No Alternative Transactions. Seller will, and will cause its Representatives to, immediately cease any existing discussion or negotiation with any Persons (other than the Buyer) conducted prior to the date hereof with respect to any proposed, potential or contemplated disposition of all or any portion of the Business (other than assets disposed of in the ordinary course of business) to any Person other than the Buyer (an “Alternative Transaction”). Seller will refrain, and will cause each of its Representative to refrain from taking, directly or indirectly, any action (a) to solicit or initiate the submission of any proposal or indication of interest relating to an Alternative Transaction, (b) to participate in any discussions or negotiations regarding, or furnish to any Person any information with respect to, or that may reasonably be expected to lead to, an Alternative Transaction or (c) to authorize, engage in, or enter into any agreement or understanding with respect to an Alternative Transaction.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Grilled Cheese Truck, Inc.), Asset Purchase Agreement (Grilled Cheese Truck, Inc.), Asset Purchase Agreement (Grilled Cheese Truck, Inc.)