Confirmation Challenge definition
Examples of Confirmation Challenge in a sentence
The Company shall give Parent the opportunity to participate (at Parent’s expense) in the defense or settlement of any Confirmation Challenge or any member litigation against the Company and/or its directors or executive officers relating to the transactions contemplated by this Agreement, including the Merger.
The Company agrees that it shall not settle or offer to settle any Confirmation Challenge or any litigation commenced prior to or after the date of this Agreement against the Company or its directors, executive officers or similar persons by this Agreement, the Merger or any other transaction contemplated hereby without the prior written consent of Parent (which consent shall not be unreasonably withheld, conditioned or delayed).