MRMP definition
Examples of MRMP in a sentence
During the Standstill Period, neither the Company nor the MRMP Stockholders shall make or cause to be made any public announcement or statement with respect to the subject of this Term Sheet that is inconsistent with or contrary to the statements made in the Press Release.
Each of the MRMP Stockholders, on the one hand, and the Company, on the other hand, acknowledges and agrees that irreparable injury to the other Party would occur in the event any of the provisions of this Term Sheet were not performed in accordance with their specific terms or were otherwise breached and that such injury would not be adequately compensable by the remedies available at law (including the payment of money damages).
No Party shall assign this Term Sheet or any rights or obligations hereunder without, with respect to the MRMP Stockholders, the prior written consent of the Company, and with respect to AK, the prior written consent of the MRMP Stockholders.
The disclosures in the MRMP Stockholders 13D/A relating to this Term Sheet shall be consistent with the terms of this Term Sheet.
The MRMP Stockholders shall provide the Company with a reasonable opportunity to review and comment on the MRMP Stockholders 13D/A prior to it being filed with the SEC and consider in good faith any comments of the Company.
The Company shall provide the MRMP Stockholders with a reasonable opportunity to review and comment on the Form 8-K prior to its filing with the SEC and consider in good faith any comments of the MRMP Stockholders.
Each of AK and the MRMP Stockholders shall have the ability to recommend candidates to replace JH or KG, subject to the final approval of the Board.
The Company shall reimburse the MRMP Stockholders and AK for their reasonable, documented out-of-pocket fees and expenses (including legal expenses) in connection with the negotiation and execution of this Term Sheet and the transactions contemplated hereby and the proposed nomination of directors by the MRMP Stockholders in connection with the 2023 Annual Meeting.
Each of the MRMP Stockholders, on the one hand, and the Company, on the other hand, acknowledges and agrees that irreparable injury to the other Party would occur in the event any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached and that such injury would not be adequately compensable by the remedies available at law (including the payment of money damages).
The MRMP Stockholders each acknowledge and agree that the Company will file this Agreement and file or furnish the Press Release with the SEC (i) as exhibits to a Current Report on Form 8-K (the “Company 8-K”) within four (4) business days of the execution of this Agreement and (ii) pursuant to any securities and/or exchange rules and regulations that are applicable to the Company.