Concurrent Acquisitions Clause Samples
The Concurrent Acquisitions clause defines how a party may engage in multiple acquisition transactions at the same time. It typically outlines the conditions under which such simultaneous deals are permitted, such as requiring notification to the other party or ensuring that the concurrent transactions do not conflict with the terms of the agreement. This clause helps manage potential conflicts of interest and ensures transparency, thereby reducing the risk of disputes arising from overlapping acquisition activities.
Concurrent Acquisitions. Prior to or concurrent with the Closing, Buyer shall have closed or be closing Consolidation Transactions with companies, including the Company, having aggregate Pre-tax Income of at least $20 million. For these purposes, "PRE-TAX INCOME" of any particular company means that company's projected 1998 pre-tax income, as adjusted pursuant to agreement between Buyer and that company to reflect certain cost reductions and modified business practices and accounting methods expected to take effect after the closing of the Consolidation Transactions.
Concurrent Acquisitions. Prior to or concurrent with the Closing, Buyer shall have closed or be closing Consolidation Transactions with companies, including the Company, having aggregate Pre-tax Income of at least $20 million and at the Closing Buyer shall have delivered to the Stockholders a certificate to such effect in substantially the form of Exhibit H, dated the Closing Date, signed by the President or any Vice President and the Secretary or any Assistant Secretary of Buyer. For these purposes, "PRE-TAX INCOME" of any particular company means that company's projected 1998 pre-tax income, as adjusted pursuant to agreement between Buyer and that company to reflect certain cost reductions and modified business practices and accounting methods expected to take effect after the closing of the Consolidation Transactions.
Concurrent Acquisitions. From and after the date hereof and until the earlier to occur of the Closing Date or the termination of this Agreement pursuant to Section 16 hereof, the Buyer shall notify the Company in writing reasonably in advance of entering into any agreement for the acquisition of or merger with any business in substantially the same line of business as the Company, subject to any restrictions against any such notification under the federal securities laws.