Common use of Notification of approaches Clause in Contracts

Notification of approaches. (a) During the Exclusivity Period, the Target must immediately notify the Bidder if it or any of its Related Persons receives written notice of a bona fide and credible Competing Proposal from any Third Party, with such notification to include: (i) the identity of that Third Party; and (ii) all other material terms and conditions of the actual, proposed or potential Competing Proposal, including but not limited to the details of the proposed or implied value of the Competing Proposal, conditions, timing and break fee (if any).

Appears in 2 contracts

Sources: Bid Implementation Agreement, Bid Implementation Agreement