Common use of Cessation of Ongoing Discussions Clause in Contracts

Cessation of Ongoing Discussions. The Company shall, and shall direct its Representatives to, cease immediately all discussions and negotiations that commenced prior to the date of this Agreement regarding any proposal that constitutes, or could reasonably be expected to lead to, an Acquisition Proposal. The Company shall promptly (and in any event within three (3) Business Days following the date hereof) request in writing that each Person which has heretofore executed a confidentiality agreement in connection with its consideration of acquiring the Company or any portion thereof to return or destroy all confidential information heretofore furnished to such Person by or on behalf of the Company.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Salesforce Com Inc), Agreement and Plan of Merger (Demandware Inc)

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Cessation of Ongoing Discussions. The Company shall, and shall direct its Representatives to, cease immediately all discussions and negotiations that commenced prior to the date of this Agreement regarding any proposal that constitutes, or could reasonably be expected to lead to, an Acquisition Proposal. The Company shall also agrees, if it has not done so already, to promptly (and in any event within three (3) Business Days following the date hereof) request in writing of each Person, if any, that each Person which has heretofore executed a confidentiality agreement within the twelve (12) months prior to the date hereof in connection with its consideration of acquiring the Company or any portion thereof Acquisition Proposal to return or destroy all confidential information heretofore furnished to such Person by or on behalf of the Companyit or its Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Netegrity Inc)

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Cessation of Ongoing Discussions. The Except as otherwise expressly permitted by this Section 6.1, the Company shall, and shall direct and cause its Representatives to, cease immediately all discussions and negotiations that commenced prior to the date of this Agreement regarding any proposal that constitutes, or could reasonably be expected to lead to, an Acquisition Proposal. The With respect to any Person with whom such discussions or negotiations shall be terminated, the Company shall use its reasonable best efforts to promptly (and in any event within three (3) Business Days following the date hereof) request in writing that each require such Person which has heretofore executed a confidentiality agreement in connection with its consideration of acquiring the Company or any portion thereof to promptly return or destroy all confidential in accordance with the terms of the applicable confidentiality agreement any information heretofore furnished to such Person by or on behalf of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ista Pharmaceuticals Inc)

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