{"component": "clause", "props": {"groups": [{"snippet": "(a) Provided that this Agreement shall not have been terminated in accordance with Section 8.1 and none of the events or conditions set forth in Article 6 shall have occurred and be existing (unless waived as provided in Article 6), as promptly as practicable after the date hereof (but in no event later than the twentieth business day after the public announcement of this Agreement), Acquisition shall commence (within the meaning of Rule 14d-2 under the Securities Exchange Act of 1934, as amended (the \"Exchange Act\"), the Offer. The Offer will be made pursuant to the Offer Documents (as defined below) containing the terms and conditions set forth in this Agreement. Acquisition shall accept for payment, purchase and pay for all Shares, Convertible Preferred Stock and Warrants which have been validly tendered and not withdrawn pursuant to the Offer at the earliest time following expiration of the Offer that all conditions to the Offer set forth in Article 6 shall have been satisfied or waived by Acquisition. The obligation of Acquisition to accept for payment, purchase and pay for Shares, Convertible Preferred Stock and Warrants tendered pursuant to the Offer shall be subject only to the condition that at least a majority of the then issued and outstanding Shares (giving effect to the conversion of all outstanding shares of Convertible Preferred Stock and the exercise of all then outstanding Warrants) be validly tendered (the \"Minimum Condition\") and the satisfaction of the other conditions set forth in Article 6. Acquisition expressly reserves the right to waive any such condition (other than the Minimum Condition), to increase the price per Share payable in the Offer or to make any other changes in the terms and conditions of the Offer (provided that, unless previously approved by the Company in writing, no change may be made which decreases the Per Share Amount, which reduces the number of Shares to be purchased in the Offer, which changes the form of consideration to be paid in the Offer, which imposes conditions to the Offer in addition to those set forth in Article 6 or which amends or changes any term or condition of the Offer in a manner adverse to the holders of Shares). In the case of shares of Convertible Preferred Stock tendered pursuant to the Offer, Acquisition shall pay the Per Share Amount multiplied by the number of Shares into which such Shares of Convertible Preferred Stock are then convertible. In the case of Warrants tendered pursuant to the Offer, Acquisition shall purchase such Warrants for a purchase price equal to the difference between the exercise price thereof and the Per Share Amount, multiplied by the number of Shares for which such Warrants are then exercisable. The Per Share Amount shall be paid net to each seller in cash, less any required withholding of taxes, upon the terms and subject to the conditions of the Offer. The Company agrees that no Shares held by the Company or any of its subsidiaries will be tendered in the Offer.\n(b) Subject to the terms and conditions thereof, the Offer shall expire at midnight, New York City time, on January 3, 2001 (the \"Initial Expiration Date\"); provided, however, without the consent of the Board, Parent may cause Acquisition to (i) from time to time extend the Offer, if at the Initial Expiration Date of the Offer, any of the conditions to the Offer necessary to consummate the Offer have not been satisfied or waived (other than the Minimum Condition, to which this clause (i) does not apply), until such time as such conditions are satisfied or waived; (ii) extend the Offer for any period required by any applicable rule, regulation, interpretation or position of the Securities and Exchange Commission (the \"SEC\") or the staff thereof; (iii) if the Minimum Condition is not satisfied, extend the Offer; provided that all extensions pursuant to clauses (i) through (iii) hereof shall not exceed twenty (20) business days, and (iv) if the Minimum Condition is satisfied but the number of Shares validly tendered and not withdrawn represents less than ninety percent (90%) of the then outstanding Shares (giving effect to the conversion of all then outstanding shares of Convertible Preferred Stock and the exercise of all then outstanding Warrants), after consummation of the Offer and payment for all validly tendered shares, commence one subsequent offer for the Shares provided that Acquisition shall meet the requirements of Rule 14d-11 under the Exchange Act in connection with such subsequent offer; provided however, that in no event shall any such subsequent offer period exceed twenty (20) business days. In addition, Parent and Acquisition agree that Acquisition shall from time to time extend the Offer if requested by the Company, if, at the Initial Expiration Date (or any extended expiration date of the Offer, if applicable), any of the conditions to the Offer including the Minimum Condition shall not have been waived or satisfied, until (taking into account all such extensions) February 28, 2001, provided, however, that if the Minimum Condition is the only condition to the Offer not then satisfied, Acquisition shall not be required to extend the Offer for more than twenty (20) business days.\n(c) As soon as practicable after the date of commencement of the Offer, Acquisition shall file with the SEC a Tender Offer Statement on Schedule TO with respect to the Offer, which shall include an offer to purchase and form of transmittal letter (together with any amendments thereof or supplements thereto, collectively the \"Offer Documents\"). The Offer Documents shall comply in all material respects with the provisions of applicable federal securities laws and the rules and regulations of the SEC. Parent, Acquisition and the Company each agrees promptly to correct any information provided by it for use in the Offer Documents if and to the extent that such information shall have become false or misleading in any material respect, and Acquisition further agrees to take all steps necessary to cause the Offer Documents as so corrected to be promptly filed with the SEC and to be disseminated to holders of Shares, in each case as and to the extent required by applicable federal securities laws and the rules and regulations of the SEC. The Company and its counsel shall be given a reasonable opportunity to review and comment on the Offer Documents prior to their being filed with the SEC. Parent and Acquisition agree to provide to the Company and its counsel any comments or other communications which Parent, Acquisition or their counsel receives from the staff of the SEC with respect to the Offer Documents promptly after receipt thereof.", "snippet_links": [{"key": "provided-that", "type": "clause", "offset": [4, 17]}, {"key": "in-accordance-with", "type": "clause", "offset": [64, 82]}, {"key": "section-81", "type": "clause", "offset": [83, 94]}, {"key": "events-or-conditions", "type": "clause", "offset": [111, 131]}, {"key": "article-6", "type": "clause", "offset": [145, 154]}, {"key": "date-hereof", "type": "clause", "offset": [270, 281]}, {"key": "public-announcement", "type": "clause", "offset": [347, 366]}, {"key": "meaning-of", "type": "definition", "offset": [426, 436]}, {"key": "securities-exchange-act-of-1934", "type": "definition", "offset": [458, 489]}, {"key": "as-amended", "type": "definition", "offset": [491, 501]}, {"key": "the-offer-documents", "type": "clause", "offset": [570, 589]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [620, 644]}, {"key": "in-this-agreement", "type": "clause", "offset": [655, 672]}, {"key": "for-payment", "type": "clause", "offset": [699, 710]}, {"key": "pay-for", "type": "definition", "offset": [725, 732]}, {"key": "all-shares", "type": "clause", "offset": [733, 743]}, {"key": "preferred-stock-and-warrants", "type": "clause", "offset": [757, 785]}, {"key": "expiration-of-the-offer", "type": "clause", "offset": [890, 913]}, {"key": "conditions-to-the-offer", "type": "clause", "offset": [923, 946]}, {"key": "the-obligation", "type": "clause", "offset": [1022, 1036]}, {"key": "subject-only", "type": "definition", "offset": [1185, 1197]}, {"key": "a-majority", "type": "clause", "offset": [1229, 1239]}, {"key": "issued-and-outstanding-shares", "type": "clause", "offset": [1252, 1281]}, {"key": "conversion-of", "type": "clause", "offset": [1304, 1317]}, {"key": "shares-of", "type": "clause", "offset": [1334, 1343]}, {"key": "exercise-of", "type": "clause", "offset": [1380, 1391]}, {"key": "outstanding-warrants", "type": "clause", "offset": [1401, 1421]}, {"key": "minimum-condition", "type": "clause", "offset": [1449, 1466]}, {"key": "satisfaction-of", "type": "clause", "offset": [1477, 1492]}, {"key": "other-conditions", "type": "clause", "offset": [1497, 1513]}, {"key": "to-waive-any", "type": "clause", "offset": [1579, 1591]}, {"key": "price-per-share", "type": "clause", "offset": [1659, 1674]}, {"key": "changes-in", "type": "clause", "offset": [1717, 1727]}, {"key": "terms-and-conditions-of-the-offer", "type": "clause", "offset": [1732, 1765]}, {"key": "in-writing", "type": "clause", "offset": [1824, 1834]}, {"key": "no-change", "type": "definition", "offset": [1836, 1845]}, {"key": "per-share-amount", "type": "clause", "offset": [1878, 1894]}, {"key": "number-of-shares-to-be-purchased", "type": "clause", "offset": [1914, 1946]}, {"key": "consideration-to-be-paid", "type": "clause", "offset": [1987, 2011]}, {"key": "in-addition-to", "type": "clause", "offset": [2064, 2078]}, {"key": "condition-of-the", "type": "clause", "offset": [2147, 2163]}, {"key": "holders-of-shares", "type": "clause", "offset": [2197, 2214]}, {"key": "in-the-case", "type": "clause", "offset": [2217, 2228]}, {"key": "purchase-price", "type": "definition", "offset": [2559, 2573]}, {"key": "equal-to", "type": "definition", "offset": [2574, 2582]}, {"key": "the-exercise-price", "type": "definition", "offset": [2606, 2624]}, {"key": "each-seller", "type": "definition", "offset": [2782, 2793]}, {"key": "withholding-of-taxes", "type": "definition", "offset": [2821, 2841]}, {"key": "the-conditions", "type": "clause", "offset": [2873, 2887]}, {"key": "the-company-agrees", "type": "clause", "offset": [2902, 2920]}, {"key": "subject-to-the-terms", "type": "clause", "offset": [3018, 3038]}, {"key": "new-york-city-time", "type": "clause", "offset": [3099, 3117]}, {"key": "initial-expiration-date", "type": "definition", "offset": [3144, 3167]}, {"key": "the-board", "type": "clause", "offset": [3213, 3222]}, {"key": "from-time-to-time", "type": "clause", "offset": [3260, 3277]}, {"key": "this-clause", "type": "clause", "offset": [3491, 3502]}, {"key": "required-by", "type": "definition", "offset": [3621, 3632]}, {"key": "applicable-rule", "type": "definition", "offset": [3637, 3652]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [3696, 3734]}, {"key": "pursuant-to-clauses", "type": "clause", "offset": [3865, 3884]}, {"key": "business-days", "type": "clause", "offset": [3939, 3952]}, {"key": "consummation-of-the-offer", "type": "definition", "offset": [4287, 4312]}, {"key": "payment-for-all", "type": "clause", "offset": [4317, 4332]}, {"key": "tendered-shares", "type": "definition", "offset": [4341, 4356]}, {"key": "offer-for-the-shares", "type": "clause", "offset": [4382, 4402]}, {"key": "the-requirements", "type": "clause", "offset": [4440, 4456]}, {"key": "the-exchange-act", "type": "definition", "offset": [4478, 4494]}, {"key": "in-connection-with", "type": "clause", "offset": [4495, 4513]}, {"key": "provided-however", "type": "clause", "offset": [4537, 4553]}, {"key": "in-no-event-shall", "type": "clause", "offset": [4560, 4577]}, {"key": "subsequent-offer-period", "type": "definition", "offset": [4587, 4610]}, {"key": "parent-and-acquisition", "type": "clause", "offset": [4658, 4680]}, {"key": "requested-by", "type": "definition", "offset": [4748, 4760]}, {"key": "extended-expiration-date", "type": "definition", "offset": [4817, 4841]}, {"key": "if-applicable", "type": "definition", "offset": [4856, 4869]}, {"key": "february-28", "type": "definition", "offset": [5028, 5039]}, {"key": "to-extend", "type": "clause", "offset": [5185, 5194]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [5250, 5272]}, {"key": "commencement-of-the-offer", "type": "clause", "offset": [5291, 5316]}, {"key": "tender-offer-statement", "type": "clause", "offset": [5356, 5378]}, {"key": "schedule-to", "type": "clause", "offset": [5382, 5393]}, {"key": "with-respect-to", "type": "clause", "offset": [5394, 5409]}, {"key": "offer-to-purchase", "type": "clause", "offset": [5444, 5461]}, {"key": "transmittal-letter", "type": "definition", "offset": [5474, 5492]}, {"key": "in-all-material-respects", "type": "definition", "offset": [5625, 5649]}, {"key": "the-provisions-of", "type": "clause", "offset": [5655, 5672]}, {"key": "applicable-federal-securities-laws", "type": "definition", "offset": [5673, 5707]}, {"key": "rules-and-regulations", "type": "clause", "offset": [5716, 5737]}, {"key": "and-the-company", "type": "clause", "offset": [5770, 5785]}, {"key": "information-provided-by", "type": "clause", "offset": [5822, 5845]}, {"key": "to-the-extent", "type": "clause", "offset": [5887, 5900]}, {"key": "such-information", "type": "definition", "offset": [5906, 5922]}, {"key": "false-or-misleading", "type": "definition", "offset": [5941, 5960]}, {"key": "agrees-to", "type": "clause", "offset": [6010, 6019]}, {"key": "to-holders", "type": "clause", "offset": [6147, 6157]}, {"key": "each-case", "type": "definition", "offset": [6172, 6181]}, {"key": "review-and-comment", "type": "clause", "offset": [6363, 6381]}, {"key": "prior-to", "type": "clause", "offset": [6405, 6413]}, {"key": "to-the-company", "type": "definition", "offset": [6486, 6500]}, {"key": "other-communications", "type": "clause", "offset": [6533, 6553]}], "size": 546, "samples": [{"hash": "vTxfuHU8Gu", "uri": "/contracts/vTxfuHU8Gu#the-offer", "label": "Merger Agreement (Ac Acquisition Subsidiary Inc)", "score": 18.0, "published": true}, {"hash": "fskjiQtIL0O", "uri": "/contracts/fskjiQtIL0O#the-offer", "label": "Merger Agreement (Ac Acquisition Subsidiary Inc)", "score": 18.0, "published": true}, {"hash": "5so1gPCJ6n7", "uri": "/contracts/5so1gPCJ6n7#the-offer", "label": "Merger Agreement (Chesapeake Biological Laboratories Inc)", "score": 18.0, "published": true}], "hash": "6dea6ff80a7b39eb1caef5c985026e3d", "id": 1}, {"snippet": "(a) Subject to this Agreement not having theretofore been terminated in accordance with the provisions of Section 8.1 hereof, Sub shall, and Parent shall cause Sub to, as promptly as practicable after, but in no event later than five business days from, the date of this Agreement, commence an offer to purchase for cash (as it may be amended in accordance with the terms of this Agreement, the \"Offer\") all shares of common stock, par value $0.25 per share (the \"Company Common Stock\"), of the Company outstanding immediately prior to the consummation of the Offer (the \"Shares\"), subject only to the conditions set forth in Exhibit A hereto (the \"Conditions\"), at a price of $19.50 (the \"Offer Price\") per Share, net to the seller in cash. Subject only to the Conditions, Sub shall, and Parent shall cause Sub to, accept for payment and pay for all Shares validly tendered pursuant to the Offer and not withdrawn prior to the expiration date of the Offer as promptly as practicable following the expiration date of the Offer. Sub expressly reserves the right to amend the terms and conditions of the Offer, PROVIDED that without the consent of the Company, no amendment may be made which (i) decreases the price per Share or changes the form of consideration payable in the Offer, (ii) decreases the number of Shares sought, or (iii) changes any of the Conditions or imposes additional conditions to the Offer or amends any other term of the Offer in either case in any manner adverse to the holders of Shares (it being understood that extensions of the Offer as contemplated by this Section 1.1(a) are not adverse to the holders of Shares); and PROVIDED, FURTHER, that the Minimum Condition (as defined in Exhibit A hereto) is for the benefit of the Company and may not be waived without the Company's consent. The Offer may only be extended with the prior written consent of the Company or as required by law; PROVIDED, HOWEVER, Parent and Sub may extend the Offer without the consent of the Company (A) if at the scheduled expiration date of the Offer any of the Conditions shall not have been satisfied or waived or (B) for any period required by any Laws (as hereinafter defined) applicable to the Offer and PROVIDED, FURTHER, that if the Conditions are not satisfied or, to the extent permitted by this Agreement, waived as of any scheduled expiration date, Parent and Sub shall extend the Offer from time to time for up to five (5) business days at a time (or such longer period as shall be approved by the Company) until the earlier of the consummation of the Offer or sixty (60) calendar days after the date hereof, provided that such extension shall not be required if in the reasonable judgment of Parent or Sub, any Condition is incapable of being satisfied prior to the expiration of the sixty (60) calendar days. Upon the terms hereof and subject to the Conditions, Sub will accept for payment and purchase all Shares validly tendered and not withdrawn prior to the expiration of the Offer.\n(b) The Company will not, nor will it permit any of its Subsidiaries (as defined below) to, tender into the Offer any Shares beneficially owned by it. For purposes of this Agreement, \"Subsidiary\" means, as to any Person (as defined below), any corporation, limited liability company, partnership or joint venture, whether now existing or hereafter organized or acquired: (i) in the case of a corporation, of which at least a majority of the outstanding shares of stock having by the terms thereof ordinary voting power to elect a majority of the board of directors of such corporation (other than stock having such voting power solely by reason of the happening of any contingency) is at the time directly or indirectly owned or controlled by such Person and/or one or more of its Subsidiaries or (ii) in the case of a limited liability company, partnership or joint venture, in which such Person or Subsidiary of such Person is a managing member, general partner or joint venturer or of which a majority of the partnership or other ownership interests are at the time owned by such Person and/or one or more of its Subsidiaries. For purposes of this Agreement, \"Person\" means any individual, corporation, company, voluntary association, limited liability company, partnership, joint venture, trust, unincorporated organization or other entity.", "snippet_links": [{"key": "to-this-agreement", "type": "clause", "offset": [12, 29]}, {"key": "in-accordance-with", "type": "clause", "offset": [69, 87]}, {"key": "section-81", "type": "clause", "offset": [106, 117]}, {"key": "in-no-event", "type": "clause", "offset": [206, 217]}, {"key": "business-days", "type": "clause", "offset": [234, 247]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [258, 280]}, {"key": "offer-to-purchase", "type": "clause", "offset": [294, 311]}, {"key": "for-cash", "type": "definition", "offset": [312, 320]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [366, 389]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [408, 430]}, {"key": "par-value", "type": "definition", "offset": [432, 441]}, {"key": "company-common-stock", "type": "definition", "offset": [464, 484]}, {"key": "prior-to-the", "type": "clause", "offset": [527, 539]}, {"key": "consummation-of-the-offer", "type": "definition", "offset": [540, 565]}, {"key": "subject-only", "type": "definition", "offset": [582, 594]}, {"key": "the-conditions", "type": "clause", "offset": [598, 612]}, {"key": "exhibit-a", "type": "definition", "offset": [626, 635]}, {"key": "offer-price", "type": "clause", "offset": [690, 701]}, {"key": "to-the-seller", "type": "definition", "offset": [719, 732]}, {"key": "for-payment", "type": "clause", "offset": [823, 834]}, {"key": "pay-for", "type": "definition", "offset": [839, 846]}, {"key": "pursuant-to-the", "type": "definition", "offset": [875, 890]}, {"key": "following-the", "type": "definition", "offset": [984, 997]}, {"key": "the-right-to-amend", "type": "clause", "offset": [1051, 1069]}, {"key": "terms-and-conditions-of-the-offer", "type": "clause", "offset": [1074, 1107]}, {"key": "provided-that", "type": "clause", "offset": [1109, 1122]}, {"key": "consent-of-the-company", "type": "clause", "offset": [1135, 1157]}, {"key": "no-amendment", "type": "definition", "offset": [1159, 1171]}, {"key": "price-per-share", "type": "clause", "offset": [1208, 1223]}, {"key": "consideration-payable", "type": "definition", "offset": [1247, 1268]}, {"key": "number-of-shares", "type": "definition", "offset": [1302, 1318]}, {"key": "conditions-to-the-offer", "type": "clause", "offset": [1388, 1411]}, {"key": "term-of-the", "type": "clause", "offset": [1432, 1443]}, {"key": "holders-of-shares", "type": "clause", "offset": [1494, 1511]}, {"key": "extensions-of-the-offer", "type": "clause", "offset": [1538, 1561]}, {"key": "minimum-condition", "type": "clause", "offset": [1676, 1693]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [1730, 1748]}, {"key": "prior-written-consent", "type": "clause", "offset": [1854, 1875]}, {"key": "as-required-by-law", "type": "clause", "offset": [1894, 1912]}, {"key": "parent-and-sub", "type": "clause", "offset": [1933, 1947]}, {"key": "scheduled-expiration-date", "type": "definition", "offset": [2018, 2043]}, {"key": "applicable-to", "type": "definition", "offset": [2187, 2200]}, {"key": "to-the-extent", "type": "clause", "offset": [2279, 2292]}, {"key": "by-this-agreement", "type": "clause", "offset": [2303, 2320]}, {"key": "from-time-to-time", "type": "clause", "offset": [2404, 2421]}, {"key": "by-the-company", "type": "clause", "offset": [2509, 2523]}, {"key": "days-after", "type": "definition", "offset": [2599, 2609]}, {"key": "date-hereof", "type": "clause", "offset": [2614, 2625]}, {"key": "subject-to-the", "type": "clause", "offset": [2855, 2869]}, {"key": "expiration-of-the-offer", "type": "clause", "offset": [2982, 3005]}, {"key": "the-company-will", "type": "clause", "offset": [3011, 3027]}, {"key": "owned-by", "type": "definition", "offset": [3145, 3153]}, {"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [3158, 3188]}, {"key": "any-person", "type": "definition", "offset": [3216, 3226]}, {"key": "limited-liability-company", "type": "definition", "offset": [3264, 3289]}, {"key": "partnership-or-joint-venture", "type": "clause", "offset": [3291, 3319]}, {"key": "in-the-case", "type": "clause", "offset": [3382, 3393]}, {"key": "a-corporation", "type": "clause", "offset": [3397, 3410]}, {"key": "a-majority", "type": "clause", "offset": [3430, 3440]}, {"key": "shares-of-stock", "type": "clause", "offset": [3460, 3475]}, {"key": "ordinary-voting-power", "type": "definition", "offset": [3504, 3525]}, {"key": "the-board-of-directors", "type": "definition", "offset": [3549, 3571]}, {"key": "at-the-time", "type": "definition", "offset": [3692, 3703]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [3704, 3726]}, {"key": "owned-or-controlled", "type": "definition", "offset": [3727, 3746]}, {"key": "a-limited", "type": "clause", "offset": [3824, 3833]}, {"key": "subsidiary-of", "type": "definition", "offset": [3907, 3920]}, {"key": "managing-member", "type": "clause", "offset": [3938, 3953]}, {"key": "general-partner", "type": "definition", "offset": [3955, 3970]}, {"key": "joint-venturer", "type": "definition", "offset": [3974, 3988]}, {"key": "the-partnership", "type": "definition", "offset": [4015, 4030]}, {"key": "other-ownership-interests", "type": "clause", "offset": [4034, 4059]}, {"key": "other-entity", "type": "definition", "offset": [4338, 4350]}], "size": 524, "samples": [{"hash": "l2wBrQNwRJg", "uri": "/contracts/l2wBrQNwRJg#the-offer", "label": "Merger Agreement (Nortek Inc)", "score": 18.0, "published": true}, {"hash": "k93PqzlpbnZ", "uri": "/contracts/k93PqzlpbnZ#the-offer", "label": "Merger Agreement (Nortek Inc)", "score": 18.0, "published": true}, {"hash": "3rkCfCQfFl4", "uri": "/contracts/3rkCfCQfFl4#the-offer", "label": "Merger Agreement (Ply Gem Industries Inc)", "score": 18.0, "published": true}], "hash": "f0d85a934259ae6a7ff4b185778571c5", "id": 2}, {"snippet": "(a) Merger Sub shall not, and Parent shall cause Merger Sub not to, commence, within the meaning of Rule 14d-2 promulgated under the Exchange Act, the Offer prior to April 14, 2015. As promptly as reasonably practicable on or after such date (and, in any event, within five (5) Business Days after such date), Merger Sub shall, and Parent shall cause Merger Sub to, commence, within the meaning of Rule 14d-2 promulgated under the Exchange Act, the Offer. The obligations of Merger Sub to, and of Parent to cause Merger Sub to, accept for payment, and pay for, any shares of Company Common Stock tendered pursuant to the Offer are subject to the conditions set forth in Annex I (the \u201cOffer Conditions\u201d). The Offer shall initially expire at 11:59 p.m. (New York City time) on the date twenty (20) Business Days following the commencement of the Offer (determined using Rule 14d-1(g)(3) promulgated under the Exchange Act). Merger Sub expressly reserves the right to waive, in whole or in part, any Offer Condition or modify the terms of the Offer; provided, however, that, without the consent of the Company, Merger Sub shall not, and Parent shall not permit Merger Sub to, (i) reduce the number of shares of Company Common Stock subject to the Offer, (ii) reduce the Offer Price, (iii) amend, modify or waive the Minimum Tender Condition, (iv) add to the Offer Conditions or amend, modify or supplement any Offer Condition in any manner adverse to any holder of Company Common Stock, (v) except as required or permitted in this Section 1.1(a), terminate, extend or otherwise amend or modify the expiration date of the Offer, (vi) change the form of consideration payable in the Offer, (vii) otherwise amend, modify or supplement any of the terms of the Offer in any manner adverse to any holder of Company Common Stock or (viii) provide any \u201csubsequent offering period\u201d within the meaning of Rule 14d-11 promulgated under the Exchange Act. Subject to the provisions of Article VII, (i) if at any scheduled expiration date of the Offer any Offer Condition shall not have been satisfied or waived (to the extent permitted under applicable Law and this Agreement), Merger Sub may, in its sole discretion, without the consent of the Company, extend the Offer on one or more occasions, in consecutive increments of up to five (5) Business Days each (the length of such period to be determined by Parent or Merger Sub), or for any such period longer than five (5) Business Days as the parties hereto may agree, until the earlier of (A) the termination of this Agreement in accordance with its terms and (B) October 30, 2015 (the \u201cEnd Date\u201d); (ii) if at any scheduled expiration date of the Offer any Offer Condition shall not have been satisfied or waived (to the extent permitted under applicable Law and this Agreement), at the request of the Company, Merger Sub shall (and Parent shall cause Merger Sub to) extend the Offer, on one or more occasions, in consecutive increments of up to five (5) Business Days each (the length of such period to be determined by Parent or Merger Sub), or for any such period longer than five (5) Business Days as the parties hereto may agree, until the earlier of (A) the termination of this Agreement in accordance with its terms and (B) the End Date; and (iii) Merger Sub shall extend the Offer for the minimum period required by applicable Law or the applicable rules, regulations interpretations or positions of the SEC or its staff or the New York Stock Exchange; provided, however, that, notwithstanding any other provision of this Agreement to the contrary, in no event shall Merger Sub be required to extend the Offer (x) beyond the End Date or (y) at any time that Parent or Merger Sub is entitled to terminate this Agreement. Upon the terms and subject to the conditions of the Offer and this Agreement, Merger Sub shall, and Parent shall cause Merger Sub to, accept for payment, and pay for, all shares of Company Common Stock that Merger Sub becomes obligated to purchase pursuant to the Offer promptly after the expiration of the Offer. Payment of shares of Company Common Stock by Merger Sub pursuant to and subject to the conditions of the Offer is referred to in this Agreement as the \u201cOffer Closing,\u201d and the date on which the Offer Closing occurs is referred to in this Agreement as the \u201cOffer Closing Date.\u201d The Offer may not be terminated prior to its expiration date (as such expiration date may be extended and re-extended in accordance with this Section 1.1(a)), unless this Agreement is validly terminated in accordance with Section 7.1. In the event that this Agreement is terminated pursuant to Article VII, Merger Sub shall promptly (and, in any event, within twenty-four (24) hours of such termination), irrevocably and unconditionally terminate the Offer. The termination of the Offer pursuant to the immediately preceding sentence is referred to this Agreement as the \u201cOffer Termination,\u201d and the date on which the Offer Termination occurs is referred to in this Agreement as the \u201cOffer Termination Date.\u201d If the Offer is terminated or withdrawn by Merger Sub, or this Agreement is validly terminated in accordance with Article VII, Merger Sub shall promptly return, and shall cause any depository acting on behalf of Merger Sub to return, all tendered shares of Company Common Stock to the registered holders thereof.\n(b) On the date of commencement of the Offer, Parent and Merger Sub shall file with the SEC, in accordance with Rule 14d-3 promulgated under the Exchange Act, a Tender Offer Statement on Schedule TO with respect to the Offer (together with all amendments, supplements and exhibits thereto, the \u201cSchedule TO\u201d), which shall include, as exhibits, an offer to purchase and a related letter of transmittal, a summary advertisement and other ancillary Offer documents pursuant to which the Offer will be made (such Schedule TO and the documents attached as exhibits thereto, together with any amendments or supplements thereto, the \u201cOffer Documents\u201d). The Company shall promptly furnish to Parent and Merger Sub all information concerning the Company that is required by the Exchange Act to be set forth in the Offer Documents. Each of Parent, Merger Sub and the Company shall promptly correct any information provided by it for use in the Offer Documents if and to the extent that such information shall have become false or misleading in any material respect, and each of Parent and Merger Sub shall take all steps necessary to amend or supplement the Offer Documents and to cause the Offer Documents, as so amended or supplemented, to be filed with the SEC and disseminated to the Company\u2019s stockholders, in each case as and to the extent required by applicable federal securities Laws. Parent and Merger Sub shall promptly notify the Company upon the receipt of any comments from the SEC (or the staff of the SEC) or any request from the SEC (or the staff of the SEC) for amendments or supplements to the Offer Documents, and shall provide the Company with copies of all correspondence between Parent, Merger Sub and their respective Representatives, on the one hand, and the SEC (or the staff of the SEC), on the other hand. Parent and Merger Sub shall use their respective reasonable best efforts to respond as promptly as reasonably practicable to any comments of the SEC (or the staff of the SEC) with respect to the Offer Documents. Prior to the filing of the Offer Documents (or any amendment or supplement thereto) or the dissemination thereof to the stockholders of the Company, or responding to any comments of the SEC (or the staff of the SEC) with respect thereto, Parent and Merger Sub shall provide the Company a reasonable opportunity to review and to propose comments on such document or response.\n(c) Parent shall provide, or cause to be provided, to Merger Sub on a timely basis the funds necessary to purchase any shares of Company Common Stock that Merger Sub becomes obligated to purchase pursuant to the Offer and, if Parent and Merger Sub have received the prior consent of the Company, any \u201csubsequent offering period\u201d in accordance with Rule 14d-11 under the Exchange Act. The Company agrees that it shall not, and shall cause its affiliates not to, tender to Merger Sub pursuant to the Offer any shares of Company Common Stock held by the Company or any of its subsidiaries.", "snippet_links": [{"key": "meaning-of", "type": "definition", "offset": [89, 99]}, {"key": "the-exchange-act", "type": "definition", "offset": [129, 145]}, {"key": "days-after", "type": "definition", "offset": [287, 297]}, {"key": "obligations-of-merger-sub", "type": "clause", "offset": [460, 485]}, {"key": "for-payment", "type": "clause", "offset": [535, 546]}, {"key": "pay-for", "type": "definition", "offset": [552, 559]}, {"key": "company-common-stock", "type": "definition", "offset": [575, 595]}, {"key": "pursuant-to-the", "type": "definition", "offset": [605, 620]}, {"key": "the-conditions", "type": "clause", "offset": [642, 656]}, {"key": "annex-i", "type": "definition", "offset": [670, 677]}, {"key": "offer-conditions", "type": "clause", "offset": [684, 700]}, {"key": "new-york-city-time", "type": "clause", "offset": [752, 770]}, {"key": "following-the", "type": "definition", "offset": [810, 823]}, {"key": "commencement-of-the-offer", "type": "clause", "offset": [824, 849]}, {"key": "right-to-waive", "type": "clause", "offset": [956, 970]}, {"key": "terms-of-the-offer", "type": "definition", "offset": [1027, 1045]}, {"key": "consent-of-the-company", "type": "clause", "offset": [1084, 1106]}, {"key": "number-of-shares-of", "type": "clause", "offset": [1188, 1207]}, {"key": "the-offer-price", "type": "clause", "offset": [1263, 1278]}, {"key": "minimum-tender-condition", "type": "definition", "offset": [1313, 1337]}, {"key": "add-to", "type": "clause", "offset": [1344, 1350]}, {"key": "to-any-holder", "type": "definition", "offset": [1445, 1458]}, {"key": "as-required", "type": "clause", "offset": [1495, 1506]}, {"key": "consideration-payable", "type": "definition", "offset": [1649, 1670]}, {"key": "subsequent-offering-period", "type": "definition", "offset": [1842, 1868]}, {"key": "article-vii", "type": "definition", "offset": [1969, 1980]}, {"key": "scheduled-expiration-date", "type": "definition", "offset": [1996, 2021]}, {"key": "to-the-extent", "type": "clause", "offset": [2096, 2109]}, {"key": "applicable-law", "type": "definition", "offset": [2126, 2140]}, {"key": "sole-discretion", "type": "clause", "offset": [2185, 2200]}, {"key": "length-of", "type": "clause", "offset": [2349, 2358]}, {"key": "to-be-determined", "type": "definition", "offset": [2371, 2387]}, {"key": "by-parent", "type": "clause", "offset": [2388, 2397]}, {"key": "the-parties-hereto", "type": "clause", "offset": [2475, 2493]}, {"key": "in-accordance-with", "type": "clause", "offset": [2564, 2582]}, {"key": "terms-and", "type": "clause", "offset": [2587, 2596]}, {"key": "the-request", "type": "clause", "offset": [2820, 2831]}, {"key": "the-end-date", "type": "definition", "offset": [3268, 3280]}, {"key": "minimum-period", "type": "clause", "offset": [3334, 3348]}, {"key": "required-by", "type": "definition", "offset": [3349, 3360]}, {"key": "applicable-rules", "type": "definition", "offset": [3383, 3399]}, {"key": "the-sec", "type": "definition", "offset": [3445, 3452]}, {"key": "its-staff", "type": "definition", "offset": [3456, 3465]}, {"key": "the-new-york-stock-exchange", "type": "clause", "offset": [3469, 3496]}, {"key": "agreement-to", "type": "clause", "offset": [3567, 3579]}, {"key": "in-no-event-shall", "type": "clause", "offset": [3594, 3611]}, {"key": "to-extend", "type": "clause", "offset": [3635, 3644]}, {"key": "at-any-time", "type": "clause", "offset": [3686, 3697]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [3739, 3763]}, {"key": "conditions-of-the-offer", "type": "clause", "offset": [3799, 3822]}, {"key": "all-shares", "type": "clause", "offset": [3932, 3942]}, {"key": "expiration-of-the-offer", "type": "clause", "offset": [4054, 4077]}, {"key": "payment-of-shares", "type": "clause", "offset": [4079, 4096]}, {"key": "in-this-agreement", "type": "clause", "offset": [4205, 4222]}, {"key": "offer-closing-date", "type": "definition", "offset": [4335, 4353]}, {"key": "unless-this-agreement", "type": "clause", "offset": [4515, 4536]}, {"key": "section-71", "type": "clause", "offset": [4578, 4589]}, {"key": "in-the-event", "type": "clause", "offset": [4591, 4603]}, {"key": "pursuant-to-article", "type": "clause", "offset": [4638, 4657]}, {"key": "hours-of", "type": "clause", "offset": [4733, 4741]}, {"key": "termination-of-the-offer", "type": "clause", "offset": [4818, 4842]}, {"key": "to-this-agreement", "type": "clause", "offset": [4902, 4919]}, {"key": "offer-termination-date", "type": "definition", "offset": [5040, 5062]}, {"key": "on-behalf-of", "type": "definition", "offset": [5264, 5276]}, {"key": "tendered-shares", "type": "definition", "offset": [5303, 5318]}, {"key": "registered-holders", "type": "clause", "offset": [5350, 5368]}, {"key": "the-date-of-commencement", "type": "definition", "offset": [5385, 5409]}, {"key": "tender-offer-statement", "type": "clause", "offset": [5539, 5561]}, {"key": "schedule-to", "type": "clause", "offset": [5565, 5576]}, {"key": "with-respect-to", "type": "clause", "offset": [5577, 5592]}, {"key": "offer-to-purchase", "type": "clause", "offset": [5725, 5742]}, {"key": "letter-of-transmittal", "type": "clause", "offset": [5757, 5778]}, {"key": "documents-attached", "type": "clause", "offset": [5907, 5925]}, {"key": "amendments-or-supplements", "type": "clause", "offset": [5965, 5990]}, {"key": "the-company-shall", "type": "clause", "offset": [6024, 6041]}, {"key": "to-parent", "type": "definition", "offset": [6059, 6068]}, {"key": "information-concerning-the-company", "type": "clause", "offset": [6088, 6122]}, {"key": "by-the-exchange", "type": "clause", "offset": [6140, 6155]}, {"key": "the-offer-documents", "type": "clause", "offset": [6179, 6198]}, {"key": "and-the-company", "type": "clause", "offset": [6227, 6242]}, {"key": "information-provided-by", "type": "clause", "offset": [6270, 6293]}, {"key": "such-information", "type": "definition", "offset": [6354, 6370]}, {"key": "false-or-misleading", "type": "definition", "offset": [6389, 6408]}, {"key": "material-respect", "type": "definition", "offset": [6416, 6432]}, {"key": "of-parent-and-merger-sub", "type": "clause", "offset": [6443, 6467]}, {"key": "to-amend", "type": "definition", "offset": [6499, 6507]}, {"key": "to-the-company", "type": "definition", "offset": [6649, 6663]}, {"key": "each-case", "type": "definition", "offset": [6683, 6692]}, {"key": "applicable-federal-securities-laws", "type": "definition", "offset": [6726, 6760]}, {"key": "notify-the", "type": "clause", "offset": [6799, 6809]}, {"key": "receipt-of", "type": "clause", "offset": [6827, 6837]}, {"key": "for-amendments", "type": "clause", "offset": [6944, 6958]}, {"key": "provide-the", "type": "clause", "offset": [7008, 7019]}, {"key": "copies-of-all-correspondence", "type": "clause", "offset": [7033, 7061]}, {"key": "respective-representatives", "type": "definition", "offset": [7099, 7125]}, {"key": "the-other-hand", "type": "clause", "offset": [7186, 7200]}, {"key": "reasonable-best-efforts", "type": "definition", "offset": [7251, 7274]}, {"key": "prior-to-the", "type": "clause", "offset": [7414, 7426]}, {"key": "filing-of-the-offer", "type": "clause", "offset": [7427, 7446]}, {"key": "amendment-or-supplement", "type": "clause", "offset": [7465, 7488]}, {"key": "stockholders-of-the-company", "type": "clause", "offset": [7534, 7561]}, {"key": "responding-to", "type": "clause", "offset": [7566, 7579]}, {"key": "reasonable-opportunity-to-review", "type": "clause", "offset": [7702, 7734]}, {"key": "funds-necessary", "type": "clause", "offset": [7876, 7891]}, {"key": "prior-consent", "type": "clause", "offset": [8055, 8068]}, {"key": "the-company-agrees", "type": "clause", "offset": [8173, 8191]}, {"key": "common-stock-held-by-the-company", "type": "clause", "offset": [8315, 8347]}], "size": 198, "samples": [{"hash": "fu7KTY6PyZm", "uri": "/contracts/fu7KTY6PyZm#the-offer", "label": "Merger Agreement", "score": 31.3408622742, "published": true}, {"hash": "eLvzWzEte4E", "uri": "/contracts/eLvzWzEte4E#the-offer", "label": "Agreement and Plan of Merger (Norcraft Companies, Inc.)", "score": 26.2429847717, "published": true}, {"hash": "awW8irtL1Ca", "uri": "/contracts/awW8irtL1Ca#the-offer", "label": "Merger Agreement (Fortune Brands Home & Security, Inc.)", "score": 26.2402458191, "published": true}], "hash": "3539cdfdf859944cb8a209a45c9f206c", "id": 3}, {"snippet": "(a) Provided that this Agreement shall not have been terminated in accordance with Section 10.1 and nothing shall have occurred that, had the Offer been commenced, would give rise to a right to terminate the Offer pursuant to any of the conditions set forth in Annex I hereto (the \"Offer Conditions\"), as promptly as practicable after the Go-Shop Period, Merger Sub shall commence (within the meaning of Rule 14d-2 under the Exchange Act) the Offer. The consummation of the Offer shall be subject to the satisfaction of the Offer Conditions. The date on which Merger Sub commences the Offer is referred to as the \"Offer Commencement Date\".\n(b) Merger Sub expressly reserves the right to waive any of the Offer Conditions and to make any change in the terms of or conditions to the Offer; provided that, without the prior written consent of the Company, Merger Sub shall not: (i) waive or change the Minimum Condition (as defined in Annex I); (ii) decrease the Offer Price; (iii) change the form of consideration to be paid in the Offer; (iv) decrease the number of Shares sought in the Offer; (v) extend or otherwise change the expiration date of the Offer except as otherwise provided herein; or (vi) otherwise amend, modify or supplement any of the Offer Conditions or terms of the Offer in a manner materially adverse to the holders of the Shares.\n(c) Unless extended as provided in this Agreement, the Offer shall expire on the date that is twenty Business Days (calculated as set forth in Rule 14d-1(g)(3) under the Exchange Act) after the Offer Commencement Date. Notwithstanding the foregoing, without the consent of the Company, Merger Sub shall have the right to extend the Offer (i) from time to time if, at the scheduled or extended expiration date of the Offer, any of the Offer Conditions shall not have been satisfied or waived, until such Offer Conditions are satisfied or waived and (ii) for any period required by any rule, regulation, interpretation or position of the SEC or the staff thereof applicable to the Offer or any period otherwise required by Applicable Law. If any of the Offer Conditions is not satisfied or waived on any scheduled expiration date of the Offer, Merger Sub shall extend the Offer, if such Offer Condition or Offer Conditions could reasonably be expected to be satisfied, from time to time until such Offer Condition or Offer Conditions are satisfied or waived; provided that, in each case, Merger Sub shall not be required to extend the Offer beyond the earlier of (x) the End Date and (y) the date that is 60 days after the date that all of the Offer Conditions (other than the Minimum Condition and those that by their nature are to be satisfied at the expiration of the Offer) have been satisfied or, to the extent permissible, have been waived by Merger Sub. Following expiration of the Offer, Merger Sub may, in its sole discretion, provide a subsequent offering period (\"Subsequent Offering Period\") in accordance with Rule 14d-11 of the Exchange Act.\n(d) Subject to the terms and conditions set forth in this Agreement and to the satisfaction or waiver of the Offer Conditions, Merger Sub shall, and Parent shall cause it to, accept for payment and pay for, as promptly as practicable (i) after the expiration of the Offer, all Shares validly tendered and not withdrawn pursuant to the Offer and (ii) all Shares validly tendered in the Subsequent Offering Period (the date on which Shares are first accepted for payment under the Offer, the \"Acceptance Date\").\n(e) As soon as practicable on the Offer Commencement Date, Parent and Merger Sub shall (i) file with the SEC a Tender Offer Statement on Schedule TO with respect to the Offer (together with all amendments and supplements thereto and including exhibits thereto, the \"Schedule TO\") that shall include the summary term sheet required thereby and, as exhibits, the Offer to Purchase, a form of letter of transmittal and a form of summary advertisement (collectively, together with any amendments or supplements thereto, the \"Offer Documents\"); and (ii) cause the Offer Documents to be disseminated to holders of Shares to the extent required by applicable federal securities laws.\n(f) Each of Parent, Merger Sub and the Company agrees promptly to correct any information provided by it for use in the Schedule TO and the Offer Documents if and to the extent that such information shall have become (or shall have become known to be) false or misleading in any material respect. Parent and Merger Sub shall use their reasonable best efforts to cause the Schedule TO as so corrected to be filed with the SEC and the Offer Documents as so corrected to be disseminated to holders of Shares, in each case to the extent required by applicable federal securities laws. The Company and its counsel shall be given a reasonable opportunity to review and comment on the Schedule TO and the Offer Documents each time before any such document is filed with the SEC, and Parent and Merger Sub shall give reasonable and good faith consideration to any comments made by the Company and its counsel. Parent and Merger Sub shall provide the Company and its counsel with (i) any comments or other communications, whether written or oral, that Parent, Merger Sub or their counsel may receive from time to time from the SEC or its staff with respect to the Schedule TO or Offer Documents promptly after receipt of those comments or other communications and (ii) a reasonable opportunity to participate in the response of Parent and Merger Sub to those comments and to provide comments on that response (to which reasonable and good faith consideration shall be given), including by participating with Parent and Merger Sub or their counsel in any discussions or meetings with the SEC.", "snippet_links": [{"key": "provided-that", "type": "clause", "offset": [4, 17]}, {"key": "in-accordance-with", "type": "clause", "offset": [64, 82]}, {"key": "right-to-terminate", "type": "definition", "offset": [185, 203]}, {"key": "the-conditions", "type": "clause", "offset": [233, 247]}, {"key": "annex-i", "type": "definition", "offset": [261, 268]}, {"key": "offer-conditions", "type": "clause", "offset": [282, 298]}, {"key": "meaning-of", "type": "definition", "offset": [393, 403]}, {"key": "the-exchange-act", "type": "definition", "offset": [421, 437]}, {"key": "consummation-of-the-offer", "type": "definition", "offset": [454, 479]}, {"key": "satisfaction-of", "type": "clause", "offset": [504, 519]}, {"key": "offer-commencement-date", "type": "definition", "offset": [614, 637]}, {"key": "to-waive-any", "type": "clause", "offset": [684, 696]}, {"key": "change-in", "type": "definition", "offset": [737, 746]}, {"key": "conditions-to-the-offer", "type": "clause", "offset": [763, 786]}, {"key": "consent-of-the-company", "type": "clause", "offset": [829, 851]}, {"key": "minimum-condition", "type": "clause", "offset": [899, 916]}, {"key": "the-offer-price", "type": "clause", "offset": [956, 971]}, {"key": "consideration-to-be-paid", "type": "clause", "offset": [998, 1022]}, {"key": "number-of-shares", "type": "definition", "offset": [1055, 1071]}, {"key": "date-of", "type": "clause", "offset": [1139, 1146]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [1157, 1185]}, {"key": "terms-of-the-offer", "type": "definition", "offset": [1271, 1289]}, {"key": "materially-adverse", "type": "definition", "offset": [1302, 1320]}, {"key": "the-holders", "type": "clause", "offset": [1324, 1335]}, {"key": "the-shares", "type": "clause", "offset": [1339, 1349]}, {"key": "in-this-agreement", "type": "clause", "offset": [1383, 1400]}, {"key": "business-days", "type": "clause", "offset": [1452, 1465]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1570, 1599]}, {"key": "right-to-extend", "type": "definition", "offset": [1663, 1678]}, {"key": "from-time-to-time", "type": "clause", "offset": [1693, 1710]}, {"key": "extended-expiration-date", "type": "definition", "offset": [1735, 1759]}, {"key": "required-by", "type": "definition", "offset": [1919, 1930]}, {"key": "the-sec", "type": "definition", "offset": [1983, 1990]}, {"key": "applicable-to", "type": "definition", "offset": [2012, 2025]}, {"key": "applicable-law", "type": "definition", "offset": [2072, 2086]}, {"key": "scheduled-expiration-date", "type": "definition", "offset": [2153, 2178]}, {"key": "could-reasonably-be-expected-to", "type": "definition", "offset": [2272, 2303]}, {"key": "each-case", "type": "definition", "offset": [2426, 2435]}, {"key": "the-end-date", "type": "definition", "offset": [2516, 2528]}, {"key": "days-after", "type": "definition", "offset": [2557, 2567]}, {"key": "expiration-of-the-offer", "type": "clause", "offset": [2702, 2725]}, {"key": "to-the-extent", "type": "clause", "offset": [2751, 2764]}, {"key": "sole-discretion", "type": "clause", "offset": [2868, 2883]}, {"key": "provide-a", "type": "definition", "offset": [2885, 2894]}, {"key": "subsequent-offering-period", "type": "definition", "offset": [2895, 2921]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [3020, 3044]}, {"key": "waiver-of-the", "type": "clause", "offset": [3100, 3113]}, {"key": "for-payment", "type": "clause", "offset": [3187, 3198]}, {"key": "pay-for", "type": "definition", "offset": [3203, 3210]}, {"key": "all-shares", "type": "clause", "offset": [3278, 3288]}, {"key": "pursuant-to-the", "type": "definition", "offset": [3324, 3339]}, {"key": "acceptance-date", "type": "definition", "offset": [3496, 3511]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [3519, 3541]}, {"key": "tender-offer-statement", "type": "clause", "offset": [3626, 3648]}, {"key": "schedule-to", "type": "clause", "offset": [3652, 3663]}, {"key": "with-respect-to", "type": "clause", "offset": [3664, 3679]}, {"key": "amendments-and-supplements", "type": "clause", "offset": [3709, 3735]}, {"key": "summary-term-sheet", "type": "clause", "offset": [3818, 3836]}, {"key": "the-offer-to-purchase", "type": "clause", "offset": [3872, 3893]}, {"key": "letter-of-transmittal", "type": "clause", "offset": [3905, 3926]}, {"key": "amendments-or-supplements", "type": "clause", "offset": [3996, 4021]}, {"key": "documents-to-be", "type": "clause", "offset": [4080, 4095]}, {"key": "holders-of-shares", "type": "clause", "offset": [4112, 4129]}, {"key": "applicable-federal-securities-laws", "type": "definition", "offset": [4156, 4190]}, {"key": "the-company-agrees", "type": "clause", "offset": [4227, 4245]}, {"key": "information-provided-by", "type": "clause", "offset": [4270, 4293]}, {"key": "the-schedule", "type": "clause", "offset": [4308, 4320]}, {"key": "such-information", "type": "definition", "offset": [4374, 4390]}, {"key": "false-or-misleading", "type": "definition", "offset": [4444, 4463]}, {"key": "material-respect", "type": "definition", "offset": [4471, 4487]}, {"key": "reasonable-best-efforts", "type": "definition", "offset": [4527, 4550]}, {"key": "review-and-comment", "type": "clause", "offset": [4844, 4862]}, {"key": "good-faith-consideration", "type": "clause", "offset": [5016, 5040]}, {"key": "by-the-company", "type": "clause", "offset": [5062, 5076]}, {"key": "provide-the", "type": "clause", "offset": [5122, 5133]}, {"key": "other-communications", "type": "clause", "offset": [5183, 5203]}, {"key": "its-staff", "type": "definition", "offset": [5317, 5326]}, {"key": "after-receipt-of", "type": "clause", "offset": [5387, 5403]}, {"key": "participate-in", "type": "definition", "offset": [5480, 5494]}, {"key": "the-response", "type": "clause", "offset": [5495, 5507]}, {"key": "of-parent-and-merger-sub", "type": "clause", "offset": [5508, 5532]}, {"key": "to-provide", "type": "definition", "offset": [5555, 5565]}], "size": 194, "samples": [{"hash": "9PZ5Nmg8hkx", "uri": "/contracts/9PZ5Nmg8hkx#the-offer", "label": "Merger Agreement (Emergent Group Inc/Ny)", "score": 22.1006164551, "published": true}, {"hash": "50tWw534LOI", "uri": "/contracts/50tWw534LOI#the-offer", "label": "Merger Agreement (Universal Hospital Services Inc)", "score": 22.1006164551, "published": true}], "hash": "01a29505f977b34bdbb6daae1c23a767", "id": 4}, {"snippet": "(a) Provided that this Agreement shall not have been terminated in accordance with Section 8.1 and subject to the satisfaction of the conditions set forth in Annex A hereto (the \"Offer Conditions\"), Purchaser shall, as soon as reasonably practicable after the date hereof (and in any event within five business days from the date of public announcement of the execution hereof), commence (within the meaning of Rule 14d-2 under the Securities Exchange Act of 1934, as amended (the \"Exchange Act\")) an offer (the \"Offer\") to purchase for cash up to 80,916,766 of the issued and outstanding shares of Common Stock, par value $1.00 per share (\"Company Common Stock\"), of the Company and the associated Preferred Stock Purchase Rights (the \"Rights\") issued pursuant to the Rights Agreement, dated as of April 24, 1997, between the Company and First Chicago Trust Company of New York (the \"Rights Agreement\") at a price of $37.125 per share of Company Common Stock, net to the seller in cash. The obligation of Purchaser to accept for payment shares of Company Common Stock tendered pursuant to the Offer shall be subject only to the satisfaction 6 2 or waiver by Purchaser of the Offer Conditions. Purchaser expressly reserves the right, in its sole discretion, to waive any such condition (other than the Minimum Condition as defined in the Offer Conditions) and make any other changes in the terms and conditions of the Offer; provided that, unless previously approved by the Company in writing, no change may be made which changes the Minimum Condition or decreases the price per share of Company Common Stock payable in the Offer, changes the form of consideration payable in the Offer, increases or reduces the maximum number (80,916,766 Shares) of shares of Company Common Stock to be purchased in the Offer (the \"Maximum Offer Number\"), amends the Offer Conditions or imposes conditions to the Offer in addition to the Offer Conditions, or makes other changes to the terms or conditions to the Offer that are adverse to the holders of Company Common Stock. Purchaser covenants and agrees that, subject to the terms and conditions of this Agreement, including but not limited to the Offer Conditions, it will accept for payment and pay for shares of Company Common Stock as soon as it is permitted to do so under applicable law. The Offer shall initially be scheduled to expire 20 business days following the commencement thereof, provided that, unless this Agreement has been terminated pursuant to Section 8.1 and subject to Section 1.1(b), Purchaser shall extend the Offer from time to time in the event that, at a then-scheduled expiration date, all of the Offer Conditions have not been satisfied or waived as permitted pursuant to this Agreement, each such extension not to exceed (unless otherwise consented to in writing by the Company) the lesser of 10 additional business days or such fewer number of days that Purchaser reasonably believes are necessary to cause the Offer Conditions to be satisfied. It is agreed that the Offer Conditions are for the benefit of Purchaser and may be asserted by Purchaser regardless of the circumstances giving rise to any such condition (except for any action or inaction by Purchaser or Parent constituting a breach of this Agreement). Except as provided in Section 1.1(b) or 1.1(d), Purchaser shall not terminate the Offer without purchasing shares of Company Common Stock pursuant to the Offer.\n(b) If, on April 2, 1999 (subject to extension pursuant to the proviso to this sentence, the \"Final Expiration Date\"), Purchaser has not consummated the Offer in accordance with its terms, Purchaser shall thereupon terminate the Offer without the acceptance of any Shares previously tendered and the parties shall, upon the terms and conditions hereof, seek to consummate the Merger; provided, however, that the Final Expiration Date may be further extended by Parent, but in no event beyond April 17, 1999, if Parent reasonably believes that the required regulatory approvals pursuant to the HSR Act (as defined in Section 3.5(b)) and the notification of and approval by the European Commission under the EU Council Regulation 4064/89, as amended (the \"EU Approval\"), will be obtained during such extended period. If, at the Final Expiration Date, all Offer Conditions have not been satisfied, Purchaser shall, unless Parent and the Company otherwise agree, terminate the Offer, and the parties shall, subject to the terms and conditions hereof, seek to consummate the Merger.\n(c) Documents and all amendments thereto will comply in all material respects with the Exchange Act and the rules and regulations promulgated thereunder. Parent and Purchaser agree that the Company and its counsel shall be given an opportunity to review the Schedule 14D-1 before it is filed with the SEC. Parent, Purchaser and the Company each agrees promptly to correct any information provided by it for use in the Offer Documents that shall have become false or misleading in any material respect, and Parent and Purchaser further agree to take all steps necessary to cause the Schedule 14D-1 as so corrected to be filed with the SEC and the other Offer Documents as so corrected to be disseminated to holders of shares of Company Common Stock, in each case as and to the extent required by applicable federal securities laws.\n(d) In the event that this Agreement has been terminated pursuant to Section 8.1, Purchaser shall, and Parent shall cause Purchaser to, promptly terminate the Offer without accepting any shares of Company Common Stock for payment. Parent will provide the Company with a copy of any comments Parent or Purchaser may receive from the SEC or its staff with respect to the Offer Documents promptly following receipt thereof.", "snippet_links": [{"key": "provided-that", "type": "clause", "offset": [4, 17]}, {"key": "in-accordance-with", "type": "clause", "offset": [64, 82]}, {"key": "section-81", "type": "clause", "offset": [83, 94]}, {"key": "satisfaction-of-the-conditions", "type": "clause", "offset": [114, 144]}, {"key": "annex-a", "type": "definition", "offset": [158, 165]}, {"key": "offer-conditions", "type": "clause", "offset": [179, 195]}, {"key": "date-hereof", "type": "clause", "offset": [260, 271]}, {"key": "date-of", "type": "clause", "offset": [325, 332]}, {"key": "the-execution", "type": "clause", "offset": [356, 369]}, {"key": "meaning-of", "type": "definition", "offset": [400, 410]}, {"key": "securities-exchange-act-of-1934", "type": "definition", "offset": [432, 463]}, {"key": "as-amended", "type": "definition", "offset": [465, 475]}, {"key": "for-cash", "type": "definition", "offset": [533, 541]}, {"key": "outstanding-shares-of-common-stock", "type": "definition", "offset": [577, 611]}, {"key": "par-value", "type": "definition", "offset": [613, 622]}, {"key": "company-common-stock", "type": "definition", "offset": [641, 661]}, {"key": "the-company-and-the", "type": "clause", "offset": [668, 687]}, {"key": "associated-preferred-stock-purchase-rights", "type": "clause", "offset": [688, 730]}, {"key": "pursuant-to-the-rights-agreement", "type": "clause", "offset": [753, 785]}, {"key": "dated-as-of", "type": "definition", "offset": [787, 798]}, {"key": "first-chicago", "type": "definition", "offset": [839, 852]}, {"key": "trust-company", "type": "definition", "offset": [853, 866]}, {"key": "of-new-york", "type": "definition", "offset": [867, 878]}, {"key": "to-the-seller", "type": "definition", "offset": [965, 978]}, {"key": "obligation-of-purchaser", "type": "clause", "offset": [992, 1015]}, {"key": "shares-of-company", "type": "clause", "offset": [1038, 1055]}, {"key": "subject-only", "type": "definition", "offset": [1109, 1121]}, {"key": "waiver-by-purchaser", "type": "clause", "offset": [1149, 1168]}, {"key": "sole-discretion", "type": "clause", "offset": [1241, 1256]}, {"key": "to-waive-any", "type": "clause", "offset": [1258, 1270]}, {"key": "minimum-condition", "type": "clause", "offset": [1302, 1319]}, {"key": "changes-in", "type": "clause", "offset": [1375, 1385]}, {"key": "terms-and-conditions-of-the-offer", "type": "clause", "offset": [1390, 1423]}, {"key": "in-writing", "type": "clause", "offset": [1482, 1492]}, {"key": "no-change", "type": "definition", "offset": [1494, 1503]}, {"key": "price-per-share", "type": "clause", "offset": [1569, 1584]}, {"key": "consideration-payable", "type": "definition", "offset": [1651, 1672]}, {"key": "maximum-number", "type": "definition", "offset": [1712, 1726]}, {"key": "common-stock-to-be", "type": "clause", "offset": [1768, 1786]}, {"key": "maximum-offer", "type": "definition", "offset": [1816, 1829]}, {"key": "conditions-to-the-offer", "type": "clause", "offset": [1879, 1902]}, {"key": "in-addition-to-the", "type": "clause", "offset": [1903, 1921]}, {"key": "changes-to-the-terms", "type": "clause", "offset": [1955, 1975]}, {"key": "the-holders", "type": "clause", "offset": [2023, 2034]}, {"key": "purchaser-covenants", "type": "clause", "offset": [2060, 2079]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [2112, 2150]}, {"key": "not-limited", "type": "clause", "offset": [2166, 2177]}, {"key": "pay-for", "type": "definition", "offset": [2234, 2241]}, {"key": "applicable-law", "type": "definition", "offset": [2315, 2329]}, {"key": "following-the", "type": "definition", "offset": [2397, 2410]}, {"key": "unless-this-agreement", "type": "clause", "offset": [2448, 2469]}, {"key": "pursuant-to-section", "type": "clause", "offset": [2490, 2509]}, {"key": "subject-to-section", "type": "clause", "offset": [2518, 2536]}, {"key": "from-time-to-time", "type": "clause", "offset": [2578, 2595]}, {"key": "in-the-event", "type": "clause", "offset": [2596, 2608]}, {"key": "scheduled-expiration-date", "type": "definition", "offset": [2625, 2650]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [2727, 2753]}, {"key": "not-to-exceed", "type": "definition", "offset": [2775, 2788]}, {"key": "consented-to", "type": "definition", "offset": [2807, 2819]}, {"key": "lesser-of", "type": "definition", "offset": [2851, 2860]}, {"key": "additional-business-days", "type": "definition", "offset": [2864, 2888]}, {"key": "number-of-days", "type": "definition", "offset": [2903, 2917]}, {"key": "reasonably-believes", "type": "definition", "offset": [2933, 2952]}, {"key": "conditions-to-be-satisfied", "type": "clause", "offset": [2986, 3012]}, {"key": "it-is-agreed-that", "type": "clause", "offset": [3014, 3031]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [3057, 3075]}, {"key": "action-or-inaction", "type": "clause", "offset": [3201, 3219]}, {"key": "breach-of-this-agreement", "type": "definition", "offset": [3258, 3282]}, {"key": "except-as-provided-in", "type": "clause", "offset": [3285, 3306]}, {"key": "purchasing-shares", "type": "clause", "offset": [3381, 3398]}, {"key": "on-april", "type": "clause", "offset": [3454, 3462]}, {"key": "final-expiration-date", "type": "clause", "offset": [3540, 3561]}, {"key": "acceptance-of", "type": "clause", "offset": [3693, 3706]}, {"key": "the-parties-shall", "type": "clause", "offset": [3742, 3759]}, {"key": "the-merger", "type": "clause", "offset": [3818, 3828]}, {"key": "the-final", "type": "clause", "offset": [3854, 3863]}, {"key": "by-parent", "type": "clause", "offset": [3904, 3913]}, {"key": "in-no-event", "type": "clause", "offset": [3919, 3930]}, {"key": "required-regulatory-approvals", "type": "definition", "offset": [3993, 4022]}, {"key": "hsr-act", "type": "clause", "offset": [4039, 4046]}, {"key": "defined-in-section", "type": "clause", "offset": [4051, 4069]}, {"key": "notification-of", "type": "definition", "offset": [4086, 4101]}, {"key": "approval-by", "type": "clause", "offset": [4106, 4117]}, {"key": "the-european-commission", "type": "clause", "offset": [4118, 4141]}, {"key": "council-regulation", "type": "definition", "offset": [4155, 4173]}, {"key": "eu-approval", "type": "definition", "offset": [4200, 4211]}, {"key": "extended-period", "type": "definition", "offset": [4244, 4259]}, {"key": "and-the-company", "type": "clause", "offset": [4372, 4387]}, {"key": "in-all-material-respects", "type": "definition", "offset": [4577, 4601]}, {"key": "the-exchange-act", "type": "definition", "offset": [4607, 4623]}, {"key": "rules-and-regulations", "type": "clause", "offset": [4632, 4653]}, {"key": "parent-and-purchaser", "type": "clause", "offset": [4678, 4698]}, {"key": "opportunity-to-review", "type": "clause", "offset": [4756, 4777]}, {"key": "schedule-14d-1", "type": "definition", "offset": [4782, 4796]}, {"key": "purchaser-and-the", "type": "clause", "offset": [4838, 4855]}, {"key": "information-provided-by", "type": "clause", "offset": [4900, 4923]}, {"key": "the-offer-documents", "type": "clause", "offset": [4938, 4957]}, {"key": "false-or-misleading", "type": "definition", "offset": [4981, 5000]}, {"key": "agree-to", "type": "clause", "offset": [5059, 5067]}, {"key": "other-offer", "type": "definition", "offset": [5170, 5181]}, {"key": "holders-of-shares", "type": "clause", "offset": [5230, 5247]}, {"key": "each-case", "type": "definition", "offset": [5276, 5285]}, {"key": "to-the-extent", "type": "clause", "offset": [5293, 5306]}, {"key": "required-by", "type": "definition", "offset": [5307, 5318]}, {"key": "applicable-federal-securities-laws", "type": "definition", "offset": [5319, 5353]}, {"key": "provide-the", "type": "clause", "offset": [5598, 5609]}, {"key": "a-copy-of", "type": "clause", "offset": [5623, 5632]}, {"key": "its-staff", "type": "definition", "offset": [5694, 5703]}, {"key": "with-respect-to", "type": "clause", "offset": [5704, 5719]}, {"key": "promptly-following", "type": "clause", "offset": [5740, 5758]}], "size": 171, "samples": [{"hash": "kl4CjoNOsHQ", "uri": "/contracts/kl4CjoNOsHQ#the-offer", "label": "Merger Agreement (Rohm & Haas Co)", "score": 18.0, "published": true}, {"hash": "iRcZZzDbne1", "uri": "/contracts/iRcZZzDbne1#the-offer", "label": "Merger Agreement (Morton Acquisition Corp)", "score": 18.0, "published": true}, {"hash": "cdYGDAnyEDx", "uri": "/contracts/cdYGDAnyEDx#the-offer", "label": "Merger Agreement (Rohm & Haas Co)", "score": 18.0, "published": true}], "hash": "f218cf45d262542394220ed6f49be6ba", "id": 5}, {"snippet": "(a) Purchaser shall, and Exeter shall cause Purchaser to, commence the Offer as promptly as reasonably practicable after the date hereof, but in no event later than July 12, 2002. The obligation of Purchaser to accept for payment Shares tendered pursuant to the Offer shall be subject to the conditions set forth in Annex A hereto. Purchaser expressly reserves the right to waive any such condition, to increase the price per Share payable in the Offer, and to make any other changes in the terms and conditions of the Offer; provided, however, that, without the prior written consent of the Company, Purchaser shall not (i) decrease the price per Share payable in the Offer, (ii) reduce the maximum number of Shares to be purchased in the Offer, (iii) impose conditions to the Offer in addition to those set forth in Annex A hereto, (iv) extend the Offer, (v) change the form of consideration payable in the Offer or (vi) amend, add to or waive any other term of the Offer in any manner that would be, in any significant respect, adverse to the Company or the Stockholders. Notwithstanding the foregoing, Purchaser may, without consent of the Company, (i) extend the Offer beyond the scheduled expiration date, which shall be 20 business days following the commencement of the Offer, if, at the scheduled expiration of the Offer, any of the conditions to Purchaser's obligation to accept for payment, and to pay for, the Shares, shall not be satisfied or waived or (ii) extend the Offer for any period required by any rule, regulation or interpretation of the Securities and Exchange Commission (the \"SEC\"), or the staff thereof, applicable to the Offer; provided, however, that if the sole condition remaining unsatisfied on the initial scheduled expiration date of the Offer is a condition set forth in paragraph (d) or (e) of Annex A, Purchaser shall, so long as the breach can be cured and the Company is vigorously attempting to cure such breach, extend the Offer from time to time until five business days after such breach is cured; provided, further, that Purchaser shall not be required to extend the Offer beyond 30 calendar days after such initial scheduled expiration date. In addition, if all of the conditions to the Offer are satisfied or waived, then upon the applicable expiration date of the Offer, Purchaser may, without the consent of the Company, provide \"subsequent offering periods,\" as such term is defined in, and in accordance with, Rule 14d-11 under the Exchange Act, for an aggregate period not to exceed twenty (20) business days (for all such extensions) and Purchaser shall (A) give the required notice of such subsequent offering period and (B) immediately accept and promptly pay for all Shares tendered as of such applicable expiration date. The Per Share Amount shall, subject to applicable withholding of taxes, be net to the seller in cash, upon the terms and subject to the conditions of the Offer. Upon expiration of the Offer, Purchaser shall, and Exeter shall cause Purchaser to, accept for payment all Shares validly tendered and not withdrawn pursuant to the Offer and pay for all such Shares promptly following the acceptance of Shares for payment. Notwithstanding the immediately preceding sentence and subject to the applicable rules of the SEC and the terms and conditions of the Offer, Purchaser expressly reserves the right to delay payment for Shares in order to comply in whole or in part with applicable Laws. Any such delay shall be effected in compliance with Rule 14e-1(c) under the Securities Exchange Act of 1934, as amended (the \"Exchange Act\").\n(b) As promptly as reasonably practicable on the date of commencement of the Offer, Purchaser shall file with the SEC a Tender Offer Statement on Schedule TO (together with all amendments and supplements thereto, the \"Schedule TO\") with respect to the Offer. The Schedule TO shall contain or shall incorporate by reference an offer to purchase (the \"Offer to Purchase\") and forms of the related letter of transmittal and any related summary advertisement (the Schedule TO, the Offer to Purchase and such other documents, together with all supplements and amendments thereto, being referred to herein collectively as the \"Offer Documents\"). Purchaser and the Company agree to correct promptly any information provided by any of them for use in the Offer Documents that shall have become false or misleading, and Purchaser further agrees to take all steps necessary to cause the Schedule TO, as so corrected, to be filed with the SEC, and the other Offer Documents, as so corrected, to be disseminated to Stockholders, in each case as and to the extent required by applicable federal securities laws.", "snippet_links": [{"key": "date-hereof", "type": "clause", "offset": [125, 136]}, {"key": "in-no-event", "type": "clause", "offset": [142, 153]}, {"key": "obligation-of-purchaser", "type": "clause", "offset": [184, 207]}, {"key": "payment-shares", "type": "definition", "offset": [222, 236]}, {"key": "pursuant-to-the", "type": "definition", "offset": [246, 261]}, {"key": "the-conditions", "type": "clause", "offset": [288, 302]}, {"key": "annex-a", "type": "definition", "offset": [316, 323]}, {"key": "to-waive-any", "type": "clause", "offset": [371, 383]}, {"key": "price-per-share", "type": "clause", "offset": [416, 431]}, {"key": "changes-in", "type": "clause", "offset": [476, 486]}, {"key": "terms-and-conditions-of-the-offer", "type": "clause", "offset": [491, 524]}, {"key": "consent-of-the-company", "type": "clause", "offset": [577, 599]}, {"key": "number-of-shares-to-be-purchased", "type": "clause", "offset": [700, 732]}, {"key": "conditions-to-the-offer", "type": "clause", "offset": [760, 783]}, {"key": "in-addition-to", "type": "clause", "offset": [784, 798]}, {"key": "consideration-payable", "type": "definition", "offset": [880, 901]}, {"key": "add-to", "type": "clause", "offset": [930, 936]}, {"key": "term-of-the", "type": "clause", "offset": [956, 967]}, {"key": "to-the-company", "type": "definition", "offset": [1039, 1053]}, {"key": "the-stockholders", "type": "clause", "offset": [1057, 1073]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1075, 1104]}, {"key": "without-consent", "type": "clause", "offset": [1121, 1136]}, {"key": "scheduled-expiration-date", "type": "definition", "offset": [1185, 1210]}, {"key": "business-days", "type": "clause", "offset": [1230, 1243]}, {"key": "following-the", "type": "definition", "offset": [1244, 1257]}, {"key": "commencement-of-the-offer", "type": "clause", "offset": [1258, 1283]}, {"key": "expiration-of-the-offer", "type": "clause", "offset": [1306, 1329]}, {"key": "to-purchaser", "type": "clause", "offset": [1353, 1365]}, {"key": "obligation-to", "type": "clause", "offset": [1368, 1381]}, {"key": "pay-for", "type": "definition", "offset": [1409, 1416]}, {"key": "the-shares", "type": "clause", "offset": [1418, 1428]}, {"key": "required-by", "type": "definition", "offset": [1503, 1514]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [1557, 1595]}, {"key": "applicable-to", "type": "definition", "offset": [1631, 1644]}, {"key": "and-the-company", "type": "clause", "offset": [1891, 1906]}, {"key": "from-time-to-time", "type": "clause", "offset": [1970, 1987]}, {"key": "days-after", "type": "definition", "offset": [2008, 2018]}, {"key": "to-extend", "type": "clause", "offset": [2097, 2106]}, {"key": "calendar-days", "type": "definition", "offset": [2127, 2140]}, {"key": "applicable-expiration-date", "type": "definition", "offset": [2277, 2303]}, {"key": "subsequent-offering-periods", "type": "clause", "offset": [2378, 2405]}, {"key": "in-accordance-with", "type": "clause", "offset": [2440, 2458]}, {"key": "the-exchange-act", "type": "definition", "offset": [2478, 2494]}, {"key": "aggregate-period", "type": "definition", "offset": [2503, 2519]}, {"key": "not-to-exceed", "type": "definition", "offset": [2520, 2533]}, {"key": "notice-of", "type": "clause", "offset": [2628, 2637]}, {"key": "all-shares", "type": "clause", "offset": [2718, 2728]}, {"key": "per-share-amount", "type": "clause", "offset": [2781, 2797]}, {"key": "withholding-of-taxes", "type": "definition", "offset": [2827, 2847]}, {"key": "to-the-seller", "type": "definition", "offset": [2856, 2869]}, {"key": "upon-expiration", "type": "clause", "offset": [2938, 2953]}, {"key": "promptly-following", "type": "clause", "offset": [3137, 3155]}, {"key": "acceptance-of-shares", "type": "clause", "offset": [3160, 3180]}, {"key": "rules-of", "type": "definition", "offset": [3275, 3283]}, {"key": "payment-for-shares", "type": "clause", "offset": [3383, 3401]}, {"key": "order-to-comply", "type": "definition", "offset": [3405, 3420]}, {"key": "with-applicable-laws", "type": "clause", "offset": [3441, 3461]}, {"key": "compliance-with-rule", "type": "clause", "offset": [3499, 3519]}, {"key": "securities-exchange-act-of-1934", "type": "definition", "offset": [3539, 3570]}, {"key": "as-amended", "type": "definition", "offset": [3572, 3582]}, {"key": "the-date-of-commencement", "type": "definition", "offset": [3650, 3674]}, {"key": "tender-offer-statement", "type": "clause", "offset": [3725, 3747]}, {"key": "schedule-to", "type": "clause", "offset": [3751, 3762]}, {"key": "amendments-and-supplements", "type": "clause", "offset": [3782, 3808]}, {"key": "with-respect-to", "type": "clause", "offset": [3837, 3852]}, {"key": "the-schedule", "type": "clause", "offset": [3864, 3876]}, {"key": "incorporate-by-reference", "type": "definition", "offset": [3903, 3927]}, {"key": "letter-of-transmittal", "type": "clause", "offset": [4000, 4021]}, {"key": "the-offer-to-purchase", "type": "clause", "offset": [4078, 4099]}, {"key": "other-documents", "type": "clause", "offset": [4109, 4124]}, {"key": "supplements-and-amendments", "type": "clause", "offset": [4144, 4170]}, {"key": "purchaser-and-the", "type": "clause", "offset": [4245, 4262]}, {"key": "agree-to", "type": "clause", "offset": [4271, 4279]}, {"key": "information-provided-by", "type": "clause", "offset": [4301, 4324]}, {"key": "the-offer-documents", "type": "clause", "offset": [4348, 4367]}, {"key": "false-or-misleading", "type": "definition", "offset": [4391, 4410]}, {"key": "agrees-to", "type": "clause", "offset": [4434, 4443]}, {"key": "other-offer", "type": "definition", "offset": [4546, 4557]}, {"key": "each-case", "type": "definition", "offset": [4625, 4634]}, {"key": "to-the-extent", "type": "clause", "offset": [4642, 4655]}, {"key": "applicable-federal-securities-laws", "type": "definition", "offset": [4668, 4702]}], "size": 148, "samples": [{"hash": "eW2MwkpmOrw", "uri": "/contracts/eW2MwkpmOrw#the-offer", "label": "Stock Purchase Agreement (Ashner Michael L)", "score": 18.0, "published": true}, {"hash": "dXU7lV8DkVA", "uri": "/contracts/dXU7lV8DkVA#the-offer", "label": "Settlement Agreement (Shelbourne Properties I Inc)", "score": 18.0, "published": true}, {"hash": "dQRQ4a09GHx", "uri": "/contracts/dQRQ4a09GHx#the-offer", "label": "Stock Purchase Agreement (Shelbourne Properties Iii Inc)", "score": 18.0, "published": true}], "hash": "7691636d41ec1a3d950eb74e80ed96ac", "id": 6}, {"snippet": "(a) As promptly as practicable (and in any event within ten (10) Business Days) after the date hereof, the Purchaser shall (and Parent shall cause the Purchaser to) commence, within the meaning of Rule 14d-2 under the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (the \u201cExchange Act\u201d), the Offer to purchase all the outstanding Common Shares at the Common Offer Price and all the outstanding Preferred Shares at the Preferred Offer Price. The obligation of the Purchaser to commence the Offer shall be subject only to the condition that none of the events set forth in clauses (c)(i) through (c)(iv) of Annex I hereto shall have occurred and be continuing (and not waived by Parent or the Purchaser in their sole discretion), and the obligation of the Purchaser to accept for payment, purchase and pay for Shares validly tendered and not withdrawn pursuant to the Offer shall be subject only to: (i) there being validly tendered in the Offer and not properly withdrawn prior to the Expiration Date that number of Shares which, together with the number of Shares (if any) then owned of record by Parent or the Purchaser or with respect to which Parent or the Purchaser otherwise has, directly or indirectly, sole voting power, represents at least a majority of the Common Shares then outstanding (determined on a Fully Diluted Basis) (the \u201cMinimum Condition\u201d); and (ii) the satisfaction, or waiver by Parent or the Purchaser, of the other conditions and requirements set forth in Annex I.\n(b) Subject to the satisfaction of the Minimum Condition and the satisfaction, or waiver by Parent or the Purchaser, of the other conditions and requirements set forth in Annex I, the Purchaser shall (and Parent shall cause the Purchaser to) accept for payment and pay for all Shares validly tendered and not properly withdrawn pursuant to the Offer as promptly as practicable after Purchaser is legally permitted to do so under applicable Law. For the avoidance of doubt, the Acceptance Time shall not occur (and Purchaser may not accept for payment any Shares tendered pursuant to the Offer) prior to the Initial Expiration Date or if the Minimum Condition is not satisfied. The Common Offer Price and Preferred Offer Price payable in respect of each Common Share and Preferred Share, respectively, validly tendered and not properly withdrawn pursuant to the Offer shall be paid net to the seller in cash, without interest, subject to any withholding of Taxes required by applicable Law in accordance with Section 2.2(e).\n(c) The Offer shall be made by means of an offer to purchase (the \u201cOffer to Purchase\u201d) that describes the terms and conditions of the Offer in accordance with this Agreement, including the Minimum Condition and the other conditions and requirements set forth in Annex I. Parent and the Purchaser expressly reserve the right to increase the Common Offer Price and the Preferred Offer Price in proportion to each other or to make any other changes in the terms and conditions of the Offer; provided, however, that unless otherwise contemplated by this Agreement or as previously approved by the Company in writing, the Purchaser shall not (i) decrease the Common Offer Price or the Preferred Offer Price, (ii) change the form of consideration payable in the Offer, (iii) reduce the maximum number of Shares to be purchased in the Offer, (iv) amend or waive the Minimum Condition, (v) amend or modify any term, condition or requirement of the Offer in a manner adverse to the holders of Shares, (vi) add any additional condition to the Offer or (vii) extend or change the Expiration Date in a manner other than in accordance with this Agreement.\n(d) Unless extended in accordance with the terms of this Agreement, the Offer shall expire at midnight (New York City time) on the date that is twenty (20) Business Days following the commencement of the Offer (the \u201cInitial Expiration Date\u201d) or, if the Initial Expiration Date has been extended in accordance with this Agreement, the date on which the Offer has been so extended (the Initial Expiration Date, or such later date to which the Initial Expiration Date has been extended in accordance with this Agreement, the \u201cExpiration Date\u201d).\n(e) If on or prior to any then scheduled Expiration Date, all of the conditions to the Offer (including the Minimum Condition and the other conditions and requirements set forth in Annex I) have not been satisfied, or waived by Parent or the Purchaser, the Purchaser may, and, if requested by the Company, shall (and Parent shall cause the Purchaser to) extend the Offer for successive periods of up to ten (10) Business Days each, the length of each such period to be determined by Parent in its sole discretion, in order to permit the satisfaction of such conditions; provided, however, that neither Parent nor the Purchaser shall be required to extend the Offer (i) beyond April 22, 2011 (the \u201cOutside Date\u201d), (ii) if either of the conditions set forth in clause (c)(iii) or (c)(iv) of Annex I are not at such time satisfied in accordance with this Agreement (other than any such conditions that are not so satisfied or waived under circumstances in which the breach or breaches preventing such conditions from being satisfied may, by their nature, be cured by the Company through the exercise of its reasonable efforts for a period not greater than forty-five (45) days, in which case the Company may (if all other conditions set forth in clauses (c)(iii) and (c)(iv) of Annex I are satisfied) request one or more extensions of the Offer pursuant to this sentence for up to forty-five (45) days in the aggregate) or (iii) after the Company delivers or is required to deliver to Parent a notice with respect to an Acquisition Proposal that has been received by the Company in accordance with Section 5.4(c), except to the extent that (A) prior to the expiration of the Offer the Acquisition Proposal giving rise to such notice has been withdrawn or the Company Board has rejected the Acquisition Proposal giving rise to such notice and, in each case, the Company Board has reconfirmed the Company Board Recommendation and the withdrawal or rejection of such Acquisition Proposal, and the reconfirmation of the Company Board Recommendation has been publicly announced by the Company or (B) less than three (3) Business Days have elapsed since the Company has received such Acquisition Proposal and there has not been a Change of Board Recommendation. In addition, the Purchaser shall extend the Offer (i) for any period or periods required by applicable Law or applicable rules, regulations, interpretations or positions of the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) or its staff or (ii) following Parent\u2019s receipt of written notice from the Company within the three (3) Business Day period immediately preceding (and including) the Expiration Date advising Parent that the Company Board intends to make a Change of Board Recommendation or terminate this Agreement pursuant to Section 5.4(d), until (and including) the third (3rd) Business Day following the date of such receipt.\n(f) If necessary to obtain sufficient Common Shares and Preferred Shares to reach the Short Form Threshold (without regard to the exercise of the Top-Up Option), the Purchaser may, and, if requested by the Company, shall (and shall cause the Purchaser to), provide for a \u201csubsequent offering period\u201d in accordance with Rule 14d-11 under the Exchange Act of at least three (3) Business Days. Subject to the terms and conditions of this Agreement and the Offer, the Purchaser shall (and Parent shall cause the Purchaser to) immediately accept for payment, and pay for, all Shares that are validly tendered pursuant to the Offer during such \u201csubsequent offering period\u201d. The Offer Documents will provide for the possibility of a \u201csubsequent offering period\u201d in a manner consistent with the terms of this Section 1.1(f).\n(g) The Purchaser shall not terminate the Offer prior to any scheduled Expiration Date without the prior written consent of the Company, except if this Agreement is terminated pursuant to Article 7. If this Agreement is terminated pursuant to Article 7, the Purchaser shall (and Parent shall cause the Purchaser to) promptly (and in any event within 24 hours of such termination), irrevocably and unconditionally terminate the Offer. If the Offer is terminated or withdrawn by the Purchaser, or this Agreement is terminated prior to the purchase of Shares in the Offer, the Purchaser shall promptly return, and shall cause any depositary acting on behalf of the Purchaser to return, in accordance with applicable Law, all tendered Shares to the registered holders thereof.\n(h) As soon as practicable on the date of the commencement of the Offer, Parent and the Purchaser shall file with the SEC, in accordance with Rule 14d-3 under the Exchange Act, a Tender Offer Statement on Schedule TO with respect to the Offer (together with all amendments, supplements and exhibits thereto, the \u201cSchedule TO\u201d). The Schedule TO shall include, as exhibits, the Offer to Purchase, a form of letter of transmittal and a form of summary advertisement (collectively, together with any amendments and supplements thereto, the \u201cOffer Documents\u201d). Parent and the Purchaser agree to cause the Offer Documents to be disseminated to holders of Shares, as and to the extent required by the Exchange Act. Parent and the Purchaser, on the one hand, and the Company, on the other hand, agree to promptly correct any information provided by it for use in the Offer Documents, if and to the extent that it shall have become false or misleading in any material respect or as otherwise required by applicable Law, and Parent and the Purchaser agree to cause the Offer Documents, as so corrected, to be filed with the SEC and disseminated to holders of Shares, in each case as and to the extent required by the Exchange Act. The Company and its counsel shall be given a reasonable opportunity to review the Schedule TO and the Offer Documents before they are filed with the SEC, and Parent and the Purchaser shall give due consideration to the reasonable additions, deletions or changes suggested thereto by the Company and its counsel. In addition, Parent and the Purchaser shall provide the Company and its counsel with copies of any written comments, and shall inform them of any oral comments, that Parent, the Purchaser or their counsel may receive from time to time from the SEC or its staff with respect to the Schedule TO or the Offer Documents promptly after receipt of such comments, and any written or oral responses thereto. The Company and its counsel shall be given a reasonable opportunity to review any such written responses and Parent and the Purchaser shall give due consideration to the reasonable additions, deletions or changes suggested thereto by the Company and its counsel.", "snippet_links": [{"key": "business-days", "type": "clause", "offset": [65, 78]}, {"key": "date-hereof", "type": "clause", "offset": [90, 101]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [103, 122]}, {"key": "meaning-of", "type": "definition", "offset": [186, 196]}, {"key": "securities-exchange-act-of-1934", "type": "definition", "offset": [218, 249]}, {"key": "as-amended", "type": "definition", "offset": [251, 261]}, {"key": "rules-and-regulations", "type": "clause", "offset": [271, 292]}, {"key": "the-offer-to-purchase", "type": "clause", "offset": [338, 359]}, {"key": "outstanding-common-shares", "type": "definition", "offset": [368, 393]}, {"key": "offer-price", "type": "clause", "offset": [408, 419]}, {"key": "outstanding-preferred-shares", "type": "definition", "offset": [432, 460]}, {"key": "the-preferred", "type": "clause", "offset": [464, 477]}, {"key": "obligation-of-the-purchaser", "type": "clause", "offset": [495, 522]}, {"key": "subject-only", "type": "definition", "offset": [554, 566]}, {"key": "the-events", "type": "clause", "offset": [597, 607]}, {"key": "in-clauses", "type": "clause", "offset": [618, 628]}, {"key": "annex-i", "type": "definition", "offset": [655, 662]}, {"key": "not-waived", "type": "clause", "offset": [713, 723]}, {"key": "sole-discretion", "type": "clause", "offset": [760, 775]}, {"key": "for-payment", "type": "clause", "offset": [824, 835]}, {"key": "pay-for", "type": "definition", "offset": [850, 857]}, {"key": "pursuant-to-the", "type": "definition", "offset": [900, 915]}, {"key": "prior-to-the", "type": "clause", "offset": [1021, 1033]}, {"key": "of-record", "type": "definition", "offset": [1134, 1143]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [1235, 1257]}, {"key": "voting-power", "type": "definition", "offset": [1264, 1276]}, {"key": "majority-of-the-common-shares", "type": "definition", "offset": [1300, 1329]}, {"key": "fully-diluted-basis", "type": "definition", "offset": [1364, 1383]}, {"key": "minimum-condition", "type": "clause", "offset": [1391, 1408]}, {"key": "waiver-by-parent", "type": "clause", "offset": [1442, 1458]}, {"key": "other-conditions-and-requirements", "type": "clause", "offset": [1484, 1517]}, {"key": "satisfaction-of", "type": "clause", "offset": [1559, 1574]}, {"key": "all-shares", "type": "clause", "offset": [1813, 1823]}, {"key": "legally-permitted", "type": "clause", "offset": [1936, 1953]}, {"key": "applicable-law", "type": "definition", "offset": [1969, 1983]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1985, 2011]}, {"key": "acceptance-time", "type": "clause", "offset": [2017, 2032]}, {"key": "initial-expiration-date", "type": "definition", "offset": [2147, 2170]}, {"key": "price-payable", "type": "clause", "offset": [2260, 2273]}, {"key": "in-respect-of", "type": "definition", "offset": [2274, 2287]}, {"key": "to-the-seller", "type": "definition", "offset": [2425, 2438]}, {"key": "withholding-of-taxes", "type": "definition", "offset": [2481, 2501]}, {"key": "required-by", "type": "definition", "offset": [2502, 2513]}, {"key": "in-accordance-with", "type": "clause", "offset": [2529, 2547]}, {"key": "terms-and-conditions-of-the-offer", "type": "clause", "offset": [2670, 2703]}, {"key": "and-the-purchaser", "type": "clause", "offset": [2842, 2859]}, {"key": "right-to", "type": "definition", "offset": [2882, 2890]}, {"key": "changes-in", "type": "clause", "offset": [3002, 3012]}, {"key": "agreement-or", "type": "definition", "offset": [3114, 3126]}, {"key": "approved-by", "type": "definition", "offset": [3141, 3152]}, {"key": "in-writing", "type": "clause", "offset": [3165, 3175]}, {"key": "consideration-payable", "type": "definition", "offset": [3291, 3312]}, {"key": "number-of-shares-to-be-purchased", "type": "clause", "offset": [3352, 3384]}, {"key": "amend-or-waive", "type": "clause", "offset": [3404, 3418]}, {"key": "holders-of-shares", "type": "clause", "offset": [3537, 3554]}, {"key": "additional-condition", "type": "clause", "offset": [3569, 3589]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [3750, 3773]}, {"key": "new-york-city-time", "type": "clause", "offset": [3811, 3829]}, {"key": "following-the", "type": "definition", "offset": [3877, 3890]}, {"key": "commencement-of-the-offer", "type": "clause", "offset": [3891, 3916]}, {"key": "scheduled-expiration-date", "type": "definition", "offset": [4280, 4305]}, {"key": "conditions-to-the-offer", "type": "clause", "offset": [4318, 4341]}, {"key": "the-purchaser-may", "type": "clause", "offset": [4502, 4519]}, {"key": "requested-by", "type": "definition", "offset": [4529, 4541]}, {"key": "periods-of", "type": "clause", "offset": [4635, 4645]}, {"key": "length-of", "type": "clause", "offset": [4685, 4694]}, {"key": "to-be-determined", "type": "definition", "offset": [4712, 4728]}, {"key": "in-order-to", "type": "clause", "offset": [4763, 4774]}, {"key": "neither-parent", "type": "definition", "offset": [4843, 4857]}, {"key": "to-extend", "type": "clause", "offset": [4894, 4903]}, {"key": "outside-date", "type": "clause", "offset": [4946, 4958]}, {"key": "reasonable-efforts", "type": "definition", "offset": [5353, 5371]}, {"key": "extensions-of-the-offer", "type": "clause", "offset": [5567, 5590]}, {"key": "in-the-aggregate", "type": "definition", "offset": [5648, 5664]}, {"key": "after-the-company", "type": "definition", "offset": [5675, 5692]}, {"key": "to-parent", "type": "definition", "offset": [5728, 5737]}, {"key": "a-notice", "type": "definition", "offset": [5738, 5746]}, {"key": "with-respect-to-an", "type": "clause", "offset": [5747, 5765]}, {"key": "acquisition-proposal", "type": "definition", "offset": [5766, 5786]}, {"key": "received-by-the-company", "type": "definition", "offset": [5801, 5824]}, {"key": "except-to-the-extent", "type": "clause", "offset": [5860, 5880]}, {"key": "expiration-of-the-offer", "type": "clause", "offset": [5903, 5926]}, {"key": "the-acquisition", "type": "clause", "offset": [5927, 5942]}, {"key": "the-company-board", "type": "clause", "offset": [6001, 6018]}, {"key": "each-case", "type": "definition", "offset": [6092, 6101]}, {"key": "company-board-recommendation", "type": "clause", "offset": [6141, 6169]}, {"key": "publicly-announced", "type": "definition", "offset": [6300, 6318]}, {"key": "the-company-has", "type": "definition", "offset": [6394, 6409]}, {"key": "change-of-board-recommendation", "type": "definition", "offset": [6470, 6500]}, {"key": "in-addition", "type": "clause", "offset": [6502, 6513]}, {"key": "applicable-rules", "type": "definition", "offset": [6612, 6628]}, {"key": "the-us", "type": "clause", "offset": [6675, 6682]}, {"key": "securities-and-exchange-commission", "type": "clause", "offset": [6684, 6718]}, {"key": "its-staff", "type": "definition", "offset": [6734, 6743]}, {"key": "notice-from-the-company", "type": "clause", "offset": [6790, 6813]}, {"key": "business-day-period", "type": "definition", "offset": [6835, 6854]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [7004, 7028]}, {"key": "pursuant-to-section", "type": "clause", "offset": [7029, 7048]}, {"key": "date-of", "type": "clause", "offset": [7122, 7129]}, {"key": "short-form-threshold", "type": "definition", "offset": [7230, 7250]}, {"key": "exercise-of-the", "type": "clause", "offset": [7274, 7289]}, {"key": "up-option", "type": "clause", "offset": [7294, 7303]}, {"key": "provide-for-a", "type": "definition", "offset": [7401, 7414]}, {"key": "subsequent-offering-period", "type": "definition", "offset": [7416, 7442]}, {"key": "the-exchange-act", "type": "definition", "offset": [7481, 7497]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [7550, 7588]}, {"key": "the-offer-documents", "type": "clause", "offset": [7812, 7831]}, {"key": "will-provide", "type": "clause", "offset": [7832, 7844]}, {"key": "consistent-with-the", "type": "clause", "offset": [7911, 7930]}, {"key": "consent-of-the-company", "type": "clause", "offset": [8074, 8096]}, {"key": "pursuant-to-article-7", "type": "clause", "offset": [8137, 8158]}, {"key": "hours-of", "type": "clause", "offset": [8314, 8322]}, {"key": "by-the-purchaser", "type": "clause", "offset": [8435, 8451]}, {"key": "purchase-of-shares-in-the-offer", "type": "clause", "offset": [8498, 8529]}, {"key": "on-behalf-of", "type": "definition", "offset": [8606, 8618]}, {"key": "tendered-shares", "type": "definition", "offset": [8683, 8698]}, {"key": "registered-holders", "type": "clause", "offset": [8706, 8724]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [8738, 8760]}, {"key": "tender-offer-statement", "type": "clause", "offset": [8913, 8935]}, {"key": "schedule-to", "type": "clause", "offset": [8939, 8950]}, {"key": "the-schedule", "type": "clause", "offset": [9062, 9074]}, {"key": "letter-of-transmittal", "type": "clause", "offset": [9139, 9160]}, {"key": "amendments-and-supplements", "type": "clause", "offset": [9230, 9256]}, {"key": "agree-to", "type": "clause", "offset": [9315, 9323]}, {"key": "documents-to-be", "type": "clause", "offset": [9340, 9355]}, {"key": "to-holders", "type": "clause", "offset": [9369, 9379]}, {"key": "by-the-exchange", "type": "clause", "offset": [9421, 9436]}, {"key": "and-the-company", "type": "clause", "offset": [9485, 9500]}, {"key": "the-other-hand", "type": "clause", "offset": [9505, 9519]}, {"key": "information-provided-by", "type": "clause", "offset": [9551, 9574]}, {"key": "false-or-misleading", "type": "definition", "offset": [9657, 9676]}, {"key": "material-respect", "type": "definition", "offset": [9684, 9700]}, {"key": "reasonable-opportunity-to-review", "type": "clause", "offset": [10000, 10032]}, {"key": "due-consideration", "type": "definition", "offset": [10149, 10166]}, {"key": "provide-the", "type": "clause", "offset": [10311, 10322]}, {"key": "copies-of", "type": "definition", "offset": [10352, 10361]}, {"key": "written-comments", "type": "definition", "offset": [10366, 10382]}, {"key": "from-time-to-time", "type": "clause", "offset": [10484, 10501]}, {"key": "after-receipt-of", "type": "clause", "offset": [10592, 10608]}, {"key": "written-responses", "type": "clause", "offset": [10754, 10771]}], "size": 83, "samples": [{"hash": "782MQix6sFN", "uri": "/contracts/782MQix6sFN#the-offer", "label": "Merger Agreement", "score": 31.3408622742, "published": true}, {"hash": "hlE4k7wODIt", "uri": "/contracts/hlE4k7wODIt#the-offer", "label": "Merger Agreement (General Electric Co)", "score": 21.8323059082, "published": true}, {"hash": "34Av5R3PhvS", "uri": "/contracts/34Av5R3PhvS#the-offer", "label": "Merger Agreement (Clarient, Inc)", "score": 21.8049278259, "published": true}], "hash": "c723773e30cca12097037dfd8ad26617", "id": 7}, {"snippet": "(a) Provided that this Agreement shall not have been terminated in accordance with Article VII and none of the events set forth in Annex A hereto (the \u201cTender Offer Conditions\u201d) shall have occurred and be existing, as promptly as practicable after public announcement of this Agreement, Parent shall cause Sub to commence (within the meaning of Rule 14d-2 promulgated under the Exchange Act) the Offer to acquire any and all Shares at the Offer Price. Subject to the Minimum Condition and subject to the other Tender Offer Conditions hereto, Sub shall use all reasonable efforts to consummate the Offer in accordance with its terms and to accept for payment and pay for Shares tendered pursuant to the Offer as soon as Sub is legally permitted to do so under applicable Law. With respect to such Shares, the Offer Price shall be net to the seller thereof in cash, subject to reduction for any applicable state, federal or foreign withholding or transfer taxes and otherwise subject to the terms and conditions of this Agreement. The Offer shall be made by means of an offer to purchase (the \u201cOffer to Purchase\u201d) and shall be subject to the Minimum Condition and the other Tender Offer Conditions and shall reflect, as appropriate, the other terms set forth in this Agreement. The obligation of Sub to accept for payment or pay for any Shares tendered pursuant to the Offer will be subject only to the satisfaction of the Tender Offer Conditions. Sub expressly reserves the right to waive any condition to the Offer or amend or modify the terms of the Offer, except that, without the prior written consent of the Company, Sub shall not (i) decrease the Offer Price, (ii) change the form of consideration payable in the Offer, (iii) reduce the number of Shares subject to the Offer, (iv) waive the Minimum Condition, (v) modify or add conditions to the Tender Offer Conditions which otherwise adversely affect the holders of the Shares, or (vi) except as provided in Section 1.1(b), extend the Offer. The Offer shall remain open until 5:00 p.m., New York City time, on the day immediately following the twentieth business day (as such term is defined in Rule 14d-1(g)(3) under the Exchange Act) after the commencement of the Offer, unless Sub shall have extended the period of time for which the Offer is open, in accordance with Section 1.1(b) or as may be required by applicable Law.\n(b) If on the scheduled expiration date of the Offer (or as such date may be extended pursuant to this Section 1.1(b)), all conditions to the Offer have not been satisfied or waived, Sub may, from time to time, in its sole discretion, extend the expiration date of the Offer; provided, however, that Sub may only extend the Offer for a period not to exceed ten business days (a \u201cTen Day Extension\u201d) and that Sub may not make more than three Ten Day Extensions without the prior consent of the Company, which consent shall not be unreasonably withheld, delayed or conditioned. If, immediately prior to the expiration date of the Offer (as it may be extended), the Shares tendered and not withdrawn pursuant to the Offer constitute less than 90% of the outstanding Shares (on a fully diluted basis), Sub may extend the Offer, on one or more occasions, for an aggregate period of not more than ten business days, notwithstanding that all conditions to the Offer are satisfied as of such expiration date of the Offer; provided, however, that Sub may not extend the Offer pursuant to this sentence beyond September 15, 2003. In addition, Sub may extend the Offer for any reason for up to two business days; provided that no more than three such extensions are permitted and provided further that if all the conditions to the Offer have been met as of the expiration of the Offer, Sub may not extend the Offer pursuant to this sentence beyond September 15, 2003. Sub may, but shall not have the obligation to, increase the amount it offers to pay per Share in the Offer, and the Offer may be extended to the extent required by Law in connection with such increase, in each case without the consent of the Company. Following expiration of the Offer, Sub may, but is not obligated to, make available a subsequent offering period in accordance with the Exchange Act.\n(c) On the date the Offer is commenced, Parent and Sub shall file with the Securities and Exchange Commission (the \u201cCommission\u201d) a Tender Offer Statement on Schedule TO (the \u201cSchedule TO\u201d) and all other necessary documents and make all deliveries, mailings and telephone notices required by Rule 14d-3 under the Exchange Act with respect to the Offer. The Schedule TO will include, as exhibits, the Offer to Purchase, a form of letter of transmittal and any other documents required by the Exchange Act. The Schedule TO together with all exhibits thereto and any amendments or supplements thereto are hereinafter referred to collectively as the \u201cOffer Documents.\u201d Each of Parent and Sub, on the one hand, and the Company, on the other, shall promptly correct any information provided by it for use in the Offer Documents if and to the extent that such information shall have become false or misleading in any material respect, and each of Parent and Sub shall take all steps necessary to amend or supplement the Offer Documents and to cause the Offer Documents as so amended or supplemented to be filed with the Commission and to be disseminated to the Company\u2019s stockholders, in each case as and to the extent required by applicable federal securities laws. The Company and its counsel shall be given the opportunity to review and suggest comments to the Offer Documents before they are filed with the Commission. In addition, Parent and Sub agree to provide the Company and its counsel with any comments, whether written or oral, that Parent or Sub may receive from time to time from the Commission or its staff with respect to the Offer Documents promptly after the receipt of such comments or other communications and shall give the Company and its counsel the opportunity to review and suggest comments to any such communications.\n(d) Parent and Sub will take all steps necessary to cause the Offer Documents to be disseminated to holders of Shares, in each case as and to the extent required by applicable federal securities laws.\n(e) Parent shall provide or cause to be provided to Sub on a timely basis the funds necessary to purchase any Shares that Sub becomes obligated to purchase pursuant to the Offer. Sub shall, and Parent shall cause Sub to, pay for all Shares validly tendered and not withdrawn pursuant to the Offer that Sub becomes obligated to purchase pursuant to the Offer as soon as practicable after the expiration of the Offer.", "snippet_links": [{"key": "provided-that", "type": "clause", "offset": [4, 17]}, {"key": "in-accordance-with", "type": "clause", "offset": [64, 82]}, {"key": "article-vii", "type": "definition", "offset": [83, 94]}, {"key": "the-events", "type": "clause", "offset": [107, 117]}, {"key": "annex-a", "type": "definition", "offset": [131, 138]}, {"key": "tender-offer-conditions", "type": "definition", "offset": [152, 175]}, {"key": "public-announcement", "type": "clause", "offset": [248, 267]}, {"key": "meaning-of", "type": "definition", "offset": [334, 344]}, {"key": "the-exchange-act", "type": "definition", "offset": [374, 390]}, {"key": "offer-to-acquire", "type": "definition", "offset": [396, 412]}, {"key": "all-shares", "type": "clause", "offset": [421, 431]}, {"key": "the-offer-price", "type": "clause", "offset": [435, 450]}, {"key": "minimum-condition", "type": "clause", "offset": [467, 484]}, {"key": "efforts-to-consummate", "type": "clause", "offset": [571, 592]}, {"key": "for-payment", "type": "clause", "offset": [646, 657]}, {"key": "pay-for", "type": "definition", "offset": [662, 669]}, {"key": "pursuant-to-the", "type": "definition", "offset": [686, 701]}, {"key": "legally-permitted", "type": "clause", "offset": [726, 743]}, {"key": "applicable-law", "type": "definition", "offset": [759, 773]}, {"key": "with-respect-to", "type": "clause", "offset": [775, 790]}, {"key": "to-the-seller", "type": "definition", "offset": [833, 846]}, {"key": "applicable-state", "type": "definition", "offset": [893, 909]}, {"key": "foreign-withholding", "type": "clause", "offset": [922, 941]}, {"key": "taxes-and", "type": "clause", "offset": [954, 963]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [989, 1027]}, {"key": "other-terms", "type": "definition", "offset": [1235, 1246]}, {"key": "in-this-agreement", "type": "clause", "offset": [1257, 1274]}, {"key": "the-obligation", "type": "clause", "offset": [1276, 1290]}, {"key": "subject-only", "type": "definition", "offset": [1381, 1393]}, {"key": "satisfaction-of", "type": "clause", "offset": [1401, 1416]}, {"key": "the-tender-offer", "type": "clause", "offset": [1417, 1433]}, {"key": "to-waive-any", "type": "clause", "offset": [1479, 1491]}, {"key": "terms-of-the-offer", "type": "definition", "offset": [1538, 1556]}, {"key": "consent-of-the-company", "type": "clause", "offset": [1597, 1619]}, {"key": "consideration-payable", "type": "definition", "offset": [1689, 1710]}, {"key": "number-of-shares-subject", "type": "clause", "offset": [1742, 1766]}, {"key": "adversely-affect", "type": "definition", "offset": [1891, 1907]}, {"key": "the-holders", "type": "clause", "offset": [1908, 1919]}, {"key": "the-shares", "type": "clause", "offset": [1923, 1933]}, {"key": "except-as-provided-in", "type": "clause", "offset": [1943, 1964]}, {"key": "new-york-city-time", "type": "clause", "offset": [2044, 2062]}, {"key": "the-day", "type": "definition", "offset": [2067, 2074]}, {"key": "following-the", "type": "definition", "offset": [2087, 2100]}, {"key": "commencement-of-the-offer", "type": "clause", "offset": [2203, 2228]}, {"key": "period-of-time", "type": "clause", "offset": [2265, 2279]}, {"key": "date-of", "type": "clause", "offset": [2419, 2426]}, {"key": "conditions-to-the-offer", "type": "clause", "offset": [2508, 2531]}, {"key": "from-time-to-time", "type": "clause", "offset": [2576, 2593]}, {"key": "sole-discretion", "type": "clause", "offset": [2602, 2617]}, {"key": "not-to-exceed", "type": "definition", "offset": [2727, 2740]}, {"key": "business-days", "type": "clause", "offset": [2745, 2758]}, {"key": "prior-consent", "type": "clause", "offset": [2856, 2869]}, {"key": "prior-to-the", "type": "clause", "offset": [2976, 2988]}, {"key": "outstanding-shares", "type": "definition", "offset": [3135, 3153]}, {"key": "fully-diluted-basis", "type": "definition", "offset": [3160, 3179]}, {"key": "aggregate-period", "type": "definition", "offset": [3241, 3257]}, {"key": "in-addition", "type": "clause", "offset": [3504, 3515]}, {"key": "for-any-reason", "type": "clause", "offset": [3542, 3556]}, {"key": "the-conditions", "type": "clause", "offset": [3682, 3696]}, {"key": "expiration-of-the-offer", "type": "clause", "offset": [3734, 3757]}, {"key": "obligation-to", "type": "clause", "offset": [3873, 3886]}, {"key": "to-pay", "type": "clause", "offset": [3918, 3924]}, {"key": "to-the-extent", "type": "clause", "offset": [3979, 3992]}, {"key": "required-by-law", "type": "clause", "offset": [3993, 4008]}, {"key": "in-connection-with", "type": "clause", "offset": [4009, 4027]}, {"key": "each-case", "type": "definition", "offset": [4046, 4055]}, {"key": "make-available", "type": "definition", "offset": [4161, 4175]}, {"key": "subsequent-offering-period", "type": "definition", "offset": [4178, 4204]}, {"key": "parent-and-sub", "type": "clause", "offset": [4282, 4296]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [4313, 4351]}, {"key": "tender-offer-statement", "type": "clause", "offset": [4373, 4395]}, {"key": "schedule-to", "type": "clause", "offset": [4399, 4410]}, {"key": "other-necessary-documents", "type": "clause", "offset": [4439, 4464]}, {"key": "notices-required", "type": "clause", "offset": [4513, 4529]}, {"key": "the-schedule", "type": "clause", "offset": [4594, 4606]}, {"key": "the-offer-to-purchase", "type": "clause", "offset": [4637, 4658]}, {"key": "letter-of-transmittal", "type": "clause", "offset": [4670, 4691]}, {"key": "other-documents-required", "type": "clause", "offset": [4700, 4724]}, {"key": "by-the-exchange", "type": "clause", "offset": [4725, 4740]}, {"key": "amendments-or-supplements", "type": "clause", "offset": [4805, 4830]}, {"key": "and-the-company", "type": "clause", "offset": [4947, 4962]}, {"key": "information-provided-by", "type": "clause", "offset": [5005, 5028]}, {"key": "the-offer-documents", "type": "clause", "offset": [5043, 5062]}, {"key": "such-information", "type": "definition", "offset": [5089, 5105]}, {"key": "false-or-misleading", "type": "definition", "offset": [5124, 5143]}, {"key": "material-respect", "type": "definition", "offset": [5151, 5167]}, {"key": "to-amend", "type": "definition", "offset": [5227, 5235]}, {"key": "the-commission", "type": "clause", "offset": [5350, 5364]}, {"key": "to-the-company", "type": "definition", "offset": [5388, 5402]}, {"key": "applicable-federal-securities-laws", "type": "definition", "offset": [5465, 5499]}, {"key": "opportunity-to-review", "type": "clause", "offset": [5548, 5569]}, {"key": "provide-the", "type": "clause", "offset": [5694, 5705]}, {"key": "its-staff", "type": "definition", "offset": [5846, 5855]}, {"key": "receipt-of", "type": "clause", "offset": [5911, 5921]}, {"key": "other-communications", "type": "clause", "offset": [5939, 5959]}, {"key": "documents-to-be", "type": "clause", "offset": [6146, 6161]}, {"key": "holders-of-shares", "type": "clause", "offset": [6178, 6195]}, {"key": "funds-necessary", "type": "clause", "offset": [6357, 6372]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [6637, 6659]}], "size": 72, "samples": [{"hash": "5bggATRyPVS", "uri": "/contracts/5bggATRyPVS#the-offer", "label": "Merger Agreement (Mercator Software Inc)", "score": 21.0, "published": true}, {"hash": "2tjypYM4uqO", "uri": "/contracts/2tjypYM4uqO#the-offer", "label": "Merger Agreement (Ascential Software Corp)", "score": 21.0, "published": true}], "hash": "ee775bfd6c362aaac6e669187dcc206c", "id": 8}, {"snippet": "(a) Within a reasonable period of time after the date of the execution of this Agreement, Parent shall cause Merger Subsidiary to commence (within the meaning of Rule 14d-2 under the Securities Exchange Act of 1934, as amended (the \"Exchange Act\")), and Merger Subsidiary shall commence, the Offer. Parent shall use its best efforts to cause Merger Subsidiary to commence the Offer no later than the fifth business day after the execution of this Agreement. The obligation of Merger Subsidiary to accept for payment and pay for Shares tendered pursuant to the Offer shall be subject to only those conditions set forth in Annex A (any of which may be waived by Merger Subsidiary in its sole discretion; provided, however, that, without the consent of the Company, except as contemplated by Section 1.01(e), Merger Subsidiary shall not waive the Minimum Tender Condition (as defined in Annex A)). Subject to the terms of the Offer and this Agreement and the satisfaction or earlier waiver of all the conditions of the Offer set forth in Annex A as of any expiration date of the Offer, Merger Subsidiary shall accept for payment and pay for all Shares validly tendered and not withdrawn pursuant to the Offer as soon as practicable after it is permitted to do so under applicable law.\n(b) As soon as practicable on the date of commencement of the Offer, Parent and Merger Subsidiary shall file with the Securities and Exchange Commission (the \"SEC\") with respect to the Offer a Tender Offer Statement on Schedule TO (together with all amendments and supplements thereto, the \"Schedule TO\"), which will comply in all material respects with the provisions of applicable federal securities laws and will contain an offer to purchase relating to the Offer (the \"Offer to Purchase\") and forms of related letters of transmittal and summary advertisement (which documents, together with any supplements or amendments thereto, are referred to herein collectively as the \"Offer Documents\"). Parent and Merger Subsidiary shall make all filings required by applicable state law relating to the Offer (the \"State Filings\") as and when required by applicable state law. Parent and Merger Subsidiary will deliver copies of the proposed forms of the Schedule TO, the Offer Documents and the State Filings (as well as any change thereto) to the Company within a reasonable time prior to the commencement of the Offer for prompt review and comment by the Company and its counsel. Parent and Merger Subsidiary will provide the Company and its counsel in writing any comments that Merger Subsidiary, Parent or their counsel may receive from the SEC or its staff or any applicable state authority with respect to the Offer Documents or the State Filings promptly after the receipt thereof. Parent and Merger Subsidiary shall promptly correct any information in the Schedule TO, the Offer Documents or the State Filings that shall have become false or misleading in any material respect and take all steps necessary to cause such Schedule TO, Offer Documents or State Filings as so corrected to be filed with the SEC and any applicable state authority and disseminated to the stockholders of the Company, as and to the extent required by applicable law. Parent and Merger Subsidiary will provide copies of any amendments or supplements to the Offer Documents, the Schedule TO or the State Filings prior to any filing of such amendments or supplements with the SEC or any applicable state authority in order to provide the Company and its counsel with a reasonable opportunity to review and comment.\n(c) Each of Parent and Merger Subsidiary expressly reserves the right to modify the terms of the Offer, except that neither Parent nor Merger Subsidiary shall, without the prior written consent of the Company, decrease the price per Share payable in the Offer, change the form of consideration payable in the Offer, decrease the number of Shares sought pursuant to the Offer (except as contemplated by Section 1.01(e)), change or modify the conditions to the Offer in a manner adverse to the Company or holders of Shares, impose additional conditions to the Offer, or amend any term of the Offer in any manner adverse to the Company or holders of Shares. Notwithstanding the foregoing, Merger Subsidiary, without the consent of the Company, (i) shall extend the Offer, if at the then scheduled expiration date of the Offer any of the conditions to Merger Subsidiary's obligation to accept for payment and pay for Shares shall not have been satisfied, until such time as such condition is satisfied, if such condition may in the reasonable judgment of Merger Subsidiary be satisfied in a time period reasonable for such satisfaction, and (ii) may extend the Offer for any period required by any rule, regulation, interpretation or position of the SEC or the staff thereof applicable to the Offer. Each extension, if any, of the Offer pursuant to clause (i) of the preceding sentence shall not exceed the lesser of ten business days or such fewer number of days that Merger Subsidiary reasonably believes are necessary to cause the conditions of the Offer set forth in Annex A to be satisfied. Merger Subsidiary may provide for a \"subsequent offering period\" in accordance with Rule 14d-11 under the Exchange Act with the prior consent of the Company (such consent not to be unreasonably withheld). Notwithstanding the foregoing, Merger Subsidiary shall have no obligation to extend the Offer if the condition to the Offer set forth in Section (c)(x) of the Annex A is not satisfied at the scheduled expiration date of the Offer.\n(d) On or prior to the date that Merger Subsidiary becomes obligated to accept for payment and pay for Shares pursuant to the Offer, Parent will provide or cause to be provided to Merger Subsidiary the funds necessary to pay for all Shares that Merger Subsidiary becomes obligated to accept for payment and pay for pursuant to the Offer.\n(e) Notwithstanding anything to the contrary in this Agreement, Merger Subsidiary may waive the Minimum Tender Condition (as defined in Annex A) without the consent of the Company as long as Merger Subsidiary is permitted by applicable law to and does exercise the Option (as defined in the Stockholder Agreement) immediately following the consummation of the Offer and acquires title to all of the Shares subject thereto and thereafter promptly consummates the Merger.\n(f) The parties hereby agree that the initial scheduled expiration date of the Offer shall be June 14, 2000. The parties further agree that any extension of the expiration date of the Offer shall result in the Offer expiring on the twelfth business day after the end of a Company", "snippet_links": [{"key": "reasonable-period-of-time", "type": "clause", "offset": [13, 38]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [61, 88]}, {"key": "meaning-of", "type": "definition", "offset": [151, 161]}, {"key": "securities-exchange-act-of-1934", "type": "definition", "offset": [183, 214]}, {"key": "as-amended", "type": "definition", "offset": [216, 226]}, {"key": "subsidiary-shall", "type": "definition", "offset": [261, 277]}, {"key": "best-efforts", "type": "definition", "offset": [320, 332]}, {"key": "the-obligation", "type": "clause", "offset": [458, 472]}, {"key": "for-payment", "type": "clause", "offset": [504, 515]}, {"key": "pay-for", "type": "definition", "offset": [520, 527]}, {"key": "pursuant-to-the", "type": "definition", "offset": [544, 559]}, {"key": "annex-a", "type": "definition", "offset": [621, 628]}, {"key": "sole-discretion", "type": "clause", "offset": [685, 700]}, {"key": "consent-of-the-company", "type": "clause", "offset": [739, 761]}, {"key": "minimum-tender-condition", "type": "definition", "offset": [844, 868]}, {"key": "terms-of-the-offer", "type": "definition", "offset": [910, 928]}, {"key": "waiver-of", "type": "clause", "offset": [980, 989]}, {"key": "conditions-of-the-offer", "type": "clause", "offset": [998, 1021]}, {"key": "all-shares", "type": "clause", "offset": [1138, 1148]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [1206, 1228]}, {"key": "applicable-law", "type": "definition", "offset": [1266, 1280]}, {"key": "commencement-of-the-offer", "type": "clause", "offset": [1324, 1349]}, {"key": "parent-and-merger-subsidiary", "type": "clause", "offset": [1351, 1379]}, {"key": "the-securities-and-exchange-commission", "type": "clause", "offset": [1396, 1434]}, {"key": "with-respect-to", "type": "clause", "offset": [1447, 1462]}, {"key": "tender-offer-statement", "type": "clause", "offset": [1475, 1497]}, {"key": "schedule-to", "type": "clause", "offset": [1501, 1512]}, {"key": "amendments-and-supplements", "type": "clause", "offset": [1532, 1558]}, {"key": "in-all-material-respects", "type": "definition", "offset": [1606, 1630]}, {"key": "the-provisions-of", "type": "clause", "offset": [1636, 1653]}, {"key": "applicable-federal-securities-laws", "type": "definition", "offset": [1654, 1688]}, {"key": "offer-to-purchase", "type": "clause", "offset": [1709, 1726]}, {"key": "relating-to", "type": "definition", "offset": [1727, 1738]}, {"key": "letters-of-transmittal", "type": "clause", "offset": [1796, 1818]}, {"key": "supplements-or-amendments", "type": "clause", "offset": [1881, 1906]}, {"key": "required-by", "type": "definition", "offset": [2031, 2042]}, {"key": "applicable-state-law", "type": "definition", "offset": [2043, 2063]}, {"key": "state-filings", "type": "definition", "offset": [2092, 2105]}, {"key": "when-required", "type": "definition", "offset": [2115, 2128]}, {"key": "the-proposed", "type": "clause", "offset": [2206, 2218]}, {"key": "the-schedule", "type": "clause", "offset": [2228, 2240]}, {"key": "the-offer-documents", "type": "clause", "offset": [2245, 2264]}, {"key": "the-state", "type": "clause", "offset": [2269, 2278]}, {"key": "any-change", "type": "definition", "offset": [2299, 2309]}, {"key": "to-the-company", "type": "definition", "offset": [2319, 2333]}, {"key": "reasonable-time", "type": "definition", "offset": [2343, 2358]}, {"key": "prior-to-the-commencement", "type": "clause", "offset": [2359, 2384]}, {"key": "review-and-comment", "type": "clause", "offset": [2409, 2427]}, {"key": "by-the-company", "type": "clause", "offset": [2428, 2442]}, {"key": "provide-the", "type": "clause", "offset": [2494, 2505]}, {"key": "in-writing", "type": "clause", "offset": [2530, 2540]}, {"key": "its-staff", "type": "definition", "offset": [2630, 2639]}, {"key": "state-authority", "type": "definition", "offset": [2658, 2673]}, {"key": "false-or-misleading", "type": "definition", "offset": [2919, 2938]}, {"key": "authority-and", "type": "clause", "offset": [3118, 3131]}, {"key": "stockholders-of-the-company", "type": "clause", "offset": [3152, 3179]}, {"key": "to-the-extent", "type": "clause", "offset": [3188, 3201]}, {"key": "amendments-or-supplements", "type": "clause", "offset": [3286, 3311]}, {"key": "to-provide", "type": "definition", "offset": [3483, 3493]}, {"key": "reasonable-opportunity-to-review", "type": "clause", "offset": [3529, 3561]}, {"key": "right-to-modify", "type": "clause", "offset": [3639, 3654]}, {"key": "neither-parent", "type": "definition", "offset": [3691, 3705]}, {"key": "prior-written-consent", "type": "clause", "offset": [3747, 3768]}, {"key": "price-per-share", "type": "clause", "offset": [3798, 3813]}, {"key": "consideration-payable", "type": "definition", "offset": [3855, 3876]}, {"key": "number-of-shares", "type": "definition", "offset": [3904, 3920]}, {"key": "conditions-to-the-offer", "type": "clause", "offset": [4016, 4039]}, {"key": "holders-of-shares", "type": "clause", "offset": [4078, 4095]}, {"key": "additional-conditions", "type": "clause", "offset": [4104, 4125]}, {"key": "term-of-the", "type": "clause", "offset": [4153, 4164]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [4230, 4259]}, {"key": "scheduled-expiration-date", "type": "definition", "offset": [4359, 4384]}, {"key": "conditions-to-merger", "type": "clause", "offset": [4409, 4429]}, {"key": "time-period", "type": "definition", "offset": [4662, 4673]}, {"key": "applicable-to", "type": "definition", "offset": [4846, 4859]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [4908, 4926]}, {"key": "lesser-of", "type": "definition", "offset": [4978, 4987]}, {"key": "business-days", "type": "clause", "offset": [4992, 5005]}, {"key": "number-of-days", "type": "definition", "offset": [5020, 5034]}, {"key": "reasonably-believes", "type": "definition", "offset": [5058, 5077]}, {"key": "provide-for-a", "type": "definition", "offset": [5189, 5202]}, {"key": "subsequent-offering-period", "type": "definition", "offset": [5204, 5230]}, {"key": "in-accordance-with", "type": "clause", "offset": [5232, 5250]}, {"key": "the-exchange-act", "type": "definition", "offset": [5269, 5285]}, {"key": "prior-consent", "type": "clause", "offset": [5295, 5308]}, {"key": "consent-not-to-be-unreasonably-withheld", "type": "clause", "offset": [5330, 5369]}, {"key": "no-obligation-to-extend", "type": "clause", "offset": [5432, 5455]}, {"key": "funds-necessary", "type": "clause", "offset": [5805, 5820]}, {"key": "to-pay", "type": "clause", "offset": [5821, 5827]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [5945, 5985]}, {"key": "in-this-agreement", "type": "clause", "offset": [5986, 6003]}, {"key": "the-option", "type": "clause", "offset": [6202, 6212]}, {"key": "stockholder-agreement", "type": "clause", "offset": [6232, 6253]}, {"key": "following-the", "type": "definition", "offset": [6267, 6280]}, {"key": "consummation-of-the-offer", "type": "definition", "offset": [6281, 6306]}, {"key": "title-to-all", "type": "clause", "offset": [6320, 6332]}, {"key": "the-shares", "type": "clause", "offset": [6336, 6346]}, {"key": "the-merger", "type": "clause", "offset": [6399, 6409]}, {"key": "the-parties-further-agree", "type": "clause", "offset": [6520, 6545]}, {"key": "extension-of-the-expiration-date", "type": "clause", "offset": [6555, 6587]}, {"key": "expiring-on", "type": "clause", "offset": [6627, 6638]}], "size": 70, "samples": [{"hash": "hFm0iGE9mu0", "uri": "/contracts/hFm0iGE9mu0#the-offer", "label": "Merger Agreement (Merck & Co Inc)", "score": 18.0, "published": true}, {"hash": "ePzF4qiRatz", "uri": "/contracts/ePzF4qiRatz#the-offer", "label": "Merger Agreement (Merck & Co Inc)", "score": 18.0, "published": true}, {"hash": "eKhA5A0o9xD", "uri": "/contracts/eKhA5A0o9xD#the-offer", "label": "Merger Agreement (Provantage Health Services Inc)", "score": 18.0, "published": true}], "hash": "ef3eea96afd793160224550579d23b51", "id": 9}, {"snippet": "(a) Provided that this Agreement shall not have been terminated in accordance with Section 6.1, as promptly as practicable, and in any event within five (5) Business Days, following the execution of this Agreement (or such other later date as the parties may mutually agree in writing), (i) Merger Sub shall, and Parent shall cause Merger Sub to, commence (within the meaning of Rule 14d-2 under Exchange Act) the Offer to purchase all issued and outstanding Common Shares at the Common Per Share Amount. The Common Per Share Amount shall be net to the seller in cash, subject to reduction only for any applicable taxes. Subject to Section 1.1(b), the obligations of Merger Sub to accept for payment and pay for any Common Shares tendered pursuant to the Offer shall be subject to only those conditions set forth in Annex I (the \"Tender Offer Conditions\"). The Company agrees that no Common Shares held by the Company or any of its Subsidiaries (other than any Common Shares held on behalf of third parties) will be tendered pursuant to the Offer.\n(b) Parent on behalf of itself and Merger Sub expressly reserves the right from time to time, subject to Sections 1.1(c) and (d), to waive any Tender Offer Condition or increase the Common Per Share Amount; provided, however, that without the prior written consent of the Company, Merger Sub shall not, and Parent shall cause Merger Sub not to, (i) decrease the Common Per Share Amount or change the form of consideration payable in the Offer, (ii) decrease the number of Common Shares sought to be purchased in the Offer, (iii) amend or waive satisfaction of the Minimum Condition (as defined in Annex I, the \"Original Minimum Condition\"), except that Merger Sub may on a single occasion decrease the Minimum Condition to a level not less than (x) 56,182,474 Common Shares plus (y) 50% of the total number of Common Shares, if any, issued or issuable (solely in the case of Common Shares issuable, such Common Shares issuable but not yet issued in response to any notice, duly and validly given (and not subsequently withdrawn) by a holder to the Company on or prior to the Expiration Date, of election to exercise a Company Stock Option or Warrant or to convert Preferred Shares) after the date of this Agreement and prior to the Expiration Date (the \"Lowered Minimum Condition\"); (iv) impose additional conditions to the Offer or (v) make any change in the Offer that would require an extension or delay of the then current Expiration Date (other than an increase in the Common Per Share Amount or a one-time decrease in the Original Minimum Condition to an amount not less than the Lowered Minimum Condition).\n(c) On the date of commencement of the Offer, but after affording the Company reasonable opportunity to review and comment thereon, Parent and Merger Sub shall file or cause to be filed with the SEC, with respect to the Offer, a Tender Offer Statement on Schedule TO (together with all amendments and supplements thereto, the \"Schedule TO\") that shall contain the Offer, together with a related letter of transmittal, summary advertisement and other ancillary documents and instruments pursuant to which the Offer will be made (collectively, together with any supplements or amendments thereto, and all deliveries, mailings and telephonic notices required by Rule 14d-3 under the Exchange Act, the \"Offer Documents\") that will comply in all material respects with the provisions of all applicable Federal and other securities laws. Parent and Merger Sub further agree to disseminate the Offer Documents to holders of Common Shares as and to the extent required by applicable Federal and other securities laws. Parent, Merger Sub and the Company each agrees promptly to correct any information provided by it for use in the Offer Documents, if and to the extent that it shall have become false or misleading in any material respect, and Parent and Merger Sub shall, and Parent further agrees to cause Merger Sub to, take all steps necessary to cause the Schedule TO, as so corrected or supplemented, to be filed with the SEC, and to cause the Offer Documents, as so corrected or supplemented, to be disseminated to holders of Common Shares as and to the extent required by applicable Federal and other securities laws. The Company and its counsel shall be given a reasonable opportunity to review and comment on any Offer Documents (including each amendment or supplement thereto) before they are filed with the SEC. Parent and Merger Sub shall, and Parent agrees to cause Merger Sub to, provide the Company with (in writing, if written), and to consult with the Company regarding, any comments (written or oral) that may be received by Parent, Merger Sub or their counsel from the SEC or its staff with respect to the Offer Documents as promptly as practicable after receipt thereof. The Company and its counsel shall be given a reasonable opportunity to review and comment on any such written and oral comments and proposed responses.\n(d) The Offer shall provide for an initial expiration date on the 20th Business Day following (and including the day of) the commencement of the Offer (such date, or such subsequent date to which the expiration of the Offer is extended pursuant to and in accordance with the terms of this Agreement, the \"Expiration Date\"). Parent and Merger Sub shall not, and Parent agrees that it shall cause Merger Sub not to, terminate or withdraw the Offer other than in connection with the effective termination of this Agreement in accordance with Section 6.1 hereof. So long as this Agreement has not been terminated pursuant to Section 6.1, if at any scheduled Expiration Date, any of the Tender Offer Conditions (including the Original Minimum Condition or the Lowered Minimum Condition, as applicable) shall not have been satisfied or waived, (i) Parent shall, and shall cause Merger Sub to, extend the Offer at any time and from time to time, at the request of the Company, until such time as such Tender Offer Conditions are satisfied or waived, this Agreement is terminated pursuant to Section 6.1 or it becomes reasonably apparent that such Tender Offer Conditions are not reasonably capable of being satisfied by the End Date; provided, however, that any extension shall be in increments of not more than five (5) Business Days; and provided, further, that in no event shall such extensions exceed an aggregate of twenty (20) Business Days beyond the original Expiration Date without the prior written consent of Parent, and (ii) Parent and Merger Sub may, without the consent of the Company, further extend the Offer beyond the applicable Expiration Date until such time as such Tender Offer Conditions are satisfied or waived, in increments of not more than five (5) Business Days, provided that such extensions shall not in the aggregate exceed sixty-five (65) Business Days (less the aggregate period of any extensions pursuant to clause (i) of this sentence) without the prior written consent of the Company. Notwithstanding the foregoing, except as expressly provided in Section 1.1(b) above, Parent shall not, and shall cause Merger Sub not to, extend the Offer if all of the Tender Offer Conditions have been satisfied or waived and it is permitted under applicable Law to accept for payment and pay for Common Shares tendered in the Offer and not validly withdrawn; provided, however, that if (i) Parent or Merger Sub decreases the Original Minimum Condition to an amount not less than the Lowered Minimum Condition in accordance with clause (iii) of Section 1.1(b), (ii) following such change to the Minimum Condition, all of the Tender Offer Conditions are satisfied or waived and (iii) all Common Shares tendered in the Offer and not validly withdrawn have been accepted for payment by Merger Sub and the total number of Common Shares thereby acquired by Merger Sub is less than the Original Minimum Condition, then Parent shall, and shall cause Merger Sub to, extend the Offer for an aggregate period of not less than ten (10) or more than twenty (20) Business Days as a \"subsequent offering period\" in accordance with Rule 14d-11 under the Exchange Act. Notwithstanding anything to the contrary herein, unless this Agreement has been terminated in accordance with Section 6.1, (x) Parent shall, and shall cause Merger Sub to, extend the Offer for any period required by any rule, regulation, interpretation or position of the SEC or its staff applicable to the Offer and (y) the offering period of the Offer shall be tolled for and during any period that a Governmental Entity of competent jurisdiction shall have enacted, issued or entered any temporary restraining order or preliminary injunction or similar order or legal restraint or prohibition that remains in effect and that enjoins or otherwise prohibits consummation of the Offer, and the offering period of the Offer shall be extended by a number of days equal to the number of days that any such temporary restraining order or preliminary injunction or similar order or legal restraint or prohibition remains in effect. Nothing contained in this Section 1.1(d) shall affect any termination rights in Article VI.\n(e) Subject solely to the satisfaction or waiver by Parent and Merger Sub of the Tender Offer Conditions in accordance with Section 1.1(b), as soon as practicable after the applicable Expiration Date, (i) Merger Sub shall, and Parent shall cause Merger Sub to, accept for payment and pay for all Common Shares validly tendered and not withdrawn pursuant to the Offer (the date of such acceptance for payment, the \"Acceptance Date\"). Parent shall provide or cause to be provided to Merger Sub on a timely basis the funds necessary to purchase any Common Shares that Merger Sub becomes obligated to purchase pursuant to the Offer.", "snippet_links": [{"key": "provided-that", "type": "clause", "offset": [4, 17]}, {"key": "in-accordance-with", "type": "clause", "offset": [64, 82]}, {"key": "section-61", "type": "clause", "offset": [83, 94]}, {"key": "business-days", "type": "clause", "offset": [157, 170]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [186, 213]}, {"key": "the-parties", "type": "definition", "offset": [243, 254]}, {"key": "mutually-agree", "type": "definition", "offset": [259, 273]}, {"key": "in-writing", "type": "clause", "offset": [274, 284]}, {"key": "meaning-of", "type": "definition", "offset": [368, 378]}, {"key": "the-offer-to-purchase", "type": "clause", "offset": [410, 431]}, {"key": "outstanding-common-shares", "type": "definition", "offset": [447, 472]}, {"key": "common-per-share-amount", "type": "definition", "offset": [480, 503]}, {"key": "to-the-seller", "type": "definition", "offset": [546, 559]}, {"key": "applicable-taxes", "type": "definition", "offset": [603, 619]}, {"key": "obligations-of-merger-sub", "type": "clause", "offset": [652, 677]}, {"key": "pay-for", "type": "definition", "offset": [704, 711]}, {"key": "pursuant-to-the", "type": "definition", "offset": [739, 754]}, {"key": "annex-i", "type": "definition", "offset": [816, 823]}, {"key": "tender-offer-conditions", "type": "definition", "offset": [830, 853]}, {"key": "the-company-agrees", "type": "clause", "offset": [857, 875]}, {"key": "common-shares-held", "type": "definition", "offset": [884, 902]}, {"key": "by-the-company", "type": "clause", "offset": [903, 917]}, {"key": "held-on-behalf-of", "type": "definition", "offset": [975, 992]}, {"key": "third-parties", "type": "clause", "offset": [993, 1006]}, {"key": "the-right", "type": "clause", "offset": [1113, 1122]}, {"key": "from-time-to-time", "type": "clause", "offset": [1123, 1140]}, {"key": "subject-to-sections", "type": "clause", "offset": [1142, 1161]}, {"key": "to-waive-any", "type": "clause", "offset": [1178, 1190]}, {"key": "consent-of-the-company", "type": "clause", "offset": [1305, 1327]}, {"key": "consideration-payable", "type": "definition", "offset": [1456, 1477]}, {"key": "number-of-common-shares", "type": "clause", "offset": [1510, 1533]}, {"key": "amend-or-waive", "type": "clause", "offset": [1577, 1591]}, {"key": "satisfaction-of", "type": "clause", "offset": [1592, 1607]}, {"key": "minimum-condition", "type": "clause", "offset": [1612, 1629]}, {"key": "total-number-of", "type": "definition", "offset": [1842, 1857]}, {"key": "in-the-case", "type": "clause", "offset": [1908, 1919]}, {"key": "shares-issuable", "type": "clause", "offset": [1930, 1945]}, {"key": "issued-in", "type": "definition", "offset": [1987, 1996]}, {"key": "any-notice", "type": "definition", "offset": [2009, 2019]}, {"key": "a-holder", "type": "definition", "offset": [2080, 2088]}, {"key": "to-the-company", "type": "definition", "offset": [2089, 2103]}, {"key": "prior-to-the", "type": "clause", "offset": [2110, 2122]}, {"key": "election-to-exercise", "type": "definition", "offset": [2143, 2163]}, {"key": "company-stock-option", "type": "clause", "offset": [2166, 2186]}, {"key": "to-convert", "type": "clause", "offset": [2201, 2211]}, {"key": "preferred-shares", "type": "clause", "offset": [2212, 2228]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [2240, 2262]}, {"key": "conditions-to-the-offer", "type": "clause", "offset": [2354, 2377]}, {"key": "change-in", "type": "definition", "offset": [2394, 2403]}, {"key": "current-expiration-date", "type": "definition", "offset": [2467, 2490]}, {"key": "the-original", "type": "definition", "offset": [2572, 2584]}, {"key": "commencement-of-the-offer", "type": "clause", "offset": [2681, 2706]}, {"key": "review-and-comment", "type": "clause", "offset": [2766, 2784]}, {"key": "the-sec", "type": "definition", "offset": [2853, 2860]}, {"key": "with-respect-to", "type": "clause", "offset": [2862, 2877]}, {"key": "tender-offer-statement", "type": "clause", "offset": [2891, 2913]}, {"key": "schedule-to", "type": "clause", "offset": [2917, 2928]}, {"key": "amendments-and-supplements", "type": "clause", "offset": [2948, 2974]}, {"key": "letter-of-transmittal", "type": "clause", "offset": [3057, 3078]}, {"key": "documents-and-instruments", "type": "clause", "offset": [3122, 3147]}, {"key": "supplements-or-amendments", "type": "clause", "offset": [3222, 3247]}, {"key": "required-by", "type": "definition", "offset": [3309, 3320]}, {"key": "the-exchange-act", "type": "definition", "offset": [3338, 3354]}, {"key": "in-all-material-respects", "type": "definition", "offset": [3396, 3420]}, {"key": "the-provisions-of", "type": "clause", "offset": [3426, 3443]}, {"key": "federal-and-other-securities-laws", "type": "clause", "offset": [3459, 3492]}, {"key": "agree-to", "type": "clause", "offset": [3524, 3532]}, {"key": "holders-of-common-shares", "type": "clause", "offset": [3568, 3592]}, {"key": "to-the-extent", "type": "clause", "offset": [3600, 3613]}, {"key": "and-the-company", "type": "clause", "offset": [3691, 3706]}, {"key": "information-provided-by", "type": "clause", "offset": [3743, 3766]}, {"key": "false-or-misleading", "type": "definition", "offset": [3849, 3868]}, {"key": "agrees-to", "type": "clause", "offset": [3946, 3955]}, {"key": "the-schedule", "type": "clause", "offset": [4011, 4023]}, {"key": "amendment-or-supplement", "type": "clause", "offset": [4409, 4432]}, {"key": "provide-the", "type": "clause", "offset": [4549, 4560]}, {"key": "to-consult", "type": "definition", "offset": [4604, 4614]}, {"key": "received-by", "type": "definition", "offset": [4686, 4697]}, {"key": "its-staff", "type": "definition", "offset": [4750, 4759]}, {"key": "provide-for", "type": "clause", "offset": [5018, 5029]}, {"key": "initial-expiration-date", "type": "definition", "offset": [5033, 5056]}, {"key": "day-of", "type": "clause", "offset": [5111, 5117]}, {"key": "subsequent-date", "type": "definition", "offset": [5169, 5184]}, {"key": "expiration-of-the-offer", "type": "clause", "offset": [5198, 5221]}, {"key": "pursuant-to-and-in", "type": "clause", "offset": [5234, 5252]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [5273, 5296]}, {"key": "in-connection-with", "type": "clause", "offset": [5455, 5473]}, {"key": "termination-of-this-agreement-in-accordance", "type": "clause", "offset": [5488, 5531]}, {"key": "pursuant-to-section", "type": "clause", "offset": [5607, 5626]}, {"key": "scheduled-expiration-date", "type": "definition", "offset": [5642, 5667]}, {"key": "the-tender-offer", "type": "clause", "offset": [5676, 5692]}, {"key": "at-any-time", "type": "clause", "offset": [5902, 5913]}, {"key": "the-request", "type": "clause", "offset": [5940, 5951]}, {"key": "capable-of", "type": "definition", "offset": [6181, 6191]}, {"key": "the-end-date", "type": "definition", "offset": [6211, 6223]}, {"key": "in-no-event-shall", "type": "clause", "offset": [6355, 6372]}, {"key": "original-expiration-date", "type": "definition", "offset": [6449, 6473]}, {"key": "consent-of-parent", "type": "clause", "offset": [6500, 6517]}, {"key": "applicable-expiration-date", "type": "definition", "offset": [6627, 6653]}, {"key": "in-the-aggregate", "type": "definition", "offset": [6822, 6838]}, {"key": "period-of", "type": "clause", "offset": [6896, 6905]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [6921, 6939]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [7012, 7041]}, {"key": "except-as-expressly-provided", "type": "clause", "offset": [7043, 7071]}, {"key": "applicable-law", "type": "definition", "offset": [7261, 7275]}, {"key": "change-to", "type": "clause", "offset": [7594, 7603]}, {"key": "payment-by", "type": "clause", "offset": [7785, 7795]}, {"key": "subsequent-offering-period", "type": "definition", "offset": [8083, 8109]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [8166, 8206]}, {"key": "unless-this-agreement", "type": "clause", "offset": [8215, 8236]}, {"key": "applicable-to", "type": "definition", "offset": [8455, 8468]}, {"key": "the-offering-period", "type": "clause", "offset": [8487, 8506]}, {"key": "governmental-entity", "type": "definition", "offset": [8569, 8588]}, {"key": "competent-jurisdiction", "type": "clause", "offset": [8592, 8614]}, {"key": "temporary-restraining-order", "type": "definition", "offset": [8657, 8684]}, {"key": "preliminary-injunction", "type": "clause", "offset": [8688, 8710]}, {"key": "similar-order", "type": "definition", "offset": [8714, 8727]}, {"key": "legal-restraint", "type": "definition", "offset": [8731, 8746]}, {"key": "in-effect", "type": "clause", "offset": [8775, 8784]}, {"key": "consummation-of-the-offer", "type": "definition", "offset": [8825, 8850]}, {"key": "number-of-days", "type": "definition", "offset": [8912, 8926]}, {"key": "equal-to", "type": "definition", "offset": [8927, 8935]}, {"key": "nothing-contained-in-this-section", "type": "clause", "offset": [9093, 9126]}, {"key": "termination-rights", "type": "definition", "offset": [9151, 9169]}, {"key": "article-vi", "type": "definition", "offset": [9173, 9183]}, {"key": "by-parent-and-merger-sub", "type": "clause", "offset": [9234, 9258]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [9325, 9347]}, {"key": "acceptance-for-payment", "type": "clause", "offset": [9570, 9592]}, {"key": "acceptance-date", "type": "definition", "offset": [9599, 9614]}, {"key": "funds-necessary", "type": "clause", "offset": [9699, 9714]}], "size": 68, "samples": [{"hash": "1Dr046oKJt6", "uri": "/contracts/1Dr046oKJt6#the-offer", "label": "Merger Agreement (Metromedia International Group Inc)", "score": 18.0, "published": true}], "hash": "5e9580fa43049f639268c22a7f764f39", "id": 10}], "next_curs": "ClISTGoVc35sYXdpbnNpZGVyY29udHJhY3Rzci4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhJ0aGUtb2ZmZXIjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["the-offer", "The Offer"], ["the-offer-and-the-merger", "The Offer and the Merger"], ["the-offer-and-merger", "The Offer and Merger"], ["the-tender-offer", "The Tender Offer"], ["termination", "Termination"]], "size": 3639, "children": [["the-offer", "The Offer"], ["company-actions", "Company Actions"], ["directors", "Directors"], ["company-action", "Company Action"], ["top-up-option", "Top-Up Option"]], "title": "The Offer", "id": "the-offer", "related": [["the-offering", "The Offering", "The Offering"], ["terms-of-the-offer", "Terms of the Offer", "Terms of <strong>the Offer</strong>"], ["no-offer", "No Offer", "No Offer"], ["commencement-of-the-offer", "Commencement of the Offer", "Commencement of <strong>the Offer</strong>"], ["repurchase-offers", "Repurchase Offers", "Repurchase Offers"]], "related_snippets": [], "updated": "2026-06-28T07:51:00+00:00"}, "json": true, "cursor": ""}}