Common use of Proposal Clause in Contracts

Proposal. On the date hereof, the Parties shall submit the Proposal to the Target Board. Thereafter, the Parties shall collectively: (a) if necessary, undertake further due diligence with respect to the Target and its business; (b) engage in discussions with the Target regarding the Proposal; and (c) negotiate in good faith the terms of definitive documentation in respect of the Transaction, including without limitation the Merger Agreement and the terms of agreements between the Parties required to support the Proposal or to regulate the relationship between the Parties. The Parties further agree to negotiate in good faith to reach agreement on a shareholders agreement that would, among other things, govern the relationship of the shareholders in Holdco following the Closing, and contain provisions customary for transactions of this type.

Proposal. On the date hereof, the Parties shall submit the Proposal to the Target Board. Thereafter, the Parties shall collectively: (a) if necessary, undertake further due diligence with respect to the Target and its business; (b) engage in discussions with the Target regarding the Proposal; and (c) negotiate in good faith the terms of definitive documentation in respect of the Transaction, including without limitation the Merger Agreement and the terms of agreements between the Parties required to support the Proposal or to regulate the relationship between the Parties. The Parties further agree to negotiate in good faith to reach agreement on a shareholders agreement that would, among other things, govern the relationship of the shareholders in Holdco following the Closing, and contain provisions customary for transactions of this type.

Proposal. On the date hereof, the Parties Founder, the Existing Investor and the Sponsor shall submit the Proposal a letter to the Target BoardTarget’s board of directors disclosing the execution and the terms of this Agreement. Thereafter, the Parties shall collectivelyshall: (a) if necessary, undertake further due diligence with respect to the Target and its business; (b) engage in discussions with the Target regarding the Proposal; and (c) negotiate in good faith the terms of definitive documentation in respect of the Transaction, Documentation (including without limitation the Merger Agreement and the terms of any other agreements between the Parties required to support the Proposal or to regulate the relationship between the Parties). The Parties further agree to negotiate in good faith to reach agreement on a shareholders shareholders’ agreement (the “Shareholders’ Agreement”) that would, among other things, govern the relationship of the shareholders in Holdco following the Closing, and that would contain provisions customary for transactions of this type.

Proposal. On the date hereof, the Parties shall submit the Proposal to the Target Company Board. Thereafter, the Parties shall collectively: (a) if necessary, undertake further due diligence with respect to the Target Company and its business; (b) engage in discussions with the Target Company regarding the Proposal; and (c) negotiate in good faith the terms of definitive documentation in respect of the Transaction, including without limitation the Merger Agreement and the terms of agreements between the Parties required to support the Proposal or to regulate the relationship between the Parties. The Parties further agree to negotiate in good faith to reach agreement on a shareholders agreement that would, among other things, govern the relationship of the shareholders in Holdco following the Closing, and contain provisions customary for transactions of this type.

Proposal. On the date hereof, the Parties shall submit the Proposal a letter to the Target BoardCompany’s board of directors disclosing the execution of this Agreement. Thereafter, the Parties shall collectivelyshall: (a) if necessary, undertake further due diligence with respect to the Target Company and its business; (b) engage in discussions with the Target Company regarding the Proposal; and (c) negotiate in good faith the terms of definitive documentation in respect of the Transaction, Documentation (including without limitation the Merger Agreement and the terms of any other agreements between the Parties required to support the Proposal or to regulate the relationship between the Parties). The Parties further agree to negotiate in good faith to reach agreement on a shareholders shareholders’ agreement (the “Shareholders’ Agreement”) that would, among other things, govern the relationship of the shareholders in Holdco following the Closing, and that would contain provisions customary for transactions of this type.