Common use of Notification of approaches Clause in Contracts

Notification of approaches. (a) During the Exclusivity Period, Target must promptly notify Bidder in writing if it becomes aware of any: (i) approach or attempt to initiate negotiations or discussions in relation to an actual, proposed or potential Target Competing Proposal; (ii) proposal made to Target, its Related Entities or any of their Representative in connection with, or in respect of any exploration or completion of, any actual, proposed or potential Target Competing Proposal; or (iii) provision by Target, its Related Entities or any of their Representative of any non-public information concerning Target to any person in relation to any actual, proposed or potential Target Competing Proposal, whether direct or indirect, solicited or unsolicited and in writing or otherwise. For the avoidance of doubt, any of the acts described in this clause ‎8.5 may only be taken by Target to the extent permitted or not proscribed under clauses ‎8.3 or ‎8.4. (b) A notice given under clause ‎8.5(a) must include the identity of the proponent of the Target Competing Proposal and a summary of all material terms and conditions of the actual, proposed or potential Target Competing Proposal.

Notification of approaches. (a) During the Exclusivity Period, Target must promptly notify Bidder in writing if it becomes aware of any: (i) approach or attempt to initiate negotiations or discussions in relation to an actual, proposed or potential Target Competing Proposal; (ii) proposal made to Target, its Related Entities or any of their Representative in connection with, or in respect of any exploration or completion of, any actual, proposed or potential Target Competing Proposal; or (iii) provision by Target, its Related Entities or any of their Representative of any non-public information concerning Target to any person in relation to any actual, proposed or potential Target Competing Proposal, whether direct or indirect, solicited or unsolicited and in writing or otherwise. For the avoidance of doubt, any of the acts described in this clause ‎8.5 8.5 may only be taken by Target to the extent permitted or not proscribed under clauses ‎8.3 8.3 or ‎8.48.4. (b) A notice given under clause ‎8.5(a8.5(a) must include the identity of the proponent of the Target Competing Proposal and a summary of all material terms and conditions of the actual, proposed or potential Target Competing Proposal.