Common use of Notification of Acquisition Proposals Clause in Contracts

Notification of Acquisition Proposals. If Norbord or any of its subsidiaries or, to the knowledge of Norbord, or any of their respective Representatives receives or otherwise becomes aware of any inquiry, proposal or offer that constitutes or would reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord after the date of this Agreement, or any request for copies of, access to, or disclosure of, confidential information relating to Norbord or any subsidiary in connection with such an Acquisition Proposal, Norbord shall as soon as practicable and in any event within 24 hours of the receipt thereof notify West Fraser (at first orally and then in writing) of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include a description of its material terms and conditions of such Acquisition Proposal, inquiry, proposal, offer or request and the identity of all Persons making the Acquisition Proposal inquiry, proposal, offer or request and will provide West Fraser with copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such Persons. Norbord shall keep West Fraser promptly and fully informed of the status of material or substantive developments and (to the extent Norbord is permitted by Section 7.3 to enter into discussions or negotiations), the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changes, modifications or other amendments to such Acquisition Proposal or request, and shall promptly provide to West Fraser copies of all material or substantive documents and correspondence (if not delivered in writing or electronic form, then by way of a description of the material terms communicated), received in respect of, from or on behalf of any Person in connection with such Acquisition Proposal.

Notification of Acquisition Proposals. If Norbord West Fraser or any of its subsidiaries or, to the knowledge of NorbordWest Fraser, or any of their respective Representatives receives or otherwise becomes aware of any inquiry, proposal or offer that constitutes or would reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord West Fraser after the date of this Agreement, or any request for copies of, access to, or disclosure of, confidential information relating to Norbord West Fraser or any subsidiary in connection with such an Acquisition Proposal, Norbord West Fraser shall as soon as practicable and in any event within 24 hours of the receipt thereof notify West Fraser Norbord (at first orally and then in writing) of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include a description of its material terms and conditions of such Acquisition Proposal, inquiry, proposal, offer or request and the identity of all Persons making the Acquisition Proposal inquiry, proposal, offer or request and will provide West Fraser Norbord with copies of all written documents, correspondence or other material received in respect of, from or on behalf of any such Persons. Norbord West Fraser shall keep West Fraser Norbord promptly and fully informed of the status of material or substantive developments and (to the extent Norbord West Fraser is permitted by Section 7.3 7.7 to enter into discussions or negotiations), the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changes, modifications or other amendments to such Acquisition Proposal or request, and shall promptly provide to West Fraser Norbord copies of all material or substantive documents and correspondence (if not delivered in writing or electronic form, then by way of a description of the material terms communicated), ) received in respect of, from or on behalf of any Person in connection with such Acquisition Proposal.

Notification of Acquisition Proposals. If Norbord the Company or any of its subsidiaries or, to the knowledge of Norbord, Subsidiaries or any of their respective Representatives receives or otherwise becomes aware of (x) any inquiry, proposal or offer that constitutes or would could reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord after the date of this Agreement, or (y) any request for copies of, access to, or disclosure of, confidential non-public information relating to Norbord the Company or any subsidiary of its Subsidiaries or access to the properties, books or records of the Company or any Subsidiary in connection with such any inquiry, proposal or offer that constitutes or could reasonably be expected to constitute or lead to an Acquisition Proposal, Norbord then the Company shall promptly notify the Parent orally and then as soon as reasonably practicable and thereafter (and, in any event event, within 24 hours of the receipt thereof notify West Fraser twenty-four (at first orally and then 24) hours) in writing) of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include a description of its material terms and conditions writing of such Acquisition Proposal, inquiry, proposal, offer or request and shall indicate the identity of all the Person or group of Persons making the such proposal, inquiry or contact and all material terms and conditions thereof and shall provide a copy of any such Acquisition Proposal Proposal, inquiry, proposal, offer or request and will provide West Fraser with unredacted copies of all material written documents, correspondence or other material received in respect of, from or on behalf communications (and a summary of any such Personsall substantive discussions) related thereto. Norbord The Company shall keep West Fraser the Parent promptly (and fully in any event within 24 hours) informed of the status of material or substantive developments and (status, including any change to the extent Norbord is permitted by Section 7.3 to enter into discussions or negotiations)material terms, the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changesinquiry, modifications or other amendments to such Acquisition Proposal proposal, offer or request. The Company agrees that it will not, and shall promptly provide to West Fraser copies of all material directly or substantive documents and correspondence (if not delivered in writing or electronic formindirectly, then by way of a description of the material terms communicated), received in respect of, from or on behalf of enter into any agreement with any Person which directly or indirectly prohibits the Company from providing any information to the Parent in connection with such Acquisition Proposalaccordance with, or otherwise complying with, this Article 7.

Notification of Acquisition Proposals. If Norbord the Parent or any of its subsidiaries or, to the knowledge of Norbord, Subsidiaries or any of their respective Representatives receives or otherwise becomes aware of (x) any inquiry, proposal or offer that constitutes or would could reasonably be expected to constitute or lead to an Acquisition Proposal with respect to Norbord after the date of this Agreement, or (y) any request for copies of, access to, or disclosure of, confidential non-public information relating to Norbord the Parent or any subsidiary of its Subsidiaries or access to the properties, books or records of the Parent or any Subsidiary in connection with such any inquiry, proposal or offer that constitutes or could reasonably be expected to constitute or lead to an Acquisition Proposal, Norbord then the Parent shall promptly notify the Company orally and then as soon as reasonably practicable and thereafter (and, in any event event, within 24 hours of the receipt thereof notify West Fraser twenty-four (at first orally and then 24) hours) in writing) of such Acquisition Proposal, inquiry, proposal, offer or request. Such notice shall include a description of its material terms and conditions writing of such Acquisition Proposal, inquiry, proposal, offer or request and shall indicate the identity of all the Person or group of Persons making the such proposal, inquiry or contact and all material terms and conditions thereof and shall provide a copy of any such Acquisition Proposal Proposal, inquiry, proposal, offer or request and will provide West Fraser with unredacted copies of all material written documents, correspondence or other material received in respect of, from or on behalf communications (and a summary of any such Personsall substantive discussions) related thereto. Norbord The Parent shall keep West Fraser the Company promptly (and fully in any event within 24 hours) informed of the status of material or substantive developments and (status, including any change to the extent Norbord is permitted by Section 7.3 to enter into discussions or negotiations)material terms, the status of discussions and negotiations with respect to any such Acquisition Proposal, including any material changesinquiry, modifications or other amendments to such Acquisition Proposal proposal, offer or request. The Parent agrees that it will not, and shall promptly provide to West Fraser copies of all material directly or substantive documents and correspondence (if not delivered in writing or electronic formindirectly, then by way of a description of the material terms communicated), received in respect of, from or on behalf of enter into any agreement with any Person which directly or indirectly prohibits the Parent from providing any information to Company in connection with such Acquisition Proposalaccordance with, or otherwise complying with, this Article 8.