Examples of Standstill Provision in a sentence
The Separation Agreement prevented Bosley from both directly or indirectly soliciting consents and directly or indirectly becoming a “participant” or assisting any other person in such a solicitation (the Standstill Provision) and forbid him from misusing Company confidential information (the Confidentiality Provision).
Section 7 of the Confidentiality Agreement included a provision providing for a "standstill" period of one year during which Dendrite was prohibited from taking any action, including making a tender offer or merger proposal, to acquire the stock or control of Synavant without first obtaining the written consent of the Board of Directors of Synavant (the "Standstill Provision").
Nor shall anything in this Paragraph 5(c) Standstill Provision prevent Xxxxxx from serving as a member of the Company’s Board of Directors, voting as a member of the Company’s Board of Directors, or in any other way restrict Xxxxxx from performing his duties as a member of the Company’s Board of Directors, without limitation.
And considering these allegations as a whole, it is reasonably conceivable that Delek was seeking to acquire Alon during the Standstill Period.The finding that Plaintiff has adequately alleged a breach of the Standstill Provision has a domino effect in this analysis, because the other provisions at issue parrot the verbiage and encompass the actions prohibited by the Standstill Provision.
Payment Standstill Provision • A payment standstill provision, which is typically seen in senior/mezzanine intercreditor arrangements, operates to prevent a junior lender from receiving payments, whether made voluntarily or as a result of an exercise of remedies, for a specified period of time after an event of default.
The Standstill Provision, by its own terms, expired in December 2000.
Nothing in this Paragraph 5(c) Standstill Provision shall restrict Xxxxxx’x ability to vote pursuant to his stock or other equity intestests that he currently holds or receives pursuant to this Agreement.
The Amendment increases the Eastern Beneficial Ownership Limitation to 48% and extends the restrictions under the Standstill Provision until June 26, 2020.
This access to due diligence materials was again a failure to enforce the TransCanada Standstill Provision and was made without Board approval.
The Company agrees to fully enforce the Required Standstill Provision set forth in the Acceptable Confidentiality Agreement to which Xxxx and the Company are a party.