Common use of Future Transactions Clause in Contracts

Future Transactions. If IAC advises NewCo, at any time, that IAC intends to dispose of all or a portion of its interest in NewCo (including by way of a distribution to IAC’s stockholders), NewCo agrees to cooperate and take all action reasonably requested by IAC to facilitate such a transaction; provided, however, that, except as otherwise set forth in Article II of this Agreement, IAC shall reimburse NewCo for any reasonable out-of-pocket expenses incurred by NewCo in connection with any such cooperation or action.

Appears in 2 contracts

Sources: Investor Rights Agreement (ANGI Homeservices Inc.), Merger Agreement (Iac/Interactivecorp)

Future Transactions. If IAC advises NewCo, at any time, that IAC intends to dispose of all or a portion of its the IAC Group’s interest in NewCo (including by way of a distribution to IAC’s stockholders), NewCo agrees to cooperate and take all action reasonably requested by IAC to facilitate such a transaction; provided, however, that, except as otherwise set forth in Article II of this Agreement, IAC shall reimburse NewCo for any reasonable out-of-pocket expenses incurred by NewCo in connection with any such cooperation or action.

Appears in 1 contract

Sources: Investor Rights Agreement (Iac/Interactivecorp)