Teaser Clause Samples
A Teaser clause serves as a brief summary or introduction to a transaction, proposal, or agreement, highlighting its key features and terms. Typically, it provides essential information such as the nature of the deal, the parties involved, and the main financial or commercial terms, often used in the context of mergers and acquisitions or investment opportunities. The core function of a Teaser clause is to quickly inform and attract potential parties' interest, enabling them to decide whether to pursue further discussions or request more detailed information.
Teaser. On or before the date hereof, Borrowers shall cause the Investment Banker to begin contacting prospective purchasers, negotiating confidentiality agreements and distributing a teaser memorandum prepared by Investment Banker, which shall be in form and substance acceptable to Lender, to prospective purchasers who have executed and delivered confidentiality agreements in form and substance acceptable to Lender.
Teaser. Within three (3) days of the Sale Trigger Date, Borrowers shall cause the Investment Banker to distribute the teaser memorandum prepared in accordance with Section 5(g) of this Amendment to prospective purchasers who have executed and delivered confidentiality agreements in form and substance acceptable to Lender.