Strategic Party definition

Strategic Party means a Person (or the equityholders of a Person) that, itself or through its parents, subsidiaries or other Affiliates, engages in the life sciences or healthcare fields or is otherwise in a business synergistic with the business of the Company.
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Strategic Party means any Person other than a single individual which does not directly or indirectly own or Control any assets or companies operating (x) in the consumer or corporate travel industry, or (y) as an Internet-enabled provider of travel search or information services (clauses (x) and (y), the “Restricted Field”).
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Strategic Party means a third party with whom a party to this Agreement has a relationship to jointly develop and/or design products or devices or portions of products or devices.
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Examples of Strategic Party in a sentence

  • In the event Company fails to provide a Notice of Prior Contacts, such a potential Strategic Party shall become a Strategic Party under Section 3.3 of this Agreement.

  • For the purposes Section 3.3 of this Agreement, any such party shall be referred to as a “Strategic Party” and such a Strategic Party shall retain such a definition under Section 3.3 of this Agreement until the earlier date of either (i) two years subsequent to the Term, or (ii) immediately following the date which Consultant is not serving as a member of the Company’s Board of Directors.

  • The below success fees shall be paid within ninety days subsequent to the end of the Company’s fiscal year end (December 31) from cash received by the Company from either: (i) sublicensing agreements the Company enters into with Strategic Parties or (ii) the sale of goods or services to a Strategic Party.

  • The function of the relationship will be to (a) Structure a financing for the company with a Strategic Party in the amount of up to Three ($3,000,000) Million US Dollars.

  • During this meeting, Strategic Party A expressed interest in pursuing a strategic transaction with the Company.

  • During the go-shop period, and at the direction of the Board of Directors, representatives of ▇▇▇▇▇▇ contacted a total of 31 parties (collectively, the ‘‘Go Shop Parties’’), including 12 strategic parties (including Strategic Party A) and 19 financial sponsors (including Financial Sponsor A), to solicit their interest in a possible acquisition of the Company.

  • In late September 2021, Strategic Party A submitted a proposal to acquire the Company for $28 per share in cash.

  • In early November 2021, Strategic Party A declined to proceed with the transaction.

  • The Company’s outside counsel then sent a draft merger agreement to Strategic Party A’s outside counsel, and the parties negotiated that merger agreement, and Strategic Party A continued its due diligence, during the remainder of October 2021 and early November 2021.

  • In early October 2021, after the chairman of the Board of Directors, the senior independent director and Stifel met with Strategic Party A, Strategic Party A submitted an improved proposal, which it stated was its best and final offer, to acquire the Company for $32 per share in cash, conditioned upon a short period of exclusivity.