Common use of Terms and Conditions of the Offer Clause in Contracts

Terms and Conditions of the Offer. The obligation of Merger Sub to, and of Parent to cause Merger Sub to, accept for payment and pay for Shares tendered pursuant to the Offer shall be subject only to the satisfaction (or waiver by Parent and Merger Sub) of the conditions set forth in Annex A hereto (the “Offer Conditions”). To the extent permitted by applicable Law, Parent and Merger Sub expressly reserve the right to waive any of the Offer Conditions (other than the Minimum Condition), to increase the price per Share payable in the Offer and to make any other changes in the terms of the Offer; provided, however, that no change may be made without the prior written consent of the Company that (i) other than in accordance with Section 1.1(h), decreases the price per Share payable in the Offer, (ii) changes the form of consideration to be paid in the Offer, (iii) reduces the maximum number of Shares sought to be purchased in the Offer, (iv) imposes conditions to the Offer in addition to the Offer Conditions, (v) amends, modifies or waives the Minimum Condition, (vi) modifies or amends any of the Offer Conditions in any manner adverse to the holders of Shares or (vii) except as provided in Section 1.1(c), extends the Initial Offer Expiration Date.

Appears in 3 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Hospitality Distribution Inc), Agreement and Plan of Merger (Cec Entertainment Inc)

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Terms and Conditions of the Offer. The obligation of Merger Sub Purchaser to, and of Parent to cause Merger Sub Purchaser to, accept for payment and pay for Shares tendered pursuant to the Offer shall be subject only to the satisfaction (or waiver by Parent and Merger SubPurchaser) of the conditions set forth in Annex A hereto (the “Offer Conditions”). To the extent permitted by applicable Law, Parent and Merger Sub Purchaser expressly reserve the right to waive any of the Offer Conditions (other than the Minimum Condition), to increase the price per Share payable in the Offer and to make any other changes in the terms of the Offer; provided, however, that no change may be made without the prior written consent of the Company that (i) other than in accordance with Section 1.1(h), decreases the price per Share payable in the Offer, (ii) changes the form of consideration to be paid in the Offer, (iii) reduces the maximum number of Shares sought to be purchased in the Offer, (iv) imposes conditions to the Offer in addition to the Offer Conditions, (v) amends, modifies or waives the Minimum Condition, (vi) modifies or amends any of the Offer Conditions in any manner adverse to the holders of Shares or (vii) except as provided in Section 1.1(c), extends the Initial Offer Expiration Date.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Verizon Communications Inc), Agreement and Plan of Merger (Terremark Worldwide Inc.)

Terms and Conditions of the Offer. The obligation obligations of Merger Sub toAcquiror to accept for payment, and of Parent to cause Merger Sub topay for, accept for payment and pay for any Company Ordinary Shares tendered pursuant to the Offer shall be are subject only to the satisfaction (or waiver by Parent and Merger Sub) of the conditions set forth in Annex A hereto II (the “Offer Conditions”). To The Offer Conditions are for the extent permitted by applicable Lawsole benefit of Acquiror, Parent and Merger Sub and, subject to prior consultation with the SIC, Acquiror may waive, in whole or in part, any Offer Condition. Acquiror expressly reserve reserves the right to waive any increase the Offer Price or, subject to prior consent of the Offer Conditions (other than the Minimum Condition)SIC, to increase the price per Share payable in the Offer and to waive or make any other changes in the terms and conditions of the Offer; provided, however, that no change may be made without that, notwithstanding the prior written consent of foregoing or anything to the contrary set forth in this Agreement or in the Offer Documents, unless previously approved by the Company that and the SIC in writing, Acquiror shall not (i) other than in accordance with Section 1.1(h), decreases reduce the price per Share payable in the Offer, (ii) changes the form of consideration to be paid in the Offer, (iii) reduces the maximum number of Company Ordinary Shares sought to be purchased in the Offer, (ii) reduce the Offer Price, (iii) change the form of consideration payable in the Offer, (iv) imposes conditions to amend, modify or waive the Offer in addition to the Offer ConditionsMinimum Tender Condition, (v) amendsadd to the Offer Conditions or amend, modifies modify or waives the Minimum supplement any Offer Condition, (vi) modifies or amends any extend the expiration date of the Offer Conditions in any manner adverse to other than in accordance with the holders terms of Shares Section 1.01(d), or (vii) except as provided in Section 1.1(c)amend, extends modify, change or supplement any terms or conditions of the Initial Offer Expiration Datethat would have a material and adverse effect on the Offer or the shareholders of the Company.

Appears in 1 contract

Samples: Implementation Agreement (SunEdison Semiconductor LTD)

Terms and Conditions of the Offer. The obligation of Merger Sub to, and of Parent to cause Merger Sub to, accept for payment and pay for Shares tendered pursuant to the Offer shall be subject only to the satisfaction (or waiver by Parent and Merger Sub) of the conditions set forth in Annex A hereto (the “Offer Conditions”). To the extent permitted by applicable Law, Parent and Merger Sub expressly reserve the right to waive any of the Offer Conditions (other than the Minimum Condition), to increase the price per Share payable in the Offer and to make any other changes in the terms of the Offer; provided, however, that no change may be made without the prior written consent of the Company that (i) other than in accordance with Section 1.1(h1.01(g), decreases the price per Share payable in the Offer, (ii) changes the form of consideration to be paid in the Offer, (iii) reduces the maximum number of Shares sought to be purchased in the Offer, (iv) imposes conditions to the Offer in addition to the Offer Conditions, (v) amends, modifies or waives the Minimum Condition, (vi) modifies or amends any of the Offer Conditions in any manner adverse to the holders of Shares or (vii) except as provided in Section 1.1(c1.01(c), extends the Initial Offer Expiration Date.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Castle Brands Inc)

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Terms and Conditions of the Offer. The obligation obligations of Merger Sub to, and of Parent to cause Merger Sub to, accept for payment payment, and of Parent to pay for Shares for, any shares of Common Stock tendered pursuant to the Offer shall be are subject only to the satisfaction (or waiver by Parent and Merger Sub(to the extent permitted under this Agreement) of the conditions set forth in Annex Exhibit A hereto (as they may be amended in accordance with this Agreement, the “Offer Conditions”). To the extent permitted by applicable Law, Parent and Merger Sub expressly reserve the right to waive any of the Offer Conditions Condition (other than the Minimum Tender Condition and the Majority of the Minority Tender Condition), to increase the price per Share payable in the Offer and to make any other changes in which are non-waivable) or modify the terms of the Offer; provided, howeverexcept that, that no change may be made without the prior written consent of the Company that Company, Parent and Merger Sub shall not (i) other than in accordance with Section 1.1(h), decreases reduce the price per Share payable in number of shares of Common Stock subject to the Offer, (ii) changes reduce the Per Share Amount (except as provided in Section 2.01(f)), (iii) add to the Offer Conditions or change, modify or waive any Offer Condition in a manner adverse to the Minority Holders, (iv) extend or otherwise change the expiration date of the Offer (except as required or permitted by the provisions of Section 2.01(c)), (v) change the form of consideration to be paid payable in the Offer, (iii) reduces the maximum number of Shares sought to be purchased in the Offer, (iv) imposes conditions to the Offer in addition to the Offer Conditions, (v) amends, modifies or waives the Minimum Condition, (vi) modifies otherwise amend, modify or amends supplement any of the other terms of the Offer Conditions in any manner adverse to the holders of Shares or (vii) except as provided in Section 1.1(c), extends the Initial Offer Expiration DateMinority Holders.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Steel Partners Holdings L.P.)

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