Exclusivity Period. Following the date of this Agreement through the Closing Date (the “Exclusivity Period”), neither Sellers nor any of their respective Affiliates shall initiate, solicit, negotiate, encourage or provide information to facilitate, and neither Sellers nor any of their respective Affiliates shall, and shall use its or their reasonable efforts to cause any officer, director or employee of Sellers and their respective Affiliates, or any counsel, accountant, investment banker, financial advisor or other agent retained by it or them not to, initiate, solicit, negotiate, encourage or provide information to facilitate, any proposal or offer to acquire all or any substantial part of the Assets, whether for cash, securities or any other consideration or combination thereof (any such transactions being referred to herein as an “Acquisition Transaction”), nor shall Sellers or any of their respective Affiliates enter into or consummate any agreement or commitment with respect to an Acquisition Transaction; provided, however, that the foregoing obligations of Sellers pursuant this Section 6.22 and the Exclusivity Period shall immediately terminate and be of no further effect upon the earlier to occur of any of the following: (a) the right of RSG to terminate this Agreement pursuant to Section 8.1(d) is triggered; (b) the right of WCN to terminate this Agreement pursuant to Section 8.1(c) is triggered; or (c) the DOJ at any time indicates to RSG and WCN verbally or in writing that the DOJ Consent is being withheld or materially delayed.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Waste Connections, Inc.), Asset Purchase Agreement (Waste Connections, Inc.)
Exclusivity Period. Following the date of this Agreement through the Closing Date (the “Exclusivity Period”), neither Sellers the Seller Parties nor any of their respective Affiliates shall initiate, solicit, negotiate, encourage or provide information to facilitate, and neither Sellers the Seller Parties nor any of their respective Affiliates shall, and shall use its or their reasonable efforts to cause any officer, director or employee of Sellers the Seller Parties and their respective Affiliates, or any counsel, accountant, investment banker, financial advisor or other agent retained by it or them not to, initiate, solicit, negotiate, encourage or provide information to facilitate, any proposal or offer to acquire all or any substantial part of the AssetsInterests or the Company’s assets, including the Landfill, whether for cash, securities or any other consideration or combination thereof (any such transactions being referred to herein as an “Acquisition Transaction”), nor shall Sellers the Seller Parties or any of their respective Affiliates enter into or consummate any agreement or commitment with respect to an Acquisition Transaction; provided, however, that the foregoing obligations of Sellers the Seller Parties pursuant this Section 6.22 6.15 and the Exclusivity Period shall immediately terminate and be of no further effect upon the earlier to occur of any of the following: (a) the right of RSG to terminate this the Asset Purchase Agreement pursuant to Section 8.1(d) of the Asset Purchase Agreement is triggered; (b) the right of WCN to terminate this the Asset Purchase Agreement pursuant to Section 8.1(c) of the Asset Purchase Agreement is triggered; or (c) the DOJ at any time indicates to RSG any Seller Party and WCN any Buyer Party verbally or in writing that the DOJ Consent is being withheld or materially delayed.
Appears in 2 contracts
Sources: Purchase Agreement (Waste Connections, Inc.), Purchase Agreement (Waste Connections, Inc.)
Exclusivity Period. Following the date of this Agreement through the Closing Date (the “Exclusivity Period”), neither Sellers the Seller Parties nor any of their respective Affiliates shall initiate, solicit, negotiate, encourage or provide information to facilitate, and neither Sellers the Seller Parties nor any of their respective Affiliates shall, and shall use its or their reasonable efforts to cause any officer, director or employee of Sellers the Seller Parties and their respective Affiliates, or any counsel, accountant, investment banker, financial advisor or other agent retained by it or them not to, initiate, solicit, negotiate, encourage or provide information to facilitate, any proposal or offer to acquire all or any substantial part of the AssetsShares or the Company’s assets, including the Landfill, whether for cash, securities or any other consideration or combination thereof (any such transactions being referred to herein as an “Acquisition Transaction”), nor shall Sellers the Seller Parties or any of their respective Affiliates enter into or consummate any agreement or commitment with respect to an Acquisition Transaction; provided, however, that the foregoing obligations of Sellers the Seller Parties pursuant this Section 6.22 6.15 and the Exclusivity Period shall immediately terminate and be of no further effect upon the earlier to occur of any of the following: (a) the right of RSG to terminate this the Asset Purchase Agreement pursuant to Section 8.1(d) of the Asset Purchase Agreement is triggered; (b) the right of WCN Buyer to terminate this the Asset Purchase Agreement pursuant to Section 8.1(c) of the Asset Purchase Agreement is triggered; or (c) the DOJ at any time indicates to RSG and WCN Buyer verbally or in writing that the DOJ Consent is being withheld or materially delayed.
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