Notices of Proposals. Each party will as promptly as reasonably practicable (and in any event within twenty-four (24) hours after receipt) (i) notify the other party of its receipt of any Acquisition Proposal and (ii) provide to the other party a copy of such Acquisition Proposal (if written), or a summary of the material terms and conditions of such Acquisition Proposal (if oral), including the identity of the Person making such Acquisition Proposal, and copies of all written communications and materials from such Person with respect to such actual or potential Acquisition Proposal. Such party in receipt of an Acquisition Proposal shall notify the other party, in writing, of its first decision of its board of directors as to whether to consider any Acquisition Proposal or to enter into discussions or negotiations concerning any Acquisition Proposal or to provide non-public information with respect to such to any Person, which notice shall be given as promptly as practicable after such determination was reached (and in any event no later than twenty-four (24) hours after such determination was reached). Such party in receipt of an Acquisition Proposal will (A) provide the other party with written notice setting forth such information as is reasonably necessary to keep such other party reasonably informed of the material terms of any such Acquisition Proposal and of any material amendments or modifications thereto made by the Person making an Acquisition Proposal, and (B) at least two (2) business days prior to the provision of any material non-public information of such party to any such Person, provide such information to the other party (including by posting such information to an electronic data room), to the extent such information has not previously been made available the other party.
Appears in 2 contracts
Sources: Merger Agreement (Pieris Pharmaceuticals, Inc.), Merger Agreement (Pieris Pharmaceuticals, Inc.)
Notices of Proposals. Each party will as promptly as reasonably practicable (and in any event within twenty-four (24) hours after receipt) (i) notify the other party of its receipt of any Acquisition Proposal and (ii) provide to the other party a copy of such Acquisition Proposal (if written), or a summary of the material terms and conditions of such Acquisition Proposal (if oral), including the identity of the Person making such Acquisition Proposal, and copies of all written communications and materials from such Person with respect to such actual or potential Acquisition Proposal. Such party in receipt of an Acquisition Proposal shall notify the other party, in writing, of its first decision of its board of directors as to whether to consider any Acquisition Proposal or to enter into discussions or negotiations concerning any Acquisition Proposal or to provide non-public information with respect to such to any Person, which notice shall be given as promptly as practicable after such determination was reached (and in any event no later than twenty-four (24) hours after such determination was reached). Such party in receipt of an Acquisition Proposal will (A) provide the other party with written notice setting forth such information as is reasonably necessary to keep such other party reasonably informed of the material terms of any such Acquisition Proposal and of any material amendments or modifications thereto made by the Person making an Acquisition Proposal, and (B) at least two (2) business days Business Days prior to the provision of any material non-public information of such party to any such Person, provide such information to the other party (including by posting such information to an electronic data room), to the extent such information has not previously been made available the other party.
Appears in 1 contract
Sources: Agreement and Plan of Merger (Channel Therapeutics Corp)
Notices of Proposals. Each party Party will as promptly as reasonably practicable (and in any event within twenty-four (24) hours after receipt) (i) notify the other party Party of its receipt of any Acquisition Proposal and (ii) provide to the other party Party a copy of such Acquisition Proposal (if written), or a summary of the material terms and conditions of such Acquisition Proposal (if oral), including the identity of the Person person making such Acquisition Proposal, and copies of all written communications and materials from such Person person with respect to such actual or potential Acquisition Proposal. Such party Party in receipt of an Acquisition Proposal shall notify the other partyParty, in writing, of its first decision of its board of directors as to whether to consider any Acquisition Proposal or to enter into discussions or negotiations concerning any Acquisition Proposal or to provide non-public information with respect to such to any Personperson, which notice shall be given as promptly as practicable after such determination was reached (and in any event no later than twenty-four (24) hours after such determination was reached). Such party Party in receipt of an Acquisition Proposal will (A) provide the other party Party with written notice setting forth such information as is reasonably necessary to keep such other party Party reasonably informed of the material terms of any such Acquisition Proposal and of any material amendments or modifications thereto made by the Person person making an Acquisition Proposal, and (B) at least two (2) business days prior to to, or substantially concurrently with, the provision of any material non-public information of such party Party to any such Personperson, provide such information to the other party Party (including by posting such information to an electronic data room), to the extent such information has not previously been made available the other partyParty.
Appears in 1 contract
Sources: Merger Agreement (Kindly MD, Inc.)
Notices of Proposals. Each party will as promptly as reasonably practicable (and in any event within twenty-twenty four (24) hours after receipt) (i) notify the other party of its receipt of any Acquisition Proposal and (ii) provide to the other party a copy of such Acquisition Proposal (if written), or a summary of the material terms and conditions of such Acquisition Proposal (if oral), including the identity of the Person person making such Acquisition Proposal, and copies of all written communications and materials from such Person person with respect to such actual or potential Acquisition Proposal. Such party in receipt of an Acquisition Proposal shall notify the other party, in writing, of its first decision of its board of directors as to whether to consider any Acquisition Proposal or to enter into discussions or negotiations concerning any Acquisition Proposal or to provide non-public information with respect to such to any Personperson, which notice shall be given as promptly as practicable after such determination was reached (and in any event no later than twenty-four (24) 24 hours after such determination was reached). Such party in receipt of an Acquisition Proposal will (A) provide the other party with written notice setting forth such information as is reasonably necessary to keep such other party reasonably informed of the material terms of any such Acquisition Proposal and of any material amendments or modifications thereto made by the Person person making an Acquisition Proposal, and (B) at least two (2) business days prior to to, or substantially concurrently with, the provision of any material non-public information of such party to any such Personperson, provide such information to the other party (including by posting such information to an electronic data room), to the extent such information has not previously been made available the other party.
Appears in 1 contract
Sources: Merger Agreement (IMARA Inc.)