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proposal or condition;\n(i) (i) call or seek to call or request the calling of any meeting of stockholders at either the Company or FSFR, including by written consent, (ii) seek, alone or in concert with others, representation on, or nominate any candidate to, the Company Board or the FSFR Board, (iii) seek the removal of any member of the Company Board or the FSFR Board, (iv) seek, alone or in concert with others, or support any Third Party in seeking, to replace the investment advisor of the Company or the investment advisor of FSFR, (v) solicit consents from the Company or FSFR stockholders or otherwise act or seek to act by written consent, (vi) conduct a referendum of the Company or FSFR stockholders or (vii) make a request for any stockholders list or any other books and records in Sellers\u2019 capacity as a Company or FSFR stockholder;\n(j) purchase or cause to be purchased or otherwise acquire or agree to acquire beneficial ownership of any securities issued by the Company or 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other Person:\n(i) propose or seek to effect any Change of Control Transaction, including by entering into a support agreement or lock-up agreement in respect of such a transaction, provided that for greater certainty, the Investor and its Affiliates shall be permitted to tender to, vote in favour of, and/or enter into a support agreement or lock-up agreement in respect of a Change of Control Transaction supported by a majority of the Board;\n(ii) solicit proxies from Shareholders or form, join, support or participate in a group to solicit proxies from Shareholders with a view to replacing the members of the Board;\n(iii) purchase, offer or agree to purchase or negotiate to purchase any Securities or assets of the Company, other than as contemplated in the Purchase Agreement or any Closing Document (as defined in the Purchase Agreement), without the advance written authorization of the Board;\n(iv) advise or encourage any Person proposing any of the foregoing (including forming a 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any rights of the Investor under the Purchase Agreement or the Closing Documents;\n(v) acquiring Securities in accordance with the terms of the Participation Rights set forth in Section 4.1;\n(vi) acquiring Securities in accordance with the terms of the Top-Up Rights set forth in Section 4.2;\n(vii) participating in rights offerings conducted by the Company;\n(viii) receiving stock dividends or similar distributions made by the Company;\n(ix) provided that the Investor has not breached Section 3.1(a), tendering Shares to a formal take-over bid for the Shares or any similar transaction by an arm's length third party; or\n(x) disposing of Shares by operation of a statutory amalgamation, merger, arrangement, business combination or other statutory procedure involving the Company or the Shares.\n(c) Section 3.1(a) shall cease to be of any force or effect: (i) as of the public announcement or public disclosure of (A) the commencement of a Credible Bid, or an intention to undertake a Credible Bid, for voting or equity securities of the Company or any of its Affiliates; (B) any agreement, arrangement or understanding in respect of a merger, amalgamation, arrangement, asset purchase or other business combination transaction involving the Company or any of its Affiliates, or an intention to make an offer to the Company or any of its Affiliates to undertake such a transaction, which would, if completed, result in (I) any class of outstanding voting securities of the Company being converted into cash or securities of another person resulting in shareholders (excluding, for the avoidance of doubt, any shareholder who is acquiring voting securities of the Company as part of the transaction) holding less than 50% of the voting securities of the resulting or surviving entity, or (II) all or substantially all of the Company's assets being sold to any person or group (other than the Investor); (C) the commencement of any proceeding by or against the Company in connection with the dissolution, liquidation, winding up, bankruptcy or similar reorganization of the Company; (D) the appointment of a trustee, receiver, manager or other administrator of the Company or any of its material properties or assets; or (E) the Company seeking protection under the Bankruptcy and Insolvency Act (Canada), the Companies' Creditors Arrangement Act (Canada) or similar legislation; or (ii) if the Company is in material default of this Agreement and such default continues for a period of 30 days after the Company receives written Notice of such default from the Investor.", "hash": "346582590c53237b56373d7a22a60760", "id": 2}, {"samples": [{"hash": "a47kkFC0kkP", "uri": "/contracts/a47kkFC0kkP#standstill", "label": "Stockholder Support Agreement (Ace LTD)", "score": 16.0, "published": true}, {"hash": "a026jOTKTNa", "uri": "/contracts/a026jOTKTNa#standstill", "label": "Stockholder Support Agreement (Ace LTD)", "score": 16.0, "published": true}, {"hash": "8uP1AxVuEq7", "uri": 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"offset": [1496, 1508]}, {"key": "acquisition-of-securities", "type": "clause", "offset": [1518, 1543]}, {"key": "the-stockholders", "type": "clause", "offset": [1628, 1644]}, {"key": "to-request", "type": "clause", "offset": [1679, 1689]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [1745, 1767]}, {"key": "amend-or-waive", "type": "clause", "offset": [1772, 1786]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [1791, 1817]}, {"key": "any-action", "type": "definition", "offset": [1854, 1864]}, {"key": "public-announcement", "type": "clause", "offset": [1899, 1918]}, {"key": "business-combination", "type": "definition", "offset": [1950, 1970]}, {"key": "extraordinary-transaction", "type": "definition", "offset": [1982, 2007]}], "size": 259, "snippet": "The Stockholder agrees that, for a period of three years following the date hereof (the \"Standstill Period\"), it will not (and it will ensure that its affiliates (and any person acting on behalf of or in concert with it or any affiliate) will not), without ACE's prior written approval, (a) purchase or otherwise acquire (or enter into any agreement or make any proposal, including any proposal which is made public, to purchase or otherwise acquire) any securities of ACE, any warrant or option to purchase such securities, any security convertible into any such securities, or any other right to acquire such securities if upon any such purchase or acquisition the Stockholder owns or has the right to acquire (whether or not presently) five percent or more of the outstanding voting shares of ACE, (b) solicit proxies from stockholders of ACE or otherwise seek to influence or control the management or policies of ACE or any of its affiliates, (c) form, join or in any way participate in a \"group\" (within the meaning of Section 13(d)(3) of the Exchange Act) with respect to any voting securities of ACE or any of its subsidiaries, (d) otherwise act, alone or in concert with others, to seek 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The Stockholders also agree during such period not to request ACE (or its directors, officers, employees or agents), directly or indirectly, to amend or waive any provisions of this Section 8 (including this sentence) or take any action which might require ACE to make a public announcement regarding the possibility of a business combination, merger or extraordinary transaction.", "hash": "f29a4f88b5ea171ca15bd3f6c11e0e91", "id": 3}, {"samples": [{"hash": "9y8ODNmJYPC", "uri": "/contracts/9y8ODNmJYPC#standstill", "label": "Securities Purchase Agreement (Meta Financial Group Inc)", "score": 26.9329223633, "published": true}, {"hash": "lAXyGcXW9tl", "uri": "/contracts/lAXyGcXW9tl#standstill", "label": "Securities Purchase Agreement (Meta Financial Group Inc)", "score": 26.527721405, "published": true}, {"hash": "dSaiTfY3m3z", "uri": "/contracts/dSaiTfY3m3z#standstill", "label": "Securities Purchase Agreement (Meta Financial Group Inc)", "score": 26.527721405, "published": true}], "snippet_links": [{"key": "during-the-period", "type": "clause", "offset": [30, 47]}, {"key": "commencing-on-the-closing-date", "type": "clause", "offset": [48, 78]}, {"key": "in-writing", "type": "clause", "offset": [186, 196]}, {"key": "by-the-company", "type": "clause", "offset": [197, 211]}, {"key": "the-buyer-will", "type": "clause", "offset": [213, 227]}, {"key": "of-the-buyer", "type": "clause", "offset": [288, 300]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [320, 342]}, {"key": "any-other-person", "type": "definition", "offset": [378, 394]}, {"key": "a-director", "type": "definition", "offset": [420, 430]}, {"key": "participate-in", "type": "definition", "offset": [596, 610]}, {"key": "beneficial-ownership", "type": "clause", "offset": [813, 833]}, {"key": "options-to-acquire", "type": "clause", "offset": [856, 874]}, {"key": "the-subsidiaries", "type": "clause", "offset": [949, 965]}, {"key": "controlled-affiliates", "type": "definition", "offset": [977, 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beneficial ownership thereof) or rights or options to acquire any securities (or beneficial ownership thereof) of the Company or any of the Subsidiaries or Company Controlled Affiliates if, after giving effect to any such acquisition, the Buyer and/or any Buyer Controlled Entity and/or Control Group Member, either individually or in the aggregate, would beneficially own more than nine and ninety-nine one hundredths percent (9.99%) of the shares of Common Stock then outstanding, (B) any tender or exchange offer, merger or other business combination involving the Company or any of the Subsidiaries or Company Controlled Affiliates or any division or line of business of any thereof, (C) any recapitalization, restructuring, liquidation, dissolution or other extraordinary transaction with respect to the Company or any of the Subsidiaries or Company Controlled Affiliates or any division thereof, or (D) any \u201csolicitation\u201d of \u201cproxies\u201d (as such terms are used in the proxy 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The Buyer further agrees that it shall not, and shall not permit any director, officer or Affiliate of the Buyer to, during the Standstill Period, directly or indirectly, publicly request the Company (or its directors, officers, employees or agents) to amend or waive any provision of this Section 4(l) (including this sentence).", "hash": "0a08ffc16a70d3d3b7f4efa8dd7c59ba", "id": 5}, {"samples": [{"hash": "gNXIr1Lqrxx", "uri": "/contracts/gNXIr1Lqrxx#standstill", "label": "Rollover and Contribution Agreement (LAIX Inc.)", "score": 33.5229301453, "published": true}, {"hash": "fr1xGWAKtpJ", "uri": "/contracts/fr1xGWAKtpJ#standstill", "label": "Rollover and Contribution Agreement (LAIX Inc.)", "score": 33.5229301453, "published": true}, {"hash": "bNgXdSOAiAH", "uri": "/contracts/bNgXdSOAiAH#standstill", "label": "Rollover and Contribution Agreement (LAIX Inc.)", "score": 33.5229301453, "published": true}], "snippet_links": [{"key": "except-as-provided-in", "type": "clause", "offset": [0, 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purchase or otherwise, any beneficial ownership in, or direct or indirect rights to acquire any beneficial ownership in, securities of the Company or any subsidiary thereof; (ii) make any public announcement (other than any disclosure on Schedules 13D or 13G to the extent required by U.S. federal or state securities laws or the rules and regulations promulgated thereunder for the purpose of pursuing the Merger) with respect to, or submit a proposal for or offer of (with or without conditions), any tender or exchange offer, merger, recapitalization, reorganization, business combination or other extraordinary transaction involving the Company or any subsidiary thereof; (iii) seek or propose to influence or control the management or policies of the Company, make or in any way participate, directly or indirectly, in any \u201csolicitation\u201d of \u201cproxies\u201d (as such terms are used in the rules of the Securities and Exchange Commission of the United States) to vote any voting 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For the avoidance of doubt, nothing in this Section 2.2 or any other provision of this Agreement shall prohibit (a) the Rollover Shareholder from acquiring securities of the Company as a result of any share split, combination, recapitalization or other similar transaction in or of the securities of the Company if such share split, combination, recapitalization or other similar transaction has been duly approved by the Company, or (b) Parent and Merger Sub from entering into the Merger Agreement and consummating the Merger.", "hash": "b12454f2cbf6101c79b4b349f97f4700", "id": 6}, {"samples": [{"hash": "gqNI3IfE3AY", "uri": "/contracts/gqNI3IfE3AY#standstill", "label": "Common Stock Purchase Agreement (Avid Technology Inc)", "score": 18.0, "published": true}, {"hash": "2L0VWZlRzyJ", "uri": "/contracts/2L0VWZlRzyJ#standstill", "label": "Common Stock Purchase Agreement (Intel Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "of-record", "type": "definition", "offset": 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"following-the", "type": "definition", "offset": [5199, 5212]}, {"key": "provide-the", "type": "clause", "offset": [5280, 5291]}, {"key": "notice-of-any", "type": "clause", "offset": [5309, 5322]}, {"key": "business-days-of", "type": "clause", "offset": [5349, 5365]}, {"key": "dispose-of", "type": "definition", "offset": [5469, 5479]}, {"key": "to-the-extent", "type": "clause", "offset": [5497, 5510]}, {"key": "aggregate-percentage", "type": "definition", "offset": [5520, 5540]}, {"key": "represented-by", "type": "definition", "offset": [5582, 5596]}, {"key": "recapitalization-of-the-company", "type": "clause", "offset": [5757, 5788]}, {"key": "by-the-company", "type": "clause", "offset": [5831, 5845]}, {"key": "action-taken", "type": "definition", "offset": [5859, 5871]}, {"key": "during-the-period", "type": "clause", "offset": [5962, 5979]}, {"key": "section-8", "type": "clause", "offset": [6051, 6060]}, {"key": "equity-index", "type": "definition", "offset": [6091, 6103]}, {"key": "holders-of-shares", "type": "clause", "offset": [6263, 6280]}, {"key": "simple-majority", "type": "definition", "offset": [6334, 6349]}, {"key": "the-independent", "type": "clause", "offset": [6353, 6368]}, {"key": "members-of-the-company", "type": "definition", "offset": [6380, 6402]}, {"key": "board-of-directors", "type": "definition", "offset": [6405, 6423]}, {"key": "on-behalf-of", "type": "definition", "offset": [6458, 6470]}, {"key": "defined-benefit-pension-plan", "type": "clause", "offset": [6482, 6510]}, {"key": "profit-sharing", "type": "definition", "offset": [6512, 6526]}, {"key": "savings-plan", "type": "definition", "offset": [6551, 6563]}, {"key": "employee-retirement-plan", "type": "clause", "offset": [6575, 6599]}, {"key": "retirement-plans", "type": "clause", "offset": [6676, 6692]}, {"key": "where-the-company", "type": "clause", "offset": [6740, 6757]}, {"key": "a-trustee", "type": "clause", "offset": [6805, 6814]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [6815, 6833]}, {"key": "plan-voting", "type": "clause", "offset": [6980, 6991]}, {"key": "the-term", "type": "definition", "offset": [7096, 7104]}, {"key": "the-common-stock", "type": "clause", "offset": [7126, 7142]}, {"key": "issued-by", "type": "clause", "offset": [7168, 7177]}, {"key": "power-to-vote", "type": "clause", "offset": [7210, 7223]}, {"key": "directors-of-the-company", "type": "clause", "offset": [7243, 7267]}, {"key": "number-of-votes", "type": "clause", "offset": [7433, 7448]}, {"key": "for-directors", "type": "clause", "offset": [7487, 7500]}, {"key": "meeting-of-shareholders-of-the-company", "type": "clause", "offset": [7523, 7561]}, {"key": "total-number-of", "type": "definition", "offset": [7612, 7627]}, {"key": "to-the-fullest-extent", "type": "clause", "offset": [7788, 7809]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [7934, 7962]}, {"key": "ownership-of", "type": "clause", "offset": [8018, 8030]}, {"key": "a-pension", "type": "clause", "offset": [8056, 8065]}, {"key": "employee-benefit-program", "type": "clause", "offset": [8080, 8104]}, {"key": "to-control", "type": "definition", "offset": [8161, 8171]}, {"key": "investment-decisions", "type": "definition", "offset": [8176, 8196]}], "size": 97, "snippet": "The Investor hereby agrees that the Investor (together with all of its subsidiaries in which Investor owns beneficially or of record a majority of the outstanding Voting Stock of such subsidiary (\"Majority Owned Subsidiaries\")) shall not acquire \"beneficial ownership\" (as defined in Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended) of any Voting Stock (as defined below), any securities convertible into or exchangeable for Voting Stock, or any other right to acquire Voting Stock (except, in any case, by way of stock dividends or other distributions or offerings made available to holders of any Voting Stock generally) without the prior written consent of the Company, if the effect of such acquisition would be to increase the Voting Power of all Voting Stock then beneficially owned by the Investor or which it has a right to acquire (together with all Majority Owned Subsidiaries) to a percentage greater than nineteen and ninety-nine one hundredths percent (19.99%) (the \"Standstill Percentage\") of the Total Voting Power (as defined below) of the Company at the time in effect; provided that:\n(a) The Investor may acquire Voting Stock without regard to the foregoing limitation, and such limitation shall be suspended, but not terminated, if and for as long as (i) a tender or exchange offer is made and is not withdrawn or terminated by another person or group to purchase or exchange for cash or other consideration any Voting Stock that, if accepted or if otherwise successful, would result in such person or group beneficially owning or having the right to acquire shares of Voting Stock with aggregate Voting Power of more than nineteen and ninety-nine one hundredths percent (19.99%) of the Total Voting Power of the Company then in effect (not counting for these purposes any shares of Voting Stock of the Company originally acquired (where such Shares or shares exchanged with the Company in respect thereof, are still held) by such person or group from the Investor or any Majority Owned Subsidiary), and such offer is not withdrawn or terminated prior to the Investor making an offer to acquire Voting Stock or acquiring Voting Stock; provided, however, that the foregoing standstill limitation will be reinstated once any such tender or exchange offer is withdrawn or terminated, (ii) another person or group hereafter acquires Voting Stock with aggregate Voting Power of twenty percent (20%) or more of the Total Voting Power of the Company then in effect (not counting for these purposes any shares of Voting Stock of the Company originally acquired (where such Shares or shares exchanged with the Company in respect thereof, are still held) by such person or group from the Investor or any Majority Owned Subsidiary), where such person or group files a Schedule 13D (under the rules promulgated under Section 13(d) under the Securities and Exchange Act of 1934, as such rules and section are in effect on the date hereof), or other similar or successor schedule or form, indicating that such person's or group's holdings equal or exceed twenty percent (20%); provided, however, that the foregoing standstill limitation will be reinstated once the percentage of Total Voting Power beneficially owned by such other person or group falls below twenty percent (20%); (iii) another person or group hereafter acquires Voting Stock that results in such person or group being required to file a Schedule 13G, or other similar or successor schedule or form, indicating that such other person or group beneficially owns or has the right to acquire Voting Stock with aggregate Voting Power equal to or more than twenty percent (20%) of the Total Voting Power of the Company (not counting for these purposes any shares of Voting Stock of the Company originally acquired (where such Shares or shares exchanged with the Company in respect thereof, are still held) by such person or group from the Investor or any Majority Owned Subsidiary); provided, however, that the foregoing standstill limitation will be reinstated once the percentage of Total Voting Power beneficially owned by such other person or group falls below twenty percent (20%); or (iv) another person or group orally or in writing contacts the Company and advises the Company of such person's or group's intention to commence a tender or exchange offer that, if so commenced, would result in a suspension pursuant to clause (i) above (e.g., a \"bear hug\" offer) and such contact by such person or group is publicly disclosed or otherwise becomes publicly known; provided, further, that if such a bear hug offer is not publicly disclosed or known to the public then the Company shall notify Investor of such bear hug and from time to time of its ongoing status (which information Investor shall treat as confidential); provided, however, that the foregoing standstill limitation will be reinstated if such intention is withdrawn in writing or other reasonable evidence of such withdrawal is provided to the Investor. The Company shall notify the Investor in writing of the occurrence of any event described in clauses (i) through (iv) of the immediately preceding sentence as soon as practicable following the Company's becoming aware of any such event, and in any case, shall provide the Investor written notice of any such event within two (2) business days of the Company's being aware of the occurrence of any such event.\n(b) The Investor will not be obliged to dispose of any Voting Stock to the extent that the aggregate percentage of the Total Voting Power of the Company represented by Voting Stock beneficially owned by the Investor or which the Investor has a right to acquire is increased beyond the Standstill Percentage (i) as a result of a recapitalization of the Company or a repurchase or exchange of securities by the Company or any other action taken by the Company or its affiliates; (ii) as the result of acquisitions of Voting Stock made during the period when the Investor's \"standstill\" obligations are suspended pursuant to Section 8.1(a); (iii) as a result of an equity index transaction, provided that Investor shall not vote such shares; (iv) by way of stock dividends or other distributions or rights or offerings made available to holders of shares of Voting Stock generally; (v) with the consent of a simple majority of the independent authorized members of the Company's Board of Directors; or (vi) as part of a transaction on behalf of Investor's Defined Benefit Pension Plan, Profit Sharing Retirement Plan, 401(k) Savings Plan, Sheltered Employee Retirement Plan and Sheltered Employee Retirement Plan Plus, or any successor or additional retirement plans thereto (collectively, the \"Retirement Plans\") where the Company's shares in such Retirement Plans are voted by a trustee for the benefit of Investor employees or, for those Retirement Plans where Investor controls voting, where Investor agrees not to vote any shares of such Retirement Plan Voting Stock that would cause Investor to exceed the Standstill Percentage.\n(c) As used in this Section 8, (i) the term \"Voting Stock\" means the Common Stock and any other securities issued by the Company having the ordinary power to vote in the election of directors of the Company (other than securities having such power only upon the happening of a contingency that has not occurred), (ii) the term \"Voting Power\" of any Voting Stock means the number of votes such Voting Stock is entitled to cast for directors of the Company at any meeting of shareholders of the Company, and (ii) the term \"Total Voting Power\" means the total number of votes which may be cast in the election of directors of the Company at any meeting of shareholders of the Company if all Voting Stock was represented and voted to the fullest extent possible at such meeting, other than votes that may be cast only upon the happening of a contingency that has not occurred. For purposes of this Section 8, the Investor shall not be deemed to have beneficial ownership of any Voting Stock held by a pension plan or other employee benefit program of the Investor if the Investor does not have the power to control the investment decisions of such plan or program.", "hash": "885a0b2b6ba2b691fa083ec915048ee1", "id": 7}, {"samples": [{"hash": "gQBUHVhSeuG", "uri": "/contracts/gQBUHVhSeuG#standstill", "label": "Transfer Agreement (Excellon Resources Inc)", "score": 34.0485954285, "published": true}, {"hash": "2e56ssVNzcA", "uri": "/contracts/2e56ssVNzcA#standstill", "label": "Acquisition Agreement (Excellon Resources Inc)", "score": 32.0485954285, "published": true}], "snippet_links": [{"key": "the-investors", "type": "definition", "offset": [4, 17]}, {"key": "respective-affiliates", "type": "definition", "offset": [56, 77]}, {"key": "jointly-or-in-concert", "type": "definition", "offset": [126, 147]}, {"key": "any-other-person", "type": "definition", "offset": 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"definitive-agreement", "type": "definition", "offset": [3327, 3347]}], "size": 79, "snippet": "(a) The Investors shall not (and they shall cause their respective affiliates to not), in any manner, directly, indirectly or jointly or in concert with any other person, during the Restricted Period, without the prior consent of the Board, such consent being determined by a simple majority vote of the Board (excluding the vote of any Investor Nominee):\n(i) (A) commence a take-over bid for any securities of the Corporation; (B) effect, seek, offer or propose any take-over bid, amalgamation, merger, arrangement, business combination, re-organization, restructuring or liquidation with respect to the Corporation or any of its subsidiaries or disposition of more than a majority of the assets of the Corporation, or (C) purchase any Common Shares or Convertible Securities, except in connection with the acquisition of a person that holds Common Shares or Convertible Securities by the Investor or an affiliate of the Investor, where the Common Shares of Convertible Securities held by such person do not comprise a material portion of the assets of such person;\n(ii) enter into or propose, offer or agree to enter into or engage in any negotiations with respect to any:\n(A) acquisition, amalgamation, plan of arrangement, merger, tender offer or take-over bid, exchange offer or other business combination transaction relating to the Corporation or any of its affiliates or any part of their respective assets or businesses; or\n(B) any restructuring, recapitalization, liquidation or similar transaction involving the Corporation or any of its affiliates or any part of their respective assets or businesses;\n(iii) engage in short sales of any of the Equity Securities held by the Investor;\n(iv) solicit proxies from shareholders or form, join or participate in a group to so solicit, other than any solicitation of proxies voting in favour of the nominees of management of the Corporation for election to the Board;\n(v) present or request to present at any meeting of the securityholders of the Corporation or any of its affiliates or through action by written consent any proposal for consideration for action by securityholders, requisition a meeting of the securityholders of the Corporation or any of its affiliates, propose or request to propose any nominee for election to the Board or the board of directors of any of the Corporation\u2019s affiliates (other than pursuant to the nomination rights expressly set forth in this Agreement) or seek the removal of any member of the Board or the board of directors of any of the Corporation\u2019s affiliates;\n(vi) advise, assist or encourage any person (including forming a \u201cgroup\u201d with any such person) proposing any of the foregoing; or\n(vii) make any public announcement or take any action in furtherance of the foregoing, (each, a \u201cHostile Action\u201d).\n(b) The provisions of Section 5.3 shall cease to apply, and the Investors shall be permitted to take a Hostile Action, from and after: (i) the commencement or public announcement of a take-over bid, which if completed would result in the acquisition of more than 50% of the then outstanding voting securities of the Corporation by any person or group of persons; or (ii) the approval or entering into by the Corporation of, or the public announcement of the approval or entering into by the Corporation of, a transaction or definitive agreement providing for a transaction, which, if completed, would result in the acquisition by any person or group of persons of more than 50% of the then outstanding voting securities of the Corporation or more than a majority of the assets of the Corporation.", "hash": "a1000adb3d09e109d7bcb45b9623ebb7", "id": 10}, {"samples": [{"hash": "fB2u8wJeW9f", "uri": "/contracts/fB2u8wJeW9f#standstill", "label": "Nomination and Standstill Agreement (PW Partners Atlas Fund III, LP)", "score": 24.226556778, "published": 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Associates, owning, controlling or otherwise having any beneficial or other ownership interest in more than 5% in the aggregate of the shares of Common Stock outstanding at such time; provided, however, that the foregoing restriction shall not apply to (A) any transaction with a Third Party who already has a Schedule 13G on file with the SEC with respect to its ownership of Common Stock or any Third Party who represents to the PW Group/\u2587\u2587 \u2587\u2587\u2587\u2587 Group Shareholders in writing that as a result of the transaction it will file a Schedule 13G with respect to its ownership of Common Stock provided that, unless such Third Party is an Institutional Stockholder (e.g., Fidelity, Vanguard, Dimensional, etc.), such Third Party, together with its Affiliates and Associates, will not, after giving effect to such transaction, own, control or otherwise have beneficial ownership in more than 10% in the aggregate of the shares of Common Stock outstanding at such time, or (B) any transaction approved by written consent of a majority of the Board, excluding the Nominees and their Replacements;\n(v) effect or seek to effect (including, without limitation, by entering into any discussions, negotiations, agreements or understandings whether or not legally enforceable with any person), offer or propose to effect, cause or participate in, or in any way assist or facilitate any other person to effect or seek, offer or propose to effect or participate in, any tender or exchange offer, merger, consolidation, acquisition, scheme, arrangement, business combination, recapitalization, reorganization, sale or acquisition of material assets, liquidation, dissolution or other extraordinary transaction involving the Company or any of its subsidiaries or joint ventures or any of their respective securities (each, an \u201cExtraordinary Transaction\u201d), or make any public statement with respect to an Extraordinary Transaction; provided, however, that this clause shall not (A) preclude the tender by any PW Group Shareholders or \u2587\u2587 \u2587\u2587\u2587\u2587 Group Shareholders or an Affiliate or an Associate thereof of any securities of the Company into any tender or exchange offer, or vote by any PW Group Shareholders or \u2587\u2587 \u2587\u2587\u2587\u2587 Group Shareholders or an Affiliate or Associate thereof of any securities of the Company with respect to any Extraordinary Transaction, (B) prohibit any PW Group Shareholders or \u2587\u2587 \u2587\u2587\u2587\u2587 Group Shareholders or Affiliate or Associate thereof from offering to purchase securities or assets of the Company if the sale of such securities or assets is initiated by the Company through an open bidding process, or (C) prohibit any PW Group Shareholders or \u2587\u2587 \u2587\u2587\u2587\u2587 Group Shareholders or Affiliate or Associate thereof from offering to purchase the securities of the Company in the event the Company enters into negotiations with a Third Party regarding a proposal to be acquired by such Third Party, or a Third Party commences a hostile tender offer to acquire all or substantially all of the Common Stock of the Company; provided, that, in the case of (B) and (C) above, the PW Group Shareholders or, in the event that one or more of the Nominees or their Replacements are officers, directors or employees of, or Disclosing Nominees (as defined below) to, the \u2587\u2587 \u2587\u2587\u2587\u2587 Group Shareholders, the \u2587\u2587 \u2587\u2587\u2587\u2587 Group Shareholders, as applicable, shall have given written notice to the Company of its election to act as a potential bidder for the Company within 10 days of the Board\u2019s decision to initiate the sale process or negotiate the Third Party acquisition proposal or the public announcement of the commencement of the hostile tender offer, as applicable, and from after delivery of such notice and until such time as the PW Group Shareholders or, in the event that one or more of 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date on which the Investor ceases to have the right to designate a director to the Board pursuant to Section 5, and (iii) the date on which the Investor (including SK ecoplant and SPV) and its Subsidiaries beneficially own less than five percent (5.0%) of the shares of Common Stock then issued and outstanding, the Investor (including SK ecoplant and the SPV) and its Subsidiaries shall not do any of the following, except as approved, invited or waived by the Company or the Board, or as contemplated by this Agreement:\n(a) other than Permitted Purchases and purchases of Preemptive Right Shares, directly or indirectly, acquire beneficial ownership of Common Stock and/or Common Stock Equivalents and/or any instrument that gives the Investor the economic equivalent of ownership of an amount of securities of the Company (a \u201cDerivative\u201d), except, nothing in this Section 2.1(a) shall prevent or prohibit the Investor from investing in a fund with respect to which the Investor does not have or share decision-making authority over investment or divestment decisions;\n(b) make a tender, exchange or other public offer to acquire Common Stock and/or Common Stock Equivalents;\n(c) directly or indirectly, (i) seek to have called any meeting of the stockholders of the Company or propose any matter to be voted upon by the stockholders of the Company, or (ii) propose or nominate for election to the Board any person whose nomination has not been approved by a majority of the Board (excluding the Investor Designee, if any);\n(d) directly or indirectly, encourage, accept or support a tender, exchange or other offer or proposal by any other Person or group (an \u201cOfferor\u201d) for securities of the Company (if such offer or proposal would, if consummated, result in a Change of Control of the Company, such offer or proposal is referred to as an \u201cAcquisition Proposal\u201d);\n(e) directly or indirectly, solicit proxies or consents or propose or seek or become a participant in a solicitation (as such terms are defined in Regulation 14A under the Exchange Act), or seek to advise or influence any Person, with respect to voting of any securities of the Company;\n(f) deposit any securities of the Company in a voting trust or subject any securities of the Company to any arrangement or agreement with respect to the voting of such securities, including the granting of any proxy (other than pursuant to this Agreement);\n(g) propose (i) any merger, consolidation, business combination, tender or exchange offer, purchase of the Company\u2019s assets or businesses, purchase of any securities of the Company or any Derivative, or any similar transaction involving the Company or (ii) any recapitalization, restructuring, liquidation or other extraordinary transaction with respect to the Company, in each case without the prior written consent of the Board (a transaction described in clauses (i) and (ii) that would result in a Change of Control, is referred to as a \u201cBusiness Combination\u201d);\n(h) act in concert with any Third Party to take any action in clauses (a) through (g) above, or, directly or indirectly, form, join or in any way participate in a \u201cpartnership, limited partnership, syndicate, or other group\u201d as such terms are used in the rules of the SEC with respect to the Company or any securities of the Company;\n(i) request or propose to the Board or the Company (or any of its officers, directors, Affiliates employees, attorneys, accountants, financial advisors and other professional representatives), directly or indirectly, any amendment or waiver of any provision of this Section 2.1 (including this clause (i));\n(j) make any public announcement regarding, or take any action that could require the Company to make a public announcement regarding, a potential Business Combination or any of the matters set forth in clauses (a) through (i) above; or\n(k) enter into discussions, negotiations, arrangements or agreements with any Person relating to the foregoing actions referred to in (a) through (i) above; provided, however, that nothing contained in this Section 2.1 shall prevent, restrict, encumber, or limit in any manner: (A) the Investor or any of its Affiliates from making confidential, nonpublic proposals to the Board for a transaction involving a Business Combination following the public announcement by the Company after the Second Closing Date that it has entered into a definitive agreement with a Third Party for a transaction involving a Business Combination; (B) the Investor Designee from performing its duties as a member of the Board; or (C) the Investor or any of its Affiliates from exercising their respective rights, performing their respective obligations or otherwise consummating the transactions contemplated by this Agreement, the Purchase Agreement, Joint Venture Agreement, or the Preferred Distributor Agreement, in each case, in accordance with the terms hereof and thereof.", "hash": 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"representations-and-warranties", "type": "definition", "offset": [9455, 9485]}, {"key": "the-company-will", "type": "clause", "offset": [9510, 9526]}], "size": 93, "snippet": "(a) Until the earliest to occur of (A) the tenth anniversary of the purchase of the Senior Preferred Stock pursuant to the Preferred Stock Purchase Agreement, (B) the date on which the Apollo/Blackstone Shareholders own, collectively, Voting Securities which would represent (i) less than 10% of the Total Voting Power, excluding voting securities beneficially owned by the Shareholders other than the Apollo/Blackstone Shareholders and (ii) less than 10% of the Actual Voting Power, excluding voting securities beneficially owned by the Shareholders other than the Apollo/Blackstone Shareholders; provided that the Shareholders at such time are entitled to designate not more than one director pursuant to Article 3 hereof, and (C) termination under Section 2.2 (such period, the \"Standstill Period\") (provided that the Standstill Period shall end (x) with respect to the DLJ Shareholders, on the date on which the DLJ Shareholders no longer own any Conversion Shares, and (y) with respect to the Greenwich Street Shareholders, on the date on which the Greenwich Street Shareholders no longer own any any Conversion Shares), each Shareholder will not, and will cause each of its Affiliates (other than Exempt Affiliates) not to, directly or indirectly:\n(i) acquire, offer to acquire, or agree to acquire, by purchase or otherwise, any Voting Securities or voting rights or direct or indirect rights or options to acquire any Voting Securities of the Company or any of its Affiliates other than (A) an acquisition as a result of a stock split, stock dividend or similar recapitalization, (B) the acquisition of shares of Common Stock which are subject to the Exchange Agreement, (C) with the prior written consent of the chairman of the Board of Directors and the chief executive officer of the Company, acquisitions by the Apollo/Blackstone Shareholders of up to a collective aggregate amount of 3,000,000 shares (as such number may be appropriately adjusted to reflect stock splits, reverse stock splits, stock dividends or any other recapitalization of the Company and as reduced to reflect any such acquisitions pursuant to Section 2.1(a)(i)(C) of the Original Agreement) of Common Stock, (D) stock options or similar rights granted by the Company to an Affiliate of such Shareholder as compensation for performance as a director or officer of the Company or its subsidiaries (and any shares issuable upon exercise thereof), (E) transfers between such Shareholder and Related Transferees as permitted under Section 4.1(f) or (F) any rights which are granted to all shareholders of the Company (and any shares issuable upon exercise thereof); provided, however, that if the Shareholders or any of their Affiliates in good faith inadvertently acquire not more than 500,000 shares of Common Stock in violation of these provisions and within 15 days after the first date on which the Shareholders have actual knowledge (including by way of written notice given by the Company) that a violation has occurred Shareholders or any of their Affiliates shall have transferred any shares of Common Stock held in violation of these provisions to unrelated third parties so that the Shareholders and their Affiliates no longer beneficially own any such shares or have any agreement or understanding relating to such shares, this Section 2.1 shall be deemed to not have been violated; and provided, further, that no violation of this provision shall be deemed to have occurred by reason of the indirect acquisition of beneficial ownership of securities resulting from (x) investments in investment funds as to which no Shareholder or Affiliate thereof has control or power to control with respect to voting or investment decisions or (y) acquisitions of securities by a limited partner in any Shareholder or Affiliates thereof as to which limited partner no Shareholder or its Affiliates has control or power to control;\n(ii) make or cause to be made any proposal for a Reorganization Transaction except for Dispositions in accordance with Article 4;\n(iii) form, join or in any way participate in a Group with respect to any securities of the Company or its Affiliates, other than with other Shareholders or Affiliates of any Shareholder; provided, however, that in the case of securities other than Voting Securities, Shareholders may participate in a Group with respect thereto with the prior approval of a majority of the entire Board of Directors (which approval is requested in a manner which does not require disclosure publicly or to any third party);\n(iv) make, or in any way cause or participate in, any \"solicitation\" of \"proxies\" to vote (as those terms are defined in Regulation 14A under the Exchange Act) with respect to the Company or its Affiliates, or communicate with, seek to advise, encourage or influence any Person, in any manner, with respect to the voting of, securities of the Company or its Affiliates, or become a \"participant\" in any \"election contest\" (as those terms are defined or used in Rule 14a-11 under the Exchange Act) with respect to the Company or its Affiliates (other than non-public communications with other Shareholders or Affiliates of any Shareholder which would not require public disclosure by any Person or solicitation of proxies in support of the election of Shareholder Designees, Management Directors and Unaffiliated Directors nominated by the Board of Directors in accordance with Section 3.1 hereof in circumstances in which a third party is soliciting parties for the election of nominees not nominated by the Board of Directors);\n(v) initiate, propose or, except with the prior approval of a majority of the entire Board of Directors (which approval is requested in a manner which does not require disclosure publicly or to any third parties) otherwise solicit stockholders for the approval of one or more stockholder proposals with respect to the Company or its Affiliates or induce or attempt to induce any other Person to initiate any stockholder proposal or seek election to or seek to place a representative on the Board of Directors of the Company (except pursuant to Section 3.1 of this Agreement) or its Affiliates or seek the removal of any member of the Board of Directors of the Company or its Affiliates (for this purpose, the actions of the Shareholder Designees in communicating (without public disclosure or disclosure to third parties) with the Board of Directors in their capacity as directors of the Company, and non-public communication by a Shareholder with other Shareholders or Affiliates of any Shareholder which would not require public disclosure by any Person, shall not be deemed to be in contravention of this paragraph (v));\n(vi) in any manner, agree, attempt, seek or propose (other than making any request for permission with respect thereto which would not require disclosure publicly or to any third party) to deposit any securities of the Company or its Affiliates in any voting trust or similar arrangement or to subject any securities of the Company or its Affiliates to any other voting or proxy agreement, arrangement or understanding (other than any such agreements or understandings with other Shareholders or Affiliates of any Shareholder);\n(vii) offer, sell or transfer any Voting Securities or rights to receive Voting Securities except for Dispositions in accordance with Article 4;\n(viii) disclose any intention, plan or arrangement, or make any public announcement (or request permission to make any such announcement other than making any request for permission which would not require disclosure publicly or to any third party), or induce any other Person to take any action, inconsistent with the foregoing;\n(ix) enter into any negotiations, arrangements or understandings with any third party with respect to any of the foregoing;\n(x) advise, assist or encourage or finance (or assist or arrange financing to or for) any other Person in connection with any of the foregoing;\n(xi) otherwise act in concert with others, to seek to control or influence the management, Board of Directors or policies of the Company or its Affiliates (for this purpose, the actions of the Shareholder Designees in their capacity as directors of the Company shall not be deemed to be in contravention of this paragraph (xi)); or\n(xii) request a waiver of any of the provisions of any of paragraphs (i) through (xii) of this Section 2.1 (except any request which would not require disclosure publicly or to any third party); provided, that this Section 2.1 shall not restrict or inhibit the rights of a Shareholder to exercise its voting rights as a stockholder of the Company (subject to Section 3.2).\n(b) Affiliates of Shareholders who (i) are not Apollo/Blackstone Shareholders or their Affiliates, (ii) are not Related Transferees of any Shareholder, (iii) are not in possession of any material non-public Information provided to Shareholders by the Company, its subsidiaries or representatives pursuant to Section 3.4 hereof or otherwise, and (iv) do not have voting or dispositive power over any Conversion Shares (such affiliates being \"Exempt Affiliates\") shall not be subject to this Section 2.1.\n(c) The DLJ Shareholders represent and warrant to the Company that the DLJ Parent Entities are now, and at any time during the Standstill Period that they take actions that would be otherwise prohibited by Section 2.1(a) will be, Exempt Affiliates. Based upon the foregoing representations and warranties in this Section 2.1(c), the Company will consider the DLJ Parent Entities to be Exempt Affiliates.", "hash": "65c45c4a0605c6472168715a0b73e635", "id": 9}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNzdGFuZHN0aWxsIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["standstill", "Standstill"], ["", ""], ["notices", "Notices"], ["termination", "Termination"], ["governing-law", "Governing Law"]], "title": "Standstill", "size": 6170, "parents": [["covenants", "Covenants"], ["miscellaneous", "Miscellaneous"], ["additional-agreements", "Additional Agreements"], ["standstill", "Standstill"], ["general-provisions", "General Provisions"]], "id": "standstill", "related": [["standstill-provisions", "Standstill Provisions", "<strong>Standstill</strong> Provisions"], ["standstill-agreement", "Standstill Agreement", "<strong>Standstill</strong> Agreement"], ["third-party-standstill-agreements", "Third Party Standstill Agreements", "Third Party <strong>Standstill</strong> Agreements"], ["lock-ups", "Lock-Ups", "Lock-Ups"], ["market-stand-off-agreement", "Market Stand-Off Agreement", "Market Stand-Off Agreement"]], "related_snippets": [], "updated": "2026-05-29T05:44:52+00:00", "also_ask": ["What are the most effective carve-outs to negotiate in a standstill clause?", "Which drafting elements are essential to ensure enforceability of a standstill provision?", "What are the primary risks if the standstill period is too short or too long?", "How do standstill clauses differ in public versus private M&A deals?", "What factors do courts consider when determining if a standstill clause is enforceable?"], "drafting_tip": "Specify the duration and scope of the standstill to prevent uncertainty; identify prohibited actions to ensure enforceability; outline exceptions to avoid unintended restrictions.", "explanation": "A Standstill clause temporarily restricts one or both parties from taking certain actions, such as pursuing alternative transactions or making public offers, during a specified period. Typically, this clause is used in mergers and acquisitions or investment negotiations to prevent parties from soliciting or negotiating with other potential partners while discussions are ongoing. Its core function is to create a stable environment for negotiations by reducing the risk of interference or competitive bidding, thereby protecting the interests of the parties involved."}, "json": true, "cursor": ""}}