Common use of Existing Discussions Clause in Contracts

Existing Discussions. Each of the Company and Parent shall, and shall cause their respective Subsidiaries and shall use its reasonable best efforts to cause their respective Representatives to, immediately cease and cause to be terminated any existing activities, discussions or negotiations with any Person conducted heretofore with respect to any Acquisition Proposal, or proposal that would reasonably be expected to lead to an Acquisition Proposal. The Company and Parent, as applicable, shall promptly deliver a written notice to each such Person providing only that each of the Company and Parent, as applicable, is ending all discussions and negotiations with such Person with respect to any Acquisition Proposal, or proposal or transaction that would reasonably be expected to lead to an Acquisition Proposal, which notice shall also request the prompt return or destruction of all confidential information concerning the Company and any of its Subsidiaries or Parent and any of its Subsidiaries, as applicable, heretofore furnished to such Person by or on behalf of the Company or Parent, as applicable, or any of their respective Subsidiaries, as applicable. The Company and Parent, as applicable, will promptly terminate all physical and electronic data access previously granted to such Persons.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Patterson Uti Energy Inc), Agreement and Plan of Merger (Patterson Uti Energy Inc), Agreement and Plan of Merger (Nextier Oilfield Solutions Inc.)

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Existing Discussions. Each of the The Company and Parent shall, and shall cause its Subsidiaries to, and the Company and its Subsidiaries shall use their respective Subsidiaries and shall use its commercially reasonable best efforts to cause their respective Representatives to, immediately cease and cause to be terminated any existing activitiessolicitations, discussions or negotiations with any Person conducted heretofore with respect to any Acquisition Proposal, or proposal that would reasonably be expected to lead to an Acquisition Proposal. The Company and Parentshall, as applicablepromptly as reasonably practicable, shall promptly deliver a written notice to each such Person providing only that each of the Company and Parent, as applicable, is ending all discussions and negotiations with such Person with respect to any Acquisition Proposal, or proposal or transaction that would reasonably be expected to lead to an Acquisition ProposalProposal and informing such Persons of the obligations undertaken in this Section 6.2 and in the Confidentiality Agreement, which notice shall shall, to the extent such Person has executed a confidentiality agreement in connection with its consideration of an Acquisition Proposal, also request the prompt return or destruction of all confidential information concerning the Company and any of its Subsidiaries or Parent and any of its Subsidiaries, as applicable, heretofore furnished to such Person by or on behalf of the Company or Parent, as applicable, or any of their respective its Subsidiaries, as applicable. The Company and Parentwill as promptly as reasonably practicable, as applicable, will promptly terminate all physical and electronic data access previously granted to such Persons.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Golden Nugget Online Gaming, Inc.), Agreement and Plan of Merger (DraftKings Inc.)

Existing Discussions. Each of the Company L3 and Parent Xxxxxx each shall, and shall cause their respective Subsidiaries and shall use its reasonable best efforts to cause their respective Representatives to, immediately cease and cause to be terminated any existing activities, discussions or negotiations with any Person conducted heretofore with respect to any Acquisition Proposal, or proposal that would reasonably be expected to lead to an Acquisition Proposal. The Company L3 and ParentXxxxxx, as applicable, shall promptly deliver a written notice to each such Person providing only that each of the Company L3 and ParentXxxxxx, as applicable, is ending all discussions and negotiations with such Person with respect to any Acquisition Proposal, or proposal or transaction that would reasonably be expected to lead to an Acquisition Proposal, which notice shall also request the prompt return or destruction of all confidential information concerning the Company L3 and any of its Subsidiaries or Parent Xxxxxx and any of its Subsidiaries, as applicable, heretofore furnished to such Person by or on behalf of the Company L3 or ParentXxxxxx, as applicable, or any of their respective Subsidiaries, as applicable. The Company L3 and ParentXxxxxx, as applicable, will promptly terminate all physical and electronic data access previously granted to such Persons.. (g)

Appears in 1 contract

Samples: Execution Version Agreement and Plan of Merger (Harris Corp /De/)

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Existing Discussions. Each of the Company L3 and Parent Xxxxxx each shall, and shall cause their respective Subsidiaries and shall use its reasonable best efforts to cause their respective Representatives to, immediately cease and cause to be terminated any existing activities, discussions or negotiations with any Person conducted heretofore with respect to any Acquisition Proposal, or proposal that would reasonably be expected to lead to an Acquisition Proposal. The Company L3 and ParentXxxxxx, as applicable, shall promptly deliver a written notice to each such Person providing only that each of the Company L3 and ParentXxxxxx, as applicable, is ending all discussions and negotiations with such Person with respect to any Acquisition Proposal, or proposal or transaction that would reasonably be expected to lead to an Acquisition Proposal, which notice shall also request the prompt return or destruction of all confidential information concerning the Company L3 and any of its Subsidiaries or Parent Xxxxxx and any of its Subsidiaries, as applicable, heretofore furnished to such Person by or on behalf of the Company L3 or ParentXxxxxx, as applicable, or any of their respective Subsidiaries, as applicable. The Company L3 and ParentXxxxxx, as applicable, will promptly terminate all physical and electronic data access previously granted to such Persons.

Appears in 1 contract

Samples: Agreement and Plan of Merger (L3 Technologies, Inc.)

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