3Q Business definition
Examples of 3Q Business in a sentence
For purposes hereof, a “Sale Event” means the sale or transfer of all or substantially all of the assets of the 3Q Business or the equity of the Company (regardless of the form of transaction) to an unaffiliated third party.
Any such Manager Proposal (together with, if applicable, other employees of the 3Q Business) will be considered in good faith by the Board, consistent with its members’ fiduciary duties under Delaware Law, against other proposals received.
In connection with ▇▇▇▇▇ ▇▇▇▇▇’ press release, dated April 18, 2017, regarding its intention to explore strategic alternatives for the business of 3Q (the “3Q Business”), ▇▇▇▇▇ ▇▇▇▇▇ shall, if it has not already done so prior to the date hereof, as promptly as practicable following the date hereof, engage financial advisors to assist ▇▇▇▇▇ ▇▇▇▇▇ in the formal process of soliciting potential bidders and bids for the sale of the 3Q Business (the “Sale Process”).
The 3Q Managers shall promptly disclose to ▇▇▇▇▇ ▇▇▇▇▇ the names of any such employees of the 3Q Business that may participate with the 3Q Managers in any Manager Proposal.
As additional consideration to the Effective Time Holders for the agreements contained herein, and subject to the satisfaction of the Sale Bonus Conditions (as defined below), upon the consummation of any sale of the 3Q Business, if applicable, ▇▇▇▇▇ ▇▇▇▇▇ shall pay to the Representative (on behalf of and for further distribution to the Effective Time Holders), by wire transfer of immediately available funds to the account designated in writing by the Representative, the amounts set forth on Schedule I.
Such contacts will be subject to the reasonable coordination of ▇▇▇▇▇ ▇▇▇▇▇ (and/or its financial advisor(s)) as to timing and sequencing, and must be made under a confidentiality agreement in a form provided by ▇▇▇▇▇ ▇▇▇▇▇ prior to the disclosure of any material non-public information of ▇▇▇▇▇ ▇▇▇▇▇ (including information about the 3Q Business).