{"component": "clause", "props": {"groups": [{"snippet": "(a) Effective as of the Closing, each Sponsor agrees that, other than pursuant to or as contemplated by this Agreement or the terms of the Transaction Securities and pursuant to stock splits, stock dividends or other distributions or offerings made available to holders of securities of Genesis generally, it shall not, and it shall cause its Affiliates not to, without the prior written consent of Genesis, directly or indirectly, alone or as part of a \"group\" (as defined in Section 13(d)(3) of the Exchange Act), acquire any shares of Voting Stock of Genesis or securities convertible into or exchangeable for any shares of Voting Stock of Genesis.\n(b) The restrictions contained in Section 5.5(a) shall terminate if: (i) the board of directors of Genesis approves a transaction with any \"person\" (as that term is used in Sections 13(d) and 14(d) of the Exchange Act) and such transaction would result in such person beneficially owning securities representing more than 35% of the total voting power of Genesis or all or substantially all of its assets; (ii) any person (other than Genesis in the case of an exchange offer) shall have commenced a tender or exchange offer for voting securities of Genesis or securities exchangeable, convertible or exercisable for voting securities of Genesis where all such voting securities represent more than 35% of the total voting power of Genesis; or (iii) none of Cypress, TPG and Sponsor Affiliates affiliated with Cypress or TPG have the right to designate directors on the board of directors of Genesis pursuant to the terms of the Series H Preferred Stock.", "snippet_links": [{"key": "effective-as-of-the-closing", "type": "clause", "offset": [4, 31]}, {"key": "agreement-or", "type": "definition", "offset": [109, 121]}, {"key": "transaction-securities", "type": "definition", "offset": [139, 161]}, {"key": "stock-splits", "type": "clause", "offset": [178, 190]}, {"key": "dividends-or-other-distributions", "type": "clause", "offset": [198, 230]}, {"key": "holders-of-securities", "type": "clause", "offset": [262, 283]}, {"key": "consent-of", "type": "clause", "offset": [388, 398]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [408, 430]}, {"key": "defined-in-section", "type": "clause", "offset": [466, 484]}, {"key": "the-exchange-act", "type": "definition", "offset": [497, 513]}, {"key": "shares-of", "type": "clause", "offset": [528, 537]}, {"key": "voting-stock", "type": "definition", "offset": [538, 550]}, {"key": "the-restrictions", "type": "clause", "offset": [656, 672]}, {"key": "contained-in", "type": "definition", "offset": [673, 685]}, {"key": "the-board-of-directors", "type": "definition", "offset": [725, 747]}, {"key": "beneficially-owning", "type": "definition", "offset": [920, 939]}, {"key": "power-of", "type": "clause", "offset": [998, 1006]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [1018, 1042]}, {"key": "any-person", "type": "definition", "offset": [1063, 1073]}, {"key": "an-exchange-offer", "type": "clause", "offset": [1109, 1126]}, {"key": "tender-or-exchange-offer", "type": "clause", "offset": [1151, 1175]}, {"key": "voting-securities", "type": "definition", "offset": [1180, 1197]}, {"key": "sponsor-affiliates", "type": "definition", "offset": [1426, 1444]}, {"key": "affiliated-with", "type": "definition", "offset": [1445, 1460]}, {"key": "right-to-designate-directors", "type": "clause", "offset": [1485, 1513]}, {"key": "on-the-board", "type": "definition", "offset": [1514, 1526]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [1551, 1572]}, {"key": "series-h-preferred-stock", "type": "definition", "offset": [1580, 1604]}], "samples": [{"hash": "f9HkO9hUHCa", "uri": "/contracts/f9HkO9hUHCa#standstill-obligations", "label": "Restructuring Agreement (TPG Advisors Ii Inc)", "score": 18.0, "published": true}, {"hash": "f6FpX9RoKAX", "uri": "/contracts/f6FpX9RoKAX#standstill-obligations", "label": "Restructuring Agreement (Cypress Group LLC)", "score": 18.0, "published": true}, {"hash": "1zIPcwuf5oX", "uri": "/contracts/1zIPcwuf5oX#standstill-obligations", "label": "Restructuring Agreement (Genesis Health Ventures Inc /Pa)", "score": 18.0, "published": true}], "size": 3, "hash": "d462ca085b867a76d2aa3b1a7ce3a786", "id": 4}, {"snippet": "1.1 In consideration of the Bidder being permitted to participate in Due Diligence, the Bidder hereby irrevocably and unconditionally undertakes and agrees that, during the Standstill Period (as hereinafter defined), the Bidder shall not and shall cause that none of its Affiliates or Representatives (as hereinafter defined who have received or accessed the Evaluation Material as defined in the NDA) shall, directly or indirectly, acting alone or in concert with others, without the prior written consent of the Company, acquire, sell or otherwise transfer or deal with, agree to acquire, sell or otherwise transfer or deal with, in any manner, ownership or control of any shares, securities, or options to acquire any securities, voting rights of the Company or any of its Affiliates, including by way of open market purchases, proxies or powers of attorney granting voting rights, business combination, merger or other consolidation, recapitalization, restructuring, or other extraordinary transaction, except, in each case, as expressly permitted in this Agreement.", "snippet_links": [{"key": "the-bidder", "type": "definition", "offset": [24, 34]}, {"key": "participate-in", "type": "definition", "offset": [54, 68]}, {"key": "due-diligence", "type": "clause", "offset": [69, 82]}, {"key": "during-the-standstill-period", "type": "clause", "offset": [162, 190]}, {"key": "evaluation-material", "type": "definition", "offset": [359, 378]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [409, 431]}, {"key": "consent-of-the-company", "type": "clause", "offset": [499, 521]}, {"key": "agree-to", "type": "clause", "offset": [573, 581]}, {"key": "control-of", "type": "definition", "offset": [660, 670]}, {"key": "options-to-acquire", "type": "clause", "offset": [698, 716]}, {"key": "rights-of-the-company", "type": "clause", "offset": [740, 761]}, {"key": "open-market-purchases", "type": "clause", "offset": [808, 829]}, {"key": "powers-of-attorney", "type": "definition", "offset": [842, 860]}, {"key": "business-combination", "type": "clause", "offset": [885, 905]}, {"key": "extraordinary-transaction", "type": "clause", "offset": [980, 1005]}, {"key": "each-case", "type": "definition", "offset": [1018, 1027]}, {"key": "in-this-agreement", "type": "definition", "offset": [1052, 1069]}], "samples": [{"hash": "lQu4FKcFiE7", "uri": "/contracts/lQu4FKcFiE7#standstill-obligations", "label": "Standstill Agreement (Venturbay Consultants Private LTD)", "score": 19.0, "published": true}, {"hash": "6OEhP547ctC", "uri": "/contracts/6OEhP547ctC#standstill-obligations", "label": "Standstill Agreement (Venturbay Consultants Private LTD)", "score": 19.0, "published": true}], "size": 3, "hash": "c7a91c867d33aca681c8262fea93733a", "id": 6}, {"snippet": "Each Holder covenants and agrees that, prior to the Termination Date:\n3.4.1. Each Holder shall be bound by and comply with Sections 6.11 (No Solicitation) and 6.4 (Confidentiality) of the Merger Agreement (and any relevant definitions contained in any such sections) to the same extent as such provisions apply to H\u2587\u2587\u2587\u2587\u2587\u2587 as if such Holder were a signatory to the Merger Agreement with respect to such provisions.\n3.4.2. Each Holder shall not, nor shall any Holder act in concert with any person to, deposit any of the Covered Shares in a voting trust or subject any of the Covered Shares to any arrangement or agreement with any person with respect to the voting of the Covered Shares, except as provided by Section 3.1.", "snippet_links": [{"key": "holder-covenants", "type": "clause", "offset": [5, 21]}, {"key": "prior-to-the-termination-date", "type": "clause", "offset": [39, 68]}, {"key": "comply-with", "type": "definition", "offset": [111, 122]}, {"key": "no-solicitation", "type": "clause", "offset": [138, 153]}, {"key": "the-merger-agreement", "type": "clause", "offset": [184, 204]}, {"key": "relevant-definitions", "type": "clause", "offset": [214, 234]}, {"key": "contained-in", "type": "definition", "offset": [235, 247]}, {"key": "to-the-same-extent", "type": "definition", "offset": [267, 285]}, {"key": "with-respect-to", "type": "clause", "offset": [381, 396]}, {"key": "act-in-concert", "type": "definition", "offset": [465, 479]}, {"key": "any-person", "type": "definition", "offset": [485, 495]}, {"key": "voting-trust", "type": "clause", "offset": [539, 551]}, {"key": "voting-of-the-covered-shares", "type": "clause", "offset": [657, 685]}, {"key": "section-31", "type": "clause", "offset": [709, 720]}], "samples": [{"hash": "km6yuFnFXAO", "uri": "/contracts/km6yuFnFXAO#standstill-obligations", "label": "Voting and Support Agreement (Landcadia Holdings III, Inc.)", "score": 30.0663928986, "published": true}], "size": 2, "hash": "39275710db104559207160efba892525", "id": 8}, {"snippet": "Holder covenants and agrees that, during the Restricted Period:\n4.4.1 Holder shall not take, nor shall any of its Affiliates or Representatives take, whether directly or indirectly, any action intended to solicit, initiate or knowingly encourage, or any action to continue or engage in discussions or negotiations with, any Person (other than the BigBear Parties and/or any of their Affiliates or Representatives), concerning, relating to or which is intended or is reasonably likely to give rise to or result in, a Business Combination Proposal in respect of the Issuer other than with the BigBear Parties and their respective Affiliates and Representatives. If Holder or any of its Affiliates or Representatives receives any inquiry or proposal regarding a Business Combination Proposal in respect of the Issuer, then Holder shall promptly notify such Person indicating only that it is subject to an exclusivity agreement that prohibits it from considering such inquiry or proposal and, in such event, Holder shall also promptly notify BigBear of such facts and circumstances (provided that Sponsor shall not be obligated to provide such notice in violation of any obligation of confidentiality owed to any third party as of the date hereof or any Law). Holder shall, and shall cause its Affiliates and Representatives to, immediately cease any and all existing discussions or negotiations with any Person (other than the BigBear Parties and/or any of their Affiliates or Representatives) conducted prior to the date hereof with respect to, or which is reasonably likely to give rise to or result in, a Business Combination Proposal in respect of the Issuer.\n4.4.2 Holder shall not, nor shall Holder act in concert with any Person (other than the BigBear Parties and their Affiliates and Representatives or as otherwise contemplated by this Agreement, the Investor Rights Agreement or the Merger Agreement) to make, or in any manner participate in, directly or indirectly, a \u201csolicitation\u201d of \u201cproxies\u201d or consents (as such terms are used in the proxy solicitation rules of the SEC) or powers of attorney or similar rights to vote, or seek to advise or influence any person with respect to the voting of, any Covered Shares in connection with any vote or other action with respect to the Acquiror Stockholder Matters, other than to recommend that stockholders of the Issuer vote in favor of approval of the Merger Agreement and the other Acquiror Stockholder Matters (and otherwise as expressly provided by Section 1).\n4.4.3 Holder shall not, nor shall Holder act in concert with any person to, deposit following the execution and delivery of this Agreement any of the Covered Shares in a voting trust or subject any of the Covered Shares to any arrangement or agreement with any person with respect to the voting of the Covered Shares, except as provided by Section 1.", "snippet_links": [{"key": "holder-covenants", "type": "clause", "offset": [0, 16]}, {"key": "during-the-restricted-period", "type": "clause", "offset": [34, 62]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [158, 180]}, {"key": "any-action", "type": "definition", "offset": [182, 192]}, {"key": "to-solicit", "type": "definition", "offset": [202, 212]}, {"key": "any-person", "type": "definition", "offset": [320, 330]}, {"key": "relating-to", "type": "definition", "offset": [427, 438]}, {"key": "reasonably-likely", "type": "definition", "offset": [466, 483]}, {"key": "business-combination-proposal", "type": "definition", "offset": [516, 545]}, {"key": "in-respect-of", "type": "definition", "offset": [546, 559]}, {"key": "the-issuer", "type": "definition", "offset": [560, 570]}, {"key": "affiliates-and-representatives", "type": "clause", "offset": [628, 658]}, {"key": "promptly-notify", "type": "definition", "offset": [833, 848]}, {"key": "subject-to", "type": "clause", "offset": [888, 898]}, {"key": "exclusivity-agreement", "type": "clause", "offset": [902, 923]}, {"key": "provided-that", "type": "definition", "offset": [1079, 1092]}, {"key": "to-provide", "type": "clause", "offset": [1124, 1134]}, {"key": "in-violation", "type": "definition", "offset": [1147, 1159]}, {"key": "obligation-of-confidentiality", "type": "clause", "offset": [1167, 1196]}, {"key": "third-party", "type": "definition", "offset": [1209, 1220]}, {"key": "date-hereof", "type": "clause", "offset": [1231, 1242]}, {"key": "existing-discussions", "type": "clause", "offset": [1355, 1375]}, {"key": "prior-to-the", "type": "clause", "offset": [1501, 1513]}, {"key": "with-respect-to", "type": "clause", "offset": [1526, 1541]}, {"key": "act-in-concert", "type": "definition", "offset": [1702, 1716]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [1822, 1852]}, {"key": "agreement-or", "type": "definition", "offset": [1874, 1886]}, {"key": "the-merger-agreement", "type": "clause", "offset": [1887, 1907]}, {"key": "participate-in", "type": "definition", "offset": [1935, 1949]}, {"key": "proxy-solicitation", "type": "definition", "offset": [2048, 2066]}, {"key": "rules-of", "type": "definition", "offset": [2067, 2075]}, {"key": "the-sec", "type": "definition", "offset": [2076, 2083]}, {"key": "powers-of-attorney", "type": "definition", "offset": [2088, 2106]}, {"key": "to-advise", "type": "definition", "offset": [2142, 2151]}, {"key": "the-voting", "type": "clause", "offset": [2192, 2202]}, {"key": "in-connection-with", "type": "clause", "offset": [2226, 2244]}, {"key": "other-action", "type": "definition", "offset": [2257, 2269]}, {"key": "acquiror-stockholder-matters", "type": "definition", "offset": [2290, 2318]}, {"key": "in-favor-of", "type": "definition", "offset": [2381, 2392]}, {"key": "approval-of-the-merger", "type": "clause", "offset": [2393, 2415]}, {"key": "section-1", "type": "clause", "offset": [2509, 2518]}, {"key": "execution-and-delivery-of-this-agreement", "type": "clause", "offset": [2619, 2659]}, {"key": "voting-trust", "type": "clause", "offset": [2691, 2703]}, {"key": "voting-of-the-covered-shares", "type": "clause", "offset": [2809, 2837]}], "samples": [{"hash": "8qpYdKx9MpP", "uri": "/contracts/8qpYdKx9MpP#standstill-obligations", "label": "Merger Agreement (GigCapital4, Inc.)", "score": 32.433265686, "published": true}, {"hash": "hI9t367NHpi", "uri": "/contracts/hI9t367NHpi#standstill-obligations", "label": "Voting and Support Agreement (GigCapital4, Inc.)", "score": 30.433265686, "published": true}], "size": 7, "hash": "b1b0a54dc180e3c8debc7ceec011c297", "id": 1}, {"snippet": "\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 hereby agrees that, until the date on which it ceases to have a nominee serving on the Board and unless (x) specifically approved in writing by the Board or (y) if it holds outstanding Series A Convertible Preferred Stock and the Company has materially breached its obligations or any the terms or conditions of the Articles Supplementary in respect of the rights, privileges and preferences of the Series A Convertible Preferred Stock, \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 will not in any manner, directly or indirectly: (a) effect or seek, offer or propose (whether publicly or otherwise) to effect, or announce any intention to effect or cause or participate in or in any way assist, facilitate or encourage any other person to effect or seek, offer or propose (whether publicly or otherwise) to effect or participate in, (i) any tender or exchange offer, merger or other business combination involving the Company or any of its subsidiaries, or assets of the Company or its subsidiaries constituting a significant portion of the consolidated assets of the Company and its subsidiaries, (ii) any recapitalization, restructuring, liquidation, dissolution or other extraordinary transaction with respect to the Company or any of its subsidiaries, or (iii) any \u201csolicitation\u201d of \u201cproxies\u201d (as such terms are used in the proxy rules of the Securities and Exchange Commission) or consents to vote any voting securities of the Company, (b) deposit any voting securities of the Company in a voting trust or subject voting securities of the Company to a voting agreement or any other arrangement or understanding with respect to the voting of such securities; (c) form, join or in any way participate in a \u201cgroup\u201d (as defined under the Exchange Act) with respect to the Company or otherwise act in concert with any person in respect of any such securities; (d) call, or propose to call, a meeting of the shareholders of the Company or initiate any shareholder proposal for action by shareholders of the Company, or propose the removal of any director from the Board or, except as permitted by and in accordance with Article 3, propose or nominate any individual to serve as a director on the Board (e) otherwise act, alone or in concert with others, to propose to control or knowingly influence, in any manner, the management or the Board or the policies of the Company or (f) disclose or direct any person to disclose, any intention, plan or arrangement inconsistent with the foregoing.", "snippet_links": [{"key": "a-nominee", "type": "definition", "offset": [76, 85]}, {"key": "on-the-board", "type": "definition", "offset": [94, 106]}, {"key": "in-writing", "type": "clause", "offset": [144, 154]}, {"key": "by-the-board", "type": "clause", "offset": [155, 167]}, {"key": "series-a-convertible-preferred-stock", "type": "definition", "offset": [199, 235]}, {"key": "the-company-has", "type": "clause", "offset": [240, 255]}, {"key": "materially-breached", "type": "definition", "offset": [256, 275]}, {"key": "the-terms", "type": "definition", "offset": [299, 308]}, {"key": "articles-supplementary", "type": "definition", "offset": [330, 352]}, {"key": "in-respect-of", "type": "definition", "offset": [353, 366]}, {"key": "the-rights", "type": "clause", "offset": [367, 377]}, {"key": "the-series", "type": "clause", "offset": [409, 419]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [489, 511]}, {"key": "participate-in", "type": "definition", "offset": [641, 655]}, {"key": "any-other-person", "type": "definition", "offset": [702, 718]}, {"key": "tender-or-exchange-offer", "type": "clause", "offset": [824, 848]}, {"key": "other-business-combination", "type": "definition", "offset": [860, 886]}, {"key": "significant-portion", "type": "definition", "offset": [997, 1016]}, {"key": "assets-of-the-company-and-its-subsidiaries", "type": "clause", "offset": [1037, 1079]}, {"key": "extraordinary-transaction", "type": "clause", "offset": [1157, 1182]}, {"key": "with-respect-to-the-company", "type": "clause", "offset": [1183, 1210]}, {"key": "rules-of", "type": "definition", "offset": [1317, 1325]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [1326, 1364]}, {"key": "securities-of-the-company", "type": "clause", "offset": [1397, 1422]}, {"key": "company-in", "type": "clause", "offset": [1465, 1475]}, {"key": "voting-trust", "type": "clause", "offset": [1478, 1490]}, {"key": "agreement-or", "type": "definition", "offset": [1547, 1559]}, {"key": "other-arrangement", "type": "definition", "offset": [1564, 1581]}, {"key": "the-voting", "type": "clause", "offset": [1615, 1625]}, {"key": "the-exchange-act", "type": "definition", "offset": [1718, 1734]}, {"key": "act-in-concert", "type": "definition", "offset": [1777, 1791]}, {"key": "any-person", "type": "definition", "offset": [1797, 1807]}, {"key": "meeting-of-the-shareholders-of-the-company", "type": "clause", "offset": [1875, 1917]}, {"key": "shareholder-proposal", "type": "definition", "offset": [1934, 1954]}, {"key": "action-by-shareholders", "type": "clause", "offset": [1959, 1981]}, {"key": "removal-of", "type": "definition", "offset": [2013, 2023]}, {"key": "in-accordance-with", "type": "clause", "offset": [2083, 2101]}, {"key": "article-3", "type": "definition", "offset": [2102, 2111]}, {"key": "to-serve", "type": "definition", "offset": [2148, 2156]}, {"key": "a-director", "type": "clause", "offset": [2160, 2170]}, {"key": "to-control", "type": "definition", "offset": [2247, 2257]}, {"key": "the-management", "type": "clause", "offset": [2297, 2311]}, {"key": "policies-of-the-company", "type": "clause", "offset": [2332, 2355]}, {"key": "to-disclose", "type": "definition", "offset": [2393, 2404]}, {"key": "the-foregoing", "type": "definition", "offset": [2459, 2472]}], "samples": [{"hash": "71N1FymTbT7", "uri": "/contracts/71N1FymTbT7#standstill-obligations", "label": "Investor Rights Agreement (FrontView REIT, Inc.)", "score": 36.879535675, "published": true}, {"hash": "2WruSMFFZGt", "uri": "/contracts/2WruSMFFZGt#standstill-obligations", "label": "Investment Agreement (FrontView REIT, Inc.)", "score": 36.879535675, "published": true}], "size": 5, "hash": "a90bde6de011af46f89b7b228fba4d96", "id": 3}, {"snippet": "3.3.1. To the extent permissible by the SEBI ICDR Regulations (defined below) and the SEBI \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Regulations (defined below), the Company shall during the period between the Agreement Date and the Closing Date (\u201cStandstill Period\u201d):\n(a) provide the Purchaser with such information of the Company as reasonably requested and give reasonable access to the Purchaser and its authorised employees, representatives and agents to the assets, books, accounts, and records, of the Company, during reasonable business hours;\n(b) preserve the books and records of the Company;\n(c) keep the Purchaser involved and promptly deliver to the Purchaser, all explanations, information and copies of any notices or written threats of Litigation, condemnation actions, and other material matters involving the Company;\n(d) take all actions necessary to give effect to the transactions contemplated by this Agreement; and\n(e) carry on the Business of the Company in the ordinary course of business and in accordance with applicable Law and governmental approvals.\n3.3.2. During the Standstill Period, the Company and the Seller shall not (and shall ensure that their respective Affiliates do not) directly or indirectly discuss, enter into any agreement or understanding with (whether or not such agreement or understanding is absolute, revocable, contingent, conditional, oral, written, binding or otherwise) or solicit any Person: (a) for a potential acquisition or transfer of any or all the Securities of the Company; (b) in connection with the ownership or Control of the Company; or (c) granting any management rights in the Company.\n3.3.3. During the Standstill Period, the Seller shall not (and shall ensure that its Affiliates do not) directly or indirectly discuss, enter into agreement or understanding with (whether or not such agreement or understanding is absolute, revocable, contingent, conditional, oral, written, binding or otherwise) or solicit any Person for a potential acquisition or transfer of any or all the Securities of the Company including in relation to Purchase Shares. Further, the Seller shall not and shall ensure that the Depository Participant shall not transfer / credit, or act on any instruction to transfer / credit the Purchase Shares to any Person.\n3.3.4. The Company and the Seller confirm that as on the Agreement Date, other than the Facility Agreement, they (including their respective Affiliates) have discontinued all discussions or terminated all agreements with any other Person (other than the Purchaser and/or its Affiliates) in relation to any proposed sale of Purchase Shares, and that no Person (other than the Purchaser and/or its Affiliates under this Agreement) has any right or entitlement granted either by the Company and the Seller (including their Affiliates) to acquire the Securities of the Company.\n3.3.5. Without limiting the generality of the foregoing, except as expressly contemplated or permitted by this Agreement, during the Standstill Period, the Company shall not, without the prior written consent of the Purchaser:\n(a) amend or modify the charter documents of the Company;\n(b) change the Company\u2019s corporate name or corporate form;\n(c) change the scope or nature, discontinue or cease to conduct the Business or part thereof or commence any new line of business;\n(d) enter into, amend or vary the terms of, or waive or assign any rights under any related party transaction other than in the ordinary course of business and/or incur any extraordinary expenses other than in relation to the Company\u2019s initial public offer (\u201cIPO\u201d), or make any payouts to related parties other than in the ordinary course of business;\n(e) enter into or give effect to any scheme of arrangement or amalgamation, demerger, restructuring, consolidation, voluntary liquidation, voluntarily winding up, voluntary insolvency or dissolution of the Company or commence any proceedings in relation to any of the foregoing;\n(f) declare, authorise, set aside, or pay any dividends or make any other distributions or redeem, purchase or otherwise acquire any of the Securities of the Company;\n(g) make any changes to the capital structure of the Company, including by way of issue, redemption, buyback, capital reduction, share splits, consolidation, reclassification, creation of new class or series, change in the rights / preferences / privileges / restrictions of securities, bonus issuance and/or grant of any options except where the grant of options under the employee stock options scheme of the Company does not exceed 0.40% (zero point four zero percent) of the paid-up share capital of the Company (on a Fully Diluted Basis) or cancellation of any Securities or grant any right or option to subscribe to or purchase any Securities;\n(h) acquire or transfer in any manner whatsoever, or create an Encumbrance, on any of the assets or Securities of the Company;\n(i) establish a subsidiary or make an investment in any other Person or enter into any joint venture, profit sharing arrangement or partnership;\n(j) acquire any business or undertaking;\n(k) change the statutory auditors of the Company;\n(l) make or change any Tax election, settle or compromise any proceeding with respect to any Tax claim or assessment relating to the Company, surrender any right to claim a refund of Taxes, consent to any extension or waiver of the limitation period applicable to any Tax claim or assessment relating to the Company, file any amended Tax return, or submit any Tax return which is inconsistent with past practice or incur any Tax liability other than in the ordinary course of business;\n(m) enter into, terminate, waive any rights in respect of, or vary the terms of any material contract (including any contract which directly or indirectly impacts the business of the Company);\n(n) acquire or incur any financial indebtedness;\n(o) forgive or waive any financial indebtedness owed to the Company;\n(p) alter the terms on which the Company is insured as disclosed in writing to the Purchaser prior to the Agreement Date, or do or allow any act or omission that might render such insurance void or voidable or otherwise terminate such insurance;\n(q) make any change to the accounting reference date, accounting procedures, policies or treatment by reference to which its accounts or other financial statements are prepared unless required under applicable Law;\n(r) initiation and/or settlement of any Litigation, by or against the Company (including applicable criminal Law, anti-corruption Law and/or anti-money laundering Law and involving any non-monetary relief relating to the Purchaser, the Seller and/or their directors); and\n(s) enter into any agreement, commitment or arrangement in relation to any of the foregoing. Provided that none of the provisions of this Clause 3.3 shall be applicable to any acts, deeds or activities undertaken or any agreements, documents forms and instruments executed by the Company and / or the Promoters in connection with the IPO of the Company.\n3.3.6. The Company and the Seller shall promptly notify the Purchaser of any event that would constitute a violation or breach of any of the Seller Warranties, Company Warranties and/or of any other material terms and conditions contained in this Agreement. It is however clarified that nothing in this Clause 3.3 (Standstill Obligations) (including any notification to the Purchaser) shall prejudice the rights or remedies of the Purchaser under this Agreement arising out of, or in connection with, a breach or violation of the Seller Warranties, Company Warranties and/or any of the other terms and conditions of this Agreement.", "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [7, 20]}, {"key": "sebi-icdr-regulations", "type": "definition", "offset": [40, 61]}, {"key": "the-company-shall", "type": "clause", "offset": [136, 153]}, {"key": "during-the-period", "type": "clause", "offset": [154, 171]}, {"key": "the-closing-date", "type": "clause", "offset": [203, 219]}, {"key": "provide-the", "type": "clause", "offset": [247, 258]}, {"key": "information-of-the-company", "type": "clause", "offset": [279, 305]}, {"key": "access-to-the", "type": "clause", "offset": [350, 363]}, {"key": "authorised-employees", "type": 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"applicable-law", "type": "definition", "offset": [1011, 1025]}, {"key": "governmental-approvals", "type": "clause", "offset": [1030, 1052]}, {"key": "during-the-standstill-period", "type": "clause", "offset": [1061, 1089]}, {"key": "the-seller-shall", "type": "clause", "offset": [1107, 1123]}, {"key": "respective-affiliates", "type": "definition", "offset": [1157, 1178]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [1187, 1209]}, {"key": "agreement-or", "type": "definition", "offset": [1234, 1246]}, {"key": "any-person", "type": "definition", "offset": [1411, 1421]}, {"key": "transfer-of", "type": "clause", "offset": [1458, 1469]}, {"key": "securities-of-the-company", "type": "clause", "offset": [1485, 1510]}, {"key": "in-connection-with", "type": "clause", "offset": [1516, 1534]}, {"key": "control-of-the-company", "type": "clause", "offset": [1552, 1574]}, {"key": "management-rights", "type": "definition", "offset": [1596, 1613]}, {"key": "in-relation-to", "type": "clause", "offset": [2059, 2073]}, {"key": "participant-shall", "type": "clause", "offset": [2158, 2175]}, {"key": "to-transfer", "type": "clause", "offset": [2225, 2236]}, {"key": "on-the-agreement-date", "type": "clause", "offset": [2331, 2352]}, {"key": "the-facility-agreement", "type": "clause", "offset": [2365, 2387]}, {"key": "all-agreements", "type": "clause", "offset": [2482, 2496]}, {"key": "any-other-person", "type": "definition", "offset": [2502, 2518]}, {"key": "sale-of-purchase-shares", "type": "clause", "offset": [2596, 2619]}, {"key": "no-person", "type": "clause", "offset": [2630, 2639]}, {"key": "by-the-company", "type": "clause", "offset": [2754, 2768]}, {"key": "to-acquire", "type": "definition", "offset": [2813, 2823]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [2862, 2910]}, {"key": "consent-of-the-purchaser", "type": "clause", "offset": [3056, 3080]}, {"key": "documents-of-the-company", "type": "clause", "offset": [3114, 3138]}, {"key": "corporate-name", "type": "definition", "offset": [3165, 3179]}, {"key": "corporate-form", "type": "clause", "offset": [3183, 3197]}, {"key": "the-scope", "type": "clause", "offset": [3210, 3219]}, {"key": "conduct-the-business", "type": "definition", "offset": [3255, 3275]}, {"key": "new-line-of-business", "type": "clause", "offset": [3308, 3328]}, {"key": "terms-of", "type": "definition", "offset": [3364, 3372]}, {"key": "related-party-transaction", "type": "definition", "offset": [3414, 3439]}, {"key": "extraordinary-expenses", "type": "clause", "offset": [3503, 3525]}, {"key": "relation-to-the-company", "type": "clause", "offset": [3540, 3563]}, {"key": "public-offer", "type": "clause", "offset": [3574, 3586]}, {"key": "related-parties", "type": "definition", "offset": [3619, 3634]}, {"key": "scheme-of-arrangement", "type": "definition", "offset": [3719, 3740]}, {"key": "voluntary-liquidation", "type": "clause", "offset": [3798, 3819]}, {"key": "winding-up", "type": "clause", "offset": [3833, 3843]}, {"key": "dissolution-of-the-company", "type": "clause", "offset": [3869, 3895]}, {"key": "set-aside", "type": "clause", "offset": [3985, 3994]}, {"key": "other-distributions", "type": "definition", "offset": [4029, 4048]}, {"key": "capital-structure-of-the-company", "type": "clause", "offset": [4156, 4188]}, {"key": "capital-reduction", "type": "definition", "offset": [4238, 4255]}, {"key": "share-splits", "type": "clause", "offset": [4257, 4269]}, {"key": "class-or-series", "type": "clause", "offset": [4320, 4335]}, {"key": "change-in", "type": "definition", "offset": [4337, 4346]}, {"key": "the-rights", "type": "clause", "offset": [4347, 4357]}, {"key": "of-securities", "type": "clause", "offset": [4400, 4413]}, {"key": "grant-of-options", "type": "definition", "offset": [4475, 4491]}, {"key": "employee-stock-options", "type": "definition", "offset": [4502, 4524]}, {"key": "zero-point", "type": "definition", "offset": [4570, 4580]}, {"key": "share-capital-of-the-company", "type": "clause", "offset": [4615, 4643]}, {"key": "fully-diluted-basis", "type": "definition", "offset": [4650, 4669]}, {"key": "cancellation-of", "type": "clause", "offset": [4674, 4689]}, {"key": "option-to-subscribe", "type": "definition", "offset": [4727, 4746]}, {"key": "transfer-in", "type": "clause", "offset": [4793, 4804]}, {"key": "joint-venture", "type": "clause", "offset": [4992, 5005]}, {"key": "profit-sharing-arrangement", "type": "clause", "offset": [5007, 5033]}, {"key": "any-business", "type": "definition", "offset": [5062, 5074]}, {"key": "auditors-of-the-company", "type": "definition", "offset": [5116, 5139]}, {"key": "tax-election", "type": "definition", "offset": [5164, 5176]}, {"key": "with-respect-to", "type": "clause", "offset": [5214, 5229]}, {"key": "tax-claim", "type": "definition", "offset": [5234, 5243]}, {"key": "relating-to", "type": "definition", "offset": [5258, 5269]}, {"key": "right-to", "type": "definition", "offset": [5297, 5305]}, {"key": "refund-of-taxes", "type": "clause", "offset": [5314, 5329]}, {"key": "consent-to", "type": "definition", "offset": [5331, 5341]}, {"key": "the-limitation-period", "type": "definition", "offset": [5369, 5390]}, {"key": "applicable-to", "type": "definition", "offset": [5391, 5404]}, {"key": "amended-tax-return", "type": "definition", "offset": [5467, 5485]}, {"key": "past-practice", "type": "definition", "offset": [5539, 5552]}, {"key": "tax-liability", "type": "definition", "offset": [5566, 5579]}, {"key": "in-respect-of", "type": "definition", "offset": [5671, 5684]}, {"key": "material-contract", "type": "definition", "offset": [5711, 5728]}, {"key": "financial-indebtedness", "type": "definition", "offset": [5845, 5867]}, {"key": "indebtedness-owed-to", "type": "definition", "offset": [5904, 5924]}, {"key": "disclosed-in-writing", "type": "clause", "offset": [5993, 6013]}, {"key": "prior-to-the", "type": "clause", "offset": [6031, 6043]}, {"key": "act-or-omission", "type": "definition", "offset": [6079, 6094]}, {"key": "change-to", "type": "definition", "offset": [6197, 6206]}, {"key": "accounting-reference-date", "type": "clause", "offset": [6211, 6236]}, {"key": "accounting-procedures", "type": "clause", "offset": [6238, 6259]}, {"key": "reference-to", "type": "clause", "offset": [6286, 6298]}, {"key": "other-financial-statements", "type": "definition", "offset": [6321, 6347]}, {"key": "settlement-of", "type": "clause", "offset": [6421, 6434]}, {"key": "criminal-law", "type": "clause", "offset": [6499, 6511]}, {"key": "corruption-law", "type": "clause", "offset": [6518, 6532]}, {"key": "money-laundering-law", "type": "definition", "offset": [6545, 6565]}, {"key": "any-non", "type": "clause", "offset": [6580, 6587]}, {"key": "monetary-relief", "type": "clause", "offset": [6588, 6603]}, {"key": "provided-that", "type": "definition", "offset": [6764, 6777]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [6786, 6808]}, {"key": "executed-by", "type": "definition", "offset": [6935, 6946]}, {"key": "the-ipo", "type": "clause", "offset": [7001, 7008]}, {"key": "notify-the", "type": "clause", "offset": [7074, 7084]}, {"key": "breach-of-any", "type": "clause", "offset": [7145, 7158]}, {"key": "the-seller-warranties", "type": "clause", "offset": [7162, 7183]}, {"key": "company-warranties", "type": "clause", "offset": [7185, 7203]}, {"key": "other-material-terms-and-conditions", "type": "clause", "offset": [7218, 7253]}, {"key": "in-this-agreement", "type": "definition", "offset": [7264, 7281]}, {"key": "nothing-in-this-clause", "type": "clause", "offset": [7312, 7334]}, {"key": "notification-to", "type": "clause", "offset": [7379, 7394]}, {"key": "remedies-of-the-purchaser", "type": "clause", "offset": [7440, 7465]}, {"key": "arising-out-of", "type": "definition", "offset": [7487, 7501]}, {"key": "violation-of-the", "type": "clause", "offset": [7538, 7554]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [7617, 7655]}], "samples": [{"hash": "fCisZY52PCs", "uri": "/contracts/fCisZY52PCs#standstill-obligations", "label": "Share Purchase Agreement", "score": 35.2124137878, "published": true}, {"hash": "kShF6xYDQ9K", "uri": "/contracts/kShF6xYDQ9K#standstill-obligations", "label": "Share Purchase Agreement", "score": 35.1905136108, "published": true}, {"hash": "b34yiLwatxV", "uri": "/contracts/b34yiLwatxV#standstill-obligations", "label": "Share Purchase Agreement", "score": 34.7662200928, "published": true}], "size": 6, "hash": "340af1b06975063e7a30d1a00df80c4e", "id": 2}, {"snippet": "10.1 Each of the Parties (other than Option Holder) respectively undertakes that it shall (promptly upon becoming aware of the same) notify Option Holder in writing of the occurrence of any Enforcement Event, providing reasonable detail in such notice as to the circumstances surrounding such event (the \u201cEnforcement Event Notice\u201d), together with any such other information relating thereto as Option Holder may reasonably require. The date such Enforcement Event Notice is provided to Option Holder is the \u201cRelevant Date\u201d.\n10.2 Owner undertakes that, for the period commencing on the occurrence of any Enforcement Event and ending ***** days after the Relevant Date (such period, the \u201cStandstill Period\u201d), it shall not exercise any Enforcement Rights (other than in connection with any proceedings required to protect the rights of Owner under the Applicable Agreements in respect of the Vessel where third parties have commenced proceedings against the Vessel or the Sub-Lessee); provided that, if the Enforcement Event relates to a payment default by Lessee under the Lease, all Hire and Fees due and payable under the Charter Documents during the Standstill Period are paid to such account as may be directed from time to time by Owner, and provided further, however, that such undertaking shall not apply where:\n(a) there has occurred and is continuing an Event of Charterer\u2019s Default, as defined in the Charter, or an Event of Customer\u2019s Default, as defined in the OSA, subject to any cure and notice periods as provided in the respective Charter Document; or\n(b) Option Holder confirms in writing that it does not intend to exercise its rights to purchase the Vessel pursuant to this Agreement at any time during the Standstill Period; or\n(c) the Vessel has become an actual, agreed, arranged or constructive total loss.\n10.3 Each of the Parties (other than Option Holder) hereby respectively acknowledges and agrees that Option Holder shall be permitted to exercise the Purchase Option at any time during the Option Period, including without limitation, at any time when a Standstill Period is in effect.\n10.4 Upon exercise by Option Holder of the Option:\n(a) Option Holder undertakes to promptly provide a copy of the Option Notice to each of the other Parties, and to provide any further information relating to the purchase of the Vessel pursuant to this Agreement as such Parties may reasonably require;\n(b) Owner undertakes (promptly, upon written request therefor) to provide to Lessee and Option Holder written confirmation of the Required Amount (if applicable);\n(c) Owner undertakes to cooperate with Option Holder and to do all such things as Option Holder may reasonably request to give effect to this Agreement and to complete the sale and transfer of the Vessel from Owner to Buyer as contemplated by this Agreement and the Option Notice; and\n(d) each of the Parties (other than Option Holder) respectively agrees that it shall not be permitted to exercise any Enforcement Right for a period of ninety five (95) days after the Option Date (other than in connection with any proceedings required to protect the rights of Owner under the Applicable Agreements in respect of the Vessel where third parties have commenced proceedings against the Vessel or the Sub-Lessee); provided that, if the Enforcement Event relates to a payment default by Lessee under the Lease, all Hire and Fees due and payable under the Charter Documents during such period are paid to such account as may be directed from time to time by Owner, and provided, however, that such undertaking shall not apply where:\n(i) there has occurred and is continuing an Event of Charterer\u2019s Default, as defined in the Charter, or an Event of Customer\u2019s Default, as defined in the OSA, subject to any cure and notice periods as provided in the respective Charter Document; or\n(ii) the Vessel has become an actual, agreed, arranged or constructive total loss.\n10.5 Owner acknowledges and agrees that the exercise by it of any Security Right is conditional on the applicable transferee, novatee or assignee (a \u201cThird Party\u201d) first agreeing, in terms acceptable to Option Holder, to acknowledge and be bound by the terms of this Agreement provided, however, that such undertaking shall not apply where there has occurred and is continuing an Event of Charterer\u2019s Default, as defined in the Charter, or an Event of Customer\u2019s Default, as defined in the OSA, subject to any cure and notice periods as provided in the respective Charter Document or if the Vessel shall be disposed of as a consequence of third parties having commenced proceedings against the Vessel or the Sub-Lessee.\n10.6 Upon any Security Rights becoming exercisable by Owner, it shall provide ***** (or such lesser period as may be permitted under the QEA) prior written notice to Option Holder of its intention to exercise such rights provided, however, that such undertaking shall not apply where there has occurred and is continuing an Event of Charterer\u2019s Default, as defined in the Charter, or an Event of Customer\u2019s Default, as defined in the OSA, subject to any cure and notice periods as provided in the respective Charter Document. Such notice shall contain reasonable detail of the action Owner proposes to take, including (if applicable) the identity of any Third Party to whom the ownership and/or management of the Vessel is to be transferred.\n10.7 If Owner takes any proceedings required to protect its rights under the Applicable Agreements in respect of the Vessel where third parties have commenced proceedings against the Vessel or the Sub-Lessee, as permitted by Clauses 10.2 and 10.4, it shall notify Option Holder in writing of such proceedings as soon as possible after making its decision to take such proceedings.", "snippet_links": [{"key": "each-of-the-parties", "type": "clause", "offset": [5, 24]}, {"key": "option-holder", "type": "definition", "offset": [37, 50]}, {"key": "promptly-upon", "type": "clause", "offset": [91, 104]}, {"key": "in-writing", "type": "clause", "offset": [154, 164]}, {"key": "enforcement-event-notice", "type": "definition", "offset": [305, 329]}, {"key": "other-information", "type": 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[{"hash": "ilZ52nn3OBU", "uri": "/contracts/ilZ52nn3OBU#standstill-obligations", "label": "Shareholder Agreement (Centra Software Inc)", "score": 19.0, "published": true}], "size": 2, "hash": "edae2c889c038409a17f9465b6ee08e0", "id": 7}, {"snippet": "(1) The Buyer hereby agrees with the Company and covenants that until the first anniversary of the Closing Date (except with respect to clause \"f.\" which shall continue until the second anniversary of the Closing Date), so long as it is the record or beneficial owner of any Preferred Shares (subject to adjustments upon stock splits, dividends and recapitalizations), without the prior written consent of the Company, it will not directly or indirectly:\na. make, or in any way participate in, alone or in concert with others, any \"solicitation\" of \"proxies\" or \"consents\" (as such terms are used in the proxy rules of the SEC promulgated pursuant to Section 14 of the \u2587\u2587\u2587\u2587 \u2587\u2587\u2587) to vote for the election or removal of directors of the Company (except to the extent otherwise permitted pursuant to Section 5(k)(x)(2) below);\nb. otherwise seek to nominate, alone or in concert with others, any person for election as a director of the Company who is not nominated by the then incumbent directors (except to the extent otherwise permitted pursuant to Section 5(k)(x)(2) below);\nc. vote (whether at a meeting of stockholders, by written consent without a meeting or otherwise), alone or in concert with others, any or all of the Shares beneficially owned by the Buyer in favor of the election as a director of the Company of any nominee that has not been nominated or recommended for election as a director of the Company by the then incumbent directors (except to the extent otherwise permitted pursuant to Section 5(k)(x)(2) below);\nd. vote (whether at a meeting of stockholders, by written consent without a meeting or otherwise), alone or in concert with others, any or all of the Shares beneficially owned by the Buyer in favor of any proposal to remove as a director of the Company of any director that has not been made, sponsored and submitted by, or at the direction of, the then incumbent directors (except to the extent otherwise permitted pursuant to Section 5(k)(x)(2) below);\n\u2587. \u2587\u2587\u2587\u2587\u2587 to any Person any proxy or power of attorney that would or could enable such Person to vote, alone or in concert with others, or otherwise transfer or assign to any Person the power to vote (whether at a meeting of stockholders, by written consent without a meeting or otherwise), any or all of the Shares beneficially owned by the Buyer in a manner that would violate the provisions of clauses \"c.\" and/or \"d.\" above or the foregoing prohibition on the granting of proxies and powers of attorney;\nf. acquire, offer or propose to acquire, solicit an offer to sell or agree to acquire, directly or indirectly, alone or in concert with others, by purchase or otherwise, any direct or indirect \"beneficial ownership\" (such term, for purposes of this Agreement, shall have the meaning provided therefor under the rules and regulations promulgated by the SEC under Section 13(d) of the 1934) in any voting securities or any direct or indirect beneficial ownership in any rights, warrants or options to acquire, or in any securities convertible into or exchangeable for, any voting securities of the Company (other than as set forth in Section 5(k)(x)(3) and as contemplated by the Transaction Documents); or\ng. otherwise act, directly or indirectly, alone or in concert with others to propose to the Company's stockholders any merger, business combination, restructuring, recapitalization or other transaction that, in each case, would involve or result in a change of control of the Company (it being understood that nothing in this clause \"g.\" shall prevent any Person who is elected to the Board of Directors of the Company by the holders of the Preferred Stock pursuant to Section 12(c)(1) of the Certificate of Designations, in such Person's capacity as a member of the Board of Directors and consistent with his or her fiduciary duties, from individually proposing, supporting or voting in favor of such a transaction (whether or not such transaction was proposed by such Person or another member of the Board of Directors)).\n(2) Notwithstanding anything expressed or implied in this Section 5(k)(x) to the contrary, the provisions of this Section 5(k)(x) shall not apply to, or restrict or otherwise limit in any way, (A) any right of any Person who is elected to the Board of Directors of the Company by the holders of the Preferred Stock pursuant to Section 12(c)(1) of the Certificate of Designations, in such Person's capacity as a member of the Board of Directors, to participate in the Board of Director's process to nominate directors for future elections in accordance with the Company's Certificate of Incorporation", "snippet_links": [{"key": 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those obligations would otherwise become due and payable).\n2.2.2 Upon the date of satisfaction of all the conditions precedent to the relevant New BNFL Agreements, the Balancing Instalments and BNFL Interest Amounts which have accrued prior to such date and which fall due and payable during the Standstill Period shall not be payable at any time thereafter and each of the Companies shall be discharged from its obligations to pay such amounts to BNFL.\n2.2.3 Standstill Obligations owed to EPL Lenders and constituting principal repayments and any default interest due to them as a consequence of any non-payment of principal on its due date shall not be deferred unless all EPL Lenders so agree but each of the EPL Lenders which are a Party to this Agreement (through the EPL Facility Agent\u2019s execution on their behalf) acknowledges that no such amounts will be paid during the Standstill Period and confirms that they shall not take any action during the Standstill Period to require or enforce payment of any such amounts.", "snippet_links": [{"key": "subject-to-sub", "type": "clause", "offset": [6, 20]}, {"key": "obligations-of-each", "type": "clause", "offset": [96, 115]}, {"key": "expiry-of", "type": "clause", "offset": [152, 161]}, {"key": "due-and-payable", "type": "definition", "offset": [260, 275]}, {"key": "date-of", "type": "clause", "offset": [293, 300]}, {"key": "satisfaction-of", "type": "clause", "offset": [301, 316]}, {"key": "the-relevant", "type": "clause", "offset": [349, 361]}, {"key": "interest-amounts", "type": "definition", "offset": [418, 434]}, {"key": "prior-to", "type": "definition", "offset": [454, 462]}, {"key": "fall-due", "type": "definition", "offset": [483, 491]}, {"key": "during-the-standstill-period", "type": "clause", "offset": [504, 532]}, {"key": "at-any-time", "type": "clause", "offset": [554, 565]}, {"key": "the-companies", "type": "definition", "offset": [589, 602]}, {"key": "obligations-to-pay", "type": "clause", "offset": [632, 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"Cl8SWWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjsLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih9zdGFuZHN0aWxsLW9ibGlnYXRpb25zIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Standstill Obligations", "parents": [["additional-covenants", "Additional Covenants"], ["standstill", "Standstill"], ["purchase-restrictions", "Purchase Restrictions"], ["rights-offering", "RIGHTS OFFERING"], ["ratification", "Ratification"]], "children": [["limitation", "Limitation"], ["participation", "Participation"], ["recapitalizations-etc", "Recapitalizations, Etc"], ["repurchases", "Repurchases"], ["standstill-obligations", "Standstill Obligations"]], "size": 82, "id": "standstill-obligations", "related": [["\u2587\u2587\u2587\u2587\u2587-obligations", "\u2587\u2587\u2587\u2587\u2587 OBLIGATIONS", "\u2587\u2587\u2587\u2587\u2587 OBLIGATIONS"], ["continuing-obligations-of-the-grantors", "Continuing Obligations of the Grantors", "Continuing Obligations of the Grantors"], ["prior-obligations", "Prior Obligations", "Prior Obligations"], ["additional-obligations-of-the-company", "Additional Obligations of the Company", "Additional Obligations of the Company"], ["reaffirmation-of-credit-party-obligations", "Reaffirmation of Credit Party Obligations", "Reaffirmation of Credit Party Obligations"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00", "also_ask": ["What are the most effective carve-outs to negotiate in standstill obligations?", "Which drafting elements are essential to ensure enforceability of standstill clauses?", "What are the primary risks if standstill obligations are breached or poorly defined?", "How do standstill obligations differ across key jurisdictions or deal types?", "What factors do courts consider when determining if a standstill obligation is enforceable?"], "drafting_tip": "Specify the duration and scope of standstill obligations to prevent uncertainty; clarify permitted exceptions to ensure enforceability; define consequences for breach to deter violations.", "explanation": "A standstill obligations clause restricts one or both parties from taking certain actions, typically related to acquiring shares, making takeover offers, or otherwise increasing their influence over the other party during a specified period. In practice, this means that, for example, a potential acquirer agrees not to purchase additional shares or launch a hostile bid while negotiations or due diligence are ongoing. The core function of this clause is to maintain the status quo and prevent disruptive actions, thereby fostering a stable environment for discussions or transactions to proceed without undue pressure or interference."}, "json": true, "cursor": ""}}