stock and their Affiliates (and not Lime) shall hold such property rights and (iii) NMRS shall have no duty whatsoever to reveal or disclose any such attorney-client communications or files to Lime by reason of any attorney-client relationship between NMRS and Lime or otherwise. Notwithstanding the foregoing, in the Escrow Agreement, the escrowed funds described in Section 1.8 hereof, any claims made thereunder pursuant event that a dispute arises between Parent or Lime and a Third Party (other than a party to this Agreement or any of their respective Affiliates) after the Escrow Agreement. The BuyerClosing, Merger Sub and the Company hereby agree that Firm Surviving Corporation (or any successorincluding on behalf of Lime) may represent assert the Seller Group in the future in connection with issues that may arise under this Agreementattorney-client privilege to prevent disclosure of confidential communications by NMRS to such Third Party; provided, the Escrow Agreement, the administration of the escrowed funds described in Section 1.8 hereof and any claims that may be made thereunder pursuant to this Agreement or the Escrow Agreement. Firm (or any successor) may serve as counsel to all or a portion of the Seller Group or any director, member, partner, officer, employee, representative, or Affiliate of the Seller Group, in connection with any litigation, claim or obligation arising out of or relating to this Agreement, the Escrow Agreement, or the transactions contemplated by this Agreement or the Escrow Agreement. Each of the Buyer, Merger Sub and the Company consents thereto, and waives any conflict of interest arising therefrom, and each such party shall cause any Affiliate thereof to consent to waive any conflict of interest arising from such representations. Each of the Buyer, the Merger Sub and the Company acknowledges that such consent and waiver is voluntaryhowever, that it has been carefully considered, and that the parties have consulted with counsel or have been advised they should do so in this connection. Communications between the Company and Firm will become the property of the Company Stockholder Representative and the Company Stockholders following the Closing and will Surviving Corporation may not be disclosed to the Buyer or Merger Sub waive such privilege without the prior written consent of the Company Stockholder Representativeholders of Lime Stock. Parent agrees that it shall not, and that after the Closing it shall cause its Affiliates (including the Surviving Corporation) not to, (i) access or use the Acquisition Privileged Communications, including by way of review of any electronic data, communications or other information, or by otherwise asserting that Parent or any of its Affiliates (including the Surviving Corporation) has the right to waive the attorney-client or other privilege, or (ii) seek to obtain the Acquisition Privileged Communications from NMRS.
Appears in 1 contract
Waiver of Conflict. Each It is acknowledged by each of the Parties acknowledges parties hereto that Owners and agrees, on its own behalf and on behalf each of its directors, members, partners, officers, employees and Affiliates that the Company is the client of Xxxxxxx Procter LLP (“Firm”), and not any of the Company Stockholders. After the Closing, it is possible that Firm will represent the Company Stockholders, the Company Stockholder Representative and their respective Affiliates have retained Xxxx Xxxxx LLP (individually or collectively, the “Seller GroupOwners Counsel”) to act as their counsel in connection with the transactions contemplated herein, or in the Escrow Agreement, the escrowed funds described in Section 1.8 hereof, hereby and that Owners Counsel has not acted as counsel for any claims made thereunder pursuant to this Agreement or the Escrow Agreement. The Buyer, Merger Sub and the Company hereby agree that Firm (or any successor) may represent the Seller Group in the future other Person in connection with issues the transactions contemplated hereby and that no other Person has the status of a client of the Owners Counsel for conflict of interest or any other purposes as a result thereof. Owners and Buyer hereby agree that, in the event that a dispute arises between Owners and Buyer or any of their respective Affiliates, Owners Counsel may arise under represent Owners or any of their Affiliates in such dispute even though the interests of Owners or any of its Affiliates may be directly adverse to Buyer or any of its respective Affiliates and even though Owners Counsel may have represented Buyer in a matter substantially related to such dispute, and Buyer and the irrespective Affiliates hereby waive, on behalf of itself and each of its Affiliates, any conflict of interest in connection with such representation by Owners Counsel and agree not to seek to have Owners Counsel disqualified from representing Owners or any of their Affiliates in connection with such dispute. Each of Owners and Buyer further agrees that, as to all pre-Closing communications between or among any of Owners Counsel, Owners and any of their respective Affiliates or advisors, agents or representatives to the extent related to the transactions contemplated by this Agreement, the Escrow Agreementattorney-client privilege, the administration expectation of client confidence and all other rights to any evidentiary privilege belong to Owners and their Affiliates, as applicable, and may be controlled by Owners and their Affiliates and shall not pass to or be claimed by Buyer or any of its respective Affiliates. Each of Buyer and Owners further agrees, on behalf of itself and its Affiliates, that all communications that occurred prior to the escrowed funds described Closing in Section 1.8 hereof any form or format whatsoever between or among any of Owners Counsel, Owners and any claims of their respective Affiliates, advisors, agents or representatives that may be made thereunder pursuant relate to this Agreement or the Escrow Agreement. Firm (or any successor) may serve as counsel to all or a portion negotiation, documentation and consummation of the Seller Group or any director, member, partner, officer, employee, representative, or Affiliate of the Seller Group, in connection with any litigation, claim or obligation arising out of or relating to this Agreement, the Escrow Agreement, or the transactions contemplated by this Agreement or the Escrow Agreement. Each of the Buyer, Merger Sub and the Company consents thereto, and waives any conflict of interest dispute arising therefrom, and each such party shall cause any Affiliate thereof to consent to waive any conflict of interest arising from such representations. Each of the Buyerunder this Agreement (collectively, the Merger Sub “Deal Communications”) shall be deemed to be retained and owned collectively by Owners, shall be controlled by Owners and shall not pass to or be claimed by Buyer or its Affiliates. All Deal Communications that are attorney-client privileged (the Company acknowledges “Privileged Deal Communications”) shall remain privileged after the Closing. To the extent that such consent and waiver is voluntary, that it has been carefully considered, and that the parties have consulted with counsel or have been advised they should do so files in this connection. respect of any Privileged Deal Communications between the Company and Firm will become the constitute property of the Company Stockholder Representative client, the privilege and the Company Stockholders following the Closing expectation of client confidence relating thereto shall belong solely to Owners and will their Affiliates, shall be controlled by Owners and their Affiliates and shall not pass to or be disclosed to the claimed by Buyer or Merger Sub without the prior written consent of the Company Stockholder Representativeits Affiliates.
Appears in 1 contract
Samples: Assignment and Purchase Agreement (South Carolina Electric & Gas Co)
Waiver of Conflict. Each of the Parties acknowledges and agrees, on its own behalf and Purchaser (on behalf of itself and its directorsAffiliates, members, partners, officers, employees and Affiliates that including the Company is the client of Xxxxxxx Procter LLP (“Firm”), and not any of the Company Stockholders. After Group Companies following the Closing) hereby irrevocably acknowledges and agrees that (a) SellerCo, it is possible that Firm will represent the Company Stockholders, the Company Stockholder Representative its Affiliates and their respective Affiliates Representatives (individually or collectively, the “Seller Group”) shall have the right to retain Proskauer Rose LLP (the “Designated Firm”) to represent its or their interests in any dispute arising under or in connection with the transactions contemplated herein, or in the Escrow Agreement, the escrowed funds described in Section 1.8 hereof, any claims made thereunder pursuant to this Agreement or the Escrow Agreement. The Buyer, Merger Sub and the Company hereby agree that Firm (or any successor) may represent the Seller Group in the future in connection with issues that may arise under this Agreement, the Escrow Agreement, the administration of the escrowed funds described in Section 1.8 hereof and any claims that may be made thereunder pursuant to this Agreement or the Escrow Agreement. Firm (or any successor) may serve as counsel to all or a portion of the Seller Group or any director, member, partner, officer, employee, representative, or Affiliate of the Seller Group, in connection with any litigation, claim or obligation arising out of or relating to this Agreement, the Escrow AgreementTransaction Document, or the transactions contemplated hereby or thereby (a “Dispute”); and irrevocably waives, consents to and covenants not to assert any objection, based on conflict of interest or otherwise, to any such representation of the Seller Group by the Designated Firm in any Dispute, (b) all communications between the Seller Group (including the Group Companies prior to the Closing), on the one hand, and the Designated Firm, on the other hand, made in connection with the negotiation, preparation, execution, delivery and closing under, or any Dispute arising in connection with, this Agreement or the Escrow Agreement. Each any Transaction Document or otherwise relating to any potential sale of the BuyerGroup Companies (the “Protected Seller Communications”), Merger Sub shall be deemed to be privileged and confidential communications belonging to the Seller Group, (c) all rights to such Protected Seller Communications, and the Company consents control of the confidentiality and privilege applicable thereto, and waives any conflict of interest arising therefromshall be retained by the Seller Group, and each such party (d) after the Closing, to the extent Purchaser or any of its Affiliates (including the Group Companies) should discover in its possession any Protected Seller Communications, it shall cause any Affiliate take reasonable steps to preserve the confidentiality thereof and promptly deliver the same to consent to waive any conflict of interest arising from such representations. Each of the BuyerSellerCo, the Merger Sub and the Company acknowledges that such consent and waiver is voluntary, that it has been carefully consideredkeeping no copies, and that the parties have consulted with counsel shall not by reason thereof assert any loss of confidentiality or have been advised they should do so in this connection. Communications between the Company and Firm will become the property of the Company Stockholder Representative and the Company Stockholders following the Closing and will not be disclosed to the Buyer or Merger Sub without the prior written consent of the Company Stockholder Representativeprivilege protection.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (E2open Parent Holdings, Inc.)
Waiver of Conflict. Each of the Parties acknowledges (a) Purchaser waives and agreeswill not assert, on its own behalf and on behalf of its directors, members, partners, officers, employees and Affiliates that agrees to cause the Company is the client of Xxxxxxx Procter LLP (“Firm”), and any Subsidiary to waive and to not any of the Company Stockholders. After the Closing, it is possible that Firm will represent the Company Stockholders, the Company Stockholder Representative and their respective Affiliates (individually or collectively, the “Seller Group”) in connection with the transactions contemplated herein, or in the Escrow Agreement, the escrowed funds described in Section 1.8 hereofassert, any claims made thereunder pursuant to this Agreement or the Escrow Agreement. The Buyer, Merger Sub and the Company hereby agree that Firm (or any successor) may represent the Seller Group in the future in connection with issues that may arise under this Agreement, the Escrow Agreement, the administration conflict of the escrowed funds described in Section 1.8 hereof and any claims that may be made thereunder pursuant to this Agreement or the Escrow Agreement. Firm (or any successor) may serve as counsel to all or a portion of the Seller Group or any director, member, partner, officer, employee, representative, or Affiliate of the Seller Group, in connection with any litigation, claim or obligation interest arising out of or relating to this Agreementthe representation, after the Escrow AgreementClosing (the “Post-Closing Representation”), of any stockholder, officer, employee or the transactions contemplated by director of Company or any Subsidiary (any such Person, a “Designated Person”) in any matter involving this Agreement or the Escrow Agreement. Each of the Buyerany other agreements or transactions contemplated thereby, Merger Sub and by any legal counsel currently representing the Company consents theretoor any Subsidiary in connection with this Agreement or any other agreements or transactions contemplated thereby (the “Current Representation”).
(b) Purchaser waives and will not assert, and waives any conflict of interest arising therefrom, and each such party shall agrees to cause any Affiliate thereof to consent to waive any conflict of interest arising from such representations. Each of the Buyer, the Merger Sub and the Company acknowledges that such consent and waiver is voluntary, that it has been carefully considered, and that the parties have consulted with counsel or have been advised they should do so in this connection. Communications between the Company and Firm will become any Subsidiary to waive and to not assert, any attorney-client privilege with respect to any communication between any legal counsel and any Designated Person occurring during the property Current Representation in connection with any Post-Closing Representation, including in connection with a dispute with Purchaser, and following the Closing, with the Company or any Subsidiary, it being the intention of the Company Stockholder Representative parties hereto that all such rights to such attorney-client privilege and to control such attorney-client privilege shall be retained by the Company Stockholders following Stockholders; provided, that the Closing foregoing waiver and will acknowledgment of retention shall not be disclosed extend to any communication not involving this Agreement or any other agreements or transactions contemplated thereby, or to communications with any Person other than the Buyer or Merger Sub without the prior written consent Designated Persons and their advisers. EXECUTED as of the Company Stockholder Representative.day and year first above written. Xxxxx X. Xxxxxx President & Chief Executive Officer By: Xxxxxxx X. Xxxxxxx Executive Vice President By: Xxxxxxx X. Xxxxxxx Executive Vice President
Appears in 1 contract
Samples: Merger Agreement (Pogo Producing Co)
Waiver of Conflict. Each of the Parties parties hereto acknowledges and agrees, on its own behalf and on behalf of its directors, members, partners, officers, employees employees, and Affiliates that the Company is the client of each of Xxxx Xxxxxxx Procter LLP and DLA Piper US LLP (each a “Law Firm”), and not any of the Company Stockholders. After the Closing, it is possible that Law Firm will represent the Company Stockholders, holders of Company Options, Company Warrantholders, the Company Stockholder Representative and their respective Affiliates (individually or and collectively, the “Seller Group”) in connection with the transactions contemplated herein, or in the Escrow Agreement, the escrowed funds described in Section 1.8 hereof, any claims made thereunder pursuant matters related to this Agreement or the Escrow Agreement, including, without limitation, matters related to the Escrow Amount and any claims related thereto pursuant to this Agreement. The BuyerParent, Merger Sub the Company and the Company Surviving Corporation, hereby agree that each Law Firm (or any successor) may represent the Seller Group in the future in connection with issues that may arise under matters related to this Agreement, Agreement or the Escrow Agreement, the administration of the escrowed funds described in Section 1.8 hereof Agreement and any claims that may be made thereunder pursuant to this Agreement or the Escrow Agreement. Each Law Firm (or any successor) may serve as counsel to all or a portion of the Seller Group or any director, member, partner, officer, employee, representative, or Affiliate of the Seller Group, in connection with any litigation, claim or obligation arising out of or relating to this Agreement, Agreement or the Escrow Agreement, Agreement or the transactions contemplated by this Agreement or the Escrow Agreement. Each Agreement and each of the Buyer, Merger Sub and the Company parties hereto hereby consents thereto, thereto and waives any conflict of interest arising therefrom, therefrom and each of such party parties shall cause any Affiliate thereof to consent to waive any conflict of interest arising from such representationsrepresentation. Each of the Buyer, the Merger Sub and the Company parties hereto acknowledges that such consent and waiver is voluntary, that it has been carefully considered, considered and that the parties have consulted with counsel or have been advised they should do so in connection with this connection. Communications between the Company waiver and Firm will become the property of the Company Stockholder Representative and the Company Stockholders following the Closing and will not be disclosed to the Buyer or Merger Sub without the prior written consent of the Company Stockholder Representativeconsent.
Appears in 1 contract
Samples: Merger Agreement (Lsi Corp)
Waiver of Conflict. Each of the Parties acknowledges and agrees(a) Parent, on its own behalf and on behalf of itself and its directorsAffiliates (including, membersafter the Closing, partners, officers, employees the Surviving Corporation) acknowledges and Affiliates agrees that DLA Piper LLP (US) (“DLA Piper”) has acted as counsel for the Sellers and the Company is in connection with this Agreement and the client of Xxxxxxx Procter LLP transactions contemplated hereby (the “FirmAcquisition Engagement”), and in connection with this Agreement and the transactions contemplated hereby, DLA Piper has not acted as counsel for Parent or any of Affiliate thereof.
(b) Only the Company Stockholders. After the Closing, it is possible that Firm will represent the Company StockholdersSellers, the Company Stockholder Representative (prior to the Effective Time) and their respective Affiliates shall be considered clients of DLA Piper in the Acquisition Engagement. Parent, on behalf of itself and its Affiliates (individually or collectivelyincluding after the Closing, the “Seller Group”Surviving Corporation) acknowledges and agrees that all confidential communications between the Sellers, the Company and their respective Affiliates, on the one hand, and DLA Piper, on the other hand, in connection with the transactions contemplated hereincourse of the Acquisition Engagement, and any attendant attorney-client privilege, attorney work product protection, and expectation of client confidentiality applicable thereto, shall be deemed to belong solely to the Sellers and their Affiliates (other than the Company), and not the Company, and shall not pass to or be claimed, held, or in used by the Escrow AgreementParent or the Surviving Corporation upon or after the Closing. Accordingly, the escrowed funds described Parent shall not have access to any such communications, or to the files of DLA Piper relating to the Acquisition Engagement, whether or not the Closing occurs. Without limiting the generality of the foregoing, upon and after the Closing, (i) to the extent that files of DLA Piper in Section 1.8 hereofrespect of the Acquisition Engagement constitute property of the client, only the Sellers and their Affiliates shall hold such property rights and (ii) DLA Piper shall have no duty whatsoever to reveal or disclose any claims made thereunder pursuant such attorney-client communications or files to this Agreement the Surviving Corporation or the Escrow Agreement. The Buyer, Merger Sub Parent by reason of any attorney-client relationship between DLA Piper and the Company hereby agree or otherwise; provided, however, that, notwithstanding the foregoing, DLA Piper shall not disclose any such attorney-client communications or files to any third parties (other than representatives, accountants and advisors of the Sellers and their Affiliates; provided that Firm (such representatives, accounts and advisors are instructed to maintain the confidence of such attorney-client communications). If and to the extent that, at any time subsequent to Closing, the Parent or any successor) may represent of its Affiliates (including after the Seller Group in the future in connection with issues that may arise under this AgreementClosing, the Escrow Agreement, Surviving Corporation) shall have the administration of the escrowed funds described in Section 1.8 hereof and any claims that may be made thereunder pursuant right to this Agreement assert or the Escrow Agreement. Firm (or any successor) may serve as counsel to all or a portion of the Seller Group or any director, member, partner, officer, employee, representative, or Affiliate of the Seller Group, in connection with any litigation, claim or obligation arising out of or relating to this Agreement, the Escrow Agreement, or the transactions contemplated by this Agreement or the Escrow Agreement. Each of the Buyer, Merger Sub and the Company consents thereto, and waives any conflict of interest arising therefrom, and each such party shall cause any Affiliate thereof to consent to waive any conflict of interest arising from such representations. Each of the Buyer, the Merger Sub and the Company acknowledges that such consent and waiver is voluntary, that it has been carefully considered, and that the parties have consulted attorney-client privilege with counsel or have been advised they should do so in this connection. Communications respect to any communication between the Company or its Affiliates and Firm will become the property of the Company Stockholder Representative and the Company Stockholders following the Closing and will not be disclosed any Person representing them that occurred at any time prior to the Buyer or Merger Sub without Closing, the Parent, on behalf of itself and its Affiliates (including after the Closing, the Surviving Corporation) shall be entitled to waive such privilege only with the prior written consent of the Sellers (such consent not to be unreasonably withheld, conditioned or delayed).
(c) The Parent, on behalf of itself and its Affiliates (including after the Closing, the Surviving Corporation) acknowledges and agrees that DLA Piper has acted as counsel for one or more of the Sellers, the Company Stockholder Representativeand their respective Affiliates for several years and that the Sellers reasonably anticipate that DLA Piper may continue to represent them and/or their Affiliates in future matters. Accordingly, the Parent, on behalf of itself and its Affiliates (including after the Closing, the Surviving Corporation) expressly consents to DLA Piper’s representation of the Sellers and/or their Affiliates and/or any of their respective agents (if any of the foregoing Persons so desire) in any post-Closing matter arising from this Agreement or any Ancillary Agreement in which the interests of the Parent and the Surviving Corporation, on the one hand, and the Sellers or any of their Affiliates, on the other hand, are adverse.
(d) The Sellers, the Company and the Parent consent to the arrangements in this Section 9.11 and waive any actual or potential conflict of interest that may be involved in connection with any representation by DLA Piper permitted hereunder.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Forrester Research, Inc.)