Common use of No-talk Clause in Contracts

No-talk. During the Exclusivity Period, but subject to clause 10.7, Papillon must ensure that none of it, its Subsidiaries, or any of its or their Representatives directly or indirectly: (a) initiates, negotiates or enters into or participates in negotiations or discussions with any person; or (b) communicates any intention to do any of these things, in relation to, or which may reasonably be expected to lead to: (c) a Competing Proposal, even if that person's Competing Proposal was not directly or indirectly solicited, encouraged or initiated by Papillon or any of its Representatives or the person has publicly announced the Competing Proposal; or (d) the Transaction not completing.

Appears in 2 contracts

Sources: Merger Agreement (B2gold Corp), Merger Implementation Agreement