Common use of Presentation of Potential Target Businesses Clause in Contracts

Presentation of Potential Target Businesses. The Company shall cause each of its Officers and Directors to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, each such Officer or Director will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire a Target Business, until the earlier of the consummation by the Company of a Business Combination, the distribution of the funds held in the Trust Account or until such time as such Officer or Director ceases to be an officer or director of the Company; provided, however, that the presentation of such opportunities to the Company shall be subject to any fiduciary or contractual obligations of such Officer or Director arising from a fiduciary or contractual relationship established prior to the establishment of such Officer’s or Director’s fiduciary relationship with the Company.

Appears in 4 contracts

Samples: Underwriting Agreement (Shermen WSC Acquisition Corp), Underwriting Agreement (Shermen WSC Acquisition Corp), Underwriting Agreement (Shermen WSC Acquisition Corp)

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Presentation of Potential Target Businesses. The Company shall cause each of its Officers officers and Directors directors to agree that, in order to minimize potential conflicts of interest which may arise from multiple affiliations, each such Officer officer or Director director will present to the Company for its consideration, prior to presentation to any other person or company, any suitable opportunity to acquire a Target Business, until the earlier of the consummation by the Company of a Business Combination, the distribution of the funds held in the Trust Account or until such time as such Officer the officer or Director director ceases to be an officer or director of the Company; provided, however, that the presentation of such opportunities to the Company shall be subject to any fiduciary or contractual obligations of such Officer officer or Director director arising from a fiduciary or contractual relationship established prior to the establishment of such Officerofficer’s or Directordirector’s fiduciary relationship with the Company.

Appears in 2 contracts

Samples: Underwriting Agreement (Oracle Healthcare Acquisition Corp.), Underwriting Agreement (Oracle Healthcare Acquisition Corp.)

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