Common use of Permitted Action Clause in Contracts

Permitted Action. Notwithstanding the provisions of Section 5.1, nothing herein shall prohibit or restrict any Seller Party or its Affiliates from making any disclosure pursuant to Section 13(d) of the Exchange Act that such Seller Party or such Affiliate reasonably believes, based on the advice of independent legal counsel, is required in connection with any action taken by such Seller Party or such Affiliate that is not inconsistent with this Stockholders’ Agreement.

Appears in 2 contracts

Sources: Stockholders' Agreement (Nasdaq, Inc.), Merger Agreement (Nasdaq, Inc.)