Standstill Provision definition

Standstill Provision means a provision of an agreement pursuant to which a party agrees to limit its ownership interest in another Entity.
Sample 1

Examples of Standstill Provision in a sentence

  • Nothing in this Paragraph 5(c) Standstill Provision shall restrict Xxxxxx’x ability to vote pursuant to his stock or other equity intestests that he currently holds or receives pursuant to this Agreement.

  • Nor shall anything in this Paragraph 5(c) Standstill Provision prevent Xxxxxx from serving as a member of the Company’s Board of Directors, voting as a member of the Company’s Board of Directors, or in any other way restrict Xxxxxx from performing his duties as a member of the Company’s Board of Directors, without limitation.

  • The Amendment increases the Eastern Beneficial Ownership Limitation to 48% and extends the restrictions under the Standstill Provision until June 26, 2020.

  • The Purchaser hereby acknowledges and agrees that: (i) the Company is hereby waiving the Standstill Provisions solely with respect to the Shares purchased hereby, and (ii) notwithstanding the foregoing, the Standstill Provision remains in full force and effect.

  • Nor does the tender offer fall within the limited exception to the Standstill Provision, because it is not on the “same terms” to all shareholders.

  • Poirier continued to negotiate merger terms in violation of the TransCanada Standstill Provision.

  • Poirier met with Defendant Smith, again in violation of the TransCanada Standstill Provision and without Board approval, to discuss TransCanada’s continuing interest in acquiring Columbia Pipeline.

  • This discussion between Defendant Smith and Poirier constituted a flagrant violation of the TransCanada Standstill Provision.

  • Payment Standstill Provision • Practice Point: Principal and interest are always subject to payment blockage after an event of default, but fees and costs can be included in permitted payment provisions, before and after an event of default.

  • These documents were disclosed to the Defendants as part of a joint effort to amass votes and control the outcome of the Company’s AGM contrary to the Confidentiality Provision, the Non-Disparagement Provision and the Standstill Provision.

Related to Standstill Provision

  • Standstill Agreement shall have the meaning set forth in Section 6.03.

  • Standstill Period has the meaning set forth in Section 3.1.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or confidentiality, in order to protect the business of the Partnership and its Affiliates.

  • Confidentiality Agreement has the meaning set forth in Section 6.3.

  • Existing Confidentiality Agreement has the meaning set forth in Section 4.01.

  • Term Loan Standstill Period has the meaning provided in Section 8.01(b).

  • Noncompetition Agreement shall have the meaning set forth in Section 5.9 of this Agreement.

  • Shareholder Agreement has the meaning set forth in the Recitals.

  • Stockholder Agreement means the Stockholder Agreement, dated as of August 29, 2003, among the Company and its stockholders, as amended and in effect from time to time.

  • Restrictive Covenant Agreements has the meaning set forth in the Recitals.

  • Exclusivity Agreement , in relation to land, means an agreement, by the owner or a lessee of the land, not to permit any person (other than the persons identified in the agreement) to construct a solar pv station on the land;”;

  • Non-Competition Agreement has the meaning set forth in Section 2.1 of this Agreement.

  • Continuing Disclosure Agreement means the Continuing Disclosure Agreement, as it may be modified from the form on file with the Clerk of Council and signed by the Mayor and the Fiscal Officer in accordance with Section 6, which shall constitute the continuing disclosure agreement made by the City for the benefit of holders and beneficial owners of the Bonds in accordance with the Rule.

  • Continuing Disclosure Undertaking means the Continuing Disclosure Undertaking of the Issuer, in substantially the form attached hereto as Exhibit 1, dated the Closing Date, for the purpose of providing continuing disclosure information under Rule 15c2-12 adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as may be amended from time to time.

  • Confidentiality Agreements shall have the meaning set forth in Section 6.7 hereof.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Lock-Up Agreement means the Lock-Up Agreement, dated as of the date hereof, by and among the Company and the directors and officers of the Company, in the form of Exhibit B attached hereto.

  • Acceptable Confidentiality Agreement means a confidentiality agreement that contains terms that are no less favorable in the aggregate to the Company, than those contained in the Confidentiality Agreement; provided, that such agreement and any related agreements shall not include any provision calling for any exclusive right to negotiate with such party or having the effect of prohibiting the Company from satisfying its obligations under this Agreement.

  • Covenant not to compete means an agreement:

  • Restrictive Covenant has the meaning set forth in Section 6(c).

  • Lockup Agreement means a Lockup Agreement in the form of Exhibit C hereto.

  • Noncompetition Agreements as defined in Section 2.4(a)(iv).

  • Business Combination Agreement shall have the meaning given in the Recitals hereto.

  • Non-Compete Agreement means that certain Non-Compete Agreement between the Company and the Executive in substantially the form attached hereto as Exhibit B.

  • Subordination Provisions has the meaning specified in Section 8.01(l).