{"component": "clause", "props": {"groups": [{"snippet": "\u201cAcquisition Proposal\u201d shall mean any offer or proposal (other than an offer or proposal made or submitted by Parent) contemplating or otherwise relating to any Acquisition Transaction.", "snippet_links": [{"key": "by-parent", "type": "clause", "offset": [107, 116]}, {"key": "relating-to", "type": "definition", "offset": [145, 156]}, {"key": "acquisition-transaction", "type": "definition", "offset": [161, 184]}], "size": 52, "samples": [{"hash": "kHnbm47AoJU", "uri": "/contracts/kHnbm47AoJU#acquisition-proposal", "label": "Merger Agreement (Dot Hill Systems Corp)", "score": 21.0109519958, "published": true}, {"hash": "lGa6w6EqZqp", "uri": "/contracts/lGa6w6EqZqp#acquisition-proposal", "label": "Merger Agreement (Websense Inc)", "score": 21.0, "published": true}, {"hash": "f3b6Jd6sxbd", "uri": "/contracts/f3b6Jd6sxbd#acquisition-proposal", "label": "Agreement and Plan of Merger and Reorganization (Entropic Communications Inc)", "score": 21.0, "published": true}], "hash": "93cf2bdd5cb67c3a03488dbc5beac980", "id": 1}, {"snippet": "(a) The Company shall not, nor shall it authorize or permit any Company Subsidiary to, nor shall it authorize or permit any officer, director or employee of, or any investment banker, attorney or other advisor, agent or representative (collectively, \"REPRESENTATIVES\") of, the Company or any Company Subsidiary to, (i) directly or indirectly solicit, initiate or encourage the submission of, any Acquisition Proposal (as defined below), (ii) enter into any agreement with respect to any Acquisition Proposal or (iii) directly or indirectly participate in any discussions or negotiations regarding, or furnish to any person any information with respect to, or take any other action to facilitate any inquiries or the making of any proposal that constitutes, or may reasonably be expected to lead to, any Acquisition Proposal; provided, however, that nothing in this SECTION 6.4 or elsewhere in this Agreement shall prohibit the Company Board from complying with Rules 14d-9 and 14e-2 under the Exchange Act with regard to a tender or exchange offer not made in violation of this SECTION 6.4; and provided, further, that nothing in this SECTION 6.4 or elsewhere in this Agreement shall prohibit the Company, before the expiration of the Offer or adoption of this Agreement by the Company Shareholders, if applicable, from furnishing information regarding the Company or entering into negotiations or discussions with, any person in response to an Acquisition Proposal made, submitted, or announced by such person (and not withdrawn) or endorsing and/or recommending, or simultaneously with a termination of this Agreement pursuant to SECTION 9.1(C), entering into an agreement accepting or providing for, a Superior Proposal, and any such actions enumerated in this provision shall not be considered a Breach of this Agreement if and to the extent that each of the following conditions is satisfied: (1) such Acquisition Proposal is not attributable to a Breach by the Company of this SECTION 6.4(A) or SECTION 6.4(B); (2) the Board of Directors of the Company concludes in good faith, after consultation with its outside legal counsel, that it is reasonably likely that the failure to take such action would constitute a Breach of its fiduciary duties to the Company Shareholders under applicable Law; (3) prior to furnishing any such information to, or entering into discussions or negotiations with, such person, the Company gives Parent written notice of the identity of such person, the terms and conditions of such Acquisition Proposal and the Company's intention to furnish information to, or enter into discussions or negotiations with, such Person; (4) the Company receives from such Person an executed confidentiality agreement which shall not in any way restrict the Company from complying with its disclosure obligations under this Agreement and which shall contain customary limitations on the use and disclosure of all nonpublic written and oral information furnished to such Person by or on behalf of the Company, restrictions on trading and hostile take-over activities and other terms no less favorable to the Company than those set forth in the Confidentiality Agreement; and (5) contemporaneously with furnishing any such information to such Person, the Company furnishes such information to Parent (to the extent that such information has not been previously furnished by the Company to Parent). Subject to the foregoing provisions of this SECTION 6.4(A), the Company shall, and shall cause its Representatives to, cease immediately all existing activities, discussions and negotiations with Persons other than Parent and Buyer regarding any proposal that constitutes, or may reasonably be expected to lead to, a Acquisition Proposal, and will take the necessary steps to inform the Persons referred to above of the obligations undertaken in this SECTION 6.4.\n(b) Neither the Company Board nor any committee thereof shall (i) withdraw or modify, or propose to withdraw or modify, in a manner adverse to Parent or Buyer, the approval or recommendation by the Company Board or any such committee of this Agreement, the Offer or the Merger, (ii) approve any letter of intent, agreement in principle, acquisition agreement or similar agreement relating to any Acquisition Proposal, or (iii) approve or recommend, or propose to approve or recommend, any Acquisition Proposal. Notwithstanding the foregoing, if, prior to the acceptance for payment of Shares pursuant to the Offer, the Company receives a Superior Proposal and a majority of the directors of the Company determine in good faith, after consultation with outside legal counsel, that it is reasonably likely that the failure to do so would constitute a Breach of their fiduciary duties to Company Shareholders imposed by applicable Law, the Company Board may withdraw its approval or recommendation of the Offer, the Merger and this Agreement and, in connection therewith, approve or recommend such Superior Proposal, provided, that the Company Board shall give Parent two Business Days notice prior to withdrawing its recommendation or entering into an agreement with respect to or recommending a Superior Proposal; and pay to Parent the Termination Fee Provided for in SECTION 9.3(A) pursuant to SECTION 9.3(D).\n(c) The Company promptly shall advise Parent of any Acquisition Proposal or any inquiry with respect to or that could lead to any Acquisition Proposal, the identity of the person or group making any such Acquisition Proposal or inquiry and the material terms of any such Acquisition Proposal or inquiry. The Company shall (i) keep Parent fully informed of the status, including any change to the details, of any such Acquisition Proposal or inquiry and (ii) provide to Parent as soon as practicable after receipt or delivery thereof with copies of all correspondence with other written material sent or provided (unless previously provided) to the Company from any third party in connection with any Acquisition Proposal or sent or provided by the Company to any third party in connection with any Acquisition Proposal.\n(d) Nothing contained in this SECTION 6.4 shall prohibit the Company from taking and disclosing to its Shareholders a position contemplated by Rule 14e-2(a) promulgated under the Exchange Act or from making any required disclosure to the Company's Shareholders if, in the good faith judgment of the Company Board, after receiving advice from outside legal counsel, the failure so to disclose would constitute a Breach of its fiduciary duties under applicable law.\n(e) For purposes 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attributable, (B) issuance or acquisition of 20% or more of the outstanding Company Common Stock, (C) recapitalization, tender offer or exchange offer that if consummated would result in any Person or group beneficially owning 20% or more of the outstanding Company Common Stock or (D) merger, consolidation, amalgamation, share exchange, business combination, recapitalization, liquidation, dissolution or similar transaction involving the Company that if consummated would result in any Person or group beneficially owning 20% or more of the outstanding Company Common Stock, in each case (A) through (D) other than the Transactions.", "snippet_links": [{"key": "any-person", "type": "clause", "offset": [61, 71]}, {"key": "meaning-of", "type": "definition", "offset": [134, 144]}, {"key": "the-exchange-act", "type": "definition", "offset": [162, 178]}, {"key": "relating-to", "type": "definition", "offset": [180, 191]}, {"key": "single-transaction", "type": "clause", "offset": [198, 216]}, 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"type": "clause", "offset": [1084, 1100]}], "size": 24, "samples": [{"hash": "5iQNKfHZkwI", "uri": "/contracts/5iQNKfHZkwI#acquisition-proposal", "label": "Agreement and Plan of Merger (Sage Therapeutics, Inc.)", "score": 36.455165863, "published": true}, {"hash": "2CimTvom7qQ", "uri": "/contracts/2CimTvom7qQ#acquisition-proposal", "label": "Merger Agreement (Supernus Pharmaceuticals, Inc.)", "score": 36.455165863, "published": true}], "hash": "71b1428f6b2c873f657cd452e610b39e", "id": 3}, {"snippet": "30 affiliate................................... 41 Agreement................................... 1", "snippet_links": [], "size": 19, "samples": [{"hash": "d9O5LHwkXaD", "uri": "/contracts/d9O5LHwkXaD#acquisition-proposal", "label": "Merger Agreement (Associated Materials Inc)", "score": 18.0, "published": true}, {"hash": "4o164wKwnk4", "uri": "/contracts/4o164wKwnk4#acquisition-proposal", "label": "Merger Agreement (AMH Holdings, Inc.)", "score": 18.0, "published": true}], "hash": 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Industries Inc)", "score": 18.0, "published": true}], "hash": "1c494333866ae0a69c092d724b74be50", "id": 4}, {"snippet": "36 Action........................................................................20", "snippet_links": [], "size": 14, "samples": [{"hash": "8BcDA17vmVL", "uri": "/contracts/8BcDA17vmVL#acquisition-proposal", "label": "Agreement and Plan of Recapitalization (Nortek Inc)", "score": 16.0, "published": true}, {"hash": "84gNmr82616", "uri": "/contracts/84gNmr82616#acquisition-proposal", "label": "Agreement and Plan of Recapitalization (Nortek Inc)", "score": 16.0, "published": true}], "hash": "939717d670c21c0f5aa530c6da9d183a", "id": 8}, {"snippet": "The term \"Acquisition Proposal\" shall have the meaning set forth in Section 3.34.", "snippet_links": [{"key": "the-term", "type": "definition", "offset": [0, 8]}], "size": 18, "samples": [{"hash": "ls1oUETOkdV", "uri": "/contracts/ls1oUETOkdV#acquisition-proposal", "label": "Agreement and Plan of Reorganization (Vision Twenty One Inc)", "score": 18.0, "published": true}, {"hash": "d3b40u4d3RI", "uri": "/contracts/d3b40u4d3RI#acquisition-proposal", "label": "Agreement and Plan of Reorganization (Vision Twenty One Inc)", "score": 18.0, "published": true}, {"hash": "RIDrG51LCv", "uri": "/contracts/RIDrG51LCv#acquisition-proposal", "label": "Agreement and Plan of Reorganization (Vision Twenty One Inc)", "score": 18.0, "published": true}], "hash": "4fa4b1e334287b50eab2d1a7fb0081f6", "id": 6}, {"snippet": "(a) From the date of this Agreement through the first to occur of the Effective Time or the termination of this Agreement, Premier Financial shall not, and shall cause any of its Subsidiaries and the officers, directors, employees, advisors and other agents of Premier Financial and its Subsidiaries not to, directly or indirectly (i) solicit, initiate, encourage, facilitate (including by way of providing information) or induce any inquiry, proposal or offer with respect to, or the making or completion of, any Acquisition Proposal, or any inquiry, proposal or offer that is reasonably likely to lead to any Acquisition Proposal, (ii) enter into, continue or otherwise participate in any discussions or negotiations regarding, or furnish to any Person or Group any confidential or nonpublic information with respect to or in connection with, an Acquisition Proposal, (iii) take any other action to facilitate any inquiries or the making of any proposal that constitutes or may reasonably be expected to lead to an Acquisition Proposal, (iv) approve, endorse or recommend, or propose to approve, endorse or recommend any Acquisition Proposal or any agreement related thereto, (v) enter into any agreement contemplating or otherwise relating to any Acquisition Transaction or Acquisition Proposal, (vi) enter into any agreement or agreement in principle requiring, directly or indirectly, Premier Financial to abandon, terminate or fail to consummate the transactions contemplated hereby or breach its obligations hereunder, or (vii) propose or agree to do any of the foregoing.\n(b) Notwithstanding anything to the contrary in Section 6.06(a), if Premier Financial or any of its Representatives receives an unsolicited bona fide Acquisition Proposal that did not result from or arise in connection with a breach of Section 6.06(a), Premier Financial and its Representatives may take any action described in Section 6.06(a)(ii), if, and only if, the Premier Financial Board determines in good faith, after consultation with Premier Financial\u2019s outside legal and financial advisors, that (i) such Acquisition Proposal constitutes or is reasonably capable of becoming a Superior Proposal, and (ii) the failure of the Premier Financial Board to take such action would cause the Premier Financial Board to violate its fiduciary duties to the shareholders of Premier Financial under applicable Law; provided, that Premier Financial receives from such Person or Group an executed confidentiality agreement containing terms no less favorable to the disclosing party than the confidentiality terms of this Agreement.\n(c) As promptly as practicable (but in no event more than 24 hours) following receipt of any Acquisition Proposal or any request for nonpublic information or inquiry that would reasonably be expected to lead to any Acquisition Proposal, Premier Financial shall (i) advise Peoples in writing of the receipt of any Acquisition Proposal, request or inquiry and the terms and conditions of such Acquisition Proposal, request or inquiry, (ii) shall promptly provide to Peoples a written summary of the material terms of such Acquisition Proposal, request or inquiry including the identity of the Person or Group making the Acquisition Proposal, and (iii) shall keep Peoples promptly apprised of any related developments, discussions and negotiations (including providing Peoples with a copy of all material documentation and correspondence relating thereto) on a current basis. Premier Financial agrees that it shall simultaneously provide to Peoples any information concerning Premier Financial that may be provided (pursuant to Section 6.06(b)) to any other Person or Group in connection with any Acquisition Proposal which has not previously been provided to Peoples.\n(d) Notwithstanding anything herein to the contrary, at any time prior to the Premier Financial Meeting, Premier Financial may accept or approve a Superior Proposal thereby withdrawing its recommendation of the Agreement (\u201cAcceptance of Superior Proposal\u201d), if and only if (x) from and after the date hereof, Premier Financial has complied with Sections 6.02 and 6.06, and (y) the Premier Financial Board has determined in good faith, after consultation with outside legal counsel, that the failure to take such action would cause it to violate its fiduciary duties under applicable law; provided, that the Premier Financial Board may not effect a Acceptance of Superior Proposal unless:\n(i) Premier Financial shall have received an unsolicited bona fide written Acquisition Proposal and the Premier Financial Board shall have concluded in good faith (after consultation with Premier Financial\u2019s financial advisors and outside legal counsel) that such Acquisition Proposal is a Superior Proposal, after taking into account any amendment or modification to this Agreement agreed to or proposed by Peoples;\n(ii) Premier Financial shall have provided prior written notice to Peoples at least five business days in advance (the \u201cNotice Period\u201d) of taking such action, which notice shall advise Peoples that the Premier Financial Board has received a Superior Proposal, specifying the material terms and conditions of such Superior Proposal (including the identity of the Person or Group making the Superior Proposal);\n(iii) during the Notice Period, Premier Financial shall, and shall cause its financial advisors and outside counsel to, negotiate with Peoples in good faith (to the extent Peoples desires to so negotiate) to make such adjustments to the terms and conditions of this Agreement so that such Superior Proposal ceases to constitute a Superior Proposal; and\n(iv) the Premier Financial Board shall have concluded in good faith (after consultation with Premier Financial\u2019s financial advisors and outside legal counsel) that, after considering the results of such negotiations and giving effect to any proposals, amendments or modifications offered or agreed to by Peoples, if any, that such Acquisition Proposal continues to constitute a Superior Proposal. 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["certain-permitted-disclosure", "Certain Permitted Disclosure"], ["notice", "Notice"]], "title": "Acquisition Proposal", "parents": [["definitions", "DEFINITIONS"], ["covenants", "Covenants"], ["termination", "Termination"], ["additional-agreements", "Additional Agreements"], ["pre-closing-covenants", "PRE-CLOSING COVENANTS"]], "id": "acquisition-proposal", "related": [["acquisition-proposals", "Acquisition Proposals", "<strong>Acquisition Proposals</strong>"], ["superior-proposal", "Superior Proposal", "Superior Proposal"], ["proposal", "Proposal", "Proposal"], ["superior-proposals", "Superior Proposals", "Superior Proposals"], ["financial-proposal", "Financial Proposal", "Financial Proposal"]], "related_snippets": [], "updated": "2026-05-20T04:25:14+00:00", "also_ask": ["What key terms must be included to clearly define an 'Acquisition Proposal'?", "How can the clause be drafted to prevent circumvention or ambiguous offers?", "What are the most common negotiation leverage points for this clause?", "How have courts interpreted the enforceability of 'Acquisition Proposal' definitions in disputes?", "What are the critical risks if the clause is too broad or too narrow in scope?"], "drafting_tip": "Specify required proposal contents to ensure completeness, set submission procedures to maintain process integrity, and define evaluation criteria to promote transparency.", "explanation": "An Acquisition Proposal clause defines the process and requirements for one party to formally propose the purchase or acquisition of another party or its assets. Typically, this clause outlines the necessary information that must be included in a proposal, such as price, terms, and any conditions precedent, and may specify the timeline and method for submitting such proposals. Its core practical function is to establish a clear and orderly framework for initiating acquisition discussions, ensuring that all parties understand the expectations and procedures involved, and reducing the risk of misunderstandings or disputes during the negotiation process."}, "json": true, "cursor": ""}}