Standstill Agreement. (a) During the period commencing on the Closing Date and ending on the Standstill Termination Date (the "Standstill Period") except as (x) specifically permitted by this Agreement (including sales made in compliance with the provisions of Section 4.9) or (y) specifically approved in writing in advance by the Board of Directors of the Company, the Purchasers shall not, and shall cause any Affiliates controlled by them to not, in any manner, directly or indirectly:
Appears in 4 contracts
Samples: Purchase Agreement (McLeodusa Inc), Purchase Agreement (Forstmann Little & Co Sub Debt & Eq MGMT Buyout Par Vii Lp), And Restated Purchase Agreement (McLeodusa Inc)
Standstill Agreement. (a) During the period commencing on the Closing Date date hereof and ending on the Standstill Termination earlier of (i) the fifth anniversary of the Closing Date (the "Standstill Period") or (ii) the date these provisions terminate as provided herein, except as (x) specifically permitted by this Agreement (including sales made in compliance with the provisions of Section 4.9) or (y) specifically approved in writing in advance by the Board of Directors of the Company, the Purchasers shall not, and shall cause any Affiliates controlled by them to not, in any manner, directly or indirectly:
Appears in 2 contracts
Samples: Stock Purchase Agreement (Forstmann Little & Co Sub Debt & Eq MGMT Buyout Par Vii Lp), Stock Purchase Agreement (Nextlink Communications Inc / De)
Standstill Agreement. (a) During the period commencing on the Closing Date date hereof and ending on the earlier of (i) the expiration of the Standstill Termination Date Period or (ii) the "Standstill Period") date these provisions terminate as provided herein, except as (x) specifically permitted contemplated by this Agreement (including sales made in compliance with the provisions of Section 4.9) or any other Transaction Document or (y) specifically approved in writing in advance by the Board of Directors of the Company, the Purchasers Investors shall not, and shall cause any Affiliates controlled by them to not, in any manner, directly or indirectly:
Appears in 1 contract
Samples: Securities Purchase Agreement (Goldman Sachs Group Inc)
Standstill Agreement. (a) During the period commencing on the Closing Date date hereof and ending on the Standstill Termination earlier of (i) the tenth anniversary of the Closing Date (the "Standstill Period") or (ii) the date these provisions terminate as provided herein, except as (x) specifically permitted by this Agreement (including sales made in compliance with the provisions of Section 4.9) or (y) specifically approved in writing in advance by the Board of Directors of the Company, the Purchasers shall not, and shall cause any Affiliates controlled by them to not, in any manner, directly or indirectly:
Appears in 1 contract
Samples: Stock Purchase Agreement (Forstmann Little & Co Sub Debt & Equ MGMT Buyout Part Vi Lp)
Standstill Agreement. (a) During the period commencing on the Closing Date -------------------- date hereof and ending on the Standstill Termination Date earlier of (i) September 15, 2009 (the "Standstill ---------- Period") or (ii) the date these provisions terminate as provided herein, except ------ as (x) specifically permitted by this Agreement (including sales made in compliance with the provisions of Section 4.9) or (y) specifically approved in writing in advance by the Board of Directors of the Company, the Purchasers shall not, and shall cause any Affiliates controlled by them to not, in any manner, directly or indirectly:
Appears in 1 contract
Samples: Exchange Agreement (McLeodusa Inc)
Standstill Agreement. (a) During the period commencing on the Closing Date -------------------- date hereof and ending on the Standstill Termination earlier of (i) the tenth anniversary of the Closing Date (the "Standstill Period") or (ii) the date these provisions ----------------- terminate as provided herein, except as (x) specifically permitted by this Agreement (including sales made in compliance with the provisions of Section 4.9) or (y) specifically approved in writing in advance by the Board of Directors of the Company, the Purchasers shall not, and shall cause any Affiliates controlled by them to not, in any manner, directly or indirectly:
Appears in 1 contract
