Common use of No Solicitation of Bidders Clause in Contracts

No Solicitation of Bidders. Prior to the third anniversary of the date of the Original Agreement, neither the Investor Group nor the Shareholder Group shall, directly or indirectly, assist, encourage or induce any other person to bid for or acquire outstanding Company Voting Securities in any transaction or series of related transactions, unless the consummation of such transaction or series of related transactions requires approval of a majority of the Board of Directors.

Appears in 3 contracts

Samples: Investment Agreement (Samstock LLC), Investment Agreement (Davel Communications Inc), Investment Agreement (Egi Dm Invetments LLC)

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No Solicitation of Bidders. Prior to the third anniversary of the date of the Original AgreementEffective Date, neither the Investor Group nor the Shareholder Group shall, directly or indirectly, assist, encourage or induce any other person to bid for or acquire outstanding Company Voting Securities in any transaction or series of related transactions, unless the consummation of such transaction or series of related transactions requires approval of a majority of the Board of Directors.

Appears in 2 contracts

Samples: Investment Agreement (Samstock LLC), Investment Agreement (Davel Communications Group Inc)

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